Coveris Holdings

What Coveris Holdings does

Coveris Holdings is a European flexible packaging manufacturer, founded in 2013 and headquartered at its corporate office in Vienna, Austria, with a corporate domicile disclosed as Luxembourg. Owned by US private equity firm Sun Capital Partners, Coveris operates 17 manufacturing facilities across EMEA (UK, Germany, Austria, France, Hungary, Poland, Netherlands, Czech Republic, Egypt) with approximately 2,500 employees. Following the January 2026 announcement to divest its Paper Business Unit (labels and board) to Kingswood Capital Management — to operate as the standalone Paragon Print and Packaging with EUR 270M revenue — Coveris's continuing operations are projected at EUR 600M in sales volume, focused on plastic packaging across food and pet food, medical/healthcare, agricultural, consumer goods, and industrial verticals.

Coveris's core business is high-performance flexible packaging spanning extrusion, printing, lamination, and conversion. Its product architecture is organized around sub-brands: MediFlex (medical sterile barrier systems — pouches, headerbags, thermoforming films — manufactured in ISO Class 7 cleanrooms with ISO 13485:2016 certification), Unterland and Farmfilms (agricultural silage and bale wrap films with 60+ years of expertise), MonoFlex family (recyclable monomaterial packaging), ReCover (closed-loop recycling programme), plus flexible packaging products including Quadroseal bags, pillow bags, block bottom bags, security envelopes, and flow wrap films. Innovation is anchored in three R&D facilities — Film Science Lab, Food Science Lab, and Pack Innovation Centre — and a proprietary closed-loop recycling model (TRUCIRCLE) developed with SABIC, Zuyderland Medical Centre, and Artivion, producing medical-grade packaging with 25% certified recycled content from non-contaminated hospital waste.

Coveris generates revenue through B2B direct sales to enterprise customers, delivered by local sales representatives across all operating regions. The go-to-market is sales-led with no e-commerce or self-serve channel; pricing is not publicly disclosed and contracts are project-based with custom engineering and validation cycles (e.g., joint technical trials with pladis Global). Strategic partnerships anchor the No Waste sustainability positioning: pladis Global for recyclable confectionery packaging (GODIVA, McVitie's, Flipz, Demet's Turtles), SABIC TRUCIRCLE for circular medical packaging, ERDE Germany for agricultural film collection, and Interzero for recycling operations. The company holds multiple EcoVadis ratings (Platinum, Gold, Silver) across its facilities, ISCC PLUS, BRCGS, ISO 9001/14001/45001/22000 certifications, and Sterile Barrier Association membership.

Name

Coveris Holdings

Legal name

Coveris GmbH

Website

https://coveris.com

Company type

Private

Founded year

2013

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Coveris Holdings is a Vienna-headquartered flexible packaging manufacturer operating 17 EMEA production sites, serving food, medical, agricultural, consumer goods, and industrial clients with plastic films, sterile barrier systems, agricultural films, and closed-loop recycling programmes.

Ownership category

akta.pro rank

Product category

Flexible Packaging Manufacturing

NAICS

Plastics Packaging Film and Sheet (including Laminated) Manufacturing (326112), Plastics Packaging Materials and Unlaminated Film and Sheet Manufacturing (32611), Plastics Bag and Pouch Manufacturing (326111), Paper Bag and Coated and Treated Paper Manufacturing (322220)

SIC

Unsupported Plastics Film & Sheet (3081), Plastics, Foil & Coated Paper Bags (2673), Converted Paper & Paperboard Prods (No Contaners/Boxes) (2670)

akta.pro primary industry

Sterile & Aseptic Medical Packaging (Pouches, Wraps, Sterile Barriers) (IMALAIAB)

akta.pro secondary industries

Flexible Paper Packaging & Wraps (kraft wrap, pouches, laminations) (IMAMAHAF), Paper-Based Packaging & Single-Use Paper Products (Paper Bags, Wraps, Cartons) (CRADALAL)

Keywords

• Flexible plastic packaging
• Sterile medical packaging
• Agricultural stretch films
• Sustainable paper packaging
• Industrial packaging films

