LONDON--(BUSINESS WIRE)--Technavio has announced the top six leading vendors in their recent global fruit juice packaging market report. This research report also lists 16 other prominent vendors that are expected to impact the market during the forecast period.
Competitive vendor landscape
The global fruit juice packaging market is extremely competitive and has both global and local diversified vendors. Prominent international players are increasing their global footprint, which poses a difficulty for domestic vendors. These vendors are finding it difficult to compete with international vendors in terms of features and price. Manufacturers are launching products with enhanced aesthetics to attract consumers. Packaging plays a pivotal role in highlighting product quality and improving the brand value.
According to Sharan Raj, a lead analyst at Technavio for research on packaging, “Vendors like Tetra Laval and Ball have expanded their production portfolio by adding new production lines. These vendors are also launching latest packaging solutions that are specifically targeted to the beverage industry.”
The report also highlights the competitive nature of the market, where vendors not only have to develop new products but also have to compete on price while catering to the core requirements of their customers. Some of the leading players in the market are Amcor, Ball, Bemis, Crown Holdings, Smurfit Kappa, and Tetra Laval International.
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Top six global fruit juice packaging market vendors
Amcor
Amcor was incorporated in 1926 and is headquartered in Hawthorn, Victoria, Australia. The company supplies a wide range of rigid and flexible packaging products, specifically for the beverage, food, healthcare, personal and home care, and tobacco industries. The company operates over 190 sites in 43 countries and has over 29,000 employees. For the FY2015, the company generated a revenue of USD 9.61 billion.
Ball
Ball was founded in 1880 and is headquartered in Broomfield, Colorado, US. The company and its subsidiaries manufacture metal packaging products for the beverage, food, and household industries.
The company has more than 14,500 employees and 23 plants in the US. It also manufactures innovative aerospace systems through its aerospace and technologies segment.
Bemis
Bemis was established in 1885 and is headquartered in Neenah, Wisconsin, US. The company focuses on manufacturing and distributing packaging products, mainly for the food industry worldwide.
Its other customers include companies in the different sectors such as chemical, medical, pharmaceutical, personal care, agribusiness, automotive, electronics, construction, and other consumer goods. As of December 2014, the company had 17,000 employees. It had generated a revenue of USD 4.34 billion and spent USD 44.1 million on R&D.
Crown Holdings
Crown Holdings was founded in 1892 and is headquartered in Philadelphia, Pennsylvania, US. The company manufactures packaging products for consumer goods.
As of December 2014, the company operated 149 plants along with the sales and service facilities in 40 countries. During FY2014, the company had 23,000 employees and generated a revenue of USD 9.09 billion.
Smurfit Kappa
Smurfit Kappa was founded in 2007 and is headquartered in Dublin, Ireland. The company manufactures paper-based packaging products. It offers containerboard, containers, and other paper-based packaging products including solid board, graphic board, and bag-in-box.
As of December 2014, the company reported annual revenue of USD 10.74 billion. The company operates in 21 countries in Europe and 12 countries in the Americas. It has 350 production sites in 33 countries.
Tetra Laval
Tetra Laval was established in 1993 and is headquartered in Pully, Switzerland. The company provides packaging technologies for the food and beverage industry.
As of December 2014, the company had 33,760 employees; it operated in more than 100 countries. It has more than 25 R&D facilities, 70 production plants, and 20 training centers worldwide. The group has established a worldwide network of academics, farmers, scientists, research facilities, sales teams, and authorized distributors. It had generated a revenue of USD 17.89 billion for FY2014.
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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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