In May 2023, Amcor, a global packaging leader, announced the finalization of a contract to acquire Moda Systems, a privately held company based in New Zealand. This strategic move by Amcor aims to bolster its offerings by providing a comprehensive range of end-to-end packaging solutions. With Moda Systems under its umbrella, Amcor will be able to offer a diverse portfolio of products and services, including equipment, primary packaging solutions, and on-site technical support, catering to various industries and market needs.
In October 2023, Perlen Packaging and Etimex Primary Packaging joined forces to enhance the adoption of polypropylene (PP) monoblister packaging within the pharmaceutical sector. This collaboration signifies a concerted effort to leverage the unique properties of PP monoblister packaging, such as durability, versatility, and cost-effectiveness, to meet the evolving demands of pharmaceutical companies and consumers alike. By combining their expertise and resources, Perlen Packaging and Etimex Primary Packaging aim to drive innovation and efficiency in pharmaceutical packaging solutions.
In July 2023, Swiggy, a prominent player in the online food delivery space, made a strategic move to expand its presence in the retail sector by acquiring Lynk Logistics Limited, a retail distribution company. This acquisition underscores Swiggy’s commitment to diversifying its offerings and tapping into new market opportunities beyond food delivery. By integrating Lynk Logistics’ distribution capabilities with its existing infrastructure, Swiggy aims to enhance its logistics network and provide seamless delivery services to retail partners and customers.
In April 2023, ITC’s Aashirvaad Organic Atta unveiled a breakthrough in sustainable packaging with the introduction of paper-based packaging solutions on World Earth Day. This initiative marks a significant milestone in the journey towards promoting eco-friendly packaging alternatives. By leveraging paper-based materials for packaging its Organic Range of atta and dals, Aashirvaad Organic Atta reaffirms its commitment to sustainability and environmental stewardship. The initiative not only aligns with consumer preferences for sustainable products but also contributes to reducing the ecological footprint of packaging materials in the food industry.
These instances highlight the dynamic landscape of the primary packaging market, characterized by strategic partnerships, technological innovations, and a growing emphasis on sustainability. As companies continue to adapt to evolving consumer preferences and regulatory requirements, collaboration, innovation, and sustainability will remain key drivers of success in the primary packaging industry.
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