Packaging Market 1719306400124
Packaging Market 1719306400124
Domain: Packaging
Sub Domain:Overall Packaging Research
info@mordorintelligence.com
Market Intelligence | Advisory www.mordorintelligence.com
#TOC_DIVIDER#
11 INVESTMENT ANALYSIS
13 ABOUT US
13.1 Industries Covered
Note: Company revenues are mentioned as per the fiscal year in the HQ of the company, and currency conversion is as per the account closure date of the company.
MARKET DEFINITION
The packaging industry is of paramount importance and plays a vital role in the international trade of goods. Packaging can be classified based
MARKET DEFINITION on their type of use, which is primary packaging, secondary packaging, tertiary packaging, and ancillary packaging. It is also segregated on the
basis of the types of materials used, such as plastic, paper and paperboard, glass, and metals. Packaging is used across different end-user
sectors in a wide range of industries, such as food and beverage, healthcare, and cosmetics, among other end-user sectors.
The study on global packaging tracks demands for the major material types such as plastic ( flexible and rigid), metals, glass and paper, and
paperboard, along with corresponding industry verticals and revenue accrued from the sales of packaging products across varied geographies.
SCOPE OF THE STUDY
The study factors in the impact of COVID-19 on the packaging market based on the prevalent base scenarios, key themes (growing demand for
single-use), and end-user vertical-related demand cycles.
#TOC_DIVIDER#
XX%
Market Share, XX, 2023
• The global glass packaging market was valued at USD XX billion in 2024, and it is
expected to register a CAGR of XX%, reaching USD XX billion by 2029. Increasing
consumer demand for safe and healthier packaging is helping glass packaging grow
in different categories. Also, innovative technologies for embossing, shaping, and
adding artistic finishes to glass make glass packaging more desirable among end
users.
• Glass packaging continues to demonstrate its reusability and infinite recyclability,
making it an environmentally friendly choice that appeals to both consumers and
manufacturers. Several manufacturers are consistently innovating glass packaging
products. For instance, in November 2023, SGD Pharma, a primary glass packaging
manufacturer, introduced a new lightweight glass bottle, Nova. With this new 200 ml
bottle range, SGD Pharma is able to reduce approximately 20% CO2 emissions
compared with the standard Dorado bottle and less raw materials consumption.
SAMPLE FIGURE
• Carbonated soft drinks taste best when stored in glass bottles. The thick layer of the
glass bottle doesn’t allow the carbon dioxide present in the drink to escape through
it. This makes the drink look fizzy when stored in a plastic bottle, and the CO2 content
easily leaks out of the plastic compared to a glass jar. Various soft drink vendors are
switching to glass bottles due to the increasing government regulation. For instance,
in July 2023, O-I Glass and FX Matt Beverage Company announced a partnership to
provide new glass packaging solutions. The co-packing partnership allows brands to
innovate with Drinktainer through a streamlined co-packing process.
• Furthermore, factors such as the increasing demand for eco-friendly products and the
rising demand from the food and beverage market are stimulating the market’s
growth. The glass packaging industry saw increased demand from the food and
beverage and pharmaceutical sectors, as the COVID-19 pandemic led to a higher
demand for medicine bottles, food jars, and beverage bottles. About 90% of all glass
containers were used for food and beverage packaging, as per AGI Glaspac.
Source: Krones
Cumene
Alkylation Transalkylation
Propylene
Reactor Reactor
APPLICATIONS
• Cumene can be produced from the • The commercial production of • Three types of acidic catalysts can • Cumene is extensively used in the
distillation of coal tar and petroleum cumene is majorly observed through produce cumene – aluminum production of phenol and acetone. It
fractions or by alkylation of benzene the alkylation process. chloride, solid phosphoric acid (SPA), is also used in the industries
with propylene using an acidic and zeolite catalysts. At present, engaged in producing paints,
catalyst. zeolite catalysts are the most enamels, high-octane aviation fuels,
preferred catalyst for producing etc.
cumene.
