Download pdf - The 20 Leading Packaging Companies 2014

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Contents

1. Report Overview

1.1 Global Leading Packaging Companies Overview

1.2 Global Packaging Market Segmentation

1.3 Why You Should Read This Report

1.4 How This Report Delivers

1.5 Key Questions Answered by This Analytical Report Include:

1.6 Who is This Report for?

1.7 Methodology

1.8 Frequently Asked Questions (FAQ)

1.9 Associated Visiongain Reports

1.10 About Visiongain

2. An Introduction to the Packaging Market

2.1 What is Packaging?

2.2 Packaging Division

2.2.1 Layers of Packaging

2.2.2 Submarket by Material

2.2.3 Submarket by End-Use Market

3. Global Packaging Market Overview 2014-2024

3.1 Global Packaging Market Overview

3.1.1 Global Packaging Submarket by Material Forecast 2014-2024

3.1.2 Global Packaging Submarket by End-use Market Forecast 2014-2024

3.2 Major Trends in the Global Packaging Industry 2014

3.2.1 The Packaging Industry will Experience Strong Growth

3.2.2 Opportunities in Emerging Markets for the West-Dominated Industry

3.2.3 Packaging Products will put more Emphasis on Sustainability

3.2.4 Packaging Markets will be Increasingly Regulated

3.3 The 20 Leading Packaging Companies 2014: Market Share Allocations and Overview

3.3.1 International Paper Company

3.3.2 Tetra Laval

3.3.3 Reynold Group Holdings

3.3.4 Amcor

3.3.5 Rock-Tenn

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3.3.6 Crown Holdings

3.3.7 Ball Corporation

3.3.8 Owens-Illinois

3.3.9 Toyo Seikan Group

3.3.10 Ardagh Group

3.3.11 Rexam

3.3.12 Mondi Group

3.3.13 Sealed Air Corp.

3.3.14 Rengo Co. Ltd

3.3.15 MeadWestvaco (MWV)

3.3.16 Nine Dragons Paper

3.3.17 Greif

3.3.18 Bemis

3.3.19 ALPLA

3.3.20 Graphic Packaging Holding Company

3.4 Assumptions and Explanations

4. Competitor Positioning in the Packaging Market 2014

4.1 An Overview of the Top 20 Packaging Companies

4.2 What is the Market Concentration for the Packaging Market?

4.3 Packaging Revenues as a Percentage of Total Revenue in the Leading Packaging Companies

2014

4.4 Analysis of the Top 20 Packaging Companies’ Revenue by Primary Material

4.5 Learn about the Scattered Geography of the Top 20 Packaging Companies’ Headquarters

5. Leading 20 Packaging Companies in 2014

5.1 International Paper Company

5.1.1 International Paper Company Overview

5.1.2 International Paper Company Analysis: Packaging Segments

5.1.3 International Paper Company PEST-E Analysis: Packaging Segments

5.1.4 International Paper Future Outlook: Packaging Segments

5.2 Tetra Laval Group

5.2.1 Tetra Laval Overview

5.2.2 Tetra Laval Packaging Analysis: Packaging Segments

5.2.3 Tetra Laval Packaging PEST-E Analysis: Packaging Segments

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Contents

5.2.4 Tetra Laval Future Outlook: Packaging Segments

5.3 Reynold Group Holdings

5.3.1 Reynold Group Holdings Overview

5.3.2 Reynold Group Holdings Analysis: Packaging Segments

5.3.2.1 SIG Analysis and Competitors

5.3.2.2 Evergreen Analysis and Competitors

5.3.2.3 Closures Analysis and Competitors

5.3.2.4 Pactiv Foodservice Analysis and Competitors

5.3.2.5 Graham Packaging Analysis and Competitors

5.3.3 Reynolds Group Holdings Future Outlook: Packaging Segments

5.4 Amcor

5.4.1 Amcor Overview

5.4.2 Amcor Analysis

5.4.3 Amcor PEST-E Analysis

5.4.4 Amcor Future Outlook

5.5 Rock-Tenn

5.5.1 Rock-Tenn Overview

5.5.2 Rock-Tenn Analysis: Packaging Segments

5.5.3 Rock-Tenn PEST-E Analysis: Packaging Segments

5.5.4 Rock-Tenn Future Outlook: Packaging Segments

5.6 Crown Holdings

5.6.1 Crown Holdings Overview

5.6.2 Crown Holdings Analysis

5.6.3 Crown Holdings PEST-E Analysis

5.6.4 Crown Holdings Future Outlook

5.7 Ball Corporation

5.7.1 Ball Corporation Overview

5.7.2 Ball Corporation Analysis: Packaging Segments

5.7.3 Ball Corporation PEST-E Analysis: Packaging Segments

5.7.4 Ball Corporation Future Outlook: Packaging Segments

5.8 Owens-Illinois

5.8.1 Owens-Illinois Overview

5.8.2 Owens-Illinois Analysis

5.8.3 Owens-Illinois PEST-E Analysis

5.8.4 Owens-Illinois Future Outlook

5.9 Toyo Seikan Group

5.9.1 Toyo Seikan Group Overview

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5.9.2 Toyo Seikan Group Analysis: Packaging Segment

