The Latest
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Tracking packaging mergers and acquisitions in 2024
Massachusetts-based Seaman Paper is growing its presence in Germany, while Veritiv is building out a foothold in New York.
Updated Dec. 18, 2024 -
What’s next now that Oregon has adopted final EPR for packaging rules
Finalized rules include new permitting and living wage requirements for MRFs, as well as new fees the PRO will be expected to pay certain recyclers.
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Amazon boosts recycled content, reduces inks for device packaging
In addition to the sustainability measures for Kindle, Echo and Fire TV products, the company added a tactile feature to aid consumers with visual impairments.
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2025 containerboard outlook: Price increases, index exits and tariff threats
Trends such as price hikes are expected to carry over into the new year, along with the addition of new hot topics like tariffs, say analysts from RaboResearch and Bloomberg Intelligence.
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EU packaging regs advance
EU packaging regulation clears final legislative hurdle
The European Council adopted the Packaging and Packaging Waste Regulation. It’s expected to apply 18 months after it’s officially published.
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Deep Dive
The packaging workforce grew for a decade. Labor shortages and COVID-19 changed that.
The top 12 publicly traded U.S. packaging manufacturers by revenue collectively have more employees than they did a decade ago. Mergers and acquisitions heavily influenced the numbers, but that’s not the only factor.
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Paris Olympics cut single-use plastic bottles by 70% versus 2012
Event organizers said their installation and promotion of free drinking fountains paid off. Oceana celebrated and critiqued the efforts, saying future Games’ reuse systems should not feature single-use plastic at all.
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SBTi approves Billerud’s updated emissions reduction targets
The Swedish pulp and paper manufacturer expects most future emissions reductions to come from its North American operations.
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Bottle collection, PCR rate reach highs in down year for PET sales: report
Some 1.96 billion pounds of bottles were collected in the U.S. in 2023, according to NAPCOR. Meanwhile, the “premium for rPET has once again reached significant margins.”
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Packaging M&A appears to be ramping up again with range of deals
Following megadeals like Amcor’s move to acquire Berry Global and Novolex’s play for Pactiv Evergreen, as well as other activity, sources see packaging M&A ticking up again after a lower-volume period for deals.
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Greif details cost reduction strategy, value in business unit restructuring
Executives made good on their promise to provide details about the $100 million cost-reduction plan announced on last week’s earnings call. Plus, they further explained the decision to invest more in the plastics sector.
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Maryland late on EPR recommendations, continuing work into 2025
The state is working to implement a 2023 law that calls for a recycling needs assessment. The advisory council says it needs that information to craft recommendations for packaging EPR legislation.
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Veritiv completes acquisition of Orora Packaging Solutions
The transaction is meant to enhance private equity-backed Veritiv’s specialty packaging distribution capabilities, while Orora and its thousands of employees will transition to a dedicated beverage packaging business.
Updated Dec. 12, 2024 -
EPA recommends BPI, GreenScreen, other ecolabels in food service ware procurement
The agency finalized additions to its recommendations this month, including ones related to reusable, certified commercially compostable, and certified recyclable options.
Updated Dec. 11, 2024 -
Q&A
Flexible Packaging Association’s new CEO talks flexibles growth, recyclability, tariffs
Dan Felton detailed misunderstandings about flexibles that he hopes to dispel. He also discussed risks and opportunities that FPA members face as extended producer responsibility for packaging laws emerge.
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Aluminum can recycling in US at lowest point in decades: report
A 2030 target to achieve a 70% aluminum beverage can recycling rate is unachievable based on the current state of U.S. recycling systems and policies, the Can Manufacturers Institute and Aluminum Association reported.
Updated Dec. 11, 2024 -
Maine adopts final rules for packaging EPR law
The finalized rules come after months of public comments and stakeholder meetings. Certain stakeholders voiced concerns over costs, and some waste groups questioned a disposal reimbursement provision.
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Novolex to acquire Pactiv Evergreen in $6.7B deal
The North American companies expect to finalize the all-cash deal in 2025, which would take Pactiv Evergreen private.
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Greif leans into polymers following business segment shuffle
After creating four material-based business segments, Greif’s executives signaled the polymers space holds the greatest growth potential. Executives also announced a $100 million cost-cutting plan.
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Massachusetts governor signs law to form EPR commission for packaging
A special commission, led by the state’s Department of Environmental Protection, will report back to the legislature by early 2026. It marks incremental progress in a state known for legislative inaction on waste issues.
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California PRO names former CalRecycle director as state lead
Rachel Wagoner, former director of CalRecycle, will become CAA’s executive director for the state, where she will help oversee the rollout of an EPR for packaging law.
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Dow names new packaging segment president
Keith Cleason immediately takes over the packaging and specialty plastics unit, following Karen Carter’s promotion to chief operating officer.
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Trump’s FDA poised to make mark on food packaging regulation
Crackdowns on food additives and changes to agency operations could be expected based on signals from the picks for HHS, observers suggested. In addition to chemical concerns, there are food labeling issues in play.
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Sonoco completes $3.8B acquisition of Eviosys
The Switzerland-based metal packaging business will transition to Sonoco’s branding in the coming months, bringing its 6,300 employees and 44 facilities.
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Billerud to invest $127M in Michigan plants amid transition to paperboard production
Most of the upgrades will occur at a graphic paper mill in Escanaba, as Billerud strives to transition to paperboard production in North America.