Leading market players are putting a lot of money into R&D to broaden their product ranges, which will contribute to the further growth of the Ice Cream Packaging market. Additionally, market players are engaging in a range of calculated initiatives to increase their worldwide presence, with important market developments involving the introduction of new products, contracts, M&A transactions, increased investment, and cooperation with other enterprises. To grow and endure in an increasingly cutthroat and dynamic market, the Ice Cream Packaging industry must provide reasonably priced goods.
Manufacturing locally is one of the primary business techniques used by manufacturers to cut operational costs in the Ice Cream Packaging industry to help customers and expand the market segment. In recent years, the Ice Cream Packaging industry has provided some of the biggest benefits to the packaged food industry. Major players in the Ice Cream Packaging market, including China, Japan, India, Australia, South Korea, Brazil, Germany, France, UK, Italy, Spain, and others, are engaging in research and development activities in an effort to boost market demand.
Amcor plc. For food, beverage, drugs, medical devices, home and personal care, and other items, it develops and manufactures flexible packaging, rigid containers, customized cartons, closures, and related services. The company was founded in 1896 as the Australian Paper Mills Company Pty Ltd, combining paper milling enterprises that had been founded in and around Melbourne, Australia, in the 1860s. Listed on both the Australian Securities Exchange (ASX: AMC) and the New York Stock Exchange (NYSE: AMCR), Amcor is a dual-listed business.
In August 2023, it was revealed that Amcor had paid an unknown sum to purchase Phoenix Flexibles, a flexible packaging manufacturer based in Gujarat.
Sonoco Goods Company is the world's leading manufacturer of composite cans, tubes, and cores. It is an American company that offers a variety of consumer packaging options, industrial goods, protective packaging, and packaging supply chain services. With yearly net revenues of about $7.3 billion, the corporation was established in 1889. Sonoco serves more than 85 countries with 19,900 workers across more than 335 facilities in 33 countries. Based in Hartsville, South Carolina, the company is the state's largest corporation in terms of sales.
In September 2023, It was revealed that Sonoco had successfully paid $330 million to its parent business, WestRock, to acquire the US packaging company RTS Packaging.