Market Share of Paper Packaging Industry
The paper packaging market is fragmented. It is a highly competitive market with several players like International Paper, Mondi, Smurfit Kappa, and more in the market. There is no dominant player present in the market. The companies keep innovating and entering into strategic partnerships to retain their market share.
- December 2022 - WestRock Company announced that it had successfully acquired Grupo Gondi's remaining interest for USD 970 million plus debt assumption. The Grupo Gondi acquisition includes four paper mills, nine corrugated packaging facilities, and six high graphic facilities throughout Mexico. These facilities produce sustainable packaging for a variety of regional end markets. The company's dominant position in the expanding corrugated packaging, consumer goods, paperboard, and containerboard markets in Latin America will be strengthened by this acquisition.
- July 2022 - Mondi successfully developed and introduced a new recyclable paper packaging for a premium Italian pasta brand in collaboration with FioriniInternational, a primary converter and packaging company with headquarters in Italy. The brand and product-related information may be effectively communicated with the help of the new pasta bag, which also includes excellent runnability on filling equipment.
Paper Packaging Market Leaders
International Paper Company
Smurfit Kappa Group
DS Smith PLC
*Disclaimer: Major Players sorted in no particular order