Consumers want to purchase products that are healthy and taste good with the added advantage of being eco-friendly — from the ingredients to the packaging. More and more Grocery Shoppers are being more thoughtful about the products they buy and the type of packaging these products come in. The insights below identify some actions consumers are taking to lead a more sustainable lifestyle.
see the infographic at: http://evergreenpackaging.com/wp-content/uploads/EP-SmartBrief-Ad-3_FINAL9.19.17.pdf
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Smurfit Kappa has completed significant investments in its manufacturing plants in Olomouc in the Czech Republic and Obaly Štúrovo in Slovakia respectively. The investments of more than €20 million announced last year further highlight Smurfit Kappa’s expansion and commitment to investing in its Central and Eastern European operations. The two plants received significant upgrades, installing state-of-the-art equipment to expand capacity and address the rise in customer demand for paper-based packaging solutions. The investment sees the installation of new converting equipment which will increase the capacity by over 100 million regular and offset printed boxes per annum.
Paragon Films, Inc., a leading stretch film manufacturer in North America, has filed a patent infringement lawsuit against Berry Global, Inc. in the U.S. Federal District Court for the Western District of Tennessee. The lawsuit alleges that Berry’s Fortitude products directly infringe four U.S. patents protecting Paragon Films’ Torque hand film products. The lawsuit seeks to recover damages as well as an injunction to prevent Berry from continued acts of infringement. “Innovation is one of Paragon Films’ core values,” said CEO Darin Tang. “Commitment to industry-leading performance, quality, and value to our customers drives our team. We must and will protect our intellectual property rights in the marketplace.”
For the full year, revenue (continuing operations) declined 2 per cent on a constant currency basis. There was a positive contribution from European corrugated box volumes (£22 million) and an incremental c. nine month contribution from Europac (which was acquired in mid January 2019) of £376 million, offset in Europe by reduced pricing of external paper, recyclate and box prices (together down £285 million year on year), and a decline in other volumes particularly due to increased paper and recyclate integration and reduced volumes of corrugated sheet (down £175 million). The reduced sales price across the European operations was driven principally by a fall in testliner and kraftliner pricing, which partly fed through into corrugated packaging pricing progressively through the year as indexed contracts adjusted for the market price of paper, the main input cost. The North America business also recorded a fall in revenue (down £63 million), principally reflecting lower paper prices into the export market. Operating profit improved 6 per cent (constant currency) to £455 million (2018/19: £427 million).