The Latest
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Photo illustration: Shaun Lucas/Industry Dive; Getty Images
Tracking packaging mergers and acquisitions in 2024
See newly announced or finalized deals involving Twin Rivers Paper, Dow, Graphic Packaging, Clearwater Paper, TricorBraun, Sunshine Enclosures, Imperial Dade and more.
Updated 33 minutes ago -
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Crown projects up to 5% volume growth in North America this year
CEO Tim Donahue said that after notable destocking in the fourth quarter, business is bouncing back in Europe this year, where one of two new plants recently got up and running.
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Permission granted by Ball Corporation
Ball navigates shifting beverage markets after aerospace sale, Bud Light boycott
Volumes and mix for Ball are shifting as the beer market resets. In the can maker’s first earnings call since completing the sale of its aerospace business, executives detailed plans for significant stock buybacks in 2024.
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Courtesy of International Paper/Cision
Fire and ice cool International Paper’s Q1 earnings
January and February incidents resulted in notable charges. CEO Mark Sutton, during his last earnings call before retirement, discussed volume trends but didn’t comment on the announced DS Smith acquisition.
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Christopher Furlong via Getty Images
Unilever reality-checked its 2025 plastic packaging targets. Will more companies do the same?
Brands and packaging makers have more knowledge and resources today than when they coalesced around common sustainability targets. Emerging regulations will also reshape goal-setting, industry observers say.
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Courtesy of Champagne Telmont
Packaging innovations: Telmont goes ‘193,000 shades of green,’ DavidsTea’s pouch breakdown
Plus, substrate substitutions and other packaging launches from Graphic Packaging International, Rudholm Group, Ranpak and Orlandi.
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Rost-9D via Getty Images
Fiber markets move toward recovery from pandemic-era imbalances
Paper packaging and board demand is pulling up from a 3% dip last year, according to analysts from Fastmarkets RISI, Bank of America Global Research and Truist Securities. But pricing controversy remains.
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Buissin, Philippe. (2024). Retrieved from European Parliament Multimedia Centre.
// EU packaging regs advanceEU Parliament votes in favor of PPWR
A vote Wednesday advances approval of the sweeping packaging rules, but finalization isn’t expected until after a new Parliament is elected later this year.
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Photo illustration by Shaun Lucas/Packaging Dive; photograph by Vudhikul Ocharoen via Getty Images
TrackerPackaging manufacturers set big sustainability goals. How are they doing?
Sonoco shared the latest 2023 data toward its 2030 goal to cut scope 1 and 2 emissions.
Updated April 26, 2024 -
Permission granted by O-I Glass
O-I to supply returnable wine bottles
O-I Packaging Solutions is partnering with Oregon-based startup Revino to circulate refillable glass bottles designed for up to 50 uses.
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samritk via Getty Images
PCA’s corrugated product shipments rise as demand rebounds
Demand in Q1 exceeded Packaging Corp. of America's expectations, said CEO Mark Kowlzan. Executives again expressed frustration with the impact of Fastmarkets RISI’s pricing index and noted the search for alternative methods.
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rarrarorro via Getty Images
Colorado legislature greenlights ‘medium’ scenario for EPR implementation
A revised needs assessment showed that the producer-funded program cost could range between $190 million and $310 million come 2035. The recycling rate could reach 58% by that year, an estimate shows.
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Permission granted by DS Smith
Acquisition of DS SmithInternational Paper-DS Smith deal faces few barriers following Mondi’s exit, analysts say
The companies don’t expect regulator pushback thanks to their complementary geographies. Although IP outlined efforts to prevent disruption to existing employees, 400 layoffs could result from the deal.
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Courtesy of Mondi Group Plc
Acquisition of DS SmithMondi ends bid for DS Smith following International Paper deal
Mondi’s announcement comes days after the boards of International Paper and DS Smith recommended that those two companies combine and days before a deadline to submit a potential counteroffer.
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wragg via Getty Images
CMI weighs in on Biden’s call for tariff increases
Trade with China is a key issue ahead of the 2024 presidential election. The Can Manufacturers Institute says the Biden administration should take greater action to mitigate impacts from steel and aluminum imported goods.
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Justin Sullivan via Getty Images
General Mills’ packaging recyclability inches up, food-grade PCR use poses a challenge
The company reported incremental progress on making all of its packaging recyclable or reusable by 2030. It also said that packaging constitutes 8% of its value chain’s GHG emissions.
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Courtesy of Nestle
Nestlé to use recyclable, light-blocking shrink sleeves on some beverage products
The company is hoping the crystallized PET sleeves will play a role in bottle-to-bottle circularity for Nesquik and Coffee mate products, among others.
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SolStock via Getty Images
What brands and retailers are saying about sustainable packaging in 2024
General Mills, Ikea, Walgreens, Starbucks, Hain Celestial and Del Monte are some of the retailers and brands that have shared updates on packaging changes, new targets and annual progress in sustainability reports during 2024.
Updated April 22, 2024 -
OperationShooting via Getty Images
REMADE conference explores the future of the circular economy
The conference, featuring keynote speaker Ellen MacArthur, aimed to translate scientific research into tangible circular economy solutions for the researchers, government officials and private companies in attendance.
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Permission granted by Recology
Compostables break down in real-world conditions, but more work needed: report
The Composting Consortium, which is managed by the Center for the Circular Economy at Closed Loop Partners, calls this study the largest known North American field test of certified compostable packaging.
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Courtesy of John Paul Mitchell Systems
Packaging innovations: John Paul Mitchell’s revamped hair care line, Essentia’s paper mattress wrap
Plus, Labelmaster, Firstleaf and ForeFront Supply Chain Solutions introduce a safer shipping product, lighter bottles and food packaging with PCR, respectively.
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Rost-9D via Getty Images
Acquisition of DS Smith
International Paper announces all-share agreement to acquire DS Smith, valued at $7.2B
The deal bests a preliminary purchase proposal from rival Mondi. It comes one week before a deadline to submit formal offers for acquiring the London-based paper packaging company.
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Permission granted by Clemson University
Q&ADesign and sustainability opportunities draw in next generation of packaging students
Greg Batt, who serves as director of the packaging science program at Clemson University, also highlighted the growing role of data.
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NeonJellyfish via Getty Images
Illinois Senate approves bill targeting single-use plastic at hotels
Similar legislation requiring hotels to eliminate small plastic toiletry bottles has passed in Washington, California and New York.
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Permission granted by Myplas
Eviction threat looms as film recycler Myplas accrues $1.3M in unpaid bills
Unexpected financial challenges occurred shortly after the company launched its highly anticipated Minnesota polyethylene film recycling operation in December, according to Peter Shippen, Myplas board chair.
Updated April 15, 2024
