Next-generation packaging is an advanced packaging solution that offers various benefits in terms of product quality information and traceability. It helps in tracking and monitoring the product during the entire supply chain process from shipments to delivery of the product to the location. This ensures the safe delivery of the product to the consumer while preventing damages of the packaged materials.
As of 2021, the global Next Generation Packaging Market was valued at U.S.$ 48.00 Billion in terms of revenue, exhibiting a CAGR of 602% during the years (2022-2030)
Top Companies in the Next Generation Packaging Industry:
1) West Rock
West Rock company is an American corrugated packaging company, that is the second largest American packaging company and one of the world’s largest paper and packaging companies. The company was founded in the year 2015, and the headquarters are located in Sandy Springs, Georgia, United States.
As of December 2022, West Rock completed the acquisition of Grupo Gondi, a commercial company that provides cardboard and paper packaging solutions for customers.
2) Mondi Plc.
Mondi Plc. Is a multinational packaging and paper group. It is fully integrated across the packaging and paper value chain-from growing of wood and the manufacturing of pulp and paper to the conversion of packaging papers into corrugated packaging, industrial bags etc. The company was founded in the year 1967, and the headquarters are located in United Kingdom Austria.
In January 2023, Mondi completed the acquisition of the Duino paper mill from the Italian graphic and specialty paper company, Burgo Group for 40 Million Euros
3) Sonoco Products Company
Sonoco Is an international provider of various consumer packaging, industrial products, protective packaging, etc. It is the world’s largest producer of composite cans, tubes and cores. The company was founded in the year 1899, and the headquarters are located in Hartsville, South Carolina, United States. The company was founded by Major James Lide Coker.
In December 2021, Sonoco completed the acquisition of Ball MetalPack, a company that supplies metal packaging products. It offers aerosol, food, household consumable, and other products.
4) Bemis Company, Inc.
Bemis Company was a global manufacturer of flexible packaging products that ranged from self-venting cook-in-bag packaging and retort packaging for shelf-stable products, to vacuum packaging for meat products and puncture-resistant, sterile medical packaging. The company was founded in the year 1858, and the headquarters are located in Neenah, Wisconsin, U.S. The company was founded by Judson Moss Bemis.
5) Amcor plc.
Amcor plc. Is a global packaging company that is known for developing and producing flexible packaging, rigid containers, specialty cartons, closures and services for food, beverage, pharmaceutical, medical device etc. The company was founded in the year 1896, and the headquarters are located in Zurich, Switzerland.
In 2022, Amcor announced it has won a Silver award for Amcor LifeSpan Copper Based Film in the 2022 Packaging Innovation Awards competition, sponsored by DOW, a global expert panel evaluated products for technological advancements, user experience and sustainability impact.
6) Sealed Air Corporation
Sealed Air Corporation is a packaging company known for its brands like Cryovac food packaging and Bubble Wrap cushioning packaging. Sealed Air Corporation was founded in the year 1960, and the headquarters are located in Charlotte, North Carolina, U.S. The company was founded by Alfred W. Fielding and Marc Chavannes, who invented the bubble wrap.
7) Stora Enso Oyj
Stora Enso Oyj is a leading provider of renewable products in packaging, biomaterials, wooden constructions etc. The company manufactures pulp, paper and other forest products etc. The company was founded in the year 1998, and the headquarters are located in Helsinki, Finland.
As of January 2023, Stora Enso Oyj completed the acquisition of De Jong Packaging Group, one of the largest corrugated packaging producers in the Benelux countries.
