Exclusive Partnership with Stora Enso
11 May 2021
Stora Enso and packaging technology company Pulpex have joined forces to industrialize the production of eco-friendly paper bottles and containers made from wood fiber pulp. These renewable products will offer an alternative to PET plastics and glass.
The global beverage packaging market is worth an estimated $117bn and is forecast to grow by 4.5% and reach $170bn by 2027. Globally, plastic packaging is currently growing at 5% CAGR and represents about 40% of global beverage packaging. Across the EU and US today, only around 30-40% of all plastic bottles are collected for recycling. However, for paper and cardboard recycling, the average is nearer 80%, just ahead of glass and aluminium (75-80%).
“We are delighted to have Stora Enso involved with Pulpex and are looking forward to the tangible benefits of such a formidable collaboration that will undoubtedly help us over the coming months as we seek to make our new, high-speed production lines available to all our partners”, says Scott Winston, Director, Pulpex Limited.
Read the full press release here