Top Industry Leaders in the Paper Paperboard Packaging Market
The paper and paperboard packaging market is set for robust growth, but competition remains fierce. Let's delve into the key players, their strategies, and the factors influencing market share, along with a glimpse into recent industry developments.
Factors Influencing Market Share:
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Product Innovation: The ability to develop functional, lightweight, and aesthetically pleasing paperboard packaging remains crucial. Mondi's collaboration with FRESH! PACKING for a 2.5x more efficient cooler bag exemplifies this focus on innovation. -
Geographical Expansion: Entering emerging markets with high growth potential, like Southeast Asia and Latin America, is a key strategy. PCA, for example, has invested in expanding its operations in Mexico. -
Strategic Partnerships: Collaborations with technology providers and material suppliers unlock new opportunities. International Paper's partnership with Stora Enso for high-performance containerboard is a prime example. -
Sustainability Initiatives: Implementing sustainable practices like closed-loop recycling and reducing carbon footprint is becoming a market imperative, attracting environmentally conscious consumers and investors.
Key Players
- Amcor Ltd. (Australia)
- ITC Ltd. (India)
- Cascades Inc. (Canada)
- RockTenn Company (U.S.)
- Clearwater Paper Corporation (U.S.)
- Packaging Corporation of America (U.S.)
- DS Smith Plc. (U.K.)
- Mondi Group (South Africa)
- Metsa Group (Finland)
- Nippon Paper Industries Co., Ltd. (Japan)
- Georgia-Pacific LLC (U.S.)
- Spartan Paperboard Company (U.S.)
- Stora Enso Oyj (Finland)
- Sonoco Products Company (U.S.)
- Colbert Packaging (U.S.)
Recent Developments :
September 2022: Smurfit Kappa has agreed to purchase Paperbox, a packaging facility in Brazil. The company's footprint in the nation will be enhanced by this purchase, which will also increase manufacturing capacity, enabling the company to continue developing new business prospects and client alliances.
April 2022: DS Smith has created a corrugated cardboard box for shipments of medical devices made through online commerce. The corrugated cardboard box employs a single-material approach instead of glued packaging with a single-use plastic insert. Furthermore, the packaging is created to be readily recyclable and enhance environmental protection along the supply chain.
In January 2023, Napco National Paper Products Company unveiled its packaging solutions, including corrugated packaging solutions, during the 2022 International Dates Conference & Exhibition. The exhibition took place at Riyadh International Convention & Exhibition Centre, Saudi Arabia.
Graphic Packaging based on Fiber introduced its latest product, coated recycled paperboard (CRB), for commercial packaging purposes in August 2023.
Omya revealed plans to invest in calcium carbonate production at seven locations across the Asia Pacific in April 2023 for its long-term partners in the paper and board sector.
As of June 2021, Nippon Paper’s targeted growth businesses include packaging, chemicals, energy, wood, domestic paper and healthcare. It was seen as an environmentally friendly material, especially for packaging companies like the company.
In April 2022, Meyr-Melnhof Group, an Austrian distributor of folding cartons and carton boards, acquired all shares in Swedish pharmaceutical packaging firm Eson Pac.