SAMPLE FIGURE
CAGR (%)
Plastic Packaging 2022 2023 2024 2025 2026 2027 2028 2029
(2024-2029)
Rigid Plastics
XX XX XX XX XX XX XX XX XX
XX
SAMPLE FIGURE
XX
DETAILED ANALYSIS AVAILABLE IN THE FULL REPORT
Flexible Plastics XX XX XX XX XX XX XX XX XX
Total XX XX XX XX XX XX XX XX XX
SAMPLE FIGURE
PP XX XX XX XX XX XX XX XX XX
PVC XX XX DETAILED
XX ANALYSIS
XX AVAILABLE
XX XX IN THE FULL
XX REPORT
XX XX
PS and EPS XX XX XX XX XX XX XX XX XX
Total XX XX XX XX XX XX XX XX XX
SAMPLE FIGURE
CAGR (%)
Product Type 2022 2023 2024 2025 2026 2027 2028 2029
2024-2029
Folding Cartons XX XX XX XX XX XX XX XX XX
SAMPLE FIGURE
Corrugated Boxes XX XX XX XX XX XX XX XX XX
BUSINESS OVERVIEW
UFlex Limited serves as a one-stop-shop flexible +10,000
packaging solution provider serving varied sectors Employees
spanning FMCG, Consumer Product Goods,
Pharmaceuticals, Building Materials, Automobiles,
and much more. The company offers technologically
superior packaging for snack foods, candy,
confectionery, sugar, rice, and others.
1985
The company is known for manufacturing and Founded
supplying products, delivering customized, flexible
packaging solutions and services across the globe to
become an inextricable part of customers’ lives.
The company provides packaging films in India,
UAE, Mexico, Egypt, Poland, USA, Russia, Hungary,
and Nigeria (Cumulative Capacity - 5,10,000 TPA) Noida, India
and packaging products at multiple locations in Corporate Office
India (Current Capacity - 1,70,000 TPA).
Source: uflexltd.com, Company presentation, Annual Report of Year Ending on 31st March 2023
8,914.86
Engineering Activities
UFLEX LIMITED, REVENUE FROM OPERATIONS IN INR CRORE, GLOBAL, UFLEX LIMITED, NET PROFIT AFTER TAX IN INR CRORE, GLOBAL, 2021-2023
2021-2023
1,099.43
14,662.51
13,127.14
843.68
8,888.90
480.76
Source: uflexltd.com, Annual Report of FY- 2023 Year Ending on 31st March 2023
STRENGTHS WEAKNESS
• The company has a strong strategic intent of continuously expanding its • The disruption in the global supply chains because of the COVID-19
manufacturing facilities in domestic and international markets, such as pandemic illustrated the fragile nature of the Uflex supply chain. Uflex is still
operations in the Americas, Europe, the Middle East, Asia, and Africa, to heavily dependent upon the existing supply chain. Though the current
grab the opportunities in the new market and cater to the increased supply chain brings cost efficiencies, it has left Uflex vulnerable to further
demand. global disruptions in Southeast Asia.
• Uflex’ has a strong client base globally, which includes Coca-Cola, Amul,
Radico Khaitan, P&G, Pepsico, ITC, Britannia, Fresco, Amul, Kimberly Clark,
Reckitt, Dabur, ITC, Perfetti, GSK, Agrotech Foods, Mars Wrigley, Amcor,
Mondi, UPM Raflatac among others.
OPPORTUNITIES THREATS
• The global flexible packaging market is expanding due to increased e- • Manufacturers are shifting their strategies toward circularity due to
commerce sales and demand from various end-use industries. On the other stringent government regulations, shifting consumer preferences, and
hand, the growth is somewhat stifled by stringent packaging regulations. environmental pressures. Key focus areas for manufacturers include the
However, the company is anticipated to see lucrative opportunities from development of alternative bioplastics solutions, such as polybutylene
sustainable and new flexible plastic packaging solutions. succinate and biopolypropylene, along with the price and disposal of
• With the transition from semi-flexible packaging to advanced flexible packaging, bioplastics.
flexible packaging technologies have significantly changed in recent years. Due • Due to the numerous vendors operating, the Flexible Packaging Market is
to their improved protection and recycling benefits, the rising wave of new highly competitive. The major players appear to be moderately
technologies, such as flexible packaging based on bioplastics, is creating concentrated in the market, employing tactics like product innovation,
significant potential opportunities for applications in healthcare, cosmetics and mergers, and acquisitions to remain competitive.
toiletries, and food and beverage.
Source: Verallia Packaging SAS Company Website and Annual Report, Mordor Intelligence
761.3
3,904.0
3,351.50 558.3
2,674.0
393.1
VERALLIA PACKAGING SAS, REVENUE BREAKDOWN (%), VERALLIA PACKAGING SAS, REVENUE BREAKDOWN (%),
BY COUNTRY OF ORIGIN, 2023 OPERATING SEGMENT, 2023
11.11% Food
10.00% Southern and Western Europe 17.17%
Still Wines
12.12%
25.00%
Northern and Eastern Europe Sparkling Wines
65.00%
Spirits
16.16%
31.31%
Latin America
Beer
12.12%
Non-alcoholic beverages
Source: Verallia Packaging SAS, Annual Report for the Financial Year Ended December 2023
• The company operates under three major segments in the market as mentioned
below.
• BOTTLES: The bottles offered by the company are healthy, aesthetically pleasing, TECHNOLOGY STRATEGIES
sustainable, and recyclable. As glass is a choice for beverage producers and a major
component in their marketing strategy, the company offers the widest category of
standard products. The company also offers customized bottles specific to the
customer in different shapes and colors. • The company successfully leveraged its global network of multiple manufacturing
• It caters to all types of beverages, like still wines, sparkling wines, spirits, beers, facilities to efficiently serve its global network of more than 10,000 customers. It may
and soft drinks. continue with its strategy of using recycling as one of the fundamental properties of
its environmental policy, and it may optimize the utilization of glassmaking waste
• It offers bottles with a capacity ranging from 50 ml to 15 l. wherever possible.
• It offers 18 different colors, from extra flint to extra black. • In November 2022, Verallia, a manufacturer of glass containers for food and drinks,
• JARS: The company offers a wide range of products preferred by the food industry agreed to acquire Allied Glass, a UK market leader in high-end glass packaging for
throughout the world. It also provides customized jars in different shapes and sizes. premium spirits. Both companies share the same values of customer care and
teamwork, and this acquisition will allow Verallia to benefit from Allied's expertise in
• It caters to all types of food products, including baby food, dairy products, jams, premium glass bottles, especially in the Scotch Whisky and Gin industries. With this
honey, spreads, condiments, sauces, preserves, etc. acquisition, Allied Glass has become part of a leader in glass containers for food and
• It comes in multiple shapes with diversified closing and opening systems. beverage, giving it access to new expertise and a long-term vision.
• The capacity ranges from 30 ml to 3 l. • It may continue to enhance its products through differentiation and co-development
to provide the best response to emerging needs and evolving consumer habits.
• SELECTIVE LINES: It is the high-end International brand of the company with more
Additionally, the company may continue to innovate by introducing new packaging,
than 300 standard references. The collection provides premiumization of the market
decorations, and specific colors.
for still and sparkling wines, spirits, beers, soft drinks, and oil. The in-house expert
glassmakers and decorators help to create unique bottles, enhancing the brand • Verallia Group has been digitizing its industrial facilities to automate industrial
image of the consumers. processes, improve glass packaging quality, and optimize energy and raw materials
consumption. Industry 4.0 allows the company's teams to concentrate on managing
more strategic tasks by forming more security and comfort and better operational
flexibility in the design of each digitization project.
