Key vendors are using smart packaging materials to increase their sales strategically
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 flexible packaging market for food and beverages in their latest research report. This report also lists 7 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 the sales different types of packaging materials.
- Flexible plastics packaging: Flexible plastics are thin, light, and easily stretchable, and have puncture-resistant characteristics. Polypropylene (PP) and polyethylene (PE) are the significantly used plastics for manufacturing packaging products.
- Flexible paper packaging: Molded-fiber paper bottles, paper canisters, and paper stand-up pouches are being extensively used in the F&B industry.
This Technavio report, under packaging vertical, is based on the synthesis, analysis, and interpretation of information about the global flexible packaging market for food and beverages 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 presence of both international and regional players is making the market highly competitive. Vendors are competing on the basis of product differentiation, pricing, and portfolio. Many manufacturers are focusing on product packaging innovation to create a competitive advantage over other players in the market. The increase in price wars and intense price competition among vendors is a common phenomenon in this marketplace. The establishment of new manufacturing plants and launching new products are ways for companies to sustain the competition in the market and increase their consumer base.
“The vendors in the market are innovating methods to reduce and optimize the sources required to provide innovative packaging solutions. They are adopting various techniques to improve the material toughness, process optimization, and upgrading equipment to the develop lightweight and flexible packaging solutions. The use of ionomer films as alternatives, is lighter than the conventional stretch films,” says Sharan Raj, a lead analyst at Technavio for research on packaging.
Top five vendors in flexible packaging for food and beverages market space
Amcor
It supplies a wide range of rigid and flexible packaging products for the beverage, healthcare, food, home, and personal care, and tobacco industries. The company also offers solutions in coffee packaging, pet food packaging, fresh food and dairy packaging, and champagne and wine closures. Recently, it won Brazilian Packaging Design Award for innovative PET (polyethylene terephthalate) containers and introduced its patented Amcor Opening Feature (AOF) for child-resistant blister lidding for pharmaceutical packaging.
Key products: Bags, Pouches, Laminates for pouches, Sachets, and Stand-up pouches.
Ampac
Ampac’s packing solutions include E-Z SnackPak, CubePak, Pull Tab Beverage Pouch, KeepSafe, and ShakerPAK. The company offers its products to beverages, casinos, cash-in-transit, financial institutions, health and beauty, restaurants, pharmaceuticals, retail, food, and chemical industries. In recent times, it launched its first commercial stand-up pouch with customer Select Harvest, harnessing the QuickZip closure featuring the Aplix fastener system. The pouch promotes healthy snacking and addresses convenience.
Key products: Bags, Coextruded films, Laminated films, Retort pouches, Shaped pouches, Stand up pouches, and Spouted pouches.
Clondalkin
The company offers to package for fresh, frozen, processed foods, semi-fluid, fluid, compact, dry, powder, and mixed food and consumer goods. It also sells biodegradable films that are compostable films used for food, frozen food and waste bags. Recently, it won the FTA award for their flexo printing technology used create packaging for the brand Bofrost Suppengemüse and launched an aluminium-free butter foil that offers more sustainable options to the dairy sector.
Key products: Biodegradable films, Bundle wrapping, Barrier films, Confectionary packaging products, and Stand-up pouches.
Constantia Flexibles
Constantia Flexibles provided solutions to multinational and local customers, and caters to the pharmaceuticals, food, pet food, and beverage industries. Its product portfolio comprises confectionery film, dried food laminates, coffee laminates, lidding die cut, sweet snack laminates, and alucontainer systems. Recently, it invested in a new capacity at its Burgos manufacturing site in Spain.
Key products: Paper packaging and spear seals.
Innovia Films
Innovia Films produces biaxially oriented PP and cellulose films that are used in the food packaging, tobacco overwrap, and labels. It also offers flexible packaging solutions for beverages, health and personal care, bakery, and other food products. In recent times, it announced a collaboration with API Foils, a leading manufacturer of hot stamping foils for the packaging, printing, and embossing industries, to explore possibilities of cold foils for label converters.
Key products: Pack Wrap, Clear collation, Carton overwrap, and Cigar packaging.
Other prominent vendors in this market include Bemis, Glenroy, Huhtamaki, Sealed Air, Sonoco, Westrock, and Wipack.
A more detailed analysis is available in the Technavio report, Global Flexible Packaging Market for Food and Beverages 2016-2020. Technavio also customizes reports by other regions and specific segments upon request.
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Browse related reports:
- Global Packaging Market 2016-2020
- Global Aluminum Foil Packaging Market 2016-2020
- Flexible Packaging Market in China 2015-2019
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