Packaging Industry In Italy - Growth, Trends, Covid-19 Impact, and Forecasts (2023 - 2028)
The Italian packaging industry is expected to grow at a CAGR of 3.1% over the forecast period. Packaging materials serve as a means of material containment and preservation, safe transportation, and disclosure of material properties and contents to end users. The development of packaging items is greatly influenced by various social factors and upcoming market trends in economically developed markets.
Key HighlightsThe packaging industry in Italy is cohesive and cohesive. It is a unique market space with multiple vendors, such as Tetra Pak Italiana SpA, Smurfit Kappa Italia SpA, and Wipak Bordi SRL. DS Smith Packaging Italia SpA, Rotofil SRL, and Vetreria Etrusca, among others, are operating and working to improve their revenue share. Many companies are investing in R&D activities across the country to help the industry to grow. On a global level, mergers and acquisitions also impact the competition in the domestic market.
In May 2022, Investment firm Peninsula Capital agreed to buy Italian premium packaging firm ISEM Bramucci, which makes luxury boxes and folding cartons to hold fragrances, cosmetics, and champagne bottles, and whose customers include L'Oréal and Shiseido in a deal worth around EUR 90 million (~USD 97 million), and targeted further acquisitions in the industry.
In April 2022, US-based hybrid packaging company Berlin Packaging acquired Italian glass and metal packaging supplier Panvetri. Based in Modugno, Panvetri serves wine estates, cooperative wineries, oil mills, and food manufacturers primarily in Italy's Apulia and Basilicata regions. In addition to wine and olive oil packaging, the family-owned company supplies beer, spirits, sparkling wine bottles, olive oil cans, food jars, and closures.
Additional Benefits:Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook