LONDON--(BUSINESS WIRE)--Technavio has announced the top five leading vendors in their recent e-commerce packaging market in APAC report. This market research report also lists six other prominent vendors that are expected to impact the market during the forecast period.
Competitive vendor landscape
According to the research analysis, the e-commerce packaging market in APAC is highly fragmented because of the presence of many multinational, regional, and local vendors. It is characterized by the presence of diversified companies at local, regional, and international levels. The domestic players have increased the bar of competition by offering high-end packaging solutions at a rate lower than the international players. The smaller and domestic vendors are competing in terms of cost as it is not possible for them to compete with international vendors in terms of distinctive features of packaging, quality, and a diversified range of product offerings.
“The performance of e-commerce packaging vendors is affected by the changing customer tastes and preferences, evolving demographic trends, spending patterns of customers, the rise in living standards of customers, and the ever-changing domestic, as well as international economic conditions. People's busy lifestyle has also encouraged them to shop online, which has further influenced the e-commerce packaging market,” says Sharan Raj, a lead packaging research analyst from Technavio.
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Technavio market research analysts identify the following key vendors:
Amcor manufactures and supplies a wide range of flexible and rigid packaging products, specifically for personal and home care, food and beverage, and healthcare industries. At present, the company is operating at over 190 sites in 43 countries across the world.
International Paper is a paper and packaging company with the majority of market and manufacturing operations located in Latin America, North America, Europe, Russia, Africa, Asia, and the Middle East. The company owns and manages 24 pulp and paper, and packaging mills.
Mondi is an international packaging and paper group. The company uses cohesive manufacturing practices for the paper and packaging value chain by managing forests and manufacturing pulp, paper, and compound plastics, for developing innovative consumer and industrial packaging solutions. The company caters to customers across the world, with Russia, North America, Central Europe, and South Africa being its prominent customers.
Rengo offers a wide range of products in the packaging market comprising of paperboard and flexible and heavy-duty packaging solutions. In December 2016, Rengo expanded its heavy-duty corrugated packaging business by acquiring Tri-Wall Group's business, which globally owns heavy-duty corrugated business packaging brands, including Tri-Wall Pak and Bi-Wall Pak.
WestRock is primarily involved in corrugated packaging and consumer, with the corrugated packaging segment accounting for close to 55% of the market share in 2016. In October 2016, WestRock and CDF Corp. announced the launch of Meta Pail, a sustainable replacement to rigid pails for packaging of semi-viscous and dry products.
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Technavio is a leading global technology research and advisory company. The company develops over 2000 pieces of research every year, covering more than 500 technologies across 80 countries. Technavio has about 300 analysts globally who specialize in customized consulting and business research assignments across the latest leading edge technologies.
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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