North America Active, Smart and Intelligent Packaging Market is expected to grow with a CAGR of 6.8% from 2021 to 2028. The years considered for the study are as mentioned below:
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North America active, smart and intelligent packaging market is a highly consolidated market, including a specific number of key players and local players. The market has witnessed increased strategic developments owing to favourable market scenarios.
The major players dealing in the North America active, smart and intelligent packaging market are introducing a strong range of product portfolios. This helped companies to maximize sales with an enhanced product portfolio.
For instance,
- In November 2017, WestRock Company acquired KapStone, which is a leading North American producer and distributor of containerboard, corrugated products, and specialty papers, including liner and medium containerboard, kraft papers, and saturating kraft. It also owns Victory Packaging, a packaging solutions distribution company with facilities in the U.S., Canada, and Mexico. This acquisition will help the company enhance the packaging solutions
WestRock Company is the dominating player in the North America active, smart and intelligent packaging market. The other key players in the market include DuPont, Sealed Air, Klöckner Pentaplast, Ampacet Corporation, LCR Hallcrest LLC, WestRock Company, DS Smith, Amcor plc, Tetra Pack, Sonoco Products Company, AVERY DENNISON CORPORATION, Constantia Flexibles, Graham Packaging Company, among others.
WestRock Company
WestRock Company has headquarters in Atlanta, U.S., and was founded in 2015. It has public ownership. The company focuses on helping customers source and purchase quality packaging to optimize cost efficiencies, logistics, and speed to market by streamlining the packaging supply chain and optimizing efficiencies at every point along the way. The company has business segments such as Corrugated Solutions, Consumer Packaging Solutions, Machinery Solutions, and Paper Solutions. Amongst which Consumer Packaging Solutions is the market-focused business segment.
The company provides various product categories such as Folding Cartons, Specialty Printing & Packaging, out of which Specialty Printing & Packaging is the market-focused category.
- In June 2021, WestRock launched EverGrow fiber-based produce packaging collection made using sustainably sourced wood fiber. WestRock EverGrow packaging is curbside recyclable when emptied and flattened, supporting the company’s ambition to reduce waste and build a 100% reusable, recyclable and compostable product portfolio
The company has a presence across the globe in South Africa, Europe, Asia-Pacific, South America, North America. The subsidiaries of the company are KapStone Paper and Packaging Corporation(USA), Multi Packaging Solutions Acquisitions 1 Limited (U.K), Multi Packaging Solutions Acquisitions 2 Limited (U.K.), WestRock CP, LLC (USA).
Sealed Air
Sealed Air is headquartered in Charlotte, North Carolina, and was founded in 1957. It has public ownership. The company is focused on resolving critical packaging challenges and making the world better. The business segments and product categories are Brand, Material Type, Food Packaging, Protective Packaging, and Medical Products. Food Packaging is the market-focused business segment and the market-focused category.
- 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 $510 million on a cash and debt-free basis
The company has a wide global presence across North America, South America, Europe, Asia-Pacific, Middle East and Africa. The subsidiaries are Aconcagua Distribuciones SRL(Argentina), ATE Costa Rica S.A.(Costa Rica), Auto-C, LLC (Delaware), Chemical Methods (Europe) Ltd. (U.K), Ciras C.V.(Netherlands).
Sonoco Products Company
Sonoco Products Company has headquarters in Hartsville, South Carolina, and was established in 1899. It has public ownership. The company focuses on helping define brand personalities, create unique customer experiences and enhance the quality of products and the quality of life for people around the world.
The business segments are Consumer Product Packaging & Services, Industrial Products & Services, Protective Packaging Solutions, Healthcare Packaging Solutions, and Marketing Research and Design Services. Amongst which Consumer Product Packaging & Services is the market-focused business segment. The company offers a wide range of product categories such as Rigid Paper Containers, Flexible Packaging, Rigid Plastic Packaging, EcoTect Paperboard, Ends & Closures, amongst which Flexible Packaging is the market-focused category.
- In 2021, Sonoco Products Company acquired Can Packaging, a manufacturer of sustainable paper packaging and related manufacturing equipment, which provides sustainable paperboard packaging to large consumer food brands. This acquisition will provide the company with innovations, including patented technology, to produce a recyclable, high-performance all-paper package that can be made round, square, rectangular, oval, oblong, or triangular
The company has a wide global presence across North America, Europe, and the Asia-Pacific. The subsidiaries are Sonoco Flexible Packaging Co., Inc. (South Carolina), Gunther of America, Inc.(Delaware), Sonoco Development, Inc. (South Carolina), Paper Stock Dealers, Inc.(North Carolina), Inspiral, LLC,(Delaware).