Headquarters

HQ city

Luxembourg

HQ country

Luxembourg

HQ region

Europe

Offices17 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Personnel, Infrastructure, Technology or R&D, Marketing or Sales

Revenue model

1. Flexible Plastic Packaging: Core revenue stream from manufacturing sustainable, high-performance plastic packaging solutions for food, pet food, consumer goods, and industrial applications. Includes extrusion, printing, lamination, and conversion capabilities across 17 manufacturing sites.
2. Paper Packaging: Paper-based packaging solutions including wrapping paper, gusseted bags, wicketted bags, and block bottom bags. The Paper Business Unit was sold to Kingswood Capital in early 2026.
3. Medical/Healthcare Packaging (MediFlex): Sterile barrier packaging for medical devices and healthcare applications. Products include pouches, headerbags, and thermoforming films manufactured in ISO Class 7 cleanrooms. Minimum order quantity of 500 pieces for standard products.
4. Agricultural Films (Unterland/Farmfilm): High-performance silage films and agricultural stretch films for crop protection, bale wrapping, and farming applications. Products include Unterland FX, Crystal, R, TQ/TQ Plus, Cast-C5, Compact, Pegasus, and Farmfilm Performance.
5. Custom Packaging Solutions: Tailored packaging development including sustainable alternatives like the recyclable paper-based Block Bottom Bags developed for pladis Global. Involves joint technical trials and process validation.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels8 records

Core offering

Coveris develops and manufactures sustainable, high-performance paper and plastic packaging solutions across 17 manufacturing sites in the EMEA region. The company serves food, pet food, medical, agriculture, consumer goods, and industrial markets with products spanning sterile barrier medical pouches (MediFlex), agricultural silage films (Unterland/Farmfilms), recyclable monomaterial bags (MonoFlex family), flow wrap films, thermoforming films, and closed-loop recycling (ReCover).

Product overview

Coveris Holdings is a European packaging manufacturer offering sustainable, high-performance paper and plastic packaging solutions across multiple specialized product lines. The company operates under a platform-plus-modules architecture with core sub-brands including MediFlex (medical/healthcare sterile packaging with products like PCLP pouches, PFP headerbags, PFPR steam sterilization pouches, FPT/FPP thermoforming films), Unterland & Farmfilms (agricultural silage films including Unterland FX, Crystal, R, TQ/TQ Plus, Cast-C5, Compact, Pegasus), ReCover (closed-loop recycling program), and various flexible packaging products including MonoFlex family, Quadroseal Bags, Block Bottom Bags, Pillow Bags, Security Envelopes, Flow Wrap Films, and paper-based solutions (wrapping paper, gusseted bags, wicketted bags). The portfolio serves food, pet food, medical, agricultural, consumer goods, and industrial sectors across 17 manufacturing sites in EMEA.

Differentiator

Problem solved

Functional benefit

Brands

• MediFlex: Medical device and healthcare packaging brand offering sterile barrier systems including pouches, headerbags, and thermoforming films for medical devices
• Unterland
• Farmfilms
• ReCover
• Amberley Labels
• Rivendell

