Factors such as the expanding demand for recyclable and biodegradable packaging and the growing demand for ready-to-eat and packaged food will drive the market growth.

New goal complements other previously announced sustainable product and packaging goals, including to achieve 100% recycled, recyclable, or bio-based plastic materials in products and packaging by 2030.

The donation goes to the humanitarian efforts to help the people directly affected by the current situation in Ukraine.

Toppan has expanded its packaging business in Asia, including Indonesia, Thailand and China. 

The market is anticipated to surpass $5.5 billion valuation in 2031, and expand at a CAGR of more than 6% over the next ten years.

Invented at MIT by co-founders Dave Smith and Professor Kripa Varanasi, the company's first-of- its-kind, patented technology removes friction between solids and liquids, allowing thick, slow- moving liquids to flow with ease

The joint venture will reportedly leverage PaperFoam’s existing U.S. based manufacturing facility, located in Wilmington, NC, to increase the sales of 100% compostable sustainable packaging in the North American market.

The financing for the acquisition includes the largest-ever sustainability-linked loan issued to date.

The demand for industrial adhesives has risen steadily in the past few years.