In this article, we will share with you the list of the top 22 packaging companies in USA.
The packaging industry has seen massive growth following a shift in consumer behavior around the world in recent years. According to Technavio’s Global Packaging Market Report, the global packaging market has the potential to grow by $278.59 billion between 2019 and 2023. The top packaging companies in USA will have a major role to play if the sector wants to achieve the growth targets.
The Packaging Industry: An Analysis
According to a survey, a majority of sellers believe that using branded packaging for online sales improves their image. The rising popularity of online sales is the main driver behind the increased demand for packaging products. As the demand for online items grows, more packaging is required to meet the needs of both retailers and customers. In the first six months of 2020, consumers spent $347.26 billion online, up 30.1% from $266.84 billion for the same period in the prior year, according to U.S. Department of Commerce data.
Because of its diverse and evergreen applications, the packaging business has strong and long-term growth potential. Smithers Pira, a research firm, predicted in March 2019 that worldwide packaging demand would expand at a steady 2.9 percent per year, valuing the market at $980 billion by 2022. Only time will tell if this is due to the popularity of e-commerce companies like Amazon.com, Inc. (NASDAQ: AMZN), which shipped over five billion goods to its Prime customers alone in 2018, or the expected $8.9 billion growth of the meal kit market.
According to a McKinsey report from April 2020, the impact of the coronavirus epidemic on the packaging business will be mixed, with demand for packing items declining while demand for other categories skyrocketing. Grocery, healthcare, and e-commerce transportation packaging will be the biggest winners, while industrial, luxury, and some B2B-transport packaging will witness reductions, according to the firm’s study.
Photo by Marcell Viragh on Unsplash
Our Methodology
We have listed the top 22 packaging companies in USA by market cap.
Top 22 Packaging Companies in USA
22. Clearwater Paper Corporation (NYSE:CLW)
Market Capital: $604 million
Clearwater Paper Corporation (NYSE: CLW) reported net sales of $426 million in the first quarter of 2021. The first quarter of 2021 brought in $12 million in net profits, compared to $10 million in the first quarter of 2020. With favorable market dynamics, its paperboard and packaging business continues to perform successfully.
21. Party City Holdings Inc. (NYSE:PRTY)
Market Capital: $701 million
Party City Holdings Inc. (NYSE: PRTY), a fully owned subsidiary of Party City Holdco Inc., is the world’s largest consumer party supplies company.
20. Myers Industries, Inc. (NYSE:MYE)
Market Capital: $699 million
Myers Industries Inc. (NYSE: MYE) is a company that makes and sells polymer goods. The Material Handling and Distribution business segments are where it operates. Material Handling creates, produces, and distributes a wide range of metal and plastic items whereas tools, supplies for wheels and tires, and equipment for passengers come under the Distribution division.
19. O-I Glass, Inc. (NYSE:OI)
Market Capital: $2 billion
O-I Glass Inc. (NYSE: OI) holds over 100 years of experience as the world’s top glass container maker, developing sustainable yet pure brand-building glass packaging for the world’s most well-known food and beverage brands. Spirits, beer, wine, food, non-alcoholic beverages, medications and cosmetics, all benefit from the company’s valued glass packaging.
18. Ranpak Holdings Corp. (NYSE:PACK)
Market Capital: $2.8 billion
Ranpak Holdings Corp. (NYSE: PACK) makes equipment and paper products for shipping goods and merchandise via e-commerce and industries. Ranpak had a fantastic second quarter in 2021, with excellent net revenue and profit growth adding to the company’s solid top-line performance.
17. Grief, Inc. (NYSE:GEF)
Market Capital: $2.97 billion
Grief Inc. (NYSE: GEF) provides industrial packaging and services for a variety of sectors, including steel, fiber, corrugated, and multiwall containers, as well as protective packaging. In addition to producing containerboard, the company also administers timber assets in North America.
16. Silgan Holdings Inc. (NASDAQ:SLGN)
Market Capital: $4.66 billion
Silgan Holdings Inc. (NASDAQ: SLGN) is one of the biggest suppliers of metal food packaging in the US, and some of the country’s most well-known companies trust it. Silgan was created in 1987 when it purchased Carnation Company’s first self-make can plant.
15. Reynolds Consumer Products Inc. (NASDAQ:REYN)
Market Capital: $6.6 billion
Reynolds Consumer Products Inc. (NASDAQ: REYN) is a global leader in the production and distribution of consumer beverage and restaurant packaging. Reynolds Group is the parent company of five major packaging companies in the southern hemisphere, making it the industry’s largest corporation in the region.
