Vessl and Tempra Technology collaborate on packaging solutions

WestRock reports net loss of $22.4m and 6.1% net sales decline in Q1 FY24. AeroFlexx partners with Dynapack Asia for sustainable liquid packaging. And Paper and pulp: not a cure-all for plastic alternatives.

Forward this email  |  View in browser PackagingGateway In Brief February 02, 2024 SPOTLIGHT READ Vessl and Tempra Technology collaborate on packaging solutions The focus of the partnership is to create more efficient and cost-effective solutions in the industry. Got a minute to spare? Take part in our research by answering our poll: Answer our poll question LATEST NEWS WestRock reports net loss of $22.4m and 6.1% net sales decline in Q1 FY24 The company's sales declined due to lower adjusted EBITDA in its Global Paper and Consumer Packaging segments.   AeroFlexx partners with Dynapack Asia for sustainable liquid packaging  The move will leverage a combination of AeroFlexx's technology and Dynapack Asia's scale within the region.   Paper and pulp: not a cure-all for plastic alternatives The sustainability of paper and pulp as a replacement for plastic may not be as straightforward as consumers perceive.   Amcor scales up thermoforming production capacity in North America  The expansion will address the increasing demand in the medical, pharmaceutical, and consumer health sectors.   Silgan reports net income of $326.0m in FY23   The company forecasts adjusted net income per diluted share in the range of $3.55 to $3.75 in FY24.   Sonoco to sell Protective Solutions business in $80m deal  The divestiture is in line with Sonoco's strategy to optimise its portfolio and focus on its core businesses.   International Paper reports net earnings of $288m in FY23  The company's net sales also decreased to $18.9bn in FY23 from $21.1bn the previous year. Read more news IN-DEPTH READ Global Packaging Industry Overview   Per GlobalData, the global packaging industry volumes increased from 4.1 trillion units in 2022 to reach 4.6 trillion units and is expected to grow at a CAGR of 2.6% during 2022–27. The global packaging volumes for all industries was led by the food industry, accounting for a 50.9% volume share in 2022, followed by non-alcoholic beverages. The non-alcoholic beverages industry is forecast to grow fastest at a CAGR of 3.7% during 2022–27. Buy report MORE FOR YOU Explore our marketing solutions   Merging industry-leading business intelligence & award-winning journalism, this is an unrivalled opportunity for engagement with B2B professionals across a network of 40+ leading media websites.    Request a demo PARTNER CONTENT High-Speed Weighing Machine Launched for Processed Food by Newtec Newtec, a pioneer in innovative weighing solutions, proudly announces the launch of a new weighing solution, model 2008PCM / Memory Pans. The new weighing solution is engineered to cater to the diverse needs of the convenience and processed food sector, including but not limited to dried and snack foods, small frozen products and small, fresh, cut foods.  Masterpack Group at the Biofach Event in Nuremberg, Germany Masterpack Group is an expert in creating tailored solutions that transform supply chains with a focus on sustainability.  Inside Packaging Digital Magazine   Issue 72 | December 2023   In this issue: The trends that will define 2024, EU recycling targets at risk, the growth of PCR packaging, and more Read the magazine Click below to view more from across the network: Verdict Foodservice   |   Just Drinks   |   Just Food   |   Just Style   Was this email forwarded to you? Sign up here.   Please send any news or comments to: consumer.editorial@verdict.co.uk   GlobalData   At GlobalData we have a proven track record in helping thousands of companies, government organizations, and industry professionals benefit from faster, more informed decisions. You can update your communication preferences to make sure you receive the right information for you.    GlobalData, John Carpenter House | Registered in England No. 03925319, John Carpenter Street, London, EC4Y 0AN, United Kingdom London  Unsubscribe  |   Manage Preferences