Amcor, a worldwide pioneer in developing and manufacturing environmentally friendly packaging solutions, has emerged as the market leader in the "Top 21 Sustainable Packaging Companies, Worldwide 2023" by MarketsandMarkets 360 Quadrant. MarketsandMarkets 360 Quadrants analysed over 80 Sustainable Packaging firms, of which the top 21 were categorised & recognised as quadrant leaders. The 360 Quadrant effectively maps the firms based on revenue, regional presence, growth plans, investments, demand channels, and sales methods examined for Sustainable Packaging's quadrant's market presence.
Amcor was named the market leader in the 360 Quadrant due to its strong presence, wide product range, and long-standing reputation for quality. It sells goods under the labels AmFoil, AmFiber, and EcoGuard. The AmFoilTM brand is for aluminium-based goods, whereas the AmFiberTM brand is for paper-based products, and the EcoGuardTM brand enables various sustainable alternatives across multiple materials. The company's goods are created with sustainability features such as recyclability, reusability, reduced carbon footprint, lightweight, biomaterial, reusability, composability, etc.
Amcor is pursuing various growth initiatives, including acquisitions, expansions, and collaborations. The firm recently extended its foothold in Asia-Pacific by purchasing Phoenix Flexibles (India) in August 2023. In January 2018, the firm committed to designing all of its packaging to be recyclable, biodegradable, or reusable by 2025, as well as increasing the quantity of recycled material it utilises. The company aims to create packaging that is lower in weight, recyclable and reusable, and constructed with an increasing amount of recycled material.
The Sustainable Packaging Companies Quadrant is a thorough industry research that gives significant insights into the worldwide Sustainable Packaging market. This quadrant thoroughly examines the industry's top players, technical breakthroughs, product innovations, and upcoming trends.
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