The global plastic packaging market is expected to grow at a CAGR of 4.67% during the forecast period (2022-2027). Plastic packaging is manufactured using polypropylene (PP), polyethylene (PE), polyethylene terephthalate (PET), polyvinyl chloride (PVC), polystyrene (PS), and expanded polystyrene (EPS) materials. It is widely used to preserve, protect, store, pack, and transport various products, such as cosmetics, meat, dairy products, and carbonated and non-carbonated alcoholic beverages. It is available in flexible and rigid packaging solutions, including trays, wraps, jars, bottles, films, pouches, containers, and cups. It offers several benefits, such as versatility, durability, lightweight, tensile strength, and cost-effectiveness. As a result, plastic packaging finds extensive applications across the healthcare, cosmetics and personal care, and food and beverage (F&B) industries.
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. They are also developing eco-friendly and sustainable packaging solutions that reduce toxic waste, conserve natural resources, and minimize plastic pollution. Besides this, the leading manufacturers are launching innovative plastic packaging products, such as active packaging, modified atmosphere packaging, edible packaging, and bioplastic packaging, which is anticipated to expand product applications across numerous end-use sectors. Additionally, several key players are adopting merger and acquisition (M&A) strategies to expand their manufacturing capabilities, product portfolio, and geographical footprint. Furthermore, the emergence of heat-resistant packaging material, the rising usage of new filling technologies, and extensive investments in research and development (R&D) activities are some of the other factors anticipated to propel the market growth.
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Top Plastic Packaging Companies and Manufacturers Across the World:
ALPLA-Werke Alwin Lehner GmbH & Co. KG
Headquarters: Vorarlberg, Austria
ALPLA-Werke Alwin Lehner GmbH & Co. KG is a global leader in the development and manufacturing of innovative packaging solutions. It offers advanced packaging systems, bottles, caps, and injection-molded parts for various industries, including food, beverage, pharmaceutical, oil and lubricant, and beauty and personal care. The company’s business activities are founded on sustainability and the climate-friendly use of resources. It has over 25 years of experience in recycling and owns recycling plants to ensure that plastics remain in the materials cycle. With more than 22,100 employees across 45 countries in 177 production plants, the company produces high-quality plastic packaging for brands in a wide range of industries.
Headquarters: Zurich, Switzerland
Amcor PLC is a global leader in developing and manufacturing reliable packaging solutions for food and beverage, pharmaceutical, medical, home, personal care, and other products. It focuses on producing lightweight, reusable, and recyclable packaging products made from recycled content. It also offers an extensive range of flexible and rigid packaging, specialty cartons, closures, and services. Moreover, the company has over 46,000 employees working at 250 locations in more than 40 countries.
Anchor Packaging LLC
Headquarters: Missouri, United States
Anchor Packaging LLC offers quality food service packaging containers to restaurants, supermarkets, convenience stores, caterers, and bakeries. It manufactures and sells various packaging solutions, such as aluminum foil and roll cutter boxes, popup sheets, pans, lids, and containers. It also provides custom product development services. The company aims to become the global innovation leader in designing and manufacturing rigid food containers and all-purpose food service cling film. Currently, it is the 8th largest plastic packaging thermoformed in North America.
Berry Global Inc.
Headquarters: Indiana, United States
Berry Global Inc. is a leading manufacturer and marketer of plastic packaging products. The company offers innovative packaging and engineered products, serving some of the largest brands in the world. It primarily operates through four business segments, namely consumer packaging international, consumer packaging North America, engineered materials, and health, hygiene, and specialties. Its diversified product portfolio comprises agricultural films, drink cups, plates, bottles, prescription vials, bowls, jars, containers, lids, tubes, closures, baby diapers, feminine hygiene products, trash bags, tapes, adhesives, and other packaging products. It has over 300+ facilities across the globe and more than 47,000 employees.
