- In August 2024, Amcor Plc announced its agreement to acquire Phoenix Flexibles, a move that will significantly enhance its packaging capacity in the Indian market. The acquisition aims to bolster Amcor’s production and distribution network in India, helping the company meet growing demand for packaging solutions in various industries. This strategic acquisition strengthens Amcor’s position in the rapidly expanding Indian packaging sector
- In April 2024, LyondellBasell and Zhengxin Packaging joined forces to advance sustainable heat shrink film technology, focusing on incorporating up to 60% recycled content. This collaboration aims to reduce environmental impact by producing high-quality shrink films with a sustainable edge. The initiative demonstrates the companies’ commitment to environmentally friendly packaging solutions, promoting circular economy practices in the packaging industry while maintaining performance standards
- In March 2024, ExxonMobil Asia Pacific Research & Development Co., Ltd (ExxonMobil) and Shantou Mingca Packaging Co Ltd introduced the next-generation Polyethylene-based Shrink Film (PEF), an advanced solution for packaging various products. This new film offers superior shrinkage properties and durability for applications in household goods, electronics, food, personal care items, and more. The PEF film continues the evolution of Polyolefin Shrink Films (POF), focusing on product protection and packaging efficiency
- In February 2024, Intertape Polymer Group launched ExlfilmPlus PCR, a polyolefin shrink film incorporating 35% recycled content to promote sustainable packaging. This innovation supports eco-friendly packaging solutions by using post-consumer recycled materials, enhancing the product's environmental credentials. The ExlfilmPlus PCR is designed for high-performance shrink wrapping, meeting the growing demand for sustainable packaging solutions across various sectors while maintaining quality and durability
- In February 2024, Innovia Films introduced a floatable white polyolefin shrink film designed specifically for light-sensitive products. This new product emphasizes sustainability by being fully recyclable and focuses on environmental responsibility in packaging solutions. The floatable shrink film provides enhanced protection for light-sensitive goods, making it ideal for pharmaceuticals, cosmetics, and other sensitive items. The launch reflects Innovia's dedication to creating innovative, eco-friendly packaging solutions
- In April 2022, Amcor, a global leader in packaging solutions, announced a strategic investment to expand its medical packaging capabilities across Europe. The investment aims to enhance Amcor’s offerings in the growing sector of sterile medical packaging, addressing the rising demand for safety and hygiene in the healthcare industry. This expansion strengthens Amcor’s leadership in medical packaging, ensuring the company meets evolving regulatory requirements and customer needs in Europe
