Packaging News

Recent industry report about Packaging company news, including latest market trends and industry updates in 2024. This sector news is compiled by Mordor Intelligence™ Packaging Market industry experts.

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Packaging News

  • June 2024: Sonoco Products Company announced its agreement to acquire Eviosys, a Europe manufacturer of food cans, ends, and closures, from KPS Capital Partners, LP, at around USD 3.9 billion.
  • May 2024: Mondi, a prominent global entity in sustainable packaging and paper, marked a significant milestone in Duino, Italy, by laying the foundation for its EUR 200 million (USD 216.45 million) investment in the mill, which Mondi acquired in January 2023. The facility's existing paper machine is transforming into a recycled containerboard machine.
  • April 2024: The United Kingdom has initiated the Circularity in Primary Pharmaceutical Packaging Accelerator (CiPPPA) to spearhead the development and execution of strategies aimed at enhancing the recycling of medicinal devices and pharmaceutical packaging at their end-use. CiPPPA is a non-profit, collaborative effort that unites stakeholders spanning the pharmaceutical supply chain.
  • April 2024: Berry Global Group Inc., a key player in designing, developing, and producing healthcare solutions, increased its production capacity by investing in new assets and manufacturing capabilities. This move is set to amplify production by a significant 30% at three of its European facilities.
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  • August 2024: Nestlé Nigeria has introduced its iconic breakfast cereal, Golden Morn, now featuring sustainable packaging. This initiative aligns with Nestlé's global recycling vision. The new packaging highlights Nestlé's commitment to ensuring that over 95% of its plastic packaging is recyclable by 2025. Additionally, the packaging incorporates eco-friendly materials, further emphasizing Nestlé's dedication to sustainability.
  • April 2024: Pharmaconex West Africa is set to debut in Nigeria. The event will spotlight Active Pharmaceutical Ingredients (APIs), Generic APIs, Machinery & Process, Packaging Materials, and Finished Dosage Forms (FDF). It's open to a wide array of professionals in the pharmaceutical and medical laboratory sectors, encompassing manufacturers, distributors, suppliers, consultants, researchers, and regulators.
  • June 2024: Sonoco Products Company announced its agreement to acquire Eviosys, a Europe manufacturer of food cans, ends, and closures, from KPS Capital Partners, LP, at around USD 3.9 billion.
  • May 2024: Mondi, a prominent global entity in sustainable packaging and paper, marked a significant milestone in Duino, Italy, by laying the foundation for its EUR 200 million (USD 216.45 million) investment in the mill, which Mondi acquired in January 2023. The facility's existing paper machine is transforming into a recycled containerboard machine.
  • April 2024: The United Kingdom has initiated the Circularity in Primary Pharmaceutical Packaging Accelerator (CiPPPA) to spearhead the development and execution of strategies aimed at enhancing the recycling of medicinal devices and pharmaceutical packaging at their end-use. CiPPPA is a non-profit, collaborative effort that unites stakeholders spanning the pharmaceutical supply chain.
  • April 2024: Berry Global Group Inc., a key player in designing, developing, and producing healthcare solutions, increased its production capacity by investing in new assets and manufacturing capabilities. This move is set to amplify production by a significant 30% at three of its European facilities.
  • August 2024 - Mauser Packaging Solutions, one of the global leaders in industrial packaging and lifecycle solutions, has acquired a Pinetown-based business in Kwa-Zulu Natal, South Africa. This business specializes in manufacturing, selling, and supplying plastic drums, including significant rigid plastic variants. 
  • May 2024 - PT. SCHÜTZ Container Systems Indonesia inaugurated a new extrusion blow molding line at its Karawang facility. The company produces its PE bung barrel, the F1 220 litres, utilizing a sophisticated multi-layer process. This addition seamlessly integrates with Schütz'sestablished IBC product lineup. 
  • January 2024 - The Fedrigoni group, a speciality paper manufacturer for luxury packaging and other creative applications, self-adhesive labels and materials, and RFID and connectivity solutions acquired Arjowiggins China. The paper factory in Quzhou manufactures transparent papers sold under the Gateway and Sylvicta brands for applications such as industrial design and graphics for food, consumer electronics, or luxury packaging located in the Zhejiang Province.
  • December 2023 - The State Bank of India invested in the paper packaging industry by injecting INR 49.99 crore (USD 6.04 million) into Canpac Trends Private Limited, a company based in Ahmedabad specialising in paper-based packaging solutions. SBI invested in Canpac Trends with a view to capital appreciation, highlighting the growth and profitability potential of the paper packaging industry.
