Market Share of Global Paper and Paperboard Packaging Industry
The global market for paperboard packaging is quite fragmented. Nippon Paper Industries Co. Ltd, Mondi, METS BOARD, WestRock Company, and ITC Limited are among the major companies. The corporations continue to innovate and form strategic partnerships to maintain their market share.
In December 2022, in collaboration with FRESH!PACKING, Mondi created a cutting-edge cooler bag for consumers to transport frozen or chilled foods. While boosting cooling protection by up to 2.5 times, the Fresh!Bag's exterior layer is entirely made of sturdy kraft paper from Mondi, replacing the multi-material, non-recyclable packaging that was previously utilized. The cooling portion of the bag is made from pulp. It is enclosed in kraft paper from Mondi, which is certified as completely recyclable in Europe's current paper waste streams. Due to the paper's high stretchability, stitching the many plies together to form a sturdy bag structure was made simple.
In September 2022, Smurfit Kappa disclosed that it had agreed to buy PaperBox, a packaging facility in Saquarema, 70 kilometers east of Rio de Janeiro. Since it already operates in Minas Gerais, Rio Grande do Sul, and Ceará, this acquisition considerably widened Smurfit Kappa's operational base in Brazil.
Paper and Paperboard Packaging Market Leaders
International Paper Company
Eastern Pak Limited
Mondi Group
Smurfit Kappa Group
DS Smith PLC
*Disclaimer: Major Players sorted in no particular order
