Top 10 Paper & Board Packaging Companies in the World in 2021 by Revenue

International Paper Co, Westrock Co, Tetra Pak International SA, Oji Holdings Corp, and Amcor Plc are the top 5 paper & board packaging companies in the world in 2021 by revenue. Collectively, the top 10 paper & board packaging companies generated revenue of $126,626 million, where International Paper Co ($19,363 million) has the highest, followed by Westrock Co ($18,746 million) and Tetra Pak International SA ($12,312 million), while DS Smith Plc stood lowest ($8,220 million). The highest revenue increase was registered by Weyerhaeuser Co (35.4%), followed by Stora Enso Oyj (18.8%), and Smurfit Kappa Group Plc (18.4%), while the companies Oji Holdings Corp had a revenue decline of 9.9%. In terms of the geographical split, 5 out of the top 10 paper & board packaging companies in the world are based in Europe, 3 are based in North America, while the remaining two are based in Asia. They have employed a total of 312,389 people in 2021. The United States of America-based International Paper Co is the leading paper & board packaging company in the world in 2021 (by revenue). The company reported revenues of $19,363 million for the fiscal year ended December 2021 (FY2021), an increase of 10.2% over FY2020, driven by improvement through operational, commercial, and investment excellence. It is a manufacturer of packaging products. It offers fiber-based packaging and pulp and paper products such as coated and uncoated paper, pulp, consumer packaging, and industrial packaging for several products including printing and writing papers to containerboard, corrugated sheets, and folding carton boards. It is headquartered in Johannesburg, Gauteng, South Africa, and employs 38,200 people in FY2021.Africa, and employs 38,200 people in FY2021. Westrock Cois is one of the leading paper & board packaging companies in the world in 2021 (by revenue). The company reported revenues of $18,746 million for the fiscal year ended September 2021 (FY2021), an increase of 6.6% over FY2020, revenue and operating profit increased due to higher selling prices and higher volumes. It manufactures and distributes containerboard and paperboard products such as cartons, coated paperboard, retail displays, automated packaging systems, and merchandising displays. The company offers containerboard, kraft paper, pulp, recycled liner board, coated white top liner board, corrugated medium, saturating kraft paper, white top liner board, specialty kraft paper, and fluff pulp. It is headquartered in Atlanta, Georgia, the US, and employs 49,900 people in FY2021.

James Clark

The importance of finding a reliable packaging company before starting a business cannot be overstated. There are almost always custom boxes and packaging solutions required by businesses.

Your packaging manufacturer should be able to complete your orders as per your business needs.

An excellent packaging company can make or break a product today, it cannot be denied.

Packing properly protects and preserves your goods, while also making them more appealing to the customer.

Packaging Industry Development Updates

In the world of manufacturing, packaging serves a variety of industries, including food & beverage, pharmaceuticals, and mobile devices.

Packaging companies are currently challenged to reduce waste that can’t be recycled in order to make their products more sustainable.

In order to reduce plastic use, Nestlé is substituting paper-based packaging for plastic. The company seeks to reduce the use of new plastic by a third by 2025. Environment-conscious individuals and groups are supporting this effort.

Creating a positive impression of a brand is made easier when the packaging is done well. As a result, companies are able to sell more and make more money since their positive image affects the buying decisions of customers.

Therefore, big organizations that manufacture products use customized packaging to create an identity that is unique to their brand. Their brand becomes more loyal to customers as a result of this.

Among the companies currently using QR codes on their bottles is The Coca-Cola Company (NYSE: KO). The brand is able to stay connected with its customers this way.

List of Top 20 Packaging Companies

According to the latest report, We have listed some of the biggest product packaging companies by revenue.

1. International Paper Co

2022 Revenue: $20.30 billion

International Paper Co is another multinational packaging and paper company headquartered in Memphis, Tennessee, USA. It was founded in 1898 and has been providing quality products to customers worldwide ever since. The company primarily aims to produce various products, including corrugated packaging, paper products, pulp, and newsprint. 

The company has manufacturing facilities in North America, Europe, Latin America, and Asia. International Paper Co has also shown dedication to sustainable and environmentally friendly operations, and in 2020, they announced their goal to reach net-zero greenhouse gas emissions by 2050. The company is dedicated to providing its customers with quality products while being mindful of the environment.

2. WestRock

2022 Revenue: $18.70 billion

WestRock is the second largest global corrugated packaging company headquartered in Atlanta, Georgia, USA. The company was established in 2015 as a merger between RockTenn and MeadWestvaco. WestRock operates in North and South America, Europe, Asia, and Australia. 50,000 employees are working in over 300 branches in almost 30 countries worldwide. 

WestRock specializes in packaging solutions for consumer and corrugated packaging, specialty chemicals, and other industries. The company offers various products and services such as containerboard, folding cartons, paperboard, corrugated boxes, packaging design, and logistics management. 

3. Ball Corporation

2022 Revenue: $15.54 billion

Founded in 1880, Ball Corporation, headquartered in Westminster, CO (US), employs over 21,500 people.

It is one of the top packaging companies that develops innovative, sustainable aluminum packaging solutions for beverage, personal care, and household products.

It also provides government and commercial clients with aerospace, technology, and other products and services.

In time, it grew into the world’s largest recyclable metal food and beverage container manufacturer. Their products’ quality control and innovation have always distinguished them as industry leaders.

4. Amcor Limited

2022 Revenue: $14.97 billion

As a leading global manufacturer of responsible packaging, Amcor has developed a wide range of products. 

Currently, the company has over 40,000 employees in 43 countries, with two headquarters, one in Zurich, Switzerland, and the other in Melbourne, Australia.

Through its global expertise and knowledge of packaging and value chains, Amcor enhances packaging for customers and their consumers.

As part of its commitment to connecting with customers, investors, suppliers, and other stakeholders, the company attends events and conferences worldwide.

5. Oji Holdings

2022 Revenue: $14.3bn

A Japanese industrialist named Shibusawa Eiichi founded Oji Holdings as Shoshi Kaisha in 1873.

The company was renamed Eiichi in 1893 after the location of mills built two years earlier in Oji, Japan.

It was Oji Paper that produced 80% of Japan’s Western-style paper after merging with Fuji Paper and Karafuto industries in 1933.

Oji Holdings began operating under the trading name Oji Holdings in 2012 when the firm is converted into a holding company.

The company ranked third among global forest, paper, and packaging businesses in the same year.

Among its most famous products are paper, containers made from paper products, chemicals used to produce paper, and paper packaging equipment. In addition, Oji Holdings manufactures chemicals used in producing paper.

As of 2018, the company employed over 36,000 people in locations such as Australia, Brazil, and Germany, where it operates production sites and forestry operations.

Since March 2019, Masatoshi Kaku has been serving as the firm’s CEO and president.

A small drop in sales from 2018’s $14.7bn to $14.3bn is reported in Oji Holdings’ 2019 annual report.

6. Berry Global Inc.

2022  Revenue: $13 billion

Berry Global Inc. is a leading packaging company headquartered in Evansville, Indiana, USA. It was founded in 1967 and has grown to become a global provider of innovative and sustainable packaging solutions.

Berry Global Inc. offers a wide range of services, including rigid packaging for consumer and industrial products, flexible packaging for food, beverage, and healthcare applications, and nonwoven materials for personal care and hygiene products. The company operates in over 40 countries and has over 300 manufacturing facilities, employing more than 47,000 people worldwide.

One of the major advantages of Berry Global Inc. is its commitment to environmentally friendly packaging. The company has also received several awards for its sustainability initiatives.

7. Crown Holdings, Inc.

2022 Revenue: $12.50 billion

Crown Holdings, Inc. is a multinational packaging company headquartered in the United States in Yardley, Pennsylvania. The company was established in 1892 as a bottle cap manufacturer, and it has since expanded its operations to over 40 countries worldwide, and around 33,264 employees are working now. 

Crown Holdings’ primary purpose is to provide its customers with recyclable and eco-friendly packaging solutions while contributing to a cleaner and healthier environment. They specialize in metal packaging for food and beverage, household and personal care, and industrial and promotional packaging. They have set a goal to reduce greenhouse gas emissions by 50% by 2030 and are continuously looking for ways to optimize their operations to achieve this target. 

8. Mondi

2022 Revenue: $9.70 billion

Mondi was founded in 1967 in Weybridge, England, and has its headquarters in the United Kingdom.

Over 21,000 people work for the company across more than 30 countries, and there are around 100 production facilities across the globe.

Providing paper, flexible plastic, and hybrid-based packaging solutions worldwide, the company is a global flexible packaging manufacturer.

Consumers, retailers, industrial users, and construction companies can find their products there. Their fine uncoated papers are designed for use in the home, office, converting, and professional printing industries, using the latest digital and offset printing technologies.

9. Graphic Packaging International

2022 Revenue: $9.44 billion

Graphic Packaging International is one of the top packaging companies in the world. It is situated in Atlanta, Georgia, and is a leading packaging solution provider for various industries, including food, beverage, and healthcare. The company has over 100 years of experience in the packaging industry. More than 25,000 employees are working.

It was established in 1978 and has been consistently recognized for its creative, premium packaging designs and commitment to sustainability. Their services include designing, manufacturing, and delivering sustainable packaging solutions that meet customers’ needs and preferences.

They offer a wide range of packaging products, including paperboard cartons, flexible packaging, and labels. The company also provides packaging machinery and automation solutions, helping businesses optimize production processes.

10. Avery Dennison Corporation

2022 Revenue:$9.04 billion

Avery Dennison Corporation is a multinational packaging company situated in Los Angeles, California, USA. It was established in 1935 as a label printing company, but it has diversified and expanded its services over the years. Today, Avery Dennison is one of the leading packaging companies in the world, with operations in over 50 countries. 

The company specializes in pressure-sensitive materials, adhesive solutions, and label and packaging materials for various retail, automotive, and healthcare industries. They also offer environmentally friendly solutions, providing innovative and eco-friendly products to their clients. With 36,000 employees, Avery Dennison packaging solution is a global leader in packaging, providing high-quality services to its customers.

11.  Packaging Corporation of America 

2022 Revenue: $8.47 billion

Packaging Corporation of America, also known as PCA, is a leading packaging company based in Lake Forest, Illinois, USA. Established in 1959, PCA operates across the United States and Canada and has over 15,500 employees. 

The company produces various packaging solutions, including corrugated packaging, containerboard, and folding cartons. Their products are designed to meet the unique packaging needs of various industries, including food and beverage, pharmaceuticals, and e-commerce. PCA prides itself on its commitment to sustainability and has implemented numerous environmentally friendly practices across its operations. 

12. DS Smith

2022 Revenue: $7.02 billion

DS Smith is a multinational packaging company headquartered in London, England, UK. Founded in 1940, the company has expanded to over 37 countries, with almost 29,000 employees working over 300 sites. 

The company offers various packaging and paper products for various industries, including consumer goods, e-commerce, and retail. DS Smith provides solutions for their clients’ packaging, transit, protection, and display needs. 

With a commitment to uniqueness and sustainability, this manufacturer has become a leading force in the packaging industry. Their dedication to creating effective, efficient, and eco-friendly packaging solutions has earned them a reputation as one of the top packaging companies in the world.

13. Veritiv Corporation

2022 Revenue: $6.85 billion

Veritiv Corporation is a leading business-to-business packaging and distribution solutions provider founded in 2014. The company is based in Atlanta, Georgia, USA, and operates through a network of 125 distribution centers across North America. Veritiv offers a range of products and services, including packaging solutions, facility supplies, printing and publishing paper, and logistics and supply chain management. 

The company is committed to sustainability and offers a range of environmentally-friendly products to help customers reduce their environmental footprint. Its logistics network and advanced technology provide reliable and cost-effective solutions to customers across various industries.

14. Silgan Holdings Inc.

2022 Revenue: $6.25 billion

Silgan Holdings Inc. is a packaging company based in Stamford, Connecticut, United States. It was founded in 1987 and has since grown to become one of the world’s leading suppliers of metal containers. 

