The Latest
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Photo illustration: Shaun Lucas/Industry Dive; Getty Images
Tracking packaging mergers and acquisitions in 2024
CCL Industries acquired the remaining stake in a Middle East joint venture, and SupremeX made a deal to bolster its U.S. envelopes network.
Updated May 14, 2024 -
Permission granted by Ino
Ino worms its way into compostable packaging with silk cocoon product
Silkworm cocoons serve as a protective layer in the home-compostable packaging. Ino is working to scale up production and gain more customers.
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Mikola249 via Getty Images
Upcoming round of linerboard price increases marks fiber companies’ second attempt in 2024
Companies including Cascades, Georgia-Pacific, Pratt Industries and WestRock plan to join International Paper in raising linerboard prices in June, following a lack of recognition for earlier increases, analysts say.
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Courtesy of Tetra Pak
Tetra Pak makes US push to shift more canned foods to cartons
With a new trial facility in Georgia, the company is looking to spur a transition from cans to cartons for products like beans and pet food and support more testing for prepared foods.
Updated May 13, 2024 -
Permission granted by Berry Global
Berry completes multiple divestitures with ‘line of sight to much more’
Divestitures within the next year could net at least $2 billion in cash proceeds, said Berry Global CEO Kevin Kwilinski, who is upping the company’s focus on consumer packaging.
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Courtesy of BlueTriton Brands
BlueTriton launches premium water bottles as aluminum packaging’s role grows in market
Aluminum bottle offerings could tap a wider range of consumer values, researchers and consultants say. The addition expands the portfolio for Pure Life, Deer Park, Poland Spring, Arrowhead and Ice Mountain waters.
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Retrieved from U.S. Chemical Safety Board.
PCA to appeal $91.8M payout verdict for Louisiana plant explosion
Packaging Corporation of America believes its insurance will cover the cost of damages in the latest lawsuit over a deadly 2017 explosion at a pulp mill in DeRidder, Louisiana.
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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?
WestRock recently lost some ground in its effort to make all of its products recyclable, compostable or reusable by fiscal year 2025.
Updated May 8, 2024 -
Bet_Noire via Getty Images
As 40+ mills accept paper cups, advocates turn to boosting residential recycling acceptance
Only 11% of U.S. communities accept paper cups in residential recycling programs. Mills play a “pivotal role” in advancing acceptance, according to the NextGen Consortium and Foodservice Packaging Institute.
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sematadesign via Getty Images
EPR laws’ labeling implications create more questions for CPGs
Leaders from the Consumer Brands Association and The Recycling Partnership recently discussed how packaging EPR laws are further complicating how brands can mark packaging, including for recycling.
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Katie Pyzyk/Packaging Dive
Plastic tube recyclability has ramped up rapidly, but not without some tumult
Research suggests more than 75% of HDPE squeeze tubes in the U.S. are compatible with valuable recycling streams. “I don’t want to underemphasize how big of a change in packaging format this is,” said APR’s technical director.
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Courtesy of Suzano
Brazilian paper company pursuing $15B offer for International Paper: Reuters
The report of Suzano’s verbal proposal comes weeks after International Paper’s agreement to buy DS Smith. Both sides could have an interest in combining fluff pulp supply, according to one analyst.
Updated May 7, 2024 -
w-ings via Getty Images
Strike at Silgan Containers food can plant is ongoing, USW says
Around 100 workers at an Edison, New Jersey, facility are involved. Some of the biggest areas of contention relate to the contract's cost-sharing for health insurance and overtime provisions, according to United Steelworkers.
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Courtesy of Colgate-Palmolive
Colgate says it might miss 2025 packaging recyclability target
Flexible bags and pouches are the key sticking points. In a sustainability report, Colgate-Palmolive also shared updates on transitioning its entire toothpaste portfolio to recyclable tubes, which became the subject of a lawsuit last year.
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Courtesy of Dionis Goat Milk Skincare
Packaging innovations: Bandit Wines cartons offer augmented reality, Huggies ups PCR in diaper bags
Plus, Dionis Goat Milk Skincare lotion now comes in refill pouches and American Packaging Corp. tackles pet food pouch recyclability.
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Courtesy of Sonoco
Sonoco says higher snack, food prices hurt packaging sales volumes
Executives expect slower consumer spending, even when brands and retailers run promotions, to stretch into the second quarter and dampen sales.
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SafakOguz via Getty Images
International Paper to raise fiber product prices again, others likely to follow, analysts say
A fresh wave of increases, reportedly occurring in June, could further rile markets following a monthslong controversy over price acceptance.
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Romeo Gacad via Getty Images
Packaging manufacturers discuss Q1 trends
Catch up on the latest earnings commentary from Berry, Sonoco, O-I, Graphic Packaging, Amcor, Crown, PCA, International Paper and Ball.
Updated May 10, 2024 -
Courtesy of O-I
O-I blames destocking as down quarter gives way to lower 2024 projections
O-I Glass muted sales volume estimates amid consumer weakness, and it expects customers’ excess capacity may temper typical seasonal demand. But April showed improvements over recent quarters, executives said.
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Permission granted by Graphic Packaging International
Graphic Packaging sees volumes improve, finalizes Georgia mill sale
Executives on Tuesday’s earnings call emphasized progress with “innovation” sales, including for the Boardio rigid fiber canisters, Nissin Cup Noodles fiber cups and Chick-fil-A fiber cold beverage cups.
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Permission granted by Amcor
Destocking abates, but healthcare market still a sticking point, Amcor says
Interim CEO Peter Konieczny also weighed in on packaging regulations advancing in the EU and the potential extension of some companies’ sustainability targets during a Tuesday earnings call.
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Permission granted by JBM Packaging
Deep DiveSecond chance hiring can bridge labor gaps, break employment barriers
Although some companies say they initially hire formerly incarcerated individuals to overcome a labor shortage, these programs can lead to less employee churn, lower recidivism and life-changing impact, advocates say.
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Retrieved from Facebook on April 29, 2024
Alternative Packaging Alliance aims to reshape the narrative around wine formats
The group, launched by seven brands that offer high-end products in boxes and alternative formats, aims to educate consumers and retailers about the carbon footprint of glass bottles.
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LordRunar via Getty Images
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.
