Amcor Limited (Australia) and Mondi Group (UK) are the Major Players in the Flexible Paper Packaging Market
The global flexible paper packaging market size is projected to grow from USD 64.4 billion in 2021 to USD 79.1 billion by 2026, at a Compound Annual Growth Rate (CAGR) of 4.2% during the forecast year. According to the Flexible Packaging Association, flexible packaging is any package or any part of a package whose shape can be readily changed. Flexible paper packaging is lighter in weight, cost-efficient, and uses less material as compared to other forms of packaging.
The flexible paper packaging market has thousands of companies which thrive in their domestic market. A few of the major players are as Amcor Limited (Australia), Mondi Group (UK), Sonoco Products Company (US), Sealed Air Corporation (US), Huhtamaki OYJ (Finland), Sappi Global (South Africa), DS Smith (UK), Coveris Holding SA (UK), Sabert (US), Wihuri (Finland), among others. These players have adopted various growth strategies, such as mergers & acquisitions, investments & expansions, agreements, partnerships & joint ventures, and new product developments, to increase their market shares and enhance their product portfolios.
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Acquisitions and joint ventures accounted for the largest share of all the strategic developments that took place in the flexible paper packaging market between 2016 and 2020. Key players such as Amcor Limited, Mondi Group, Sonoco Products Company, Sealed Air Corporation, Huhtamaki OYJ, adopted this strategy to enhance their business, market presence, to develop new products and meet consumer demand.
Amcor Limited was formerly known as Australian Paper Manufacturers (APM) and changed its name to Amcor Limited in May 1986. The company is a global packaging manufacturer that offers innovative packaging solutions for healthcare and medical devices. It offers plastic, packaging film, metal, and glass packaging for several industries such as beverage, food, medical, household, industrial goods, pharmaceuticals, and tobacco. Amcor classifies its operations into two segments: flexibles and rigid plastics. The company offers flexible paper packaging under the flexibles segment. Amcor’s flexibles business has a global presence and is one of the world’s largest developers and suppliers of flexible packaging and specialty folding cartons. The business develops and produces flexible packaging for food, beverage, pharmaceutical, medical, home, and personal care, and other products. The company has operations in 43 countries in Europe and North America, and in emerging countries such as India and China with more than 225 operating sites.
Mondi Group is a leading global integrated packaging and paper group. It is a leading producer of paper and plastic solutions. It operates through the following segments: corrugated packaging, flexible packaging, engineered materials, and uncoated fine paper. The company provides flexible paper packaging under the flexible packaging business. Mondi won five awards at the WorldStar Packaging Awards 2020. The company serves various end-use industries such as FMCG and consumer products, e-commerce, retail, automotive, heavy-duty, food service, construction, and agriculture. The company operates through 100 production sites across more than 30 countries worldwide with key operations located in Europe, North America, and Africa.
Related Reports:
Flexible Paper Packaging Market by Packaging Type (Pouches, Roll Stock, Shrink Sleeves, Wraps), Printing Technology (Rotogravure, Flexography, Digital Printing), embellishing type (Hot Coil, Cold Coil), Application, and Region - Global Forecast to 2026
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