Market Share of Mono Cartons Industry
The market is fragmented with the presence of various players such as Graphic Packaging International LLC, Oji Holdings Corporation, Westrock Company, and International Paper. The companies operating are focused on innovating new solutions through investments, collaborations, mergers and acquisitions, etc., to expand their business in the region.
- February 2024: Oji Holdings and Nihon Tetra Pak K.K. partnered to pioneer Japan's first recycling system specifically for aseptic carton packages, a significant step toward gaining a circular economy for paper resources in the country. The recycling system collects aseptic carton packages from various sources, including retail and municipal collections and waste paper from packaging manufacturers.
- September 2023: Graphic Packaging International acquired Bell Inc. for USD 262.5 million. Bell operates three converting facilities: two in South Dakota and one in Ohio. Graphic previously estimated the Bell acquisition would add USD 200 million in sales and yield USD 10 million. Bell consumes an estimated 95,000 tons of paperboard annually at those facilities to convert into folding cartons and related products.
Mono Cartons Market Leaders
-
Graphic Packaging Company LLC
-
Oji Holdings Corporation
-
Westrock Company
-
International Paper Company
-
Autajon Group
*Disclaimer: Major Players sorted in no particular order
