Comparing 25 vendors in Sustainable Packaging Market across 119 criteria.

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POWERED BY MARKETSANDMARKETS
Mar 20, 2023

360 Quadrants releases its list of “Top 25 Sustainable Packaging Companies, Worldwide 2023” in partnership with MarketsandMarkets. The report recognizes the standouts in the sustainable packaging market ranging from mid-sized enterprises to Fortune 500 companies. The vendor evaluation was conducted on over 200 companies, of which the top 25 were categorized and recognized as the new economic quadrant leaders. 

Key trends highlighted in 360 Quadrants:

  • The sustainable packaging market by layer is segmented into primary, secondary, and tertiary. Among these, the primary packaging market dominated the overall sustainable packaging market with a share of about 45%. This dominance is mainly due to the rising application of glass and plastic packaging in the food & beverage and industrial sectors.
  • Due to rising concerns over single-use plastics, FMCG companies and retailers are switching to more sustainable options and are rethinking their overall packaging systems. This will create a huge impact on the overall sustainable packaging industry. With this new landscape, there will be many opportunities for partnerships and new product research.
  • Among the different packaging materials such as paper & paperboard, plastic, metal, and glass, the paper & paperboard segment accounted for the largest share (40%), followed by plastics in the overall sustainable packaging market in 2022.
  • The processes for sustainable packaging were segmented into recycled content packaging, degradable packaging, and reusable packaging. The demand for such types of packaging will be boosted by the acceleration in global activities. It was observed that recycled content packaging dominated the sustainable packaging market; however, the demand and growth of reusable and degradable packaging are expected to rise soon.
  • Developing markets such as China, Brazil, and India are emerging as growth frontiers for sustainable packaging. In 2022, the Asia Pacific region dominated the global sustainable packaging market, accounting for nearly 42% of it. The market for sustainable packaging is observed to be mature in developed regions such as North America and Europe.
  • It is also due to the fact that governments worldwide are taking steps to encourage the use of green packaging. Several countries are incentivizing businesses with tax exemptions for compostable packaging. In the UK, packaging containing less than 30% recycled materials will be subject to higher taxation. Such initiatives are set to boost the growth of the sustainable packaging market. Additionally, companies are making efforts to increase their sustainability goals.
  • The leading market players adopted mergers and acquisitions as the key strategies due to intense competition in the market. Some of the top key players in the market are Amcor Ltd. (Switzerland), Tetra Laval International (Switzerland), Sealed Air Corp. (USA), Mondi Group (UK), and WestRock Company (USA).
  • Companies in the sustainable packaging domain are adopting various other strategies as well to strengthen their footprint in the market. For instance, in November 2022, Amcor announced an investment of USD 3 million in PulPac, a Swedish company providing disruptive manufacturing technology for low-cost, high-performance fiber-based packaging. Another company, Coveris (USA), collaborated with leading poultry producer Moy Park (UK)to launch a new recyclable stand-up pouch for Tesco (UK) ready-to-eat chicken. It also extended its strategic development by acquiring Norwich-based flexible packaging production and trading firm Four 04 Packaging.

The Full List

The Full List

Logo Rank & Company Headquarters Year Founded Holding Type
Amcor 1. Amcor Southbank, Australia 1896 Public
Sealed Air 2. Sealed Air Charlotte, USA 1960 Public
Tetra Laval 3. Tetra Laval Pully, Switzerland 1952 Private
Klöckner Pentaplast 4. Klöckner Pentaplast London, UK 1965 Private
Stora Enso 5. Stora Enso Helsinki, Finland 1998 Public
WestRock 6. WestRock Atlanta, USA 2015 Private
Mondi 7. Mondi Weybridge, UK 1967 Public
Coveris 8. Coveris Vienna, Austria 2013 Private
Ball Corporation 9. Ball Corporation Broomfield, USA 1880 Public
DS Smith 10. DS Smith London, UK 1940 Private
Uflex Ltd. 11. Uflex Ltd. Noida, India 1985 Public
Sappi 12. Sappi Rosebank, South Africa 1936 Public
Huhtamaki 13. Huhtamaki Espoo, Finland 1920 Public
Be Green Packaging 14. Be Green Packaging Ridgeland, USA 2007 Private
Ardagh 15. Ardagh Luxembourg, Luxembourg 1932 Private
Constantia 16. Constantia Vienna, Austria 2004 Private
C-P Flexible 17. C-P Flexible York, USA 1958 Private
TIPA 18. TIPA Hod HaSharon, Israel 2010 Private
Elevate Packaging 19. Elevate Packaging Chicago, USA 2000 Private
NatureWorks 20. NatureWorks Plymouth, USA 1989 Private
Plastipak 21. Plastipak Plymouth, USA 1967 Public
Silgan 22. Silgan Stamford, USA 1987 Public
Cosmo First 23. Cosmo First New Delhi, India 1976 Public
Pactiv 24. Pactiv Lake Forest, USA 2020 Public
Bischof+Klein 25. Bischof+Klein Lengerich, Germany 1892 Private
Research Methodology

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Sustainable 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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