Here's What Industry Insiders Say About Advancement In Packaging Materialby Global Market Research Analyst
According to the International Packaging Institute, Switzerland; packaging is defined as enclosure of a commodity in a wrapped pouch, bag, box, cup, tray, can, tube, or another container form to perform any or a combination of the functions given below. Following are the functions containment, brand communication, protection, preservation, information, and convenience.
Major Players in Packaging Industry
A few of the major players in the packaging industry are as follows.
By market revenue, Ball Corporation is the largest packaging company in the world currently. It was founded in 1880 by five brothers and is headquartered in Broomfield, Colorado, US. They offer metal packaging products, especially for food and beverages. Mr. John Hayes is the current CEO.
International Paper Company headquartered in Memphis, Tennessee was incorporated in 1941. It is one of the leading manufacturers of fiber-based packaging. They have their operations across five continents; Asia, North America, South America, Europe, and Africa. They specialize in consumer packaging for cosmetics, corrugated packaging, and food service packaging. International Paper Company is run by Mr. Mark Sutton who has been the CEO of the firm since 2014.
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