The international packaging market, valued at $589.9 billion in 2015, will certainly reach $770.5 billion by 2020, with a CAGR of 5.6%.
There is raising need for packaging because of a change in usage actions around the world as a result of an expanding middle course as well as an expanding elderly populace. Today's consumers are seeking three primary qualities in their packaged items, specifically when it involves foodstuff packaging: ease, ease of usage, and also convenience of transport. Stores are seeking similar top qualities, in addition to product packaging that gives longer shelf-life. With greater demand comes better market chance, and with a very competitive vendor landscape, the worldwide packaging market is positioned to experience stable growth in the following 5 years. The market, is anticipated to accelerate gradually over the next few years, with a step-by-step growth of virtually $165 billion..
The worldwide product packaging market size has the potential to expand by $278.59 billion during 2019-2023. To see even more in-depth information regarding the global product packaging industry, leading product packaging business, and also product packaging sector patterns, 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.
Amcor is an international leader in liable global product packaging remedies, providing a wide variety of inflexible and also versatile product packaging products to the food, beverage, medical care, home, personal care, and cigarette product packaging industries. World-renowned development and customer care have actually seen Amcor increase from its Australian roots to now serve markets around the globe.
Sphere.
Sphere Corporation is a service provider of metal packaging for beverages, foods, and also house items, and also of aerospace as well as other innovations and services to commercial as well as governmental consumers. Established in 1880, the business uses 15,000 people worldwide. Sphere Corporation supply is traded on the New York Stock Exchange under the ticker sign BLL.
Crown Holdings.
Crown Holdings is one of the world's top packaging firms for steel packaging innovation. With procedures in 40 nations, 23,000 workers, and also internet sales of $9.1 billion, the firm is uniquely positioned to bring best methods in top quality and also manufacturing to expanding economic situations in Asia, Eastern Europe, South America, as well as the Middle East and North Africa.
International Paper.
International Paper is a leading global producer of product packaging, paper, and also pulp, with 55,000 employees running in 24 nations. The firm sensibly makes use of renewable energies to make recyclable items that countless individuals depend on each day.
Mondi.
Mondi is a worldwide product packaging as well as paper team, utilizing around 25,000 individuals throughout greater than 30 countries. Its crucial procedures are located in main Europe, Russia, North America, as well as South Africa. Mondi is integrated across the product packaging and paper value chain, from managing forests and also creating pulp, paper as well as compound plastics to developing effective and innovative industrial and also customer product packaging services.
Owens-Illinois.
As the globe's leading glass container producer, Owens-Illinois has more than a century of experience crafting pure, sustainable, brand-building glass product packaging for a number of the globe's best-known food and drink brand names. The firm supplies high-quality glass packaging for beer, red wine, spirits, food, non-alcoholic beverages, cosmetics, as well as drugs.
Reynolds Group.
Reynolds Group Holdings Limited is a leading worldwide supplier and vendor of personalized plastic packaging consumer beverage as well as foodservice product packaging items. The firm is based in Auckland, New Zealand.
Sealed Air.
Founded in 1957, Sealed Air is just one of the globe's leading product packaging companies, and also is now a multinational corporation with over 25,000 workers offering 175 nations. The company strives to be an international leader in food security and also protection, center health, and also item protection.
Smurfit Kappa.
Smurfit Kappa is a world leading manufacturer of paper-based packaging with around 45,000 staff members across 34 countries and also sales of EUR8.1 billion in 2015. The company makes paper-based product packaging, with its areas sustained by a network of paper, reusing, and forestry procedures.
Stora Enso.
Stora Enso is a leading carrier of renewable services in packaging, biomaterials, wooden constructions, as well as paper for global markets. Its customers consist of publishers, merchants, brand name proprietors, print and also board manufacturers, publishing houses, sellers, converters as well as joineries, and construction companies.
Sunkey Packaging.
Sunkey Packaging has a lengthy background of entrepreneurship, leadership, and innovation. That background includes game-changing advancements in papermaking, packaging design, and retail solutions. With operations worldwide as well as competence in every shopping group, Sunkey Packaging concentrates on collaborating with brands to aid them win throughout the board by offering an unequalled profile of paper and also packaging items.