Leading Players Concentrate on APEJ for Expansion, DS Smith Focuses on Acquisitions
According to the global dairy products packaging market report by Future Market Insights, Asia Pacific (excluding Japan) will be the most lucrative region for packaging companies. APEJ has been exhibiting extensive growth over the years but the report indicates that this region is poised to reflect the maximum growth among all over the next decade. In terms of sales, the dairy products packaging market in APEJ is foreseen to reach a value beyond US$ 14 Bn by 2027 end.
Future Market Insight’s market study recommends leading companies in the dairy products packaging marketplace to concentrate on expansion in the Asia Pacific region. APEJ is identified to hold a heap of opportunities and key players are likely to take efforts in expansion within Asian Pacific rim. A recent example is right here.
Constantia Plans Ambitious Expansion in Gujrat, India
Constantia Parikh, an Indian branch of the European packaging giant Constantia Flexibles GmbH, recently announced its plans of setting up a plant worth ₹100-crore in Gujarat, India. The plant would specialize in a greenfield project in flexible packaging and the new unit will reportedly manufacture high-barrier laminates – completely recyclable. The company assures that this project will be in compliance with upcoming legislative measures set for food, home, and personal care packaging industry. Moreover, plastic waste management regulations will also be strictly followed, as stated by the company authorities. Sustainable packaging materials are expected to be manufactured by the state-of-the-art machinery and all the processes will run considering the highest international standards of work, hygiene, and environmental safety.
The research report on global market for dairy products packaging market profiles a number of leading players active on the competitive landscape. Apart from Constantia Flexibles GmbH, some of them include Amcor Limited, Sealed Air Corp., Tetra Pak ITC Ltd., Greiner Packaging GmbH, General Films, Inc., RPC Group Plc., KOROZO Ambalaj San. Ve Tic. A.S., Sonoco Products Company, Bemis Company, DS Smith Plc., Smurfit Kappa Group PLC, Huhtamaki Oyj, Schur Flexibles Holding GesmbH, Stora Enso Oyj, Berry Global Group, Inc., Winpak Ltd., and Uflex Ltd.
A majority leading companies are concentrating on introducing innovative aseptic packaging solutions, flexible packaging solutions, best packaging for on-the-go dairy consumption, and PET bottle packaging for drinkable dairy. Many players are also considering strategic acquisitions as a prime means to enhance market position.
Uflex to enter competition in aseptic packaging, Tetra Pak to Witness Stiff Competition
Uflex Ltd. currently serves a range of leading and rapidly thriving consumer good companies within India, including Hindustan Unilever, Nestle, and Patanjali. 2018 might see a highly competitive landscape of aseptic liquid packaging, which is predominantly captured by the Swedish leader Tetra Pak. Uflex is all set to invest around INR 580 crore and establish a unit at Sanand in Gujrat. With this, Uflex aspires to enter the competitive landscape this year and take on Tetra Pak.
DS Smith acquires EcoPack and EcoPaper
A packaging giant DS Smith plc. recently accomplished an acquisition of EcoPaper and EcoPack in Romania, worth Euro 208 Mn. The resultant joined entity is now a leading group in integrated paper and packaging across Romania. DS Smith’s aim behind this acquisition is to enhance its capacity to serve high-growth regions, in addition to support its existing Eastern European operations. The best contributed by EcoPack and EcoPaper to DS Smith’s existing product offering is lightweight papermaking capability and top-quality packaging assets.
Similarly, Schur Flexibles also recently announced its expansion of dairy and fresh food business, through acquisition of UNI Packaging.
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