Key vendors to focus on expanding their geographical presence.
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 vendors for the global plastic packaging sacks market in their latest research report. This report also lists 11 other prominent vendors who are expected to contribute to this market’s growth between 2017-2021.
Competitive vendor landscape
The global plastic packaging sacks market is highly fragmented in nature. The market is characterized by the presence of several international vendors. Vendors in the market space compete on the basis of product differentiation, portfolio, and pricing. Some players in the market are expanding their businesses by setting up new manufacturing plants and launching new products in the emerging markets.
According to Sharan Raj, a lead analyst at Technavio for research on packaging, “The international players are likely to see inorganic growth during the forecast period through the acquisition of regional or local players. For example, LC Packaging acquired Geerings Horticultural Products in December 2015. LC Packaging expanded its business and services in the UK by this acquisition.”
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Top five vendors in the plastic packaging sacks market space
Global-Pak
Global-Pak provides bulk packaging materials like bulk bags, roll-off container liners, pails, and multi-wall bags. It provides bulk bags or FIBCs to carry bulk materials in different sizes. The company imports large quantities of bulk bags from India. It also manufactures bulk bags in the US at its production facility in East Liverpool, Ohio.
Key products: Bulk bags, Small packaging bags, Roll-off container liners, and Pails.
Hood Packaging
Hood Packaging designs and manufactures industrial packaging materials. It operates around 20 manufacturing facilities located across the US and Canada. The company works with two distinct types of products, namely plastic and paper. Its paper division has 12 geographically diverse locations across Canada and the US, which provide flexible paper packaging structures with a range of formats, types, and closures.
Key products: Multiwall paper packaging, Flexible plastic packaging, Woven pp bags, Liquid packaging and filling equipment, and Specialty coated materials.
LC Packaging
LC Packaging is a producer and distributor of flexible packaging materials and corrugated board for the agricultural and industrial sectors. The organization has offices in 16 countries in Asia, Europe, and Africa. It has production facilities in Hungary, Belgium, Bangladesh, and South Africa.
Key products: FIBC, Agri, and Cardboard.
Mondi
Mondi is a global paper and packaging company. The company is integrated across the paper and packaging value chain from managing forests and manufacturing pulp, paper, and compound plastics to develop innovative consumer and industrial packaging solutions. Its major operations are in Russia, Central Europe, North America, and South Africa.
Key products: Packaging paper, Fiber packaging, Consumer packaging, and Uncoated fine paper.
Sonoco
Sonoco provides different kinds of consumer packaging, protective packaging, display and packaging, and industrial services. The company has an operational presence in 330 locations spread across 34 countries. Its customer base extends to 85 nations.
Key products: Blow-molded plastic bottles and jars, Round-shaped rigid containers and trays that include both composite and thermoformed plastic, and Printed flexible packaging.
Ask an analyst to know more about this report
A more detailed analysis is available in the Technavio report, Global Plastic Packaging Sacks Market 2017-2021. Technavio also customizes reports by other regions and specific segments upon request.
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