Packaging Materials Key Players and their Developments
The packaging materials market size to rise from USD 652.93 billion in 2025 to USD 967.36 billion in 2034. Asia Pacific led the packaging materials market with the highest share in 2023. This region is noticeable by its important economic development, led by countries such as China, India, South Korea, Thailand, and Japan which boost the manufacturing competencies and a growing middle-class population.
Packaging Materials Market Companies
- Amcor
- Berry Global
- Mondi Group
- Sealed Air Corporation
- Sonoco Products Company
- Uflex
- Silgan Holdings
- TCPL Packaging
Latest Announcements by Market Leaders
- In July 2024, founder and chief executive of 2M Group expressed, “as the world shifts towards sustainable material technologies, 2M will maintain its commitment to sustainability by focusing on areas where it has established a strong reputation. With the launch of Sustainable Packaging Technologies, we will play a crucial role in driving innovation and fostering collaboration in this field.”
Recent Developments
- In July 2024, 2M Group announced the launch of bio-based packaging, to build a portfolio of biomaterial technologies and solutions that can be integrated into existing packaging manufacturing processes.
- In March 2024, TOPPAN announced the launch of the Indian Production of BOPP-based GL-SP Barrier film. It is a barrier film that uses biaxially oriented polypropylene (BOPP) as the substrate, and will soon launch production and sales.
