The briefing on the latest packaging developments
The news and data you need to know about the industry
News and numbers
$77bn
Smithers’ latest market report forecasts that the value of the global retail-ready packaging market will increase to over $77bn by 2024, with a CAGR of 5.2%.
New chief executive appointed at Mondi
Packaging manufacturing giant Mondi has appointed Andrew King as its new group chief executive. King was previously group chief financial officer at Mondi and takes on the role from 1 April.
-14.3%
North America’s packaging industry saw a drop of 14.3% in overall deal activity during Q4 2019, when compared to the four-quarter average, according to GlobalData’s deals database.
Aptar signs agreement to buy FusionPKG
Global dispensing, drug delivery and active packaging solutions company Aptar has acquired Fusion Packaging (FusionPKG). The financial details of the transaction have not been disclosed.
$1.25bn
Total packaging industry deals for January 2020 worth $1.25bn were announced globally, according to GlobalData’s deals database.
$2.71bn
Total packaging industry M&A deals in Q4 2019 worth $2.71bn were announced globally, according to GlobalData’s deals database.
$861m
Ball Corporation has reported on its 2019 net earnings, which were $861m compared to $775m in 2018.
FURTHER READING
Sustainable packaging trends: how Millennials will change packaging forever
Millennials are putting a significantly higher priority on sustainability than have the generations before them and will reward brands and businesses that understand how to align packaging with their eco-focused needs, according to a recent report based on results from the 2019 EcoFocus Trend Survey.
Source: Evergreen Packaging
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