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 enhancing demand for packaging due to a shift in usage habits around the world as a result of an expanding middle class in addition to an expanding senior population. Today's customers are seeking 3 major top qualities in their packaged items, specifically when it comes to foodstuff packaging: comfort, convenience of use, and also simplicity of transportation. Sellers are looking for comparable high qualities, in addition to packaging that offers longer shelf-life. With greater demand comes greater market chance, as well as with a very competitive supplier landscape, the worldwide packaging market is positioned to experience stable growth in the next 5 years. The marketplace, is anticipated to speed up gradually over the next few years, with a step-by-step development of almost $165 billion..
The worldwide packaging market dimension has the prospective to expand by $278.59 billion during 2019-2023. To see even more comprehensive information about the worldwide packaging market, leading packaging business, and product packaging sector trends, inspect Technavio's Global Packaging Market Report 2019-2023, or request your Free Packaging Market Report Sample Now!
Leading Packaging Companies in the World 2020.
Amcor.
Amcor is a global leader in responsible global packaging options, supplying a broad series of stiff as well as flexible product packaging products to the food, beverage, medical care, house, personal care, and also tobacco packaging sectors. World-renowned development and also client service have actually seen Amcor expand from its Australian roots to now serve markets around the world.
Ball.
Sphere Corporation is a company of metal product packaging for beverages, foods, as well as house items, and of aerospace and also various other technologies as well as solutions to product packaging supplies commercial and also governmental consumers. Founded in 1880, the firm employs 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 among the world's top product packaging companies for steel product packaging technology. With procedures in 40 nations, 23,000 employees, and also internet sales of $9.1 billion, the company is distinctively placed to bring best techniques in quality and also making to growing economies in Asia, Eastern Europe, South America, and the Middle East as well as North Africa.
International Paper.
International Paper is a leading global producer of product packaging, paper, as well as pulp, with 55,000 workers running in 24 countries. The firm sensibly uses renewable energies to make recyclable products that numerous individuals depend upon every day.
Mondi.
Mondi is a global packaging as well as paper team, employing around 25,000 individuals throughout greater than 30 countries. Its vital procedures are located in main Europe, Russia, North America, as well as South Africa. Mondi is integrated across the packaging as well as paper worth chain, from managing woodlands and also producing pulp, paper and substance plastics to creating effective and also ingenious industrial as well as consumer packaging options.
Owens-Illinois.
As the world's leading glass container supplier, Owens-Illinois has greater than a century of experience crafting pure, sustainable, brand-building glass packaging for much of the globe's best-known food and beverage brand names. The company supplies high-grade glass product packaging for beer, wine, spirits, food, non-alcoholic drinks, cosmetics, and also pharmaceuticals.
Reynolds Group.
Reynolds Group Holdings Limited is a leading international producer as well as distributor of consumer beverage and also foodservice packaging items. The firm is based in Auckland, New Zealand.
Sealed Air.
Founded in 1957, Sealed Air is just one of the globe's top product packaging companies, and is now an international corporation with over 25,000 workers serving 175 countries. The business makes every effort to be a worldwide leader in food safety and security and security, facility health, and item protection.
Smurfit Kappa.
Smurfit Kappa is a world leading manufacturer of paper-based packaging with around 45,000 employees throughout 34 countries as well as sales of EUR8.1 billion in 2015. The firm makes paper-based product packaging, with its areas supported by a network of paper, reusing, and also forestry procedures.
Stora Enso.
Stora Enso is a leading company of sustainable remedies in product packaging, biomaterials, wooden constructions, as well as paper for global markets. Its customers include authors, sellers, brand name owners, print and board producers, printing houses, vendors, converters and joineries, and also construction firms.
Sunkey Packaging.
Sunkey Packaging has a lengthy history of entrepreneurship, management, as well as development. That background consists of game-changing advancements in papermaking, product packaging design, as well as retail services. With operations all over the world and proficiency in every shopping classification, Sunkey Packaging concentrates on working with brands to help them win throughout the board by giving an unequalled profile of paper as well as product packaging products.