5.9.3 Toyo Seikan Group PEST-E Analysis: Packaging Segments

5.9.4 Toyo Seikan Group Future Outlook: Packaging Segments

5.10 Ardagh Group

5.10.1 Ardagh Group Overview

5.10.2 Ardagh Group Analysis

5.10.3 Ardagh Group PEST-E Analysis

5.10.4 Ardagh Group Future Outlook

5.11 Rexam PLC

5.11.1 Rexam Overview

5.11.2 Rexam Analysis

5.11.3 Rexam PEST-E Analysis

5.11.4 Rexam Future Outlook

5.12 Mondi Group

5.12.1 Mondi Overview

5.12.2 Mondi Analysis: Packaging Segments

5.12.3 Mondi PEST-E Analysis: Packaging Segments

5.12.4 Mondi Future Outlook: Packaging Segments

5.13 Sealed Air Corp

5.13.1 Sealed Air Overview

5.13.2 Sealed Air Corporation Analysis: Packaging Segments

5.13.3 Sealed Air Corporation PEST-E Analysis: Packaging Segments

5.13.4 Sealed Air Corporation Future Outlook: Packaging Segments

5.14 Rengo Co., Ltd.

5.14.1 Rengo Overview

5.14.2 Rengo Analysis: Packaging Segments

5.14.3 Rengo PEST-E Analysis: Packaging Segments

5.14.4 Rengo Future Outlook: Packaging Segments

5.15 MeadWestvaco (MWV)

5.15.1 MWV Overview

5.15.2 MeadWestvaco Analysis: Packaging Segments

5.15.3 MeadWestvaco PEST-E Analysis: Packaging Segments

5.15.4 MeadWestvaco Future Outlook: Packaging Segments

5.16 Nine Dragons Paper

5.16.1 Nine Dragons Paper Overview

5.16.2 Nine Dragons Paper Analysis: Packaging Segments

5.16.3 Nine Dragons Paper PEST-E Analysis: Packaging Segments

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Contents

5.16.4 Nine Dragons Paper Future Outlook: Packaging Segments

5.17 Greif

5.17.1 Greif Overview

5.17.2 Greif Analysis

5.17.3 Greif PEST-E Analysis

5.17.4 Greif Future Outlook

5.18 Bemis

5.18.1 Bemis Overview

5.18.2 Bemis Analysis: Packaging Segments

5.18.3 Bemis PEST-E Analysis: Packaging Segments

5.18.4 Bemis Future Outlook: Packaging Segments

5.19 ALPLA

5.19.1 ALPLA Analysis

5.19.2 ALPLA Future Outlook

5.20 Graphic Packaging Holding Company

5.20.1 Graphic Packaging Holding Company Overview

5.20.2 Graphic Packaging Holding Company Analysis

5.20.3 Graphic Packaging Holding Company PEST-E Analysis

5.20.4 Graphic Packaging Holding Company Future Outlook

6. Other Leading Packaging Companies in 2014

6.1 Saint-Gobain (Verallia): the 15th Largest Packaging Company in 2013

6.1.1 Saint-Gobain (Verallia) Overview

6.1.2 Saint-Gobain (Verallia) Analysis

6.1.3 Saint-Gobain (Verallia) Future Outlook

6.2 Other Leading Packaging Companies

7. SWOT Analysis of the Packaging Market 2014-24

7.1 Strengths

7.1.1 A Competitive Market that Leads to Innovation

7.1.2 Products will always Require Packaging

7.1.3 Fast Growing Global Packaging Market

7.2 Weaknesses

7.2.1 Packaging Companies are exposed to Economic Slowdowns

7.2.2 Packaging Materials’ Demands are Subject to Weather Fluctuations

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7.3 Opportunities

7.3.1 The Changing Lifestyles in Developing Economies

7.3.2 Growth in Domestic Companies in Emerging Economies

7.4 Threats

7.4.1 Health Concerns over Packaging Materials

7.4.2 Consolidations in End-Markets

8. Expert Opinions: Mr. Alan Davey, LINPAC

8.1 What are the Key Trends and Developments in the Food Packaging Industry?

8.2 What are the Impacts of Sustainability on the Food Packaging Market?

8.3 Will Increasing Environmental Regulations put more Cost Pressure on the Packaging

Companies?

8.4 Will the Consolidation Trend in the End-Markets Restrict Packaging Company’s Ability to Pass

on Higher Costs to Consumers?

8.5 Opportunities in the Food Packaging Market

8.6 Competitive Landscape in the Food Packaging Market

8.7 Which Areas are experiencing a Major Increase or Decline in their Demand for Food Packaging

Products?

9. Conclusions