Products and services

• MediFlex PCLP Pouches Film-only pouches that can be quickly and easily peeled open for sterile content extraction, offering total bacterial impermeability for medical device manufacturers.
• MediFlex PFP See-Through Packaging Packaging combining breathable Tyvek valves and laminated film, providing bacteria-impermeable protection with high puncture resistance for medical device manufacturers.
• MediFlex PFP Headerbags Headerbags with Tyvek flap designed for easy handling of large, bulky medical items, featuring high strength, moisture resistance, and optimal air permeability.
• MediFlex PFPR & PFPO Steam Sterilization Pouches Steam sterilisation pouches made of Tyvek offering higher strength and puncture resistance than paper, with peelable opening options for medical device manufacturers.
• MediFlex PMP See-Through Pouches Economical and reliable clear pouches and tubes with tinted film for easier visual defect detection, including colour indicators for steam, ethylene oxide, or formalin sterilisation.
• MediFlex FPT Sustainable form-fill-seal packaging designed with uncoated Tyvek for better end-of-life waste management, featuring low back shrink property and good forming characteristics.
• MediFlex FPP Recycle-friendly co-extruded thermoforming films with excellent puncture resistance, PA-free and available on polyethylene or polyolefin base for medical device manufacturers.
• Thermoforming Films for Medical Devices Durable, puncture-resistant thermoforming films for sterile barrier systems for single-use medical devices, available as MediFlex FPS and FPT variants.
• Unterland Crystal Premium transparent silage wrap with innovative manufacturing process, allowing immediate problem recognition, simplifying bale trade, and reducing bird damage for agricultural customers.
• Unterland R Sustainable silage stretch film made with 100% renewable electricity and at least 30% recycled material from used agricultural film, reducing carbon footprint by 23%.
• Unterland TQ/TQ Plus High-performance agricultural stretch films offering more metres per roll, reducing film changes, with excellent tear and puncture properties using thinner gauge film.
• Unterland Cast-C5 Premium 5-layer cast stretch film for silage wrapping, offering a cost-efficient alternative with consistent film thickness and excellent runnability.
• Unterland Compact Multilayer silage wrap creating tighter, more rounded bales with improved oxygen barrier, easier bale opening, and simplified waste disposal as film and netting don't need separation.
• Unterland Pegasus High-quality stretch film for silage bales ideal for horse feed, with greater strength, resistance to penetration, better adhesion, and higher yield.
• Unterland FX Flexible bale wrap film with new adhesive system ensuring excellent adhesion and reduced tail formation, designed for extreme loads and high-performance wrappers.
• Farmfilm Performance UK-manufactured bale wrap with high puncture and tear resistance, working on all types of bale wrappers with optimised operation characteristics.
• Quadroseal Bags Wide range of free-standing, customisable bags available with barrier options and advanced recyclable PE films for food and consumer goods manufacturers.
• Three-Sided Sealed Bags Premade three-sided sealed bags with enhanced functionality and ease of processing for food and consumer goods manufacturers.
• MonoFlex Family Leading range of monomaterials for easy recycling, including recyclable PE laminates designed for sustainability across food and consumer goods applications.
• Premade Stand-up Pouch Premade stand-up pouches with unmatched shelf presence and product protection, using sustainable PE laminates for food and consumer goods manufacturers.
• MonoFlexE Flat Bottom Bag Innovative sustainable flat bottom bag that stands perfectly on shelves, fully recyclable monomaterial solution with equivalent machinability to standard PET/PE bags.
• Pillow Bags Mono BOPP structure pillow bags with high-barrier metallised film, produced for food, pet food, and industrial sectors.
• Block Bottom Bags Pre-made glued block bottom bags that preserve aroma, smoothness, and freshness, available in paper and recyclable options for food and pet food sectors.
• Security Envelopes PE-based recyclable and resealable safety bags for enhanced protection during shipment, available in reopenable or non-reopenable versions for industrial customers.
• Wrapping Paper Sustainable coated wrapping paper with moisture and water resistance, produced in reel and sheet formats for food and consumer goods applications.
• Gusseted Bags Sustainable, recyclable, and durable paper bags produced for food and consumer goods applications.
• Wicketted Bags MonoFlex Lite recyclable premade bags designed for bakery goods and produce packaging applications.
• Vertical and Horizontal FFS Films Co-extruded and laminated flow wrap films for VFFS and HFFS packaging lines, optimised for maximum production efficiency with extended shelf life and premium presentation.
• MediFlex Ready-to-go Range Pre-packed standard medical packaging products in units of 500 for immediate use, enabling fast-track packaging trials with no lengthy lead times for medical device manufacturers.

Quantifiable outcome

• 89% recyclability achieved for MediFlex PFP medical packaging
• +4 more outcomes

Named customers4 records

Segments5 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature7 records

Partnerships

Six partnerships are on record, tiered core and minor.

• pladis GlobalcoreStrategic or Co-development Partner · 15 December 2025Coveris partnered with pladis Global, one of the world's fastest growing confectionery and chocolate manufacturers, to transition US confectionery packaging to fully recyclable paper-based alternatives. The collaboration replaced non-recyclable OPP/paper block bottom bags with recyclable paper solutions for brands including GODIVA, McVitie's, Flipz, and Demet's Turtles. Joint technical trials and process validation were conducted, with the new design significantly reducing fibre break and ensuring premium shelf appearance.
• ArtivioncoreStrategic or Co-development Partner · 1 January 2025Artivion, a healthcare brand, participates in the TRUCIRCLE closed-loop initiative by packing their vascular surgery guidewires in pouches made from recycled hospital plastic. Once packed, products are shipped back to Zuyderland Medical Centre, completing the circular supply chain.
• SABICcoreStrategic or Co-development Partner · 1 January 2024Coveris teamed up with SABIC for the TRUCIRCLE initiative, pioneering the first closed-loop recycling model for medical packaging. SABIC transforms non-contaminated hospital waste into pyrolysis oil and then into certified circular polyethylene (TRUCIRCLE PE) meeting strict medical standards. This virgin-like material is then used by Coveris to manufacture medical-grade packaging.
• Zuyderland Medical CentrecoreStrategic or Co-development Partner · 1 January 2024Zuyderland Medical Centre in the Netherlands introduced a new waste collection concept targeting non-contaminated plastic waste that would otherwise be incinerated. The hospital collects waste in separate pink bags which are processed by SABIC into certified circular PE. The hospital receives back sterile packaging made from their own waste stream, closing the loop completely.
• ERDE GermanyminorStrategic or Co-development PartnerCoveris cooperates with ERDE Germany, an organization for crop plastic collection, to support the recycling of agricultural films. This partnership supports Coveris' No Waste vision by enabling proper collection and recycling of used silage films.
• InterzerominorStrategic or Co-development PartnerPartnership with Interzero for the ReCover recycling programme, discussed in the Inside Packaging podcast. Interzero supports Coveris' circular economy initiatives and medical recycling programmes.

Scale indicators13 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• Amcor: Amcor is a global packaging leader in flexible plastic films, rigid plastics, and healthcare packaging, with overlapping product lines in food, medical, and consumer packaging. Coveris is explicitly identified alongside Amcor as a key player in flexible plastic packaging and collation shrink films.
• Berry Global: Berry Global is a major global plastic packaging manufacturer with strong positions in flexible films, rigid containers, and engineered materials. Coveris is cited alongside Berry Global in industry analyst rankings for flexible plastic packaging and collation shrink films.
• Constantia Flexibles: Constantia Flexibles is an Austrian-headquartered flexible packaging manufacturer with a similar product portfolio across food, pharma, and consumer goods. Its geographic and customer overlap with Coveris makes it one of the closest direct comparables in flexible packaging.
• Huhtamaki: Huhtamaki is a global specialist in food and consumer packaging, including flexible films, pouches, and sustainable monomaterial solutions. It directly competes with Coveris in food, pet food, and flexible packaging segments in EMEA and globally.
• Sealed Air: Sealed Air is a global packaging company focused on food protection, protective packaging, and shrink films. Coveris is identified alongside Sealed Air in the collation shrink films market, making it a direct peer in protective and food packaging films.
• Mondi: Mondi is a major European paper and flexible packaging manufacturer with strong positions in kraft paper, paper-based packaging, and flexible films. It competes directly with Coveris's paper-based products and flexible packaging offerings in European CPG markets.
• AptarGroup: AptarGroup is a specialist in dispensing systems, packaging components, and pharma packaging solutions. It overlaps with Coveris in medical/healthcare packaging segments where Coveris's MediFlex sterile barrier systems compete for healthcare OEMs.
• ProAmpac: ProAmpac is a flexible packaging manufacturer focused on sustainable films, pouches, and specialty packaging for food, pet food, and consumer products. It is a direct comparable in flexible packaging with emphasis on recyclable and monomaterial structures.

Broad incumbents

• Sonoco: Sonoco is a diversified global packaging company with broad portfolios in rigid paper containers, flexible packaging, and protective solutions. Its flexible packaging segment overlaps with Coveris in food and consumer goods packaging as a broader incumbent.

Emerging players

• Clondalkin Group: Clondalkin Group is a European flexible packaging specialist with operations in films, pouches, and barrier packaging for food and consumer markets. It is a regional, mid-sized peer with overlapping product and customer footprint to Coveris in EMEA.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/coveris

Compliance20 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Subsidiaries6 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A6 records

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Coveris Holdings