14. Graphic Packaging Holding Company (NYSE:GPK)
Market Capital: $5.96 billion
Graphic Packaging (NYSE: GPK) is a packaging industry leader, working with hundreds of the world’s most well-known businesses. Because of its emphasis on customer care, the company has grown to become one of the major producers of unbleached paperboard, folding cartons, microwave packaging, coated recycled board, and equipment in the world.
13. Sonoco Products Company (NYSE:SON)
Market Capital: $5.74 billion
Sonoco Products Co. (NYSE: SON), situated in South Carolina, sells all consumer product packaging, composite cans, tubes, and cores.
12. AptarGroup, Inc. (NYSE:ATR)
Market Capital: $8.0 billion
AptarGroup Inc. (NYSE: ATR) is a global manufacturer of consumer dispensing packaging and medicine delivery systems based in the United States. The company has manufacturing facilities in 18 different countries.
11. Berry Global (NYSE:BERY)
Market Capital: $9.7 billion
Berry began as a small company in Evansville, Indiana, and has since developed into a multi-billion dollar global public corporation and leading manufacturer of innovative packaging protection solutions.
10. Sealed Air (NYSE:SEE)
Market Capital: $9.7 billion
Sealed Air (NYSE: SEE), founded in 1957, is now a multinational firm with over 25,000 workers. It is one of the biggest packaging companies.
9. Owens Corning (NYSE:OC)
Market Capital: $9.57 billion
Insulation, roofing, and fiberglass composites are among the products that Owens Corning (NYSE: OC) creates, develops, and markets.
8. Packaging Corporation of America (NYSE:PKG)
Market Capital: $12.9 billion
Packaging Corporation of America (NYSE: PKG) has about 15,500 employees. It owns about 6 containerboard mills, 2 white paper mills, 95 converting facilities, 10 creative design centers, 3 fulfillment centers and many packaging centers.
7. Crown Holdings (NYSE:CCK)
Market Capital: $13.98 billion
Crown Holdings (NYSE: CCK) is the world’s largest provider of metal packaging technology. With operations in 40 countries, 23,000 employees, and $9.1 billion in net revenue, the corporation is well-positioned to supply best practices in quality and manufacturing to South America’s emerging economies.
6. WestRock (NYSE:WRK)
Market Capital: $12.12 billion
WestRock (NYSE: WRK) is a global leader in the production of paper-based products such as corrugated containers and cartons. Corrugated sheets, packaging, containerboard, pre-printed linerboard, beverage cartons, and folding are among the company’s products.
5. Avery Dennison Corp (NYSE:AVY)
Market Capital: $17 billion
Avery Dennison Corp (NYSE: AVY) is a California-based company that makes pressure-sensitive adhesive materials, branding labels and tags, RFID inlays, and specialty medical products.
4. International Paper Company (NYSE:IP)
Market Capital: $18 billion
With 55,000 individuals working in 24 countries, International Paper is a big producer of packaging, paper, and pulp. The company makes recyclable products with renewable resources that millions of people rely on every day.
3. Ball Corporation (NYSE:BLL)
Market Capital: $29 billion
Ball Corporation (NYSE: BLL) manufactures metal packaging for beverages, meals, and home products, as well as aerospace and other technology and services, for both commercial and government customers.
ClearBridge Investments, in its Q1 2021 investor letter, mentioned Ball Corporation (NYSE: BLL). Here is what the fund said:
“Aluminum beverage and food container manufacturer Ball Corp, meanwhile, delivered fourth-quarter operating income slightly lower than consensus, though this was mainly attributable to higher startup costs for large new facilities coming online in North America. These investments and additional capacity projects will contribute to strong volume growth globally, however. Aluminum cans are infinitely recyclable and offer the best replacement product for single-use plastic beverage containers, in our view. They are more likely to be recycled than single-use plastic and are more energy efficient in production as well.”
2. Kimberly-Clark Corporation (NYSE:KMB)
Market Capital: $48 billion
Kimberly-Clark Corporation (NYSE: KMB) joined the United States Plastics Pact, a collaborative, solutions-driven initiative with four ambitious goals to drive significant system change by unifying diverse cross-sector approaches, establishing a national strategy, and developing scalable solutions to move the United States toward a circular economy for plastics by 2025.
1. 3M Company (NYSE:MMM)
Market Capital: $103 billion
The 3M Company (NYSE: MMM) is a multibillion-dollar American multinational business with interests in industry, worker safety, US health care, and consumer goods. In the second quarter, 3M delivered another excellent performance, with organic growth across all business groups and geographic areas, as well as increased earnings and improved cash flow.
You can also take a peek at the 15 Most Valuable Lithium Companies in the World and 15 Most Valuable Health and Fitness Companies in the World.
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Disclosure: None. Top 22 Packaging Companies in USA is originally published on Insider Monkey.
