FMCG leaders strive to reduce virgin plastic as consumer pressure grows, says GlobalData
Major FMCG players are making virgin plastic reduction a key target as 75% of consumers indicate a preference for environmentally friendly packaging, according to GlobalData a leading data and analytics company.
1:40 min Facts & Figures
Indorama Ventures reports marginal improvement in quarterly earnings; safeguards business in challenging environment
Indorama Ventures reported marginally improved quarterly earnings as the company’s inherent advantages and continued focus on improving competitiveness helped bolster its business amid a continued weak operating environment.
Asia to lead global polyethylene terephthalate capacity additions by 2027, says GlobalData
Asia is set to lead the global polyethylene terephthalate (PET) industry capacity additions with a share of 61.8% by 2027, by gaining capacities from new-build and expansion projects between 2023 and 2027, according to GlobalData, a leading data and analytics company.
ICIS: No peak season expected for Europe recycling markets in 2023
There will be no peak season for demand across European recycled polymers sectors in 2023, multiple players in multiple markets have forecast in recent weeks. This is due to a combination of: Bearish macroeconomic conditions blunting consumer purchasing power. Ongoing high costs ...