Mondi Partners With United Nations
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Mondi Group,a global packaging and paper company, has committed to a three-year strategic partnership to support the United Nations World Food Programme’s (WFP’s) efforts to change lives around the globe. The collaboration will see Mondi make a $1 million in-kind and financial contribution to help WFP im- prove how it delivers nutritious food over a complex humanitarian supply chain, with an aim to reduce food waste and mitigate the impact of packaging on the environment. The partnership will draw on the infrastructure and expertise from Mondi’s corrugated packaging, paper bags and consumer flexibles businesses. Over the next three years, the goal is to develop effective guidance for WFP’s global network of food manufacturers and local suppliers as well as for the wider humanitarian community. Ultimately, the part- nership aims to design and develop more sustainable packaging to better protect food and maintain its qual- ity as it is subject to a wide variety of storage, transport and handling challenges in different climates. “One-third of the world’s food is currently wasted each year.,” said Andrew King, Group CEO of Mondi. “That’s enough food to feed 2 billion people, the equiv- alent populations of Africa and Europe combined. ” N.A. Flexible Packaging Market Valued At $40.14B The North American flexible packaging market was valued at $40.14 billion in 2020 and is expected to reach $48.39 billion by 2026 growing at a CAGR of 3.16 percent over the forecast period (2021-2026), ac- cording to a new report by Research & Markets. The growing market demand for customer-friendly packag- es and heightened product protection is expected to boost flexible packaging as a viable and cost-effective substitute. Flexible packaging in North America is rising faster than many other forms. It includes trends, like e-com- merce, digital printing, and sustainability,which can be used to drive market development and growth. Cus- tomers in the region are eager to pay more for certain product attributes boosted by flexible packaging, ac- cording to the report. For instance, according to the Flexible Packaging Association, more than 60 percent of North American consumers are keen to pay more for tangible and func- tional packaging benefits, such as product protection, shipping friendly, and supply chain efficacy, among others.
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4 March 1, 2021 Flexo Market News
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