Synthetic resin containers are a key innovation area in the Internet of Things (IoT) and can be used for various purposes. One use is to block incident light of a particular wavelength. In addition to this, these containers help in meeting environmental goals as they provide recycling opportunities.

According to GlobalData, there are 60+ companies, spanning technology vendors, established packaging companies, and up-and-coming start-ups engaged in the development and application of synthetic resin containers.

‘Application diversity’ measures the number of different applications identified for each relevant patent and broadly splits companies into either ‘niche’ or ‘diversified’ innovators.  

‘Geographic reach’ refers to the number of different countries each relevant patent is registered in and reflects the breadth of geographic application intended, ranging from ‘global’ to ‘local’.  

Yoshino Kogyosho is one of the leading patent filers in synthetic resin containers. Some other key patent filers in the space include Amcor, O-I Glass, and IFCO Systems.  

Amcor recently introduced the DairySeal line of packaging featuring ClearCor, an advanced polyethylene terephthalate (PET) barrier. The introduction of DairySeal will help dairy alternatives, nutritional, and ready-to-drink (RTD) markets to have a more sustainable packaging solution that can be used across all retail channels.  

In terms of application diversity, European Molecular Biology Laboratory leads the pack, while L'Oréal and Saint-Gobain Oberland stood in the second and third positions, respectively. By means of geographic reach, IFCO Systems held the top position, followed by Cargill and Royal Unibrew.  

Synthetic resin containers will potentially become the approach favoured by many future packaging players. The importance of the technology can be observed today by looking at the latest innovations and research by key players in the field.  

GlobalData, the leading provider of industry intelligence, provided the underlying data, research and analysis used to produce this article.