Market Share of Tube Packaging Industry
Thetube packaging market is highly fragmented due to the presence of a large number of players. Moreover, sustainable competitive advantage can be gained through innovation (design, technology, and application) and partnerships.In addition, there is a fairly high probability of new players entering the market studied, further intensifying the competition. Therefore, the market incumbents have been identified to adopt a powerful competitive strategy, characterized by acquisitions, mergers and acquisitions, and a strong emphasis on R&D.Some key market players in the market are Amcor, Bemis, Tetrapack among others.Some key recent developments in the market include:
- March 2018 -Packaging companies, Amcor and SIG, partnered for aluminum sourcing. The collaboration aimedat ensuring the supply chain of aluminum foil meets the statutes of the Aluminum Stewardship Initiative (ASI).
- February 2018 -Berry Global Group, Inc. acquired the Clopay Plastic Products Company, Inc. a subsidiary of Griffon Corporation for USD 475 million in cash on a debt-free, cash-free basis. The acquisition of Clopay is directly aligned with the company’s fundamental strategic initiatives.
Tube Packaging Market Leaders
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Berry Global Group, Inc.
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Coveris Holdings SA
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Amcor PLC
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CCL Industries Inc.
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Essel Propack Limited
*Disclaimer: Major Players sorted in no particular order
