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Top 5 Packaging Companies Worldwide 2020

Packaging is the final commitment for a smooth supply of products for all companies to its customers. This process is a matter of concern for many manufacturing and retail units ranging from glassware to steel. We can trail back to ancient era when packing was very simply arranged in bota bags, wooden boxes or ceramic vases etc. The packaging in cardboard boxes as we know it started back in 1817.  

There has been much advancement within the sector after the World War II as supplies were supposed to reach far countries sometimes under severe weather and storage conditions.

The growing demand for packaged food in developed countries owing to quickening of pace of life and changing eating habits is having a major impact. It is expected that the global food packaging market is going to touch USD 606.3 billion by 2026, exhibiting a CAGR of 5.6% during the forecast period as per Fortune Business Insights. E-commerce business is also increasing the need for packaging.

 

According to to market research firm, Technavio, the packaging market size has the potential to grow by $278.59 billion during 2019-2023.

There are many conglomerates offering tailored packaging solution worldwide. Here are the top 5 recognised companies by major industry leaders. 

Crown Holdings

Crown Holdings known as “Brand-Building Packaging” offers innovative packaging solutions and it is one of the world’s top packaging leaders for metal packaging technology. With operations in 47 countries, 33,000 employees, and net sales of $11.7 billion, the company is uniquely positioned to bring best practices in quality and manufacturing to growing economies in Asia, Eastern Europe, South America, and the Middle East and North Africa.

Their sustainable and earth friendly latest innovation The EarthSafe™ Dispensing System  uses eco-safe nitrogen as a propellant instead of hydrocarbons, eliminating a source of greenhouse gases.

Mondi

Mondi plc has made various acquisitions for the past 10 years across the globe. Powerflute and Uralplastic are the latest comers under the group. Mondi is considered an international packaging and paper group, employing around 26,000 people across more than 30 countries. Its key operations are located in central Europe, Russia, North America, and South Africa.

Mondi is also working closely with QIAGEN to understand how best to ensure test kits are packaged safely. It has developed packaging for SARS-CoV-2 coronavirus test kit supply of essential products during the COVID-19 outbreaK.

Smurfit Kappa

Smurfit Kappa is a FTSE 100 company and one of the leading providers of paper-based packaging in the world, with operations in 35 countries. The company develops and implements all its products thanks to a network of paper, recycling, and forestry operations.

The company has over 64000 customers worldwide and has Smart applications and machine systems expertise – ShelfSmartSupplySmarteSmart   and  Machine Systems 

It has provided profitable packaging solutions to companies such as Segafredo, an Italian coffee brand. In this very case the plastic shrink wrap was replaced 100% recyclable paper based packaging with an impactful design for a long lasting customer experience.  

Amcor

Amcor has a wide range of tailored packaging solutions and works with leading companies around the world. It is a global leader in developing and producing responsible packaging for food, beverage, pharmaceutical, medical, home, personal-care and tobacco industries. It generates US$13 billion in sales from operations across 40 plus countries.

Amcor employees have also supported local communities during the Covid-19 outbreak by providing masks, plastic bottles, PPE Equipment and providing the medical –gown making machines which were sitting idle in storage. To find out more about their support click here

International Paper

International Paper has been awarded Fortune Magazine World’s Most Admired Companies® 2020 for 17 years as it is a leading producer of fiber-based packaging, pulp and paper, with more than 52,000 employees and more than 25,000 customers in 150 countries. The company responsibly uses renewable resources to make recyclable products that millions of people depend on every day.

Future Trends

All the markets across the globe have seen a fall down in sales and development strategies annulled due to the COVID-19 outbreak. However the growing need for home deliveries, fast paced lifestyle and surge of online retailers will still have a big impact on packaging resources. We will see the top packaging leaders in the world to promote and create more products for ecommerce players for 2021.