New innovation specialist hired at WestRock

Like many other major plastics applications, plastics use in flexible packaging has come under deep scrutiny in recent years as sustainability concerns rise and spread globally. Paper is often lauded as a far more environmentally friendly alternative but how do the two materials really compare? And what is the most sustainable solution? Historically, papers have been used in flexible packaging for many applications, including confectionery, pet food and dried food. By the early-2000s, however, paper demand as a flexible packaging substrate began to decline due to competition from down-gauging and the rise of plastic alternatives. Consumers today widely view paper as a more environmentally friendly alternative to plastic. A European consumer preferences survey, commissioned by Two Sides in 2020, concluded that 62% of consumers see paper and cardboard packaging as better for the environment. Additionally, 70% of consumers surveyed said they were actively taking steps to reduce their use of plastic packaging. Comparing green credentials isn’t as straightforward as some would think, however.

The partnership will see the two companies collaborate to accelerate the transition from plastic to paper bags within the e-commerce marketplace in Europe at scale, and the solutions will be available to customers across all DS Smith markets in Europe. DS Smith and Jonsac will provide an product range to meet customer requirements while looking ahead at the types of packaging solutions that will be valuable for the ecommerce sector in the future, in line with key market requirements and fast changing consumer trends. The bags will be 100% fibre-based and recyclable, and DS Smith customers will benefit from the opportunity to order consignments at high-volume in support of their ecommerce activities. The new agreement between the companies represents an addition to an existing arrangement where Jonsac supply paper bag packaging solutions to DS Smith customers within the Nordics region.

Net Sales increased 36% to $2,358 million in the second quarter of 2022, compared to $1,737 million in the prior year period. The $621 million increase was driven by $278 million of pricing and $379 million of improved volume/mix related to organic growth from conversions to fiber-based packaging solutions and acquisitions. Net sales were unfavorably impacted by $36 million of foreign exchange. EBITDA for the second quarter of 2022 was $294 million, compared to $214 million in the prior year period