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Many of world’s leading packaging companies have enjoyed great success over the recent years, as the global packaging industry and its major segments, including smart packaging, flexible packaging, and product packaging are all growing at a rapid pace. The rising business for the world’s leading global packaging companies is also attributed to the increasing demand for packaging solutions in related booming industries, especially food and beverage, healthcare, automotive and construction.
According to the report from Technavio, the market size of the global packaging industry has surpassed US$ 600 billion since 2016, and is expected to reach $770.5 billion by 2020, registering an impressive CAGR of 5.6% during the five-year period. As the global packaging industry continues to grow for the world’s biggest packaging companies. In even bigger news, sales are expected to surpass $1 trillion in the global packaging market by 2020.
International Paper is one of the largest producers of fiber-based packaging products in the world, with annual revenue of about US$ 20 billion. International Paper now has over 55,000 employees operating in more than 24 countries. The company is also devoted to use renewable resources to make recyclable packaging products.
WestRock is an industrial leader in papermaking, packaging design and retail solutions. The company has specialties in making Containerboard, Corrugated Containers, Folding Cartons, Kraft Paper, Paperboard, Partitions and Protective Packaging etc. With over 45,000 employees, WestRock operates has more than 240 manufacturing facilities, design centers, research labs, and sales offices around the world.
Stora Enso is a leading provider of renewable solutions in packaging, biomaterials, wooden construction and paper in global markets. Stora Enso employs around 25,000 people and are publicly listed in Helsinki (STEAV, STERV) and Stockholm (STE A, STE R).
Reynolds Group Holdings Ltd is one of the world’s largest manufacturers and suppliers for consumer beverage and foodservice packaging products. The company operates through five segments: Evergreen, Closures, Reynolds Consumer Products, Pactiv Foodservice, and Graham Packaging. It has now over 30,000 employees around the world with headquarters in Auckland, New Zealand.
Amcor is one of the world’s largest providers of responsible packaging solutions, supplying a broad range of rigid & flexible packaging products in food, beverage, healthcare, home and personal care and tobacco packaging industries.
Smurfit Kappa is a world-leading producer of paper-based packaging products, the company registered a total US$ 9.3 billion revenue in 2016. Now Smurfit Kappa has around 45,000 employees and operates in 34 countries.
Crown Holdings is one of the world’s leading companies in metal packaging technology. The company specialized in Aerosol cans, beverage packaging, closure & capping, food cans and other packaging manufacturing and services. Now it has operations in 36 countries and employment of over 24,000 people.
Ball Corporation is a global leader in metal packaging for beverages, foods and household products, and of aerospace and other technologies and services to commercial and governmental customers. Founded in 1880, the company employs 15,000 people worldwide. Ball Corporation stock is traded on the New York Stock Exchange under the ticker symbol BLL.
Mondi Group is an international packaging and paper Group, employing around 25,000 people across more than 30 countries. The company has operations in an integrated value chain – from managing forests and producing pulp, paper, and compound plastics, to developing effective and innovative industrial and consumer packaging solutions.
Owens-Illinois is one of the world’s leading glass container manufacturers, it has more than a century of experience crafting pure, sustainable, brand-building glass packaging for many of the world’s best-known food and beverage brands. The company specializes in the supplying high-quality glass packaging for beer, wine, spirits, food, non-alcoholic beverages, cosmetics, and pharmaceuticals.
What do you think will be the outlook for the world’s biggest packaging companies in 2018?