Sustainable Packaging Market (2023-2033)_Sample Extract.pdf.pdf

The Sustainable packaging market is expected to reach $625.05 Bn by 2033 with a CAGR of 8.35% during 2024-2033.

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SUSTAINABLE PACKAGING MARKET

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Energy and Power Life sciences and Healthcare IT & Consulting
Electronics Chemicals and Materials Consumer & Retail

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Chapter 01: Sustainable Packaging Market Executive Summary
Chapter 01: Sustainable Packaging Market Executive Summary
Chapter 02: Sustainable Packaging Market Introduction
Chapter 02: Sustainable Packaging Market Introduction
Chapter 03: Sustainable Packaging Market Analysis
Chapter 04: Sustainable Packaging Market Incumbent Packaging Materials
Chapter 04: Sustainable Packaging Market Incumbent Packaging Materials
Chapter 05: Sustainable Packaging Market Sustainable Packaging Materials
Chapter 05: Sustainable Packaging Market Sustainable Packaging Materials
Chapter 06: Carbon Capture-Derived Materials For Packaging
Chapter 06: Carbon Capture-Derived Materials For Packaging
Chapter 07: Other Approaches to Sustainable Packaging
Chapter 07: Other Approaches to Sustainable Packaging
Chapter 08: Sustainable Packaging Market Applications of Sustainable Materials in Packaging
Chapter 08: Sustainable Packaging Market Applications of Sustainable Materials in Packaging
Chapter 09: Sustainable Packaging Market Forecasts
Chapter 09: Sustainable Packaging Market Forecasts
Chapter 10: Sustainable Packaging Market Company Profiles
Chapter 10: Sustainable Packaging Market Company Profiles
Chapter 11: Sustainable Packaging Market Appendix
Topics Slide No

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SUSTAINABLE PACKAGING MARKET
EXECUTIVE SUMMARY
CHAPTER - 01

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Sustainable packaging has the least amount of impact on the natural environment. That is, sustainable packing materials
emit the least amount of emissions throughout manufacture, production, transportation, and disposal or
recycling.
The interest in sustainability has grown in recent years. The concept of circular economy has gained traction, focusing
major attention on sustainable packaging. Furthermore, governments throughout the globe have responded to public
concerns about packaging waste, particularly single-use packaging waste. They are putting measures in place to reduce
environmental waste and enhance waste management operations.
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1.1 PACKAGING'S ROLE IN INCREASING GLOBAL PLASTICS PRODUCTION
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Packaging plays a significant role in increasing global plastic production due to its widespread use, convenience, and
versatility. The boom in e-commerce has led to a surge in demand for packaging materials to protect products during
shipping. Plastic packaging provides durability, cushioning, and moisture resistance, which are essential for safe
transport.
According to Plastics Europe a significant trade group that represents European plastics producers, Global production
of plasticsincreasedby 4% to more than 390 million tonnes in 2021, reflecting the robust and sustained need for
plastics. China's proportion in global plastics production is increasing itrCeoapchyreigdht3 2©%2 0in2 42 I0n2d1u.stInry
A20R2C1 , Packaging applications dominated the Plastics market and occupied a share of 44%.
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Source: Expert Insights & IndustryARC Analysis

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Source: Plastics Europe
The increasing applications of packaging drive the plastic market due to the inherent properties of plastics that make them
suitable for various packaging needs. Plastics are used extensively in packaging consumer goods such as beverages, snacks,
personal care products, and household items. Their lightweight nature, ability to preserve freshness, and cost-effectiveness
make them ideal for packaging a wide variety of products.
1.2 MARKET DRIVERS FOR SUSTAINABLE PACKAGING

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Government Initiatives Towards Sustainable Packaging:
A new regulation was passed in California in 2022 with the intention of lowering the quantity of single-use plastic that ends up
in landfills and waterways. The California SB 54, Plastic Pollution Prevention and CPaocpkyargiginhgt P©ro2d0u2c4e rI nR
packaging manufacturers to increase the recycling and compostability of plastic products.
Percentage Of The Global Plastics Use By Application In 2021 (%)
Source: Expert Insights & IndustryARC Analysis
Others
Packaging
Building and construction
Automotive
Electrical and Electronics
Household Leisure and Sports
Agriculture

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The Canadian government is assisting small and medium-sized firms in developing creative concepts and technology to
provide sustainable alternative packaging and drive Canada towards zero plastic waste. For instance, In 2022, the
Government of Canada conducted an innovation Solution Challenge, in which Magemi Mining Inc., based in Ontario,