9.1 Porter’s Five Forces Analysis of the Packaging Market

9.1.1 Rivalry among Competitors

9.1.2 Threat of New Entrants

9.1.3 Power of Suppliers

9.1.4 Bargaining Power of Buyers

9.1.5 Threat of Substitutes

9.2 Overview of the Market for Top 20 Packaging Companies

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The 20 Leading Packaging Companies 2014: Competitive Landscape Analysis

Table 5.15 Amcor Products/ Services 2014 (Division, Product, Specification)

Division Product/Services Specification

Rigid Plastics

Beverages Over 100 hot fill and cold fill Polyethylene Terephthalate (PET)

stock bottles for carbonated beverages, waters, juices, teas and sports drinks.

Food Blow moulded and extrusion moulded plastic containers for a variety of food applications

Pharmaceuticals Rigid plastics packaging to the pharmaceutical and healthcare industries, as well as multi-material and multi-process services.

Spirits, Wine & Beer Packaging with distinction to highlight customer’s fine brands. Personal & Homecare

Containers from round to oval shapes and in a multitude of sizes.

Flexibles Asia Pacific

Healthcare A full range of packaging for healthcare products, including pharmaceuticals, medical devices, personal care products,

home care products.

Food Innovative packaging for fresh foods, processes foods and wholesale quantities of foods.

LifeSpan bags LifeSpan® box liners and pallet shrouds extend the shelf life of produce, keeping it harvest fresh from orchard to market.

Flexibles Europe

Personal & Home Care

Printed foil and film laminates used in sample and retail packaging for a wide variety of personal care and home

care applications

Capsules A wide range of capsules and closures for wine, sparkling wine and spirits that satisfy quality and service requirements.

Hospital Packaging Sterilisation packaging and other supplies used by hospital sterilisation units.

Medical Devices Packaging solution that protects and maintains the sterility of medical devices until the moment the packaging is opened.

Technical Specialties

The material science know-how and broad technology base in laminating and film extrusion to address customers’ product

performance requirements.

Ceramis® A technology by which a SiOx coating is applied to various types of substrates.

Food & Beverage Flexible packaging solutions to bakery, beverages, dairy, chilled meat, seafood & ready meals, produces, processed and frozon

products.

Pharmaceutical Products include barrier laminations for pharmaceuticals packaged in sachets, stick packs, strip packs and blister packs.

Tobacco & Specialty

Packaging

Tobacco Key products include: Hinge-lid cartons, Speciality pack formats, Shells and slides, Display cartons, RYO (roll your own)

booklet covers, Inner frames, Soft label paper packs, Bundle wraps (paper and film), and Inserts and labels.

Cigarettes

Cigars

Source: Amcor 2014; visiongain 2014



increase in sales revenue is expected. The company is likely to benefit from continued growth in

emerging markets as well as recent acquisitions and ongoing cost improvement and restructuring

programmes. The developed economies will hopefully become stronger in the near future. Amcor’s

innovation capability and its emphasis in sustainable packaging put the company in the leading

position to adapt to the future trend towards consumer and environment friendly packaging.

As for the next few years, visiongain expects increasing presence of Amcor in emerging markets,

as well as better performance in developed regions. Growth will be further fuelled when the recent

acquisitions pay off. The acquisition of Aperio and Detmold will support the growth in Australia.

