Market Share of Food Packaging Industry
The food packaging market is fragmented, with the presence of a large number of vendors operating with extensive product offerings worldwide. Some of the major players in the market are Amcor PLC, Smurfit Kappa Group PLC, Mondi Limited, Sonoco Products, Berry Global Group, Ball Corporation, Tetra Pak, Schur Flexibles Group, Anchor Packaging Inc., Crown Holdings Inc., International Papers, WestRock, and Sealed Air Corp., among others. These players are witnessing strategic initiatives such as product launches, collaborations, mergers, acquisitions, and others.
- March 2024: Sealed Air Corporation (SEE) launched an innovative paper-based bottom web to help food processors and retailers reduce plastic usage and meet consumer demand for paper packaging. The new CRYOVAC brand Barrier Formable Paper, made from 90% FSC-certified fibers, can achieve a 77% reduction in plastic usage in bottom web packaging when replacing PET/PE webs, according to SEE.
- February 2024: Faerch Group, a manufacturer of rigid food packaging and an integrated recycling company, introduced its new Tumbler range for the foodservice market. This innovative range incorporates at least 30% post-consumer recycled (PCR) material. It offers various capacities and includes four standardized lid designs compatible with all tumblers, optimizing supply chains and enhancing user experience. The Tumbler range is designed for continuous recycling into new food packaging, ensuring safety and functionality.
- October 2023: Charoen Pokphand Foods Public Company Limited (CP Foods) collaborated with SCG Packaging PLC (SCGP) and SCG Chemicals PLC (SCGC) to develop sustainable and eco-friendly food packaging solutions. This collaboration, formalized through a memorandum of understanding (MoU), aims to innovate in pulp and polymer-based packaging with SCGP and green polymer-based plastic solutions with SCGC.
Food Packaging Market Leaders
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Amcor Plc.
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Smurfit Kappa Group plc.
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Mondi Limited
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Berry Global Group
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Sealed Air Corp.
*Disclaimer: Major Players sorted in no particular order
