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Secondary Packaging Market Share

Report ID: GMI11331
Published Date: Sep 2024
Report Format: PDF

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Secondary Packaging Market Share

Mondi Group and Smurfit Kappa held a significant share in secondary packaging market. Mondi Group plc held a major share in the secondary packaging market due to its broad portfolio of sustainable and innovative packaging solutions, including paper-based products. The company's focus on environmental sustainability, offering recyclable and biodegradable options, aligns with global trends pushing for greener packaging alternatives. Its strong presence across multiple industries, including food, beverages, consumer goods, and e-commerce, helps drive demand for its products. Additionally, Mondi's strategic investments in technology and infrastructure further strengthen its competitive position in the European secondary packaging market.

Smurfit Kappa held a major share in the secondary packaging market due to its strong focus on sustainable solutions, extensive product portfolio, and established global presence. The company’s innovative designs in paper-based packaging, including corrugated boxes, folding cartons, and paper bags, cater to diverse industries such as food & beverage, e-commerce, and consumer goods. Additionally, Smurfit Kappa’s advanced recycling capabilities and eco-friendly practices align with increasing consumer and regulatory demands for sustainable packaging, further consolidating its leadership in the secondary packaging sector.

Secondary Packaging Market Companies

Major players operating in the secondary packaging market are:

Mondi
Smurfit Kappa
Huhtamaki Oyj
Coveris
Stora Enso
International Paper Company

Authors: Suraj Gujar , Sandeep Ugale

Frequently Asked Questions (FAQ) :

Secondary packaging market size was USD 259.48 billion in 2023 and is expected to register over 5% CAGR from 2024-2032 due to the surge in e-commerce worldwide.

Secondary packaging industry from the paper & paperboard segment held over 42% share in 2023 and is expected to register an appreciable CAGR from 2024-2032 due to their sustainability and versatility.

North America secondary packagi.ng industry held over 32% share in 2023 and is expected to register a commendable CAGR from 2024-2032 due to advanced infrastructure and a strong emphasis on innovation and sustainability in the region.

Amcor plc, Berry Global Inc., Packaging Corporation of America, Stora Enso Oyj, Westrock Company, Ball Corporation, and International Paper Company, are some of the major secondary packaging companies worldwide.