Nestlé will invest up to CHF 2bn to create a wider market for food-grade recycled plastics and will reduce its use of virgin plastics by one third as part of efforts to make 100% of its packaging recyclable or reusable by 2025.
More than 156 million Santas were wrapped in aluminium foil packaging across Europe last year, while, in Germany, more than 151 million versions of the jolly white-bearded man were sold – an increase of 4% from the year before.
Smaller packaging for chocolates is gaining traction in India on the back of rising consumer awareness of portion control and health and wellness in the country, and F&B manufacturers have been urged to take advantage of this growing trend.
Single-use foodservice packaging is increasingly being defined by the sustainability agenda, creating opportunities for innovative materials and formats that can match the performance of existing pack designs with a lower carbon footprint.
‘There is a trend for plastic packaging acquisitions despite all the bad rap for plastic, and that’s despite companies such as DS Smith turning towards Amazon,’ claims Nick Mockett, head of packaging M&A, Moorgate Capital.