Amcor plc, DuPont, Sonoco Products Company Dominated the Global High Barrier Packaging Films Market in 2021

Global High Barrier Packaging Films Market is expected to grow with a CAGR of 7.8% in the forecast period of 2022 to 2029. The years considered for the study are as mentioned below.

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Global high barrier packaging films 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 a favorable market scenario.

The major players in the Global high barrier packaging films market are introducing a wide range of products. This helped companies to maximize sales with an enhanced product portfolio.

For instance,

  • In March 2022, Amcor plc received three 2022 Flexible Packaging Achievement Awards, winning across multiple categories out of a record number of entries. The awards have recognized Amcor for solving complex customer challenges, advancing sustainability and elevating the overall contribution of flexible packaging. This will enhance the company's market value.

Some of the prominent participants operating in the global high barrier packaging films market are Advanced Converting Works, Constantia Flexibles, HPM GLOBAL INC, FLAIR Flexible Packaging Corporation, ClearBags, Perlen Packaging, OLIVER, Celplast Metallized Products, Toray Plastics (America), Inc. (a subsidiary of Toray Industries Inc), ISOFlex Packaging, KREHALON, MULTIVAC, BERNHARDT Packaging & Process, Sonoco Products Company, Sealed Air, WINPAL LTD., Schur Flexibles Holding GesmbH, Amcor Ltd.

Amcor plc

Amcor plc is headquartered in Zurich, Switzerland. Public ownership and was founded in 1860. The company develops and produces responsible packaging for food, beverage, pharmaceutical, medical, home and personal care, and other industries. The company has several business categories, Flexibles and Rigid Packaging, out of which Flexibles and Rigid Packaging are focused business categories. The company has several product categories: Capsules and Closures, Cups and Trays, Equipment, Flexible Packaging, Plastic Bottles and Jars, and Specialty cartons, out of which Flexible Packaging is a focused product category. The company has a wide global presence across Europe, North America, Asia-Pacific, South America and the Middle East and Africa. The company have subsidiaries which are Bemis Company (U.S.), KMJ Pty Ltd (Australia); Amcor Sunclipse North America (U.S.); Amcor Rigid Plastics USA, LLC (U.S.), Amcor Wisconsin, LLC (U.S.) among others.

  • In March 2022, Amcor plc received three 2022 Flexible Packaging Achievement Awards, winning across multiple categories out of a record number of entries. The awards have recognized Amcor for solving complex customer challenges, advancing sustainability and elevating the overall contribution of flexible packaging. This will enhance the company's market value.
  • In April 2022, Amcor plc increased the use of advanced recycling materials leveraging ExxonMobil's Exxtend technology. The company has leveraged this new material across its Global portfolio, providing customers in the healthcare and food industries with circular content in a variety of solutions and applications. This will help the company to get recognition.

DuPont

DuPont is headquartered in Delaware, U.S., as public ownership and was founded in 1802. The company is engaged in manufacturing a broad range of technology-based performance materials, products, and solutions. The company has business categories: Electronics & Industrial, Mobility & Materials, Water & Protection out of which Mobility & Materials is a market-focused product. The company have a product which are Construction Materials, Fabrics, Fibers & Nonwovens, Packaging Materials & Solutions, Personal Protective Equipment, Solar / Photovoltaic Materials, Medical Devices & Materials, Water Solutions, Electronic Solutions, Adhesives, and Resins out of which Packaging Materials & Solutions is a market-focused product. The company has a wide global presence across North America, Asia-Pacific, Europe, the Middle East, Africa, and South America. The company have subsidiaries which are E.I. DuPont Canada Co (Canada); DuPont (Korea) Inc (South Korea); Laird Performance Materials (U.S.); DuPont (Australia) Ltd (Australia); Danisco (Denmark); among others.

  • In July 2021, DuPont successfully acquired Laird Performance Materials, a world leader in high-performance electromagnetic shielding and thermal management solutions. This will help the company gather a strong market position.
  • In May 2021, DuPont's Mobility & Materials division invested USD 5 million in capital and operating resources at its manufacturing facilities in Germany and Switzerland to increase their capacity. This will enhance the company's market value.

High Barrier Packaging Films Market

Sonoco Products Company

Sonoco Products Company is headquartered in South Carolina, the U.S., and as public ownership, it was founded in 1899. The company is engaged in manufacturing sustainable packaging solutions that help build customers' brands and enhance the quality of their products. The company has business categories: Consumer Packaging, Industrial Paper Packaging, and All Others, out of which Consumer Packaging are focused business categories. The company has several product categories: Consumer Packaging, Industrial Packaging, Protective Packaging, Healthcare Packaging, and Consumer Packaging is a focused product category. The company has a wide global presence across North America, Europe, Greater China, Asia Pacific, Latin America, India, Middle East & Africa. The company have subsidiaries which are Thermoform Engineered Quality LLC (U.S.); Tegrant Corporation (U.S.); Tegrant Alloyd Brands, Inc. (U.S.); Sonoco Trident Ltd. (U.S.); ThermoSafe Brands, Inc. (U.S.) among others.

  • In April 2022, Sonoco Products Company acquired the remaining one-third interest in its Sonoco do Brasil Participacoes, Ltda, a Brazil-based flexible packaging joint venture from private investors.

In January 2022, Sonoco Products Company acquired Ball Metalpack, a leading manufacturer of sustainable metal packaging for food and household products. The largest aerosol can become a producer in North America. This acquisition will increase the company's market presence.