US Packaging News

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

US Packaging News

  • June 2022 - American Packaging Corporation (APC) announced that it would open a new 275,000-square-foot Center of Excellence manufacturing facility in Cedar City, Utah.
  • May 2022 - Berry Global Group and Taco Bell announced partnering toward a more circular approach to sustainable packaging with the launch of a new clear, all-plastic cup containing mechanically recycled post-consumer resin (PCR). The recycled HDPE used in the new cup contains food-grade content from products such as recycled milk jugs. The move represents progress by both organizations in meeting their publicly stated sustainability commitments.
  • April 2022 - Sealed Air announced the introduction of prismiq - a digital packaging brand with a portfolio of solutions for design services, digital printing, and smart packaging. This system is first of its kind, capable of wide web, high speed, full-color (including metallics and invisible ink), and double-sided digital printing capabilities on flexible and shrinkable materials.
  • April 2022 - Sealed Air, ExxonMobil, and Ahold Delhaize USA announced their collaboration on an advanced recycling initiative, the first of its kind in the U.S. The project recycles flexible plastics from the food supply chain and remakes them into new, certified circular food-grade packaging.
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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.
  • April 2024: Flora, a food spread company, launched the world's first plastic-free paper tub in the United Kingdom. This innovative packaging allows shoppers to purchase Flora Plant products in recyclable tubs at Sainsbury's stores across the country. This represents a significant step toward Flora's goal of reducing plastic in its portfolio by 80% by 2030, and it is expected to drive the demand for sustainable packaging practices in the United Kingdom, creating a growth opportunity for the market.
  • November 2023: Nestlé has pledged to provide a USD 8.78 million loan to Impact Recycling, a Newcastle-based company, to support their innovative process for recycling flexible packaging like candy wrappers and snack bags. Impact Recycling plans to use the loan to establish a new facility in Durham to process hard-to-recycle flexible plastics from food packaging into pellets that can be used to create new flexible products. This investment demonstrates the growing demand for sustainable packaging solutions and is expected to contribute to overall market growth.
  • 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.
  • July 2024 - Gerresheimer announced the acquisition of Bormioli Pharma for EUR 800 (USD 893.57 million) million. Bormioli Pharma produces primary packaging made of glass and plastic and dispensing systems for the pharmaceutical industry
  • June 2024 - SCHOTT Hungary Kft. inaugurated production for pharmaceutical packaging products in Lukácsháza, Hungary. The facility will manufacture prefillable sterile glass syringes, doubling SCHOTT Pharma's production capacity for these products.
  • March 2024 - Schott Pharma announced plans to build a new production site for syringes in Wilson, North Carolina, USA. The facility will produce prefillable polymer syringes for mRNA drugs and prefillable glass syringes for treatments such as diabetes or obesity."
  • April 2024: Refresco, a prominent global provider of beverage solutions for major brands and retailers, finalized its acquisition of VBC Bottling Company, a premium beverage contract manufacturer based in the United States.
  • January 2024: Novelis inked a fresh deal with Ardagh Metal Packaging USA. The agreement entails Novelis supplying aluminum beverage packaging sheets to Ardagh's North American metal production sites. Notably, this marks Novelis's third significant contract in under seven months, solidifying its presence in North America's beverage packaging sector.
  • 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.
  • July 2024: TerraCycle, a recycling company based in New Jersey, unveiled its Zero Waste Bags, aimed at enhancing recycling accessibility for Americans. Collaborating with over 20 collection service providers in 12 states, TerraCycle's Zero Waste Bags provide a doorstep solution for hard-to-recycle waste.
  • July 2024: The National Environment Management Authority (NEMA) mandated an immediate shift to biodegradable garbage bags for collecting organic waste. This move underscores its commitment to promoting eco-friendly management of organic waste in the United States.
  • 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.

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