Other factors driving sales include planned new tobacco packaging plant in Indonesia, better

business performance in New Zealand, and the non-repeatable US bad weather condition from

2014.

5.5 Rock-Tenn

Table 5.19 Rock-Tenn Overview 2014 (Total Revenue $bn, Packaging Revenue $bn, % Revenue from Packaging, Market Ranking, % Market Share, Primary Material, Primary Sector, CEO, HQ, Number of Employees, Ticker, Contact, Website)

2014

Total Revenue $10.2bn

Packaging Revenue $9.7bn

% Revenue from Packaging 95%

Global Market Ranking 5th

Global Market Share % 1.3%

Primary Material Paper

Primary Sector Corrugated Packaging

CEO Steven C. Voorhees

Headquarters Norcross, Georgia, USA

Number of Employees 27000

Ticker NYSE: RKT

IR Contact (678) 291-7900 [email protected]

Website http://www.rocktenn.com

Source: Rock-Tenn 2014; visiongain 2014



5.6.3 Crown Holdings PEST-E Analysis

The political stability in the areas that Crown Holdings operates in can largely affect the company’s

operational results. The Middle East, one of the company’s target markets, has long raising

concerns regarding doing businesses there, due to the greater political and economic volatility.

Other political factors include regulations regarding M&A, taxes, asbestos and pensions. Crown

Holding’s recent acquisition of Mivisa Envases, SAU was reviewed by the European Commission

Figure 5.47 Crown Holdings Quarterly Revenue by Segment 2011-2014 ($m, Growth Rate %)

0100200300400500600700800900

2011 2012 2013 2014 2011 2012 2013 2014 2011 2012 2013 2014 2011 2012 2013 2014

Q1 Q2 Q3 Q4

Sale

s $m

-20.0-10.00.010.020.030.0

0500

10001500200025003000

Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4

2011 2012 2013 2014

Gro

wth

Rat

e %

Sale

s $m

Time

American Beverage North America Food European BeverageEuropean Food Asia Pacific Non-reportable segmentGrowth Rate %

Source: Crown 2014; visiongain 2014



5.9.4 Toyo Seikan Group Future Outlook: Packaging Segments

Visiongain estimates Toyo Seikan Group to experience strong growth in its packaging revenue in

the next decade. Its revenue in 2014 is estimated by visiongain to be $6.8 billion. The CAGR

between 2014 and 2024 will be approximately 3.6% without taking into account any unforeseeable

factors such as M&A activities and discontinued operations. The will be a small peak in sales in

2020 due to the Olympics.

Table 5.42 Toyo Seikan Group Packaging Revenue Forecast 2014-2024 ($bn, AGR %, CAGR %, Cumulative)

2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2014-24Sales $bn 6.8 7.2 7.5 7.7 7.9 8.2 8.5 8.8 9.1 9.4 9.7 90.7AGR % 5.3 4.2 3.5 2.8 3.2 3.8 3.1 3.4 3.5 3.4

CAGR % 2014-19 3.8 2019-24CAGR % 2014-24

3.43.6

Figure 5.67 Toyo Seikan Group Packaging Revenue Forecast 2014-2024 ($bn, AGR %)

0.0

2.0

4.0

6.0

8.0

10.0

0.0

2.0

4.0

6.0

8.0

10.0

12.0

2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024AG

R %

Sale

s $b

n

Year

Sales $bn AGR %

Source: visiongain 2014

Note: (1) Toyo Seikan Group’s fiscal year ends on 31st March. (2)Forecasts assume constant exchange rates.


Note: (1) Toyo Seikan Group’s fiscal year ends on 31st March. (2) Forecasts assume constant exchange rates.



Figure 5.74 Ardagh Group PEST-E Analysis 2014

•Regulations in the company's markets •Austerity measures in the Europe •Stability of the EU and the European Monetary Union •Asbestos related liabilities •Power of trade union

Political

•Challenging EU and North American economies •Changes in exchange rates •Changes in interest rates •Lower disposable income and high unemployment rate in many of the companies' markets •Some business segments are more cyclical •Competition in the markets •Vertical integration and concolidation of customers

Economical

•Image of glass packaging as high quality and luxury •Increasing emphasis on health and safety •Increassed protein consumption

Social

•Innovations in packaging solutions •Advancements in the performance of metal or glass substitutes (e.g. plastics)

Technological

•Regulations governing the protection of environment •Stronger emphasis on sustainability from customers

Environmental
