LONDON--(BUSINESS WIRE)--Technavio has announced the top six leading vendors in their recent global milk packaging market report. This research report also lists 25 other prominent vendors that are expected to impact the market during the forecast period.
Competitive vendor landscape
The global milk packaging market is highly fragmented because of the presence of local and international vendors. In addition, many companies in this market are also present in other categories of packaging such as plastic bottle packaging and paperboard packaging. As a result, intense price competition among the numerous vendors is a common feature of this market. It affects the vendor's profitability, as they tend to reduce product cost in order to remain competitive.
“Global players are focusing on entering into strategic agreements for acquiring small local companies for expanding its product offerings along with its geographical reach worldwide, which is again providing competition to the micro, small, and medium enterprises,” says Sharan Raj, a lead analyst at Technavio for packaging research.
In 2014, Elopak partnered with Sun-Rype Products to offer Pure-Pak cartons in North America, which has given tough competition to other companies. Vendors such as Evergreen Packaging are producing creative and sustainable packaging solutions for the food and beverage industries. Some of the leading players in the market are Amcor, Ball, Evergreen Packaging, Elopak, INDEVCO, and Tetra Pak.
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Top six milk packaging market vendors
Amcor was incorporated in 1926 and is headquartered in Victoria, Australia. The company supplies a broad range of rigid and flexible packaging products specifically for the food and beverage, healthcare, personal and home care, and tobacco industries. The company operates over 190 sites in 43 countries and employs over 29,000 people. In FY2015, the company generated a revenue of USD 9.77 billion.
Ball was founded in 1880 and is headquartered in Broomfield, Colorado, US. The company and its subsidiaries manufacture metal packaging products for food and beverage and household industries. It also designs, develops, and manufactures innovative aerospace systems through its aerospace and technologies segment. Ball announced the acquisition of Rexam, but it is subject to approval by the regulatory authorities. In FY2015, the company generated a revenue of USD 7.99 billion.
Elopak was established in 1957 and is headquartered in Oslo, Norway. The company designs, manufactures, and markets paper-based packaging solutions for liquid food worldwide. It is a global leader in providing complete packaging solutions to the food industry.
June 2015: Launches its new filling technology, the Pure-Pak Aseptic platform, to increase its offering to include ultra-high temperature gable top cartons for milk
INDEVCO was founded in 1955 and is headquartered in Ajaltoun, Lebanon. The company manufactures and sells paper and plastic flexible packaging, corrugated containers, and displays.
The company produces computer numerical control machined parts and converting machines, develops automation and power distribution solutions, and supplies renewable energy solutions. It also undertakes the manufacturing of household, personal care, and institutional disposables for the retail and away-from-home markets.
Evergreen Packaging is headquartered in Memphis, Tennessee, US. The company is focused on producing fiber-based packaging solutions for beverage and food applications. These packaging solutions are customized as per the requirements of the customer for improving brand distinction and product differentiation. It also focuses on providing technical support, service, and equipment helping to achieve product differentiation and efficient operation.
The company operates six converting plants, two paper mills, and an equipment design and manufacturing facility. It has operations in countries such as China, El Salvador, Taiwan, and South Korea, as well as joint ventures in North Africa and the Middle East.
Tetra Pak was founded in 1951 and is headquartered in Lausanne, Switzerland. The company undertakes the design and manufacture of processing and packaging equipment for food and beverage sectors worldwide. The company employs over 23,460 people and serves customers in over 175 countries.
The company operates 8,875 packaging machines, 69,900 processing units, 19,167 distribution units, five factories for machine assembly, 37 production plants, 32 market companies, 82 sales offices, 13 technical training centers, and six R&D centers. In 2014, Tetra Pak delivered 484 packaging machines, 1,847 processing units, and 1,425 distribution units. It sold 78,223 liters of products in Tetra Pak packages, and 179,888 Tetra Pak packages. In FY2014, the company reported a revenue of USD 14.48 billion.
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Technavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users.
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