Key vendors to strategically increase their profit margins through mergers and acquisitions
Technavio, a company that develops over 2000 pieces of research every year and covers more than 500 technologies across 80 countries, has announced the top five leading vendors for the global flat pouches market in their latest research report. This report also lists 10 other prominent vendors who are expected to contribute to this market’s growth between 2016-2020.
To identify the top vendors, Technavio’s market research analysts have taken into account the revenue generated by vendors through the sales of product offerings in the market by manufacturers of flat pouches.
This Technavio report, under the packaging vertical, is based on the synthesis, analysis, and interpretation of information about the global flat pouches market collected from specialized sources. The analysts have derived insights using a mix of primary and secondary research with an aim to provide a holistic picture of the market.
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Competitive vendor landscape
The global market for flat pouches is fragmented in nature owing to the presence of several international and domestic vendors in the market space. Vendors in the market compete on the basis of product differentiation, portfolio, and pricing. The rising demand for convenience and packaged food across the globe is the fundamental driving force behind the growth of the market during the forecast period. Currently, the market is witnessing an increase in the number of mergers and acquisitions as vendors are attempting to increase their product margins through collaborations. The market vendors are also trying to distinguish their products and service offerings through a clear and unique value proposition to keep pace with the highly competitive market.
“One of the key emerging trends in the global market for flat pouches is the increasing use of high-barrier flexible packaging products. High-barrier flexing packaging materials offer enhanced protection from moisture and oxygen to provide a longer shelf life owing to the presence of resins in these materials. Some of the high-barrier plastics used in the development of pouches include biaxially-oriented polyethylene terephthalate (BOPET) and ethylene vinyl alcohol (EVOH). These pouches are being increasingly used by food and beverage companies as they are considered as a premium segment of packaging,” says Sharan Raj, a lead analyst at Technavio for research on packaging.
Top five vendors in the flat pouch market space
Amcor
Amcor manufactures and supplies a wide range of rigid and flexible packaging products specifically targeted at the beverage, food, healthcare, personal and home care, and tobacco sectors. The company operates over 190 sites in 43 countries. Amcor primarily operates through two business segments which include Amcor rigid plastics and Amcor flexibles. The flexible segment of the company manufactures flexible and film packaging solutions while the rigid plastics segment manufactures rigid plastic containers for beverage and food products like sports drinks, carbonated soft drinks, spirits and beer, and personal care.
Key products: Stand-up pouches for food, Custom pouches and bags for medical devices, Tyvek sterilization pouches with chevron seal, Sterilization pouches and reels, SpoutPouch stand up pouch, FlexCan stand-up pouch, Sterilization pouches and reels for medical equipment, Polypropylene aluminum foil laminates and Pouches.
Bemis
Bemis manufactures and distributes packaging products globally. The food industry is the primary end-user industry segment of Bemis’ packaging products. Other key customers of the Bemcor include companies in the various sectors such as chemical, medical, pharmaceutical, personal care, agribusiness, automotive, electronics, construction, and other consumer goods. The company functions through business segments – US packaging and global packaging. The US packaging segment manufactures blown, multilayer polymer and cast film structures to produce packaging solutions for food, non-food, and personal care product applications in the US. The global packaging segment comprises of all packaging-related and pharmaceutical packaging and global medical device manufacturing operations located outside of the US.
Some key products: CPET (crystallized polyester), APET (amorphous polyester), PP (polypropylene), HIPS (high-impact polystyrene), EZ peel packaging, SmartTack EZ peel-reseal packaging, Integrapeel peel-away technology, Curwood FreshCase technology, Curwood ICE films, etc.
Sealed Air
Sealed Air offers products and solutions for food safety and security, facility hygiene, and product protection. The company’s product offerings find application in food and beverage processing, retail, foodservice, healthcare and industrial, and commercial and consumer applications. Sealed air operates across 62 countries with a distribution and sales network reaching about 169 countries. For FY2015, the company generated a revenue of around $7 billion. Food care and product care are the two key business segments of Sealed Air.
Some key products: Bubble Wrap and AirCap air cellular packaging, Shanklin shrink packaging systems, Cryovac performance shrink films, Instapak polyurethane foam packaging systems, Jiffy mailers, vacuum shrink bag systems, flow-vac, skin, thermoforming, tray or lid, vertical pouch packaging systems, etc.
Sonoco
Sonoco offers different kinds of consumer packaging, protective packaging, industrial products, and display and packaging services. For FY2015, the company spent more than $22 million on R&D and generated a revenue of almost $5 billion. Sonoco has operations in 330 locations in 34 countries. The company serves customers in about 85 countries. The company operates through four primary business segments which include consumer packaging, paper and industrial converted products, display and packaging, and protective solutions.
Some key products: FirmaMaX plastic pallets, TransGuard standalone totes, Composite drums, etc.
The Vacuum Pouch Company
The Vacuum Pouch Company supplies vacuum packaging products which include boilable pouches, gas flushing pouches, barrier shrink bags, sous vide pouches, thermoforming films, stand-up pouches, and tray lidding films. The key end-user segments of the company’s vacuum packaging products are food and non-food industries.
Key products: Vacuum pouches, Stand-up pouches, Embossed pouches, Boilable products, Barrier shrink bags, Films, Machinery, and Printed Packaging.
Other prominent vendors in this market include AK Products, Associated Bag, Bison bags, Constantia Flexibles, InterPlas.com, Montage, Pouch Dynamics, Swisspac, Tyler packaging, and Universal plastic bags.
A more detailed analysis is available in the Technavio report, “Global Flat Pouches Market 2016-2020”. Technavio also customizes reports by other regions and specific segments upon request.
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Browse related reports:
- Global High-Barrier Pouches Market 2016-2020
- Global Stand-up Pouches Market 2016-2020
- Global Retort Pouches Market 2015-2019
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