13 November 2023
13 November 2023
Sidel's 'ultra-light' and 'ultra-small' PET bottle aims to offer an increased competitive advantage for liquid dairy manufacturers.
CEO David B Sewell has outlined strategic plans to unlock cost savings and foster profitable growth in fiscal 2024.
The packaging industry grapples with finding the sweet spot between innovation and sustainability concerns.
UPM is addressing the need for pet food packaging with grease resistance without compromising health.
The company attributed its performance to a drop in sales volume within its CMP unit.
The new lids are produced using renewable moulded fibre, certified as compostable by the BPI.
The move is part of a JV established between the companies earlier this year.
The company's positive results were attributed to improvements in its Tissue Papers business unit.
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The packaging volume in the global household products industry was 199 billion units in 2022, and is expected to grow at a CAGR of >3% by 2027, per GlobalData estimates. Flexible packaging was the most used pack material in 2022 accounting for a share of 68.6%, followed by rigid plastics. Flexible packaging offers ease of use and storage, allowing customers to access and store household and pet care products conveniently. The lightweight nature of flexible packaging reduces transportation costs and increases efficiency throughout the supply chain.
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