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Some of the major market players operating in the pet food packaging industry are Amcor plc, Mondi Group, Sonoco Products Company, Berry Global, Inc., Sealed Air Corporation, and Huhtamäki Oyj among others. These players focus on strategic partnerships, new product launch & commercialization for market expansion. Furthermore, these players are heavily investing in research that allows them to introduce innovative products and garner maximum revenue in the market.
In June 2019, Purchasing US$6.8 billion, Amcor and Bemis have joined hands together as a global packaging giant but currently using the name Amcor plc. The buyout of this company forms part of strategic efforts to increase plastics packaging in America and Asia. This merger is called a takeover, or “offensive” expansion which gives them more leverage and makes it strong in the regions, hence, their world position on the packaging sector.
Major players operating in the pet food packaging industry include: