The global next generation packaging market is transforming industries such as food and beverage through innovative methods and materials. In this application, packaging solutions play a crucial role in extending shelf life, ensuring food safety, and reducing waste. Active packaging with antimicrobial properties, intelligent packaging monitoring freshness, and sustainable materials are key components. These advancements benefit both manufacturers and consumers, improving product quality, reducing costs, and addressing global challenges such as food security and sustainability. Overall, Next Generation Packaging transforms traditional packaging practices towards a more efficient, sustainable, and consumer-centric approach.
The Global Next Generation Packaging Market is projected to reach USD 11,209.94 million by 2029, and will grow at a CAGR of 6.5% during the forecast period of 2022-2029.
Below are the Top Next Generation Packaging Companies with a Significant Market Share:
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Rank
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Company
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Overview
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Product Portfolio
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Sales Geographical Coverage
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Developments
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1.
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AVERY DENNISON CORPORATION
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Avery Dennison is a global leader in materials science and manufacturing, particularly known for its expertise in labeling and packaging solutions. The company offers a range of innovative packaging materials and technologies tailored to the Next Generation Packaging Market, including sustainable labeling solutions, intelligent packaging with RFID and NFC capabilities, and materials designed to enhance recyclability and reduce environmental impact.
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Europe, North America, and Asia-Pacific
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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 USD 255 million (EUR 232 million). This acquisition will enhance the research and development capabilities and expand the product lines which will help company to grow rapidly.
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2.
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DuPont
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DuPont is a multinational conglomerate with a strong presence in various industries, including packaging. In the Next Generation Packaging Market, DuPont focuses on developing advanced materials and technologies to address sustainability challenges. This includes bio-based polymers, barrier coatings to prolong shelf life, and solutions for recyclability and compostability, aligning with the industry's shift towards more environmentally friendly packaging solutions.
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Europe, Middle East and Africa, Asia-Pacific, and Americas
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In April 2021, DuPont has 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 company grow rapidly in coming years.
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3.
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BALL CORPORATION
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Ball Corporation is a leading provider of metal packaging for beverages, food, and household products. In the Next Generation Packaging Market, Ball is at the forefront of innovation with its commitment to sustainability and recyclability. The company offers lightweight and infinitely recyclable aluminum packaging solutions, as well as advancements in metal packaging design and printing technologies to enhance branding and consumer engagement.
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Europe, Middle East and Africa, Americas, and Asia-Pacific
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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.
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4.
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Graham Packaging Company
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Graham Packaging specializes in the design, manufacturing, and sale of plastic packaging solutions for various industries, including food and beverage, household, and personal care. In the Next Generation Packaging Market, Graham focuses on sustainability-driven initiatives, such as light weighting, recyclability, and the use of recycled content in packaging materials. The company also invests in advanced manufacturing processes and technologies to improve efficiency and reduce environmental impact.
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North America, South America
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In July 2021, Graham Packaging Company obtained the patent rights for blow molding a plastic container. This development will help the company to increase the product portfolio, thereby increasing the sales and revenue.
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5.
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R.R. Donnelley & Sons Company
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R.R. Donnelley is a global provider of printing and packaging solutions, offering a wide range of services to diverse industries. In the Next Generation Packaging Market, the company leverages its expertise in printing technologies to develop innovative packaging solutions. This includes smart packaging with printed electronics for product authentication and tracking, as well as sustainable printing practices and materials to support environmentally friendly packaging initiatives.
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Europe, and Asia-Pacific
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In October 2021, R.R. Donnelley & Sons Company launched new Scannable Smart Tags for retail signage, commercial print, packaging, forms, and direct mail. This will increase the customer base of the company.
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Conclusion
In the dynamic landscape of the next generation packaging market, companies such as Avery Dennison Corporation, DuPont, Ball Corporation, Graham Packaging Company, and R.R. Donnelley & Sons Company are pivotal players driving innovation and sustainability forward. Through their diverse expertise and commitment to addressing emerging challenges, these industry leaders are reshaping the future of packaging. It offers cutting-edge materials, technologies, and solutions tailored to environmental concerns and consumer demands, they are not only transforming traditional packaging practices but also contributing to a more sustainable and efficient global supply chain. As the market continues to evolve, these companies remain at the forefront, shaping the narrative of packaging towards a more eco-friendly, consumer-centric, and technologically advanced paradigm.
