With a dynamic economy and many ways to create a product, a lot of companies are changing the way that they manufacture products. From food and beverage to paper products and metal, the packaging industry has changed. Now businesses of all kinds are using outsourcing to package their products. This has created a blossoming copacking industry that helps businesses find and stay at peak performance by allowing them to outsource effectively. Below are five industry leaders that are changing the way businesses package what they make.
Beverages
It has become abundantly clear that plastic is unsustainable. Makers of water, soda, beer, and other drinks are working with beverage copackers to create sustainable beverage manufacturing models. Companies like Wild Pack are enabling drink makers to expand their business or manufacture canned beverages without the necessary infrastructure. Not only does this provide a sustainable way to increase inventory, beverage packing businesses have learned that aluminum is nearly infinitely recyclable and can be used in a variety of ways. Glass can be recycled efficiently too. Whatever drink you are making or drinking, it always tastes better when you know the packaging is sustainable.
Paper
One of the global producers of packaging paper and pulp is International Paper. This company has 55,000 employees and operates in 24 countries around the world. Like beverage packagers, packaging paper companies are figuring out new ways to responsibly package products, using renewable resources to make recycled products that people use every day.
Paper, of course, comes from trees and one way to lower the amount of carbon in the atmosphere warming the planet is to keep more trees around. Paper packaging companies are at the forefront of this effort because manufacturing cheaper paper products isn’t just better for the world, it makes business more sustainable.
Technology
Technology is a huge part of our economy and much of it is very fragile. This means that tech parts and electronics need to be carefully packaged. It should come as no surprise that technology packaging is a huge business. With copacking becoming such a lucrative business, there are plenty of companies who specialize in packing technology.
One of the most famous is Crown Holdings. This company operates in 40 countries and has 23,000 employees. With net sales of $9.1 billion, the company is uniquely positioned to bring the best practices in quality manufacturing to developing economies around the world.
Household Products
One of the biggest industry leaders in copacking is the Ball Corporation. You’ve likely heard of it. Ball provides packaging for all kinds of products and clients. In addition to metal packaging for food, drinks, and even aerospace technology, the company offers packaging for household products. They are one of the most diverse leaders in the copacking space. The Ball Corporation was founded all the way back in 1880. Not only does the company employ 15,000 people around the world, they are a highly sought-after stock in the New York Stock Exchange.
Healthcare Products
Amcor is another one of the biggest packaging companies in the world. They supply such a broad range of packaging products for a diverse group of customers. They deal in food, beverage, and household products like a lot of businesses, but the unique part about Amcor is that they provide packaging for both the healthcare industry and the tobacco industry. Recently expanded, Amcor began in Australia but now serves markets around the world.
Did you know that the packaging business was so huge? Now you do. This is because copacking provides a way for other companies to keep their overhead low and avoid investing in expensive manufacturing equipment for packaging. It provides a way for businesses of all kinds to work in a sustainable way to provide products to people around the world.
There are so many ways that the world is becoming more sustainable, but packaging is one area that will continue to evolve. No longer do companies need to waste time, money, and effort creating their own packaging. Now they can rely on the experts, who have to care about sustainability. For these companies, the benefit to the planet is typically a bonus. Sustainability in the corporate world means that they can create a lucrative business.
Hernaldo Turrillo is a writer and author specialised in innovation, AI, DLT, SMEs, trading, investing and new trends in technology and business. He has been working for ztudium group since 2017. He is the editor of openbusinesscouncil.org, tradersdna.com, hedgethink.com, and writes regularly for intelligenthq.com, socialmediacouncil.eu. Hernaldo was born in Spain and finally settled in London, United Kingdom, after a few years of personal growth. Hernaldo finished his Journalism bachelor degree in the University of Seville, Spain, and began working as reporter in the newspaper, Europa Sur, writing about Politics and Society. He also worked as community manager and marketing advisor in Los Barrios, Spain. Innovation, technology, politics and economy are his main interests, with special focus on new trends and ethical projects. He enjoys finding himself getting lost in words, explaining what he understands from the world and helping others. Besides a journalist, he is also a thinker and proactive in digital transformation strategies. Knowledge and ideas have no limits.