UPM Raflatac Targets Label Waste Recycling UPM Raflatac, a global supplier of sustainable self-adhesive paper and film products, has an- nounced Soprema as its main partner in label waste recycling in the EMEIA region. Soprema, a global specialist in waterproofing and
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roofing and insulation, will transform the label waste collected through the RafCycle by UPM Ra- flatac recycling service into new construction and insulation materials. Soprema operates 123 manufacturing sites and has more than 120 subsidiaries worldwide. UPM Raflatac’s RafCycle service is committed to liner waste recycling. With this partnership, label waste is converted into insulation solutions, sup- porting the use of renewable sources in the con- struction industry at Soprema’s site in France. This collaboration will let Soprema take a new step forward in the integration of the release liner as raw material for an insulation product that is more effective for all-season thermal comfort, So- prema’s management team said. Smithers Examines Future of Global Packaging Over the five years to 2028, the global packag- ing market is forecast to grow from $1.17 trillion to $1.42 trillion, according to new research released by Smithers. Globally, the packaging market is forecast to ex- pand at a compound annual growth rate (CAGR) of 3.9 percent over the next five years Flexible plastics will be the material type with the highest CAGR: 5.1 percent for 2023–28. Asia is the largest market accounting for $470 bil- lion of world packaging sales in 2023. North America is in second place accounting for $270 billion of world packaging sales, ahead of Western Europe with $234 billion.
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