- Regulations and consumer demand are accelerating the shift to recyclable and compostable fiber packaging.
- Manufacturers are adopting advanced software, IoT, and cloud systems to optimize production and reduce waste.
- New solutions include molded fiber formats, recyclable coatings, direct food contact inks, and high-performance renewable boards.
Industry moves to fiber-based solutions as recyclability and consumer demands rise
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California seems poised to join the list of states that no longer allow grocery stores to offer the option of plastic bags at the checkout. On Aug. 29, lawmakers in both branches of California state government approved two companion bills that would eliminate all plastic bags from the point of sale. The legislation is focused on checkout bags as opposed to bags used to hold produce or wrap food that could cause contamination. Customers would be encouraged to bring their own bags or purchase recycled paper bags at checkout for a nominal fee.
Fiscal Third Quarter 2024 Financial Highlights: *Net income decreased 3.5% to $87.1 million *Net cash provided by operating activities decreased by $125.5 million to $76.8 million. *Total debt of $2,909.5 million increased by $738.0 million. “We are proud to present another solid quarter of performance for Greif,” stated Ole Rosgaard, President and CEO, “While global markets remain uncertain, our diligence in maintaining close contact with our customers has resulted in positive volume momentum in all regions. We are also making strides internally. We are nearing completion of the previously announced internal re-alignment of operating and commercial functions and plan to discuss the benefits of that transition in greater detail at our upcoming Investor Day on December 11”.
In the category of “Why Didn’t They Think of This Sooner,” the Heinz Dipper fry box for foodservice has restored my faith in packaging design as a bringer of delight.
The new foodservice fry container uses a flap that pulls out to create a small storage area for ketchup, Heinz Ketchup if you please, or other condiment. Starting January 13, the Heinz Dipper is currently in trial in 11 countries, including six US cities, at participating restaurants and sports stadiums. According to the Heinz press release, the trial will run while supplies last.