Market Share of Industrial Packaging Industry
The industrial packaging market is highly fragmented, with numerous international, regional, and local vendors. Local manufacturers of industrial packaging products cater to unique, innovative solutions at a lower price than international vendors, resulting in an intense price battle.
- In January 2024, Greif Inc., one of the global leaders in industrial packaging products and services, and IonKraft, a barrier technology company specializing in plasma-based coatings, announced a new pilot-project partnership. The collaboration focuses on revolutionizing the challenges of recyclability and sustainability in plastic jerrycan packaging that requires an additional barrier solution.
- In July 2023, Mondi, a leader in the packaging and paper industry, announced an investment of EUR 16 million in new technology to produce a new packaging range called Functional Barrier Paper Ultimate. The solution aims to meet the growing customer demand for sustainable packaging that contributes to a circular economy.
Industrial Packaging Market Leaders
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WERIT Kunststoffwerke W. Schneider GmbH & Co.
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Mondi Plc
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Greif Inc.
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Mauser Packaging Solutions
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Global-Pak Inc.
*Disclaimer: Major Players sorted in no particular order
