Global Next Generation Packaging Market is expected to grow with the CAGR of 6.5% in the forecast period of 2022 to 2029. The years considered for study are as mentioned below.
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Global next generation packaging market is a highly consolidated market, which includes specific number of key players as well as local players. The market has witnessed increased strategic developments owing to favorable market scenario.
The major players dealing in the global next generation packaging market are introducing a wide range of products. This is helping the companies to maximize their sales with enhanced product portfolio. For instance, In May 2018, Sealed Air Corporation announced the acquisition of Automated Packaging Systems, Inc. (APS), a leading manufacturer of high-reliability, automated bagging systems for a purchase price of USD 510 million on a cash and debt free basis. This acquisition has helped the company to broaden its geographical presence and serve more customers.
AVERY DENNISON CORPORATION is the dominating player in the global next generation packaging market. The other key players existing in the market include Amcor plc, Sealed Air, Klöckner Pentaplast, MicrobeGuard Corporation, TOPPAN INC., BALL CORPORATION, DuPont de Nemours, Inc., R.R. Donnelley & Sons Company, Vesta, Amerplast Ltd., MITSUBISHI GAS CHEMICAL, Graham Packaging Company, Active Packaging, American Thermal Instruments, Temptime Corporation, Cortec Packaging and SAES Getters S.p.A. among others.
AVERY DENNISON CORPORATION
AVERY DENNISON CORPORATION is headquartered in California, the U.S. and was founded in 1935. The company’s focus is to provide innovative products and intelligent solutions to customers all over the world. The company provides various brand categories including advertising & promotion, apparel, architecture & building, automotive, consumer packaged goods, durable goods & equipment, and electronics & electrical out of which consumer packaged goods is market focused category.
- In February 2020, AVERY DENNISON CORPORATION completed the acquisition of Smartrac’s Transponder (RFID Inlay) division (“Smartrac”), a manufacturer of RFID products, for consideration of approximately $255 million (€232 million). This acquisition will enhance the research and development capabilities and expand the product lines which will help company to grow rapidly.
The company has presence across the globe in Europe, North America, South America, and Asia-Pacific
DuPont
DuPont is headquartered in Delaware, the U.S. and was founded in 1802. The company focuses on producing nature based ingredients from orange peel, seaweed, lily pads, and others to fulfil consumers’ needs. It offers product categories including automotive, building & construction, energy, government & public sector, military, law enforcement & emergency response, packaging & printing, and safety & protection and water management out of which packaging & printing is a market focused category.
For instance,
- In April 2021, DuPont announced that it successfully completed the acquisition of Laird Performance Materials, a world leader in high-performance electromagnetic shielding and thermal management solutions. This acquisition will help the company grow rapidly in coming years.
The company has presence across North America Europe, Middle East and Africa, and Asia-Pacific.
ALL CORPORATION
BALL CORPORATION is headquartered in Colorado, the U.S. and was founded in 1880. The company is focused on helping the customers accomplish their missions through technical know-how, passion, and innovation. It offers a wide range of product categories including packaging, and aerospace in which packaging is the market focused category.
- In November 2021, Ball Corporation received the Aluminium Stewardship Initiative (ASI) certification for the Performance and Chain of Custody Standards for its 15 Beverage Packaging South America (BPSA) plants and Regional Office, located in São José dos Campos, Brazil. This development will increase the goodwill of the company which will ultimately help the company to grow on a rapid scale.
The company has presence across Europe, Middle East and Africa, Asia-Pacific, and Americas.