DS Smith plc
Headquarters: London, United Kingdom
DS Smith plc is a British multinational packaging company that provides sustainable, plastic-free packaging, integrated recycling services, and paper products. It offers a wide range of packaging solutions and related services for the retail, e-commerce, and industrial sectors. Some of its other products include specialty papers, kraft liners, dual-use grades, coated papers, medium/fluting grades, and brown and white liners. It also extends recycling and waste management services for cardboard, paper, plastics, and coffee cups. Currently, the company operates in over 30 countries, employing around 30,000 people.
Honeywell International Inc.
Headquarters: North Carolina, United States
Honeywell International Inc. is an American multinational conglomerate corporation. It mainly operates in four business areas, namely aerospace, building technologies, performance materials and technologies, and safety and productivity solutions. The company offers several products for pharmaceutical, industrial, and specialty packaging applications, such as barrier and fluoropolymer films.
Headquarters: Espoo, Finland
Huhtamäki Oyj is a leading supplier of sustainable packaging solutions for the food service and packaging industries. The company primarily operates through three business segments, such as Fiber and Foodservice Europe-Asia-Oceania (EAO), North America, and Flexible Packaging. Its Fiber and Foodservice EAO business offers high-quality molded fiber and paperboard packaging for fresh food and drinks across Europe, Asia, and Oceania. The North American segment provides packaging for food service operators and branded consumer products. On the other hand, its flexible packaging business manufactures lightweight, innovative, and flexible packaging materials, pouches and labels for food and drink, retort pouches, barrier packaging, and packaging for pharmaceutical products, coffee, and pet food. Currently, the company operates in 38 countries, employing over 19,600 people in 114 locations worldwide.
Headquarters: Weybridge, United Kingdom
Mondi plc offers innovative and sustainable packaging and paper solutions. Its business is fully integrated across the value chain from managing forests and manufacturing pulp, paper, and films, to developing and producing efficient industrial and consumer packaging solutions. The company operates through three business units, namely Corrugated Packaging, Flexible Packaging, and Uncoated Fine Paper. It has a broad product portfolio comprising industrial bags, corrugated solutions, flexible pouches, release liners, functional films, barrier coatings, containerboard, specialty kraft paper, sack kraft paper, and office and professional printing papers.
Headquarters: Georgia, United States
Printpack, Inc. specializes in innovative, flexible, sustainable, and rigid packaging solutions for the food, beverage, pharmaceutical, pet food, and agricultural industries. It offers a wide array of packaging products, such as shrink sleeves, cups, roll stock, liquid pouches, clear packaging, wicketed bags, trays, stand-up pouch, lidding, HPP pouch, forming films, laminations, spouted and fitment pouches, sachets, and retail bags. The company operates 19 manufacturing plants with more than 3200 employees.
Sealed Air Corporation
Headquarters: North Carolina, United States
Sealed Air Corporation is a leading packaging company specializing in food packaging, protective packaging, and medical products. Its extensive product portfolio comprises bubble bags, shrink bags, non-barrier bags, overwrap films, inflatable pouches, dispensing pouches, barrier bags, and chub packaging. The company sells its products under several brand names, including:
- BUBBLE WRAP
- SEALED AIR
It operates 98 manufacturing facilities across 122 countries, with more than 16,500 employees.
Sonoco Products Company
Headquarters: South Carolina, United States
Sonoco Products Company is a global packaging solutions leader that provides consumer packaging, industrial products, protective packaging, and healthcare packaging. It mainly serves the automotive, food and powdered beverage, healthcare, beauty and personal care, construction, household, textiles, and electronics markets. It manufactures a range of packaging solutions, such as flexible packaging, rigid plastic packaging, metal packaging, foam packaging, and fast packs. The company has operations in over 34 countries with more than 19,000 employees.
Headquarters: Winnipeg, Canada
Winpak Ltd. is a leading manufacturer and distributor of high-quality packaging solutions for perishable foods, beverages, pharmaceuticals, medical, and personal care products. The company specializes in flexible packaging, rigid packaging, and lidding and packaging machinery. It has a diversified product portfolio comprising bags, pouches, thermoforming films, specialty films, trays, cups, lidding, horizontal and vertical films, barrel liners, bulk liners, and spouted, stand-up, and vacuum pouches. Winpak operates twelve production facilities in Canada, the United States, and Mexico.
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