Smithers forecasts global packaging market to reach $1.05 trillion in 2024

Smithers latest market report, ‘The Future of Global Packaging to 2024’ forecasts the global packaging market value will increase from $917 billion in 2019 to $1.05 trillion by 2024, with a compound annual growth rate (CAGR) of 2.8%. Asia is the largest market of world packaging consumption, followed by North America

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Loop Industries announces signature of multi-year supply agreement with L’Oréal

Loop Industries, Inc. announced that they have entered into a multi-year offtake agreement with beauty industry brand L’Oréal to supply them with PET resin made of 100% recycled materials for their packaging needs. This resin is to be supplied from Loop Industries’ joint venture facility in Spartanburg, South Carolina, USA with

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Pact Group to launch the first yoghurt bottle in New Zealand incorporating rPET

Pact Group work with The Collective to launch the first yoghurt bottle in New Zealand that incorporates recycled plastic (rPET) in its packaging. As part of The Collective’s sustainability journey to reduce their environmental impact, their kefir probiotic yoghurt is the first of its products to hit the shelves with recycled

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