Top 10 Packaging Companies in the World by Market Cap and Value 2020
There's a rising demand for packaging due to a transition in consumption behavior across the globe as a result of the increasing middle class as well as an increasingly elderly population. When it comes to product packaging, consumers are looking for three major qualities in their packaged products: ease of use, ease of transport, and convenience. The retailers are looking for similar qualities, besides packaging that provides longer shelf-life. The worldwide packaging market is poised to experience steady growth in the next five years, as with better demand comes better market opportunity, and a highly competitive vendor landscape. During the COVID-19 pandemic, the worldwide packaging market size is anticipated to rise from USD 909.2 billion in 2019 to USD 1012.6 billion by 2021.
Here's the list of 10 top packaging companies in the world by revenue as of 1st Jan 2020:
1) Ball Corporation
Ball corporation which is headquartered in Broomfield, Colorado, U.S was founded in 1880 by five brothers known as the Wooden Jacketed Can Company in Buffalo, New York. It was until 1969 that it became known as Ball Corporation.
Ball corporation is among the key companies involved in the offering of metal packaging products especially for the beverages, food, and household industries. It also designs, develops, and manufactures innovative aerospace systems and other technologies to commercialize and governmental customers.
The company is run by Mr. John Hayes, who has been the CEO of the firm since 2011.
- Market Value (as of Jan 1, 2020) - 20.92 billion USD
- Market Cap (as of Aug 22, 2020) - 25.02 billion USD
2) International Paper Company
International Paper Company which is headquartered in Memphis, Tennessee, U.S was incorporated in 1941. It's one of the leading manufacturers of fiber-based packaging, pulp, and paper. The company deals with three bag facilities, 169 converting and packaging plants, 16 recycling plants along with 24 pulp, paper & packaging mills in the U.S. Further, International Paper also operates 16 pulp, paper, and packaging mills; two recycling plants, 67 converting and packaging plants, across Europe, Asia, Latin America, India, Africa, and South America.
International Paper manufactures a wide range of packaging products like envelopes, printer and copier paper, home entertainment, consumer packaging for cosmetics, corrugated packaging and shipping containers, foodservice packaging, and other retail markets.
The company is run by Mr. Mark Sutton, who has been the CEO of the firm since 2014.
- Market Value (as of Jan 1, 2020) - 18.22 billion USD
- Market Cap (as of Aug 22, 2020) - 13.89 billion USD
Amcor which is headquartered in Hawthorn, Victoria, Australia was incorporated in 1926. A worldwide leader in packaging solutions that provide a wide range of rigid and flexible packaging products to the beverage, food, home, health, personal care, and tobacco packaging industries. The company originally was involved in the production of paper-based packaging, but now it also produces plastic packaging. With features of recyclable, lightweight, and reusable materials, the packaging company is dedicated to innovative packaging products.
The company is run by Mr. Ron Delia Sutton, who has been the CEO of the firm since 2015.
- Market Value (as of Jan 1, 2020) - 17.42 billion USD
- Market Cap (as of Aug 22, 2020) - 17.80 billion USD
4) Avery Dennison Corporation
Avery Dennison, an international materials science company, which is headquartered in Glendale, California, U.S was founded in 1990. The company specializes in the manufacture and design of a wide range of labeling and functional materials.
Tapes and other bonding solutions for medical, industrial, and retail applications; pressure-sensitive materials for graphic and labels applications, labels, tags, and embellishments for apparel and radio frequency identification (RFID) solutions serving retail apparel and other markets are the company’s products, which are used in nearly every major industry.
The company is run by Mr. Mitchell R. Butier, who has been the CEO of the firm since 2016.
- Market Value (as of Jan 1, 2020) - 11.44 billion USD
- Market Cap (as of Aug 22, 2020) - 9.56 billion USD
Headquartered in Norcross, Georgia, of the U.S, WestRock, a corrugated packaging company specializes in paperboard, corrugated containers, Kraft paper, folding cartons, displays, containerboard, and protective packaging. Besides, it's also one of the largest integrated recyclers and processes and recycles fibers, boxes, virgin fiber, and other materials.