Their services include manufacturing metal and plastic packaging for various industries, including food and beverage, personal care, and healthcare. Some of their popular products include aluminum cans, PET bottles, and aerosol cans. Silgan’s packaging solutions are designed to be both functional and aesthetically pleasing, helping their clients stand out in a competitive market. They are highly committed to sustainability and have taken measures to reduce its carbon footprint. 

15. Pactiv Evergreen

2022 Revenue: $6.21 billion

Pactiv Evergreen is a packaging company headquartered in Lake Forest, Illinois, USA. The company was formed by merging two leading packaging manufacturers, Pactiv LLC, and Evergreen Packaging LLC, in 2020. The roots of Pactiv date back to 1965, when it started as Packaging Corporation of America (PCA).

This manufacturing company operates over 50 manufacturing plants across North America, Europe, and Asia. The company produces a wide range of packaging products, including food packaging, beverage cups, containers, and lids. They are committed to providing high-quality packaging services and strive to reduce the environmental impact of their products and operations. 

16. Greif, Inc.

2022 Revenue: $6.3 billion

Greif, Inc. has 240 production houses and offices in 37 countries and is headquartered in Delaware, Ohio.

Their primary business is manufacturing barrels. The company is now focusing on creating industrial packaging and containers. It offers excellent customer service and focuses on its customers’ needs. 

17.  Sonoco Products Company

2022 Revenue: $5.23 billion

Sonoco Products Company is a packaging company founded in 1899 and headquartered in Hartsville, South Carolina, USA. With 19,900 employees in more than 335 operations in around over 30 countries, Sonoco is a leading provider of consumer packaging, industrial products, protective solutions, and displays. 

The company offers a wide range of services, including custom packaging design, materials sourcing, supply chain management, and recycling solutions. Their innovative packaging solutions serve various industries, such as food and beverage, healthcare, and retail. With a history of over 120 years, Sonoco has established itself as a trusted and reliable partner for businesses worldwide.

18. Sealed Air Corporation

2022 Revenue: $5.10 billion

Sealed Air Corporation is a global packaging company situated in Charlotte, North Carolina. United States. The company was established in 1960 and has since been a pioneer in the development of innovative packaging materials and technologies. Sealed Air offers various packaging solutions, including bubble wrap, cushioning materials, and shrink wrap for industrial, food, and medical applications. 

Their most iconic product is Bubble Wrap, which was invented by Sealed Air in 1957. Today, the company operates in almost 120 countries and has over 16,000 employees. Sealed Air is committed to sustainability and offers sustainable packaging options such as recyclable materials and eco-friendly products. 

19. Coveris Holdings SA

2022 Revenue: $2.88 billion

Coveris Holdings SA is a multinational packaging company founded in 2013 and headquartered in Vienna, Austria. It is a private manufacturing operation in over 20 countries across Europe, North America, South America, and Asia. The company produces flexible and rigid plastic packaging, paper-based packaging, coatings, and films for various applications. 

Coveris Holdings SA provides packaging solutions to food and beverage, healthcare, industrial, and consumer goods industries. The company offers innovative and sustainable packaging solutions that help their customers enhance their products’ safety, freshness, and shelf life while reducing waste and environmental impact. 

20. Essel Propack 

2022  Revenue: $350 million

Essential Propack is a packaging company located in the heart of India, in Mumbai. Established in 1984, the company has served customers in India and globally for over three decades. 

They offer a wide range of packaging solutions that are tailor-made to meet the unique requirements of their clients. The company is equipped with state-of-the-art technology and uses the latest machinery and tools to ensure the highest quality standards.

Their services include printing, laminating, and converting a variety of packaging materials, such as flexible packaging, label stock, and foil. They specialize in catering to the food, pharmaceutical, and cosmetic industries. 

Final Thoughts

In this article, We have reviewed and ranked the best packaging companies. It’s now your turn to browse their websites and learn more about their offerings.

You can count on us if you want custom boxes or personalized packaging at affordable rates with low minimums. Contact us by filling out the quote form or using the chat feature.