40 SAMPLE - GLOBAL PACKAGING MARKET Copyright © 2024 Mordor IntelligenceTM
SCOPE OF THE REPORT SAMPLES RESEARCH METHODOLOGY CREDENTIALS ABOUT US
STRENGTHS WEAKNESS
• The company is one of the key producers of glass container packaging, and • In the beer packaging segment, the company has limited products. Most of
it is one of the prominent brands in the world. It has a well-established the competitors have much wider offerings that target customers of all
global network. sizes.
• The company has strong manufacturing capabilities that help it meet the • Any fluctuation in demand for the bottles and containers needed may limit
increasing demand for its products. It has an industrial presence in 11 the company’s overall revenue across its operational regions soon.
countries, with five technical and 13 development centers. It maintains its
relations with customers through 10,000 employees.
OPPORTUNITIES THREATS
• It already has a foothold in some of the emerging markets in the world. This • The company is expected to face considerable competition from domestic
can be leveraged to gain further market shares, thus generating several and international players. The company faces competition in product
opportunities across these emerging economies. quality, price, customer base, geographical presence, industrial facilities,
premium clients, etc.
• The company’s selective line has more than 300 standard references of
premium international brands. Such partnerships may bring growth • The company may have to streamline its product offerings to prevent losing
opportunities to the company by enhancing the brand image and the market share to these players across its operating geographies.
benefitting the latest innovations in the products.
• With the worldwide packaging industry growing steadily, particularly in E- • The market is focusing on innovations, acquisitions, partnerships, investment in
commerce, hygiene, pharmaceutical, and medical packaging, various market capacity expansions, increasing demand from the food industry, increased Eco-
vendors are focusing on acquisitions as a part of a growth opportunity to gain friendly packaging and recycled products, changing demographics and lifestyle
considerable market share. factors, and stringent government regulations, creating various growth
opportunities for the market vendors.
• The dynamic lifestyles and the consequent dependence of consumers on
processed, packaged, and pre-cooked food are also augmenting the sales of plastic • In February 2024, Mondi, a global provider of sustainable packaging and paper is
bottles and containers. This trend bolsters the sales of plastic products, owing to announced expansion of its production of innovative range of paper-based
their superior barrier properties, convenient format, high-quality printability, and EcoWicketBags in response to increasing demand for sustainable packaging in the
prudent usage of material resources. According to the India Plastics Pact, in 2023, home and personal care (HPC) industry, especially for products like diapers and
primary packaging constituted 91% of plastic packaging in India, while secondary feminine hygiene products.
packaging accounted for 9%.
• In October 2023, Eviosys, a supplier of metal packaging for various consumer
• Growing global population and rising disposable incomes lead to increased products including pet food, invested EUR 8 million (USD 8.37 million) to expand its
demand for packaged food and beverages. Advancements in packaging operations in Portugal and Spain. This investment would enable the company to
technology enhance shelf life, reduce food waste, and cater to convenience, which increase its production capacity for two-piece cans in three of its facilities.
are the ongoing trends creating demand for packaging products.
#TOC_DIVIDER#
• Mordor Intelligence (MI) advocates an appropriate mix of secondary and primary research to meet Client objectives.
• MI translates market insights (market dynamics, competition, varying consumer demands, and regulations) into actionable business insights.
• Following phases are practiced at Mordor for efficient delivery of various syndicated and consulting assignments.
Decipher Client Requirements/ Market to be Extensive desk research to identify most Triangulate and analyze data to finalize on
studied relevant secondary information available actionable business insights
Tailor made research approach for Contact Mordor’s empaneled experts and Finalize report contents and establish a
customized reports identify industry experts across the market deliverable format
Data collection and aggregation • Investor presentations, technical brochures, annual reports, press releases, transcripts
of key personnel interviews, and other strategic publications by several competitors
in the market.
