Top 10 Packaging Companies in APAC (excl. China) in 2021 by Revenue
Oji Holdings Corp, Nippon Paper Industries Co Ltd, Nine Dragons Paper (Holdings) Ltd, Toyo Seikan Group Holdings Ltd, and Rengo Co Ltd are the top 5 packaging companies in APAC (excl. China) in 2021 by revenue. Collectively, the top 10 packaging companies APAC (excl. China) generated revenue of $49,392 million, where Oji Holdings Corp ($7,199 million) has the highest, followed by Nippon Paper Industries Co Ltd ($6,767 million) and Nine Dragons Paper (Holdings) Ltd ($8,924 million), while SCG Packaging PCL stood lowest ($3,889 million). The highest revenue increase was registered by SCG Packaging PCL (33.8%), followed by Lee & Man Paper Manufacturing Ltd (25.6%), and Nine Dragons Paper (Holdings) Ltd (19.9%), while the companies Japan Pulp and Paper Co Ltd, Oji Holdings Corp, Toyo Seikan Group Holdings Ltd, Berli Jucker Public Co Ltd, Nippon Paper Industries Co Ltd and Rengo Co Ltd had a revenue growth decline of 13.4%, 9.9%, 5.3%, 4.3%, 4%, and 0.5% respectively. In terms of the geographical split, 6 out of the top 10 packaging companies in APAC (excl. China) by revenue (Oji Holdings Corp, Nippon Paper Industries Co Ltd, Toyo Seikan Group Holdings Ltd, Rengo Co Ltd, Daio Paper Corp, and Japan Pulp and Paper Co Ltd) are based in Japan, while 2 (Nine Dragons Paper (Holdings) Ltd and Lee & Man Paper Manufacturing Ltd) are based in Hong Kong, and the remaining companies are based in Thailand. They have employed a total of 204,387 people in 2021. Oji Holdings Corp is the leading packaging company in APAC (excl. China) in 2021 (by revenue). The company reported revenues of $7,199 million for the fiscal year ended December 2021 (FY2021), a decrease of 9.9% over FY2020. The company manufactures and supplies corrugated containers, packaging materials, newsprint, specialty papers, lumber, and other paper products. It also carries out real estate, engineering, logistics, and trading businesses. Oji Holdings has operations across Asia, Oceania, the Americas, and Europe. It is headquartered in Chuo-Ku, Tokyo, Japan, and employs 38,200 people in FY2021. Africa, and employs 35,608 people in FY2021. Nippon Paper Industries Co Ltd one of the leading packaging companies in APAC (excl. China) in 2021 (by revenue). The company reported revenues of $6,767 million for the fiscal year ended March 2021 (FY2021), a decrease of 4% over FY2020, and reported a negative CAGR of 10.1% during 2019-21. The company is a provider of pulp and paper products. It also carries out the manufacturing of housing and construction related products. Its portfolio includes paper, paperboard, and household paper products; chemical products and functional materials; processed paper products; wood products and construction materials. It is headquartered in Chiyoda, Tokyo, Japan, and employs 16,129 people in FY2021.