Market Share of Japan Paper Packaging Industry
The market is moderately fragmented, with the presence of players, like DS Smith, Graphic Packaging, International Paper Company, Rengo, Sappi, and LimitedTetra Laval, that play vital roles in upscaling the rise in the demand, leveraging the declining demand for plastic packaging and customers' preference for paper-based packaging. To capture the market share, vendors are strategizing their business models by enhancing their product lines and engaging in collaborations and acquisitions, with a core focus on sustainability.
- November 2021: Nippon Paper Industries Co., Ltd. and Yousual Co., Ltd. are replaceable paper containers agreed to cooperate in expanding the business of "SPOPS," and SPOPS has been adopted in 6 of Yoursual daily necessities. At the same time, the two companies decided to carry out joint marketing of SPOPS for consumers and promote the consideration of strategy construction. Yousual aims to expand the SPOPS business by providing marketing knowledge, and Nippon Paper Industries provides technical knowledge and support.
- September 2021: Rengo Co., Ltd. announces that Vina Kraft Paper Co., Ltd., its joint venture in Vietnam, has decided to construct a new production base for containerboard. With the newly constructed mill, Vina Kraft Paper will firmly establish its position as a market leader in the Vietnam containerboard market and aims for sustainable development and growth. Furthermore, it will also strengthen Vietnam's domestic integrated production system of containerboard to corrugated boxes.
Japan Paper Packaging Market Leaders
DS Smith
Graphic Packaging International, LLC
International Paper Company
Rengo Co., Ltd
Mondi Group
*Disclaimer: Major Players sorted in no particular order