Further validated from expert interviews
• Product information, including technical specifications, approvals, patents, etc.
• Packaging Vendors
• At Mordor, we continuously strive to pool in industry experts across the value chain,
to gather first-hand insights on the market studied. In addition to this knowledgeable
industry veterans or retired experts, consultants and freelancers are a call away to
Expert profile determination collaborate with Mordor on any assignment which requires real-time industry
insights.
Based on industry, role, experience, and
location • Also, we conduct market surveys to gather qualitative insights and opinion of a group
of individuals related to the industry.
• Primary research is used both to validate the data points obtained from secondary
Expert identification research and to fill the data gaps after secondary research.
Interviews spread across regions based on a Blind interviews without revealing the sponsor of
SPREAD OF INTERVIEWS regional share in the overall market BLIND/ OPEN INTERVIEWS this study
TOP-DOWN BOTTOM-UP
APPROACH APPROACH
SECONDARY RESEARCH EXPERT INTERVIEWS
Macro view of a larger Revenue analysis of
market filtered down to Expert interviews leading players or
the target market consumption centers
DATA VALIDATION
TRIANGULATION POINT
#TOC_DIVIDER#
#TOC_DIVIDER#
SNAPSHOT
HANDCRAFTED On-the-ground industry experts in
RESEARCH SOLUTIONS 100+ countries
IN-DEPTH 3000+
CONSULTATION Clients served globally
+1-617-765-2493
info@mordorintelligence.com DEDICATED ANALYST
SUPPORT 250+
www.mordorintelligence.com
In-house analysts
• IoT, Big Data, M2M • Adhesives & Sealants • Apparel, Footwear, Accessories • Packaging Materials & Types
• Analytics • Advanced Materials • Appliances • Food Packaging
• Cloud Computing • Aromatics and Intermediates • Cosmetics • Beverage Packaging
• Information Technology • Composites • Furniture • Pharmaceutical Packaging
• Data Centers • Construction Chemicals & Materials • Household Care • Household Packaging
• Software & Solutions • Metals, Ceramics, Industrial Materials • Luxury Goods & Services • Personal Care Packaging
• Telecommunications • Paints & Coatings • Personal Care • Industrial Packaging
• IT Hardware • Plastics, Polymers, Elastomers • Recreational Goods • Advanced Packaging
• Internet • Specialty & Fine Chemicals • Sports & Fitness • Country-Level Packaging Industry Analysis
• Security • Water & Wastewater Treatment • Packaging Equipment
• Advanced Technologies
Any information and/or material provided by Mordor Intelligence, including any and all the analysis and/or research from Mordor Intelligence, is provided
to a selected group of customers, response to for such information, material, analysis, and/or research. As a customer of Mordor Intelligence, you
acknowledge that information, material, and/or services are for internal use only, and not for any external use and/or dissemination, or general publication,
and/or disclosure to any third parties.
Any and all of the information and/or material provided by Mordor Intelligence are based on primary interviews and/or secondary research, are therefore,
subject to fluctuation and variance. Mordor Intelligence takes no responsibility for any incorrect information and/or material supplied to us by sources we
rely on, and no part of our analysis or research may be given, lent, resold, or disclosed to any third parties, including non-customers, without explicit or
written permission from Mordor Intelligence.
Unauthorized reproduction and/or transmission of our information, material, analysis, and/or research in any form and by any means, including
photocopying, mechanical/electronic recording, or otherwise, without the explicit and written permission of Mordor Intelligence, is expressly and clearly
prohibited.
Any use of the information, material, analysis, and/or research provided by Mordor Intelligence is at your sole risk; you acknowledge that the information,
material, analysis, and/or research is provided "as is" and that Mordor Intelligence provides no warranty of any kind, express or implied, with regard to the
information, material, analysis, and/or research, including but not limited to, merchantability and fitness for any purpose and/or use.
info@mordorintelligence.com
www.mordorintelligence.com