FINAT Celebrates Excellence In Sustainability BY GREG KISHBAUGH
Flexo Printing Market Projected To Reach $5.38B According to a new industry research report published by Fact.MR, a market research and competitive intelligence provider, the global Flexographic Printing Technology Market is projected to reach a valuation of US$2.86 bil- lion in 2024 and further expand at 6.5 percent Compound Annual Growth Rate over the next
Last week at the Sustainable Packaging Summit held in Amsterdam, FINAT revealed the winners of the 2024 FINAT Sustainability Awards. This competition recognizes outstanding work in the label industry to advance sustainability. The awards were handed out by Jonathan Sexton, Sun Chemical, FINAT Board Member and Chair of the FINAT Sustainability Awards Taskforce; Päivi Knihti, UPM Raflatac, FINAT Board Member and Chair of the Advocacy Workstream; and Pablo Englebienne, FINAT Regulato- ry Affairs and Sustainability Manager.
ten years. Due to rising consumer demand and increasingly stringent safety regulations, the packaging industry is growing globally, especially in sectors such as food and bever- ages, pharmaceuticals, e-commerce, person- al care, and others. The North American market is seeing an increase in demand for flexographic printing technology due to the growing emphasis on sustainability and the use of eco-friendly ma- terials and inks. The worldwide market of flexographic printing technology is forecasted to hit US$ 5.38 billion by 2034; North America is ana- lyzed to hold 24.6 percent of the global mar- ket share in 2024. Global sales of stack-type press are eval- uated to rise at 6.6 percent CAGR between 2024 and 2034. Demand for automatic flexographic print- ing technology is forecasted to reach a worth of US$ 3.11 billion by 2034.
Optimization of Recycling Winner: Henkel
The 2024 edition of the competition, judged by Arno Melchior, Glob- al Packaging Director at Reckitt, Thomas Reiner, CEO at Berndt+Part- ner, and Fabrizio Di Gregorio, Technical Director at Plastics Recyclers Europe and RecyClass, received entries in two categories: Reduction of Environmental Impact and Optimization of Recycling. The initiatives stemmed from the whole label value chain, covering adhesive formula- tions, release coatings, metallization technologies, printing inks, manu- facturing and printing equipment, label stock, recycling methodologies and specific packaging solutions. Reduction of Environmental Impact This category focuses on materials, technologies and process- es developed to minimize the environmental footprint of labels. The award was presented to:
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November 18, 2024
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