Packaging Industry Today

Top Plastic Packaging Companies in the World - IMARC Group

As per the analysis by IMARC Group, the top companies in the plastic packaging industry are focusing on introducing sustainable product variants using bioplastics due to the growing environmental concerns.
Published 08 May 2024

Plastic Packaging Market Overview:

The global plastic packaging market size reached US$ 376.2 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 516.3 Billion by 2032, exhibiting a growth rate (CAGR) of 3.58% during 2024-2032.

Plastic Packaging Companies/Manufacturers

Plastic packaging comprises containers and wrapping materials created from various plastic materials. It includes anything from food products to electronic devices to be safeguarded, transported, and brought to market with the aid of such a versatile and cost-effective solution. Due to its outstanding durability and resistance to impact, plastic is instrumental in expanding the shelf life of perishables and protecting goods from damage and draining during transit or storage. Packaging can also come in the form of bottles, bags, pouches, trays, and films. The versatility allows for using plastic in a variety of ways and places, thus supporting a diverse array of industries. For instance, advancements in plastic packaging technology have resulted in the discovery of biodegradable and recyclable plastics for long-term use. This has also become a factor in the ease with which various plastics can replicate different market requirements. At present, plastic packaging is gaining immense traction across the globe as the use of plastic provides the ease of shaping the packaging in any form due to the barrier feature.

Top Plastic Packaging Companies List:

  1. ALPLA-Werke Alwin Lehner GmbH & Co. KG
  2. Amcor plc
  3. Anchor Packaging LLC
  4. Berry Global Inc.
  5. Honeywell International Inc.
  6. Huhtamäki Oyj
  7. Mondi plc
  8. Printpack
  9. Sealed Air Corporation
  10. Sonoco Products Company
  11. Winpak Ltd.

Request the Sample Report:

Some of the leading companies in the packaging market include ALPLA-Werke Alwin Lehner GmbH & Co. KG, Amcor PLC, Anchor Packaging LLC, and Berry Global Inc. Several factors drive these manufacturers and contribute to their leading position in the market. One of the most impactful ones is constant innovation since the manufacturers are pushed to create new materials and technology solutions that would make their packaging functional and sustainable. Moreover, the market constantly demands more ecological and adaptable product packages. These companies also benefit from the growing demand in the food & beverages, pharmaceuticals, and personal care sectors, where packaging plays a significant role in the safety and effectiveness of the product. Moreover, the growth in the world economy leads to an increase in consumer spending in many countries, which elevates the demand for products across the market, including packaging. ALPLA-Werke Alwin Lehner GmbH & Co. KG has recently expanded its activity to enhance its global presence through large-scale mergers, and the same is true for Amcor PLC. This allows the companies access to the large worldwide clientele and permits them to react to regional market needs on time.

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