Amcor signs deal to acquire Phoenix Flexibles
The acquisition is expected to help Amcor offer a broader range of more sustainable packaging in India’s high-growth market.
14 August 2023
14 August 2023
The acquisition is expected to help Amcor offer a broader range of more sustainable packaging in India’s high-growth market.
The decision was based on the significant decline in demand for Cascades' products in the region.
The awards recognise corrugated companies, teams and individuals who have made outstanding contributions to the advancement of the global corrugated industry.
Spark Sourcing’s patented eco-shell compound material has received the EN 13430 certification for recyclability.
The decline in revenues was attributed to the weak domestic market demand for the company's paper product.
The facility will have an initial processing capacity of 20,000t of end-of-life plastics.
The study used a combination of essential oils was said to be more effective than tea tree oil.
Earlier in the year, the group developed a roadmap to reach its recycling target of 50% by 2030 in the country.
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In 2022, flexible packaging was the most used pack material, followed by rigid plastics. Dairy & soy food was the leading sector, while prepared meals sector is forecast to register the fastest growth during 2022–27, per GlobalData. The demand for eco-friendly packaging is on the rise, stimulated by consumers’ increasing focus on sustainability. Personalized packaging is becoming popular as consumers appreciate products tailored to their needs or preferences. In the food packaging industry, personalization can be done to amplify brand appeal in form of personalized bags, stickers, or boxes.
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