Amcor plc, DS Smith, Klöckner Pentaplast dominated the Asia-Pacific Hot Fill Packaging Market in 2020

The Asia-Pacific Hot Fill Packaging Market is expected to grow with a CAGR of 5.0% in the forecast period of 2021 to 2028. The years considered for the study are as mentioned below:

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The Asia-Pacific hot fill packaging market is a highly consolidated market, which includes a specific number of key players and local players. The market has witnessed increased strategic developments owing to favourable market scenarios.

The major players dealing in the Asia-Pacific hot fill packaging market are introducing a strong range of product portfolios. This helped companies to maximize sales with an enhanced product portfolio.

For instance,

• In March 2021, Amcor plc partnered with End Plastic Waste, an international non-profit organization. This partnership helped the company join with the five other packaging companies, thereby attracting a larger consumer base

Amcor plc leads in the Asia-Pacific hot fill packaging market. Some of the other major players operating in the Asia-Pacific hot fill packaging market are Berry Global Inc., DS Smith, Samkin Industries, SAMYANG PACKAGING CORPORATION, Klöckner Pentaplast, SMYPC, Borealis AG, LOG Plastic Products Company Ltd., among others.

Amcor plc

Amcor plc has headquarters in Zürich, Switzerland, and was founded in 1926.  It has public ownership. The company focuses on providing excellent packaging material for all types of end users to meet the growing demands for hot fill packaging. The company has a wide range of product categories such as Beverages, Food, Healthcare, Home Care, Personal Care, Pet Care, Specialty Cartons, and Technical Applications, which are also market-focused categories.

For instance,

• In April 2019, Amcor plc launched new recyclable packaging to reduce a pack's carbon footprint by up to 64%. This product launch helped the company to increase the product portfolio and increase their sales

The company has a presence in North America, South America, Europe, Asia-Pacific, Middle East and Africa. The company has various subsidiaries such as Amcor Finance (U.S.), Bemis Company, Inc, Amcor UK Finance plc. (U.K.)

DS Smith

DS Smith has headquarters in the U.K. It has public ownership. The company focuses on manufacturing corrugated case materials and specialty papers, providing recycling and waste management services, and plastic packaging. The company offers various product categories such as Packaging Solutions, Recycling Services, Paper Products, among which Packaging Solutions is the market-focused category.

• In March 2020, DS Smith and Aquapak, an innovative developer of biodegradable polymer, were teamed up to develop the next generation of packaging solutions. This partnership enabled the company to expand its R& D to increase sales and revenue

The company has a presence in Europe, Asia-Pacific, the Americas, the Middle East and Africa.

Klöckner Pentaplast

Klöckner Pentaplast has headquarters in the U.K., and was founded in 1965. It has private ownership. The company focuses on the innovation, design, and manufacture of sustainable solutions that their customers use to package and protect products in daily solutions around the globe. The company offers various product categories such as Pharma and Medical, Consumer Packaging, Food Packaging, Labels, Cards and Graphics, Home Building and Construction, among which Consumer Packaging is the market-focused category.

For instance,

• In June 2020, Klöckner Pentaplast was awarded a gold rating by Ecovadis for their social and ethical performance. This benefitted the company to attract a larger consumer base and thereby increasing the sales and revenue

The company has a presence in the Americas, Europe, and Asia-Pacific.