American Forest & Paper Association Releases September 2017 Boxboard Report

Tetra Pak has made new advancements in the area of recycled content, expanding its offering of packaging solutions using certified recycled polymers to cover new formats, product categories and geographies. The expansion is a key milestone in the company’s journey towards a circular portfolio, turning waste into new resources, and reducing the industry’s dependence on virgin, fossil-based materials. It comes at a pivotal moment, aligning with the recently released European Commission’s proposal for the Packaging and Packaging Waste Regulation.2 Fossil-based plastic production is set to increase by 10.8% between 2021 and 20253. At the same time, 86% of shoppers are concerned about the usage of plastic and its impact on the environment, and believe that using recycled plastic is one of the best ways to tackle this challenge4. They have also started to act on it, increasingly choosing to buy products or packages with recycled material in the last year.5

Packaging Corporation of America (NYSE: PKG) today reported fourth quarter 2021 net income of $217 million, or $2.28 per share, and net income of $262 million, or $2.76 per share, excluding special items. Fourth quarter net sales were $2.0 billion in 2021 and $1.7 billion in 2020. Full year 2021 net income was $841 million, or $8.83 per share, and net income of $894 million, or $9.39 per share, excluding special items. Full year net sales were $7.7 billion in 2021 and $6.7 billion in 2020.

The Huhtamaki Foundation inaugurated its first recycling plant in Khopoli, Maharashtra today to help drive circularity for packaging. The site – which is spread across 2,000 square meters – will recycle about 1,600 kilograms of post-consumer used flexible plastic waste per day from early May as the plant becomes fully operational. The Central Pollution Board of India (2012) estimates that India generates close to 26,000 tonnes of plastic waste a day and a little over 10,000 tonnes a day of plastic waste remains uncollected. The recycling plant was set up with an investment of INR 90 million as part of the Huhtamaki Foundation’s #CloseTheLoop initiative to tackle post-consumer waste to deliver a valuable secondary resource material. It will process post-consumer waste to create resin to produce refined compounds to be used for household products for consumers in India.