There is increasing demand for packaging due to a shift in consumption behavior across the globe as a result of a growing middle class as well as a growing elderly population. Today’s consumers are looking for three main qualities in their packaged products, especially when it comes to food product packaging: convenience, ease of use, and ease of transport. Retailers are seeking similar qualities, in addition to packaging that provides longer shelf-life. With greater demand comes greater market opportunity, and with a highly competitive vendor landscape, the global packaging market is poised to experience steady growth in the next five years. The market, is expected to accelerate steadily over the next few years, with an incremental growth of nearly $165 billion.
The global packaging market size has the potential to grow by $278.59 billion during 2019-2023. To see more detailed information about the global packaging industry, top packaging companies, and packaging industry trends, check Technavio’s Global Packaging Market Report 2019-2023, or request your Free Packaging Market Report Sample Now!
Top Packaging Companies in the World 2020
Amcor is a global leader in responsible global packaging solutions, supplying a broad range of rigid and flexible packaging products to the food, beverage, healthcare, home, personal care, and tobacco packaging industries. World-renowned innovation and customer service have seen Amcor expand from its Australian roots to now serve markets around the globe.
Ball Corporation is a provider of metal packaging for beverages, foods, and household products, and of aerospace and other technologies and services to commercial and governmental customers. Founded in 1880, the company employs 15,000 people worldwide. Ball Corporation stock is traded on the New York Stock Exchange under the ticker symbol BLL.
Crown Holdings is one of the world’s top packaging companies for metal packaging technology. With operations in 40 countries, 23,000 employees, and net sales of $9.1 billion, the company is uniquely positioned to bring best practices in quality and manufacturing to growing economies in Asia, Eastern Europe, South America, and the Middle East and North Africa.
International Paper is a leading global producer of packaging, paper, and pulp, with 55,000 employees operating in 24 countries. The company responsibly uses renewable resources to make recyclable products that millions of people depend on every day.
Mondi is an international packaging and paper group, employing around 25,000 people across more than 30 countries. Its key operations are located in central Europe, Russia, North America, and South Africa. Mondi is integrated across the packaging and paper value chain, from managing forests and producing pulp, paper and compound plastics to developing effective and innovative industrial and consumer packaging solutions.
As the world’s leading glass container manufacturer, Owens-Illinois has more than a century of experience crafting pure, sustainable, brand-building glass packaging for many of the world’s best-known food and beverage brands. The company provides high-quality glass packaging for beer, wine, spirits, food, non-alcoholic beverages, cosmetics, and pharmaceuticals.
Reynolds Group Holdings Limited is a leading global manufacturer and supplier of consumer beverage and foodservice packaging products. The company is based in Auckland, New Zealand.
Founded in 1957, Sealed Air is one of the world’s top packaging companies, and is now a multinational corporation with over 25,000 employees serving 175 countries. The company strives to be a global leader in food safety and security, facility hygiene, and product protection.
Smurfit Kappa is a world leading producer of paper-based packaging with around 45,000 employees across 34 countries and sales of €8.1 billion in 2015. The company manufactures paper-based packaging, with its locations supported by a network of paper, recycling, and forestry operations.
Stora Enso is a leading provider of renewable solutions in packaging, biomaterials, wooden constructions, and paper for global markets. Its customers include publishers, retailers, brand owners, print and board producers, printing houses, merchants, converters and joineries, and construction companies.
WestRock has a long history of entrepreneurship, leadership, and innovation. That history includes game-changing developments in papermaking, packaging design, and retail solutions. With operations around the world and expertise in every shopping category, WestRock focuses on working with brands to help them win across the board by providing an unbeatable portfolio of paper and packaging products.
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Other Top Packaging Companies
Bemis Manufacturing Company was founded in 1901. Headquartered in Sheboygan Falls, Wisconsin, U.S.A., it has grown to become an innovative international manufacturer serving markets worldwide. Bemis serves consumer, commercial, medical and industrial markets worldwide and have over 1,600 employees located in six countries around the world.
Berry Plastic’s history is rich in product innovation, customer focus, and strategic growth. With roots as a small company based in Evansville Indiana, Berry Plastics has grown into a global, publicly traded, multi-billion dollar public corporation and leading manufacturer of innovative packaging protection solutions.
A leading international manufacturing company, Coveris is dedicated to providing solutions that enhance the safety, quality and convenience of everyday products. In partnership with some of the most respected brands in the world, Coveris develops vital products that protect everything from food to medical supplies to touch screen devices.
DS Smith is a leading provider of corrugated packaging in Europe and is present in 36 countries, employing around 26,000 people. The company’s story can be traced back to the box-making businesses started in the 1940s by the Smith family in East London.
Graphic Packaging is a leader in the packaging industry, serving hundreds of the world’s most recognized brands. The company’s focus on customer service has made it one of the world’s largest manufacturers of folding cartons, unbleached paperboard, coated recycled board, microwave packaging, and machinery.
Packaging Corporation of America
Packaging Corporation of America has been built on the devotion and cooperation of its customers and its people. As the company has grown, it has maintained one particular focus: to deliver world-class containerboard and packaging solutions.
Rexam is a leading global beverage can maker. The company makes a range beverage cans in four main regions: Europe, North America, South America, and the Middle East. 40% of its sales come from faster growing and emerging markets.
Established in the UK in 1991, RPC Group is today a £2bn global design and engineering company specializing in polymer conversion in packaging and non-packaging markets, with centres of excellence worldwide.
As the largest provider of metal food packaging in the United States, Silgan Containers is trusted by America’s most respected brands. Silgan was founded in 1987, acquiring its first self-make can operation from Carnation Company.
Suggested Read: Top Packaging Trends Leading the Global Packaging Industry
Future Trends for the Top Packaging Companies in the World
Tthe growing popularity of online sales as a key driver of demand for packaging products in the global packaging market. The success and popularity of online shopping requires safe shipment of products. This compels online retailers and e-commerce companies to use different types of corrugated boxes and implement new packaging techniques. The top packaging companies around the world are also expected to seize this emerging trend, and launch new products with different packaging materials to meet the various packaging requirements for online shopping shipments, which will be another factor to fuel the growth of the global packaging market in 2020
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