Market News
Recent Developments:
New product launches:
- In April 2022, Tesco, a U.K.-based multinational grocery and general merchandise retailer, partnered with Recycling Technologies to offer recycle bags in over 600 stores in the U.K. The bags allow consumers to recycle flexible plastic from their homes.
- In January 2021, Amazon, an American multinational technology company that focuses on e-commerce, cloud computing, digital streaming, and artificial intelligence, launched it recycle bag to enable easy recycling for customers in the U.K. The large bagster bags allow customers to collect recyclables before dropping them off at recycling centers.
- In September 2020, Coles, a Australia-based supermarket chain, made significant strides in its sustainability efforts and commitment to reducing plastic waste by launching various initiatives related to reusable and sustainable bags like launch of new reusable bags and plastic bags made from marine waste. Coles launched reusable bagster bags as part of its goal to reduce plastic waste. The sturdy bags can be used up to 100 times.
Acquisition and partnerships:
- In January 2022, Republic Services, a waste management company, acquired U.S. Ecology, a leading environmental solutions company. Republic Services acquired U.S. Ecology to expand its environmental solutions capabilities, including waste disposal and recycling services.
- Waste Management is a leading provider of comprehensive waste management and recycling services. The company offers a wide range of services, including garbage collection, recycling pickup, dumpster rental, and environmental stewardship. In April 2021, Waste Management partnered with OPTI Resource Management Group to offer recycling and waste management services in Canada. Resource Management Group (RMG) is a nationally recognized boutique search practice specializing in executive-level finance positions.
- Covanta is a leader in sustainable materials management, providing environmental solutions to businesses and communities as a private energy-from-waste and industrial waste management services company headquartered in U.S. In December 2020, Covanta acquired GERs ID’s waste and recycling operations to expand its waste management infrastructure in the Northeast U.S.
Few Other Promising Reports in Packaging Industry
Plastic Waste Management Market
Hazardous Waste Bag Market
Trash Bags Market
Garbage Disposals Market
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