Market Share of Biopolymer Packaging Industry
The biopolymers packaging market is semi-consolidated, with the presence of prominent players, such as Mondi Group, Taghleef Industries Inc., Clondalkin Group Holdings BV, Sonoco Products Company, and Berry Plastics Group Inc. These firms hold a competitive advantage over other players due to their ability to continually enhance their product lines as per consumers' demands. These companies are investing in research and development activities, mergers and acquisitions, and strategic partnerships with other firms or institutions to maintain their competitive position.
- August 2023 - CJ Biomaterials Inc., a prominent player in polyhydroxyalkanoate (PHA) biopolymers and a subsidiary of South Korea's CJ CheilJedang, forged a partnership with Riman Korea. The collaboration displays the fusion of CJ Biomaterials' patented PHA technology with polylactic acid (PLA) to develop packaging for Riman's premium IncellDerm product line. This forward-thinking packaging not only resonates with Riman's commitment to sustainability but also drastically reduces the brand's dependence on traditional fossil-fuel-derived packaging for its skincare products.
Biopolymer Packaging Market Leaders
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Mondi Group
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Taghleef Industries Inc.
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Clondalkin Group Holdings BV
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Sonoco Products Company
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Berry Plastics Group Inc.
*Disclaimer: Major Players sorted in no particular order