Comparing 23 vendors in Flexible Plastic Packaging Market across 74 criteria.

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POWERED BY MARKETSANDMARKETS
Mar 20, 2023

360 Quadrants releases its list of “Top 23 Flexible Plastic Packaging Companies, Worldwide 2023,” in partnership with MarketsandMarkets. The report recognizes standouts in the flexible plastic packaging market, ranging from mid-sized enterprises to Fortune 500 companies. The vendor evaluation was conducted on over 200 companies, of which the top 23 were categorized and recognized as the new economic quadrant leaders.

Key trends highlighted in 360 Quadrants:

  • The ability of flexible plastic packaging to reduce the amount of packaging waste without compromising on the safety and hygiene of food products has led to a rise in demand for it. In 2022, the food segment accounted for 53%, the largest share of the flexible plastic packaging market.
  • Since pouches are versatile, lightweight, and easy to transport, they are widely adopted in flexible plastic packaging. The pouches segment held the largest share (33.41%) in terms of value in 2022.
  • The high demand for the plastic segment is attributed to its excellent barrier protection, lightweight nature, flexibility in design, and cost-effectiveness. Due to these properties, this segment held the largest share (78%) in 2022. Additionally, the use of bioplastics is gaining popularity in the developed markets of North America and Europe.
  • The Asia Pacific region accounted for 43% of the total flexible packaging market. This dominance is mainly attributed to the continuously changing demographics and rapid industrialization in emerging economies like India and China. Other regions, such as North America, are projected to witness growth in the flexible plastic packaging market, majorly due to technological advancements in the food, beverage, and healthcare industries.
  • Amcor (Switzerland), Berry Global (USA), Mondi PLC (UK), Constantia Flexibles Group (Austria), and Sealed Air (USA) are the top players in the flexible plastic packaging market. However, due to high fragmentation, these top five players account only for 12% of the overall flexible plastic packaging market.
  • Companies are adopting various strategies in order to accelerate their growth in the flexible plastic packaging market. For instance, in February 2023, Sealed Air acquired flexible packaging firm Liquibox for USD 1.15 billion. The deal was aimed to expedite the growth of SEE’s CRYOVAC fluid and liquid packaging brand.
  • In 2022, PPC Flexible Packaging, LLC announced the acquisition of Plastic Packaging Technologies, LLC. Through such ventures, PPC Flexible Packaging aims to grow steadily and evolve, both organically and inorganically. Amcor, another key market player, launched several products in 2022, such as a new platform for paper-based packaging, more sustainable packaging for pharmaceuticals, and others.

The Full List

The Full List

Logo Rank & Company Headquarters Year Founded Holding Type
Amcor 1. Amcor Southbank, Australia 1896 Public
Sonoco 2. Sonoco Hartsville, USA 1899 Public
Berry Global 3. Berry Global Evansville, USA 1967 Public
Mondi 4. Mondi Weybridge, UK 1967 Public
Sealed Air 5. Sealed Air Charlotte, USA 1960 Public
PPC Flex 6. PPC Flex Buffalo Grove, USA 1968 Private
TC Transcontinental 7. TC Transcontinental Montreal, Canada 1976 Public
ProAmpac 8. ProAmpac Cincinnati, USA 2015 Private
American Packaging Corporation 9. American Packaging Corporation Columbus, USA 1902 Private
Glenroy 10. Glenroy Menomonee Falls, USA 1965 Private
Huhtamaki 11. Huhtamaki Espoo, Finland 1920 Public
Constantia Flexibles 12. Constantia Flexibles Vienna, Austria 2004 Private
Sigma Plastics 13. Sigma Plastics Lyndhurst, USA 1978 Private
Cosmo First 14. Cosmo First New Delhi, India 1976 Public
Wihuri 15. Wihuri Helsinki, Finland 1901 Private
Novolex 16. Novolex Hartsville, USA 2003 Private
C-P Flexible 17. C-P Flexible York, USA 1958 Private
Bischof + Klein 18. Bischof + Klein Lengerich, Germany 1892 Private
UFlex 19. UFlex Noida, India 1985 Public
Swiss Pac 20. Swiss Pac Irving, USA 1992 Private
Printpack 21. Printpack Atlanta, USA 1956 Private
Aluflexpack 22. Aluflexpack Reinach, Switzerland 1987 Public
Myers Container 23. Myers Container Portland, USA 1917 Private
Research Methodology

If your company is recognised in this Quadrant, Leverage this ranking using our Marketing Kit.

If your company is recognised in this Quadrant, Leverage this ranking using our Marketing Kit.

Flexible Plastic Packaging Market

360 Quadrants

360 Quadrants is a New Economy Quadrant focused on celebrating companies shaping the future

360 Quadrants

360 Quadrants is a New Economy Quadrant focused on celebrating companies shaping the future

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