  • August 2024: Nestlé Nigeria has introduced its iconic breakfast cereal, Golden Morn, now featuring sustainable packaging. This initiative aligns with Nestlé's global recycling vision. The new packaging highlights Nestlé's commitment to ensuring that over 95% of its plastic packaging is recyclable by 2025. Additionally, the packaging incorporates eco-friendly materials, further emphasizing Nestlé's dedication to sustainability.
  • April 2024: Pharmaconex West Africa is set to debut in Nigeria. The event will spotlight Active Pharmaceutical Ingredients (APIs), Generic APIs, Machinery & Process, Packaging Materials, and Finished Dosage Forms (FDF). It's open to a wide array of professionals in the pharmaceutical and medical laboratory sectors, encompassing manufacturers, distributors, suppliers, consultants, researchers, and regulators.
  • January 2024: Recircle Brands, a visionary company in the eco-friendly products sector, announced the launch of Bagups, a groundbreaking trash bag dispensing system. Its unique design ensures that a new bag is always ready for use, eliminating the inconvenience of traditional trash bag replacement. The product's environmental impact is significantly reduced by using biodegradable materials, minimizing plastic waste, and reducing the overall carbon footprint.
  • January 2024 - Agfa and EFI proudly announced that they entered a global strategic partnership to leverage each other's cutting-edge technologies. The collaboration between two industry leaders marked a significant milestone in the wide-format inkjet printing arena. Within the partnership framework, Agfa will integrate EFI's roll-to-roll system into its offerings, while EFI will incorporate Agfa's high-end hybrid inkjet printers into its suite of solutions.
  • October 2023 - Kodi Collective revealed that it had added LSC Print Solutions' long-run offset print facility in Maple Grove, MN, to its array of print services. This move expands Kodi Collective's offerings to include long-run offset print, complementing its short- and medium-run offset print, digital print, marketing procurement, and creative production services.
  • July 2024: Black Swan Graphene Inc. announced a significant advancement in sustainable packaging with the introduction of its latest product, the Graphene Enhanced Masterbatch (GEM) S27M. This new offering, the fifth in the GraphCore-01 product line, is set to transform the industry by delivering superior mechanical properties and reinforcing sustainability initiatives.
  • July 2024: The 2M Group of Companies expanded its portfolio by launching a new business division, 'Sustainable Packaging Technologies.' This strategic initiative underscores the company's commitment to advancing biomaterial technologies and meeting the rising market demand for eco-friendly packaging solutions.
  • July 2024: SIG, a prominent provider of food and beverage packaging solutions, launched an innovative recycle-ready bag-in-box packaging for water in Australia. This new packaging utilizes a mono-polymer composition, eliminating the need for aluminum in the bag's structure.
  • June 2024: Georgia-Pacific, a prominent consumer product manufacturer, unveiled the reimagined ARIA brand. The centerpiece of this relaunch is 100% recycled, three-ply bath tissue, which aligns with the increasing consumer demand for sustainability while ensuring high standards of quality and softness.
  • April 2024: Georgia-Pacific announced a USD 150 million investment to upgrade a paper machine at its Wauna, Oregon mill. This initiative will convert a 1965-era machine into a state-of-the-art facility dedicated to producing paper for Angel Soft and select private-label bath tissue brands. This strategic modernization effort enhances the mill's and the company's competitive position in the market.
  • June 2024: Sonoco Products Company announced its agreement to acquire Eviosys, a Europe manufacturer of food cans, ends, and closures, from KPS Capital Partners, LP, at around USD 3.9 billion.
  • May 2024: Mondi, a prominent global entity in sustainable packaging and paper, marked a significant milestone in Duino, Italy, by laying the foundation for its EUR 200 million (USD 216.45 million) investment in the mill, which Mondi acquired in January 2023. The facility's existing paper machine is transforming into a recycled containerboard machine.
  • April 2024: The United Kingdom has initiated the Circularity in Primary Pharmaceutical Packaging Accelerator (CiPPPA) to spearhead the development and execution of strategies aimed at enhancing the recycling of medicinal devices and pharmaceutical packaging at their end-use. CiPPPA is a non-profit, collaborative effort that unites stakeholders spanning the pharmaceutical supply chain.
  • April 2024: Berry Global Group Inc., a key player in designing, developing, and producing healthcare solutions, increased its production capacity by investing in new assets and manufacturing capabilities. This move is set to amplify production by a significant 30% at three of its European facilities.

Packaging Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)