Market Share of Packaging Industry in China
The competitive rivalry in the plastic packaging industry is low, owing to the presence of some key players like Amcor PLC, Mondi PLC, Sealed Air Corporation, Transpak Inc., and Tetra Pak International SA. Companies can gain a competitive advantage over their competitors with the ability to constantly innovate products and introduce new products in the market that support their growth. Significant investment in research and development activities and strategic mergers and acquisitions have allowed the companies to gain a strong foothold in the market.
- August 2022: Amcor added a new facility to its network of innovation centers in Jiangyin, China. Customers in the area may now leverage Amcor's expertise to hasten the development of ecologically friendly packaging solutions because of the new plant in China. The new center would provide packaging technology and more environmentally friendly material science to Asia-Pacific, supporting regional prosperity and innovation.
- May 2022: A deal has been made for the US investment group Carlyle to acquire all of the shares of the Chinese cosmetic packaging manufacturer HCP Packaging (HCP). HCP, which has its headquarters in Shanghai, has ten production and manufacturing sites in China, the United States, Mexico, and Europe. HCP also invests in and conducts research into sustainable packaging solutions. The investment company would use its industry expertise in the industrial and consumer sectors to speed up HCP's operations and widen its client base.
China Packaging Market Leaders
Sealed Air Corporation
Tetra Pak International SA
Mondi PLC
TransPak, Inc
Amcor PLC
*Disclaimer: Major Players sorted in no particular order
