Market News
Recent Developments:
New product launches:
- In January 2022, Albea launched its paper-like EcoLeaf tube, which provides sustainability benefits. The tube is made from 75% recycled plastic. Albéa is a global company that manufactures packaging and beauty solutions for prestigious and emerging brands around the world. The company provides a wide range of packaging solutions, including cosmetic tubes in various materials, shapes, and sizes, equipped with applicators for makeup and personal care. Additionally, Albéa designs and manufactures custom fragrance caps and skincare packaging for prestigious brands, with a focus on technical innovation and "Made in France" quality. The company is known for its responsible and sustainable packaging solutions, including tubes, lipsticks, mascaras, fragrance caps, and skincare jars, catering to the beauty, personal care, and health markets. Albéa is committed to environmental responsibility and supporting communities. The company has a strong presence in the plastic, laminate, and paper-based packaging sectors, with a focus on innovative and responsible packaging solutions.
- In September 2021, Essel Propack launched ESOL, a plastic-free, fully recyclable metal laminate tube. The tube provides high barrier protection. Essel Propack is a global tube packaging company that provides packaging solutions for various industries, including oral care, beauty and cosmetics, pharma and health, food and nutrition, and home care.
- The company is headquartered in Mumbai, India, and is owned by The Blackstone Group. Essel Propack is a specialty packaging manufacturer of laminated plastic tubes for the FMCG and Pharma space. The company operates in over 11 countries and has 24 facilities worldwide, selling more than six Bn tubes each year. Essel Propack is known for its innovative and sustainable packaging solutions, including the D16 mini tube innovation with tamper-evident cap, which helps customers' brands enter new categories like eye cream, facial essence, sunscreen cream, and foundation with very consumer-friendly products.
- In June 2020, Montebello Packaging launched the Biotic Tube made using 90% renewable sugarcane plastic. It provides sustainability benefits. Montebello Packaging is a world-class manufacturer of packaging for the pharmaceutical, food, and cosmetic industries.
- The company has roots dating back to 1952, when it started producing aluminum tubes for the pharmaceutical industry. Montebello Packaging offers a variety of sustainable packaging options.
Acquisition and partnerships:
- In April 2022, Hoffmann Neopac acquired a majority stake in 3D Technopack. This expanded its presence in Central and Eastern Europe. Hoffmann Neopac is a leading Swiss packaging manufacturer that specializes in producing high-quality Polyfoil®, polyethylene, and COEX tubes, as well as decorative.
- In February 2022, Sonoco acquired the leading manufacturer of sustainable metal packaging for food and household products, Ball metal pack. The metal packaging business complements Sonoco’s largest consumer packaging franchise. Sonoco is a global packaging solutions leader that has been serving various markets since 1899 in more than 85 nations with 330 global plants. The company provides consumer, industrial, healthcare, and protective packaging solutions. Sonoco is committed to creating sustainable products, services, and programs for its customers, employees, and communities that support its corporate purpose.
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