Crown Holdings, Inc. Reports Fourth Quarter and Full Year 2024 Results

Announced in 2018, Sonoco’s commitments for sustainable use and increased recyclability of packaging by 2025 include: *Sonoco will increase the equivalent by weight, the amount it recycles, or causes to be recycled, from 65 percent to 85 percent, relative to the volume of packaging it places into to the global marketplace. In 2019, the Company recycled or caused to be recycled 83 percent of the products it placed in the marketplace. *Sonoco is committed to increasing the use of post-consumer recycled resins in its plastic packaging from 18 percent to 25 percent. Sonoco utilized 21 percent recycled content in its plastic supply chain in 2019, including 18 percent post-consumer content. *Sonoco will ensure that approximately 75 percent of its rigid plastic packaging can carry the relevant on-package recyclable claim.

Sealed Air Corporation announced that it is implementing a price increase on products in its North American Product Care business. The increases will be effective April 1, 2018. The price adjustments are necessary because of increases in raw materials, freight, and other input costs. A seven (7) percent price increase will be applied to the following products: Bubble Wrap® IB Film, Bubble Wrap® Brand Air Cellular Products, Cell-Aire® Packaging Foam and Laminate Products, Fill-Air® Inflatables Film, FloWrap™ Film, Jiffy® TuffGard® Mailers, Jiffy® ShurTuff ® Mailers, NewAir I.B.® Film, PriorityWrap® Bubble, Shrink Film Products and Materials, Specialty Foams Products and Materials, TempShield™ Reflective Foil Air Cellular Material, and Wonderfil™ Film. A five (5) percent price increase will be applied to the following products: Consumable Paper for all Sealed Air Paper Systems, PriorityWrap® Rigid Board, Custom Wrap™ Converted Paper, Kushion Kraft® Converted Paper, Jiffylite® Kraft Bubble Mailers, Jiffy® Utility Mailers, Jiffy® Padded Envelopes, Jiffy Rigi Bag® Mailers, Korrvu® Suspension & Retention, Macerated Pads, and Rapid Fill® Automated Bags. The business also previously announced increases in the prices of Instapak® products, which are effective March 15, 2018: lnstapak® chemical formulation prices will increase 15 cents per pound, lnstapak® packaging film prices will increase 6 percent and lnstapak Simple® "A" and "B" Component prices will increase 2 percent.

Just as direct-to-consumer delivery has grown in popularity, so has consumer demand for eco-friendly packaging and products has increased. Packaging components ranging from the actual container (ex. box) that the product is shipped in, to the outer package wrap and void fill each must be considered. If you are committed to sustainability but still use foam or plastic void fill, it is time to explore eco-friendly alternatives. Void fill (sometimes called “box filler”) exists to fill the empty spaces in your packaging and protect your product from too much movement during the shipping process. Customers are used to getting packages filled with styrofoam peanuts, plastic air pillows, plastic bubble wrap, and so on. However, many of these methods are reliant on unsustainable materials. Additionally, they may demand an avoidable amount of messy packing space or disregard the customer's unboxing experience.