Market Share of Snack Flexible Packaging Industry
The snack flexible packaging market is fragmented, featuring major players like Amcor PLC, Mondi Group, Hotpack Packaging Industries LLC, Huhtamaki Flexibles UAE, Constantia Flexibles GmbH, and numerous smaller local entities. Driven by a rising appetite for snacks and a push for sustainable packaging, the adoption of flexible packaging solutions has surged. Key players in the market are increasingly leveraging partnerships, prioritizing R&D, and championing innovation as part of their competitive strategies. Looking ahead, we anticipate that the intensity of competitive rivalry will remain elevated throughout the forecast period.
- May 2024: Uflex Limited announced its participation in DRUPA 2024, the leading global trade fair for print and packaging innovations. UFlex is set to unveil its latest advancements and solutions spanning engineering, packaging films, flexible packaging, chemicals, printing cylinders, and holography. These innovations enhance efficiency and promote sustainability within the printing and packaging sector.
- March 2024: ProAmpac and Gelpac, recognized leaders in producing multiwall paper and poly-woven packaging products, announced a definitive agreement. Under this agreement, ProAmpac will acquire Gelpac from a consortium of investors led by NAMAKOR Holdings, which includes Groupe W Investissements and CDPQ. Gelpac aligns with ProAmpac’s mission to deliver high-performance, sustainability-focused flexible packaging solutions to clients in the United States and Canada.
Snack Flexible Packaging Market Leaders
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Amcor PLC
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Mondi Group
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Hotpack Packaging Industries LLC
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Huhtamaki Flexibles UAE
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Constantia Flexibles GmbH
*Disclaimer: Major Players sorted in no particular order