It's one of the leading producers of recycling and corrugated and consumer packaging solutions. Westrock has a long history that includes game-changing developments in packaging design, retail solutions, and papermaking.
The company is run by Mr. Steven C. Voorhees, who has been the CEO of the firm since 2015.
- Market Value (as of Jan 1, 2020) - 11.22 billion USD
- Market Cap (as of Aug 22, 2020) - 7.39 billion USD
6) West Pharmaceutical Services
West Pharmaceutical Service is headquartered in West Whiteland Township, Pennsylvania, United States in the U.S. Founded in 1923, the company is a manufacturer of packaging components and delivery systems for injectable drugs and healthcare products.
The company's technologies include the manufacture and design of packaging components, contract laboratory services, and other services.
The company is run by Mr. Bernard J. Birkett, who has been the CFO of the firm since 2018.
- Market Value (as of Jan 1, 2020) - 11.18 billion USD
- Market Cap (as of Aug 22, 2020) - 20.05 billion USD
7) Packaging Corporation of America
Packaging Corporation of America, founded in 1959, is headquartered in Lake Forest, Illinois, United States. It also produces meat and wax-coated boxes, multi-color displays, and boxes, for the agricultural industry. The company operates primarily in three segments such as packaging, paper, and corporate, and others.
The company is in several applications that include - retail packaging and display, product packaging, record storage boxes, packaging supplies, corrugated containers, charco stock box, printing capabilities, containerboard, hexacomb, heavy-duty packaging, freight saver dunnage bags, interior packaging, and falcon board, are the production of this company.
The company is run by Mr. Mark W. Kowlzan, who has been the CEO of the firm since 2010.
- Market Value (as of Jan 1, 2020) - 10.54 billion USD
- Market Cap (as of Aug 22, 2020) - 9.10 billion USD
8) Crown Holdings
Crown Holdings, founded in 1892 under the name of Crown Cork & Seal Company is headquartered in Philadelphia, Pennsylvania, U.S. It's one of the world's top packaging companies and the largest manufacturers of beverage, aerosol, and food packaging, household, specialty packaging as well as a developer of metal closures.
Moreover, it's the top producer of food cans and metal vacuum closure in the world. The company has served the packaging industry in the industrial, luxury goods, beverages, health & beauty, food, household, and promotional sectors.
The company is run by Mr. Timothy Donahue, who has been the CEO of the firm since 2016.
- Market Value (as of Jan 1, 2020) - 9.79 billion USD
- Market Cap (as of Aug 22, 2020) - 10.10 billion USD
9) Smurfit Kappa Group
Headquartered in Dublin, the Republic of Ireland, Smurfit Kappa Group is Europe's largest developer of corrugated cardboard packaging. The company manufactures paper-based packaging, with its locations sustained by a network of paper, forestry, and recycling operations. It's one of the leading providers of paper-based packaging solutions in the world.
Smurfit Kappa Group offers corrugated containers, container boards, and other paper-based packaging products.
The company is run by Mr. Anthony Smurfit, who has been the CEO of the firm since 2015.
- Market Value (as of Jan 1, 2020) - 9.38 billion USD
- Market Cap (as of Aug 22, 2020) - 8.43 billion USD
10) CCL Industries
Headquartered in Ontario, Canada, CCL Industries are a global specialty pioneer and the largest label company in the world. It was founded in 1951 and generates revenue through packaging and labels. It provides labels and makes labels on packets, glasses, and bottles, etc. The company's division, CCL Label proves to be the worldwide supply chain leader of innovative promotional vehicles, and premium packaging for the world's largest agricultural, consumer, and healthcare operations.
CCL provides specialty packaging products and manufacturing services for the non-durable consumer products market. It also provides labels, containers, formulation and manufacturing services, aluminum and plastic specialty tubes, and closures to marketers of personal care, household, cosmetic, pharmaceutical, and specialty food products.
- Market Value (as of Jan 1, 2020) - 7.64 billion USD
- Market Cap (as of Aug 22, 2020) - 6.81 billion USD