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Multi-functional Packaging Market Share

Report ID: GMI11618
Published Date: Sep 2024
Report Format: PDF

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Multi-functional Packaging Market Share

Amcor plc and Sealed Air Corporation are among the key players in the market. Amcor plc is a prominent player in the market due to its extensive expertise and innovative capabilities in packaging solutions. The company's commitment to sustainability and technological advancement has positioned it as a leader in developing cutting-edge multi-functional packaging products. Amcor's broad portfolio includes advanced solutions such as smart packaging and eco-friendly materials, which cater to diverse industry needs including food & beverages, pharmaceuticals, and personal care.

The company's global reach and robust R&D infrastructure enable it to address evolving consumer demands and regulatory requirements effectively. Additionally, Amcor's focus on sustainability and reducing environmental impact aligns with the growing market preference for packaging solutions that are both functional and environmentally friendly.

Sealed Air Corporation is a key player in the multi-functional packaging market, recognized for its innovation in protective and specialized packaging solutions. The company's expertise in developing high-performance materials and technologies, such as bubble wrap and specialized films, enhances product safety and extends shelf life. Sealed Air's multi-functional packaging solutions are designed to meet the demands of various industries, including food & beverages, healthcare, and e-commerce, by providing enhanced protection, convenience, and efficiency.

The company's strong focus on sustainability and operational excellence further supports its position as a leader in the market, with initiatives aimed at reducing plastic use and incorporating recyclable materials into its packaging solutions. Sealed Air's global presence and continuous innovation ensure that it remains at the forefront of the multi-functional packaging industry.

Multi-functional Packaging Market Companies

Major players operating in the multi-functional packaging industry are:

Amcor plc
Sealed Air Corporation
Berry Global Group, Inc.
Sonoco Products Company
Schur Flexibles
Mondi Group
WestRock Company

Authors: Suraj Gujar , Sandeep Ugale

Frequently Asked Questions (FAQ) :

The multi-functional packaging industry was valued at USD 12.8 billion in 2023 and is expected to grow at a CAGR of over 7% between 2024 and 2032, driven by rising consumer preference for convenience-driven products.

The biodegradable materials segment is expected to register a CAGR of over 10% over the forecast period. These materials are becoming increasingly important due to rising concerns over environmental sustainability.

North America dominated the global market in 2023, accounting for a share of over 35%. The market in this region is expanding due to high consumer demand for convenience, advanced technology, and enhanced product safety. Significant investments in smart and interactive packaging solutions also drive growth.

Major companies operating in the industry include Amcor plc, Sealed Air Corporation, Berry Global Group, Inc., Sonoco Products Company, Schur Flexibles, Mondi Group, and WestRock Company.