Technavio (London, U.K.) announced the top 10 expected leading vendors for the global packaging market from 2016-2020 in their latest research report this past week. To identify the top vendors, Technavio’s market research analysts have considered the top contributors to the overall revenue of this market. To calculate the market size, the report considers the revenue generated through the sales of different types of packaging materials.

"Customer convenience has become a priority for most of the vendors in the global packaging market. While many consumer goods packaging companies are planning to launch innovative products, about 30% of these companies are focusing on new packaging designs or redesigning the existing packaging. The millennial population, especially working professionals with busy schedules, look for convenience in everyday products, especially food, beverages, and toiletries," said Sharan Raj, one of Technavio’s lead analysts for packaging research.

 

According to a Technavio blog post from June 16, the global packaging market is poised to experience steady growth in the next five years. The market, valued at $589.9 billion in 2015, will reach $770.5 billion by 2020, growing at a CAGR of 5.6% 

 

 

Top 10 leading vendors in the global packaging market:

Amcor was incorporated in 1926 and is headquartered in Hawthorn, Victoria, Australia. The company supplies a wide range of rigid and flexible packaging products, specifically for the beverage, food, personal and home care, and healthcare, along with tobacco industries. The company operates over 190 sites in 43 countries and employs over 29,000 people. For FY2015, the company generated revenue of $9.61 billion.

Ball was founded in 1880, with its headquarters is located in Broomfield, Colo., USA. The company, along with its subsidiaries, manufactures metal packaging products for the food, beverage, and household industries. It also designs, develops, and manufactures innovative aerospace systems through its aerospace and technologies segment. Ball announced the acquisition of Rexam, and it is subject to approval by regulatory authorities. For FY2015, the company generated revenue of $7.99 billion.

International Paper was incorporated in 1941 and is headquartered in Memphis, Tenn., USA. The company is a paper and packaging company with the main market and manufacturing operations located in North America, Latin America, Russia, Europe, Asia, Africa, and the Middle East. The company manages 24 pulp, paper, along with packaging mills; 16 recycling plants; 169 converting and packaging plants; and three bag facilities in the U.S. It also operates 16 pulp, paper, and packaging mills; 67 converting and packaging plants; and two recycling plants across Europe, Asia, Africa, India, Latin America, and South America.

Crown Holdings was founded in 1892 and is headquartered in Philadelphia, Pa.,, USA. It manufactures and sells packaging products for consumer goods. Its principal products include aluminum and steel cans for beverage, food, household and other consumer products; metal vacuum closures and caps; and glass bottles for beverage products. At the end of December 2015, the company had 147 plants along with the sales and service facilities throughout 37 countries. For FY2015, the company generated revenue of $8.8 billion.

Founded in 1986, Owens-Illinois (formerly NICE Systems) is headquartered in Ra'anana, Israel. The company provides integrated digital recording and management solutions to its customers. Qognify's solutions help organizations capture and analyze big data to anticipate and mitigate security and safety risks, maintain business continuity, and streamline operations. The company operates its business through three segments: customer interaction solutions, security solutions, and financial crime and compliance solutions.

Reynolds Group Holdings is headquartered in Auckland, New Zealand. It is one of the leading global manufacturers and suppliers of consumer beverage and food service packaging products and storage products. The company's key product portfolio includes foodservice packaging, aseptic carton packaging, food and beverage plastic containers, waste and storage products, caps and closures, cooking products, carton packaging, tablewares, liquid packaging board, paper products, automotive lubricant containers, and personal care containers. In FY2015, the company generated revenue of $11.18 billion.

Sealed Air was founded in 1960 and is headquartered in Charlotte, N.C., US. The company offers products and solutions for food safety and security, facility hygiene, and product protection. Its offerings are used for food and beverage processing, retail, foodservice, healthcare and industrial, and commercial and consumer applications. As of December 31, 2015, the company employed about 23,000 people and is present in 62 countries with a distribution and sales network reaching about 169 countries. For FY2015, the company generated revenue of $7.03 billion.

Smurfit Kappa was founded in 2005 (following the merger of the Jefferson Smurfit Group and Kappa Packaging) and is headquartered in Dublin, Ireland. The company manufactures and markets paper-based packaging products. It offers containerboard, corrugated containers, and other paper-based packaging products, such as solid board, graphic board, and bag-in-box. The company owns 34 mills (including 27 that produce containerboard), 50 recovered fiber facilities, 229 packaging converting plants, 31 other production facilities, and 103,000 hectares of Latin American forest plantations. For FY2015, the company reported revenue of $8.99 billion.

Stora Enso was founded in 1998 and is headquartered in Helsinki, Finland. The company offers renewable solutions for the biomaterials, packaging, wood, and paper industries worldwide. The company employs around 26,000 people in more than 35 countries worldwide. The company was formed through the merger of Enso and Stora Kopparbergs Bergslags Aktiebolag. The company's annual production capacity is 6.4 million metric tons of paper, 5.7 million metric tons of chemical pulp, 1.3 billion sq. meters of corrugated packaging, and 5.2 million cubic meters of sawn wood products. For FY2015, the company generated revenue of  $11.14 billion.

WestRock was incorporated in 2015 and is headquartered in Norcross, Ga., USA. The company is a global packaging company focused on operational excellence and customer innovation. It is a merger between two leading packaging companies, namely Rock-Tenn and MeadWestvaco. It has more than 275 operating and business locations worldwide.

 

More information can be found by requesting a sample or by accessing the full report, now available for purchase.