Market Share of Packaging Industry
The significant factors governing the Global Packaging Market are sustainable competitive advantages through innovation, levels of market penetration, barriers to exit, advertising expense power of competitive strategy, and firm concentration ratio. The players in this market possess a competitive advantage through innovation. The specification of the packaging material is different, mostly in plastic packaging, leaving a high possibility of product differentiation.
- July 2022 - Mondi and Fiorini International teamed up to create a new paper packaging solution for Italian premium pasta product manufacturer Antico Pastificio Umbro. The new packaging is fully recyclable and, when rolled out across all pasta products, it could save up to 20 tons of plastic each year.
- June 2022 - Coveris expanded capacity at its Kufstein site. The new extrusion facility, which was recently put into full operation, continues the modernization efforts at the plant and significantly increases the production speed of stretch film for silage bales.
- June 2022- Ardagh Metal Packaging announced plans to expand its production capacity through a new facility at La Ciotat, France. The expenditure will be supported by Sud Attractivité and Bpifrance, catering to the increasing demands from existing and new customers for long-term partnerships in Middle East Africa (MEA) and Southwestern Europe.
- April 2022 - Sealed Air introduced PRISTIQ, a digital packaging brand with a portfolio of solutions for design services, digital printing, and smart packaging, eliminating waste and excess packaging while enhancing products and customer engagement.
Packaging Market Leaders
Huhtamäki Oyj
Amcor PLC
Mondi PLC
Berry Global Inc
Gerresheimer AG
*Disclaimer: Major Players sorted in no particular order
