Market News
Recent Developments
New product launches
- Mondi, in 2021, unveiled its compostable packaging range called NatureFlex. This range comprises a diverse selection of products, including bags, films, and trays. The NatureFlex range offers brands and businesses a compostable packaging solution that breaks down naturally, minimizing environmental impact and contributing to a circular economy. Mondi is a leader in packaging and paper providing a breadth of expertise and track record of innovation
- In 2020, Uflex launched its Vegware range of plant-based packaging. The Vegware range encompasses a variety of products, including cups, plates, and bowls. This line of plant-based packaging addresses the demand for sustainable alternatives to conventional packaging materials, allowing businesses to provide eco-friendly options for foodservice and other applications.
Acquisition and partnerships
- DS Smith Acquired EcoPack and EcoPaper: In 2019, DS Smith, a leading provider of sustainable packaging solutions, acquired EcoPack and EcoPaper, which are Slovenia-based packaging and paper companies specializing in eco-friendly packaging. This acquisition expanded DS Smith's capabilities in producing sustainable packaging, including botanical packaging solutions.
- Huhtamaki Partnership with Better Earth: Huhtamaki, a global packaging solutions provider, partnered with Better Earth Packaging in 2020. Better Earth specializes in developing and producing sustainable packaging made from plant-based materials. The collaboration aimed to enhance Huhtamaki's sustainable packaging portfolio by incorporating plant-based and biodegradable options.
- Mondi Partnership with Aquapak: In 2020, Mondi, a global packaging and paper company, announced a strategic partnership with Aquapak, a polymer manufacturer. The partnership aimed to develop sustainable packaging solutions using Aquapak's water-soluble polymer technology. The collaboration focused on creating recyclable and compostable packaging options, including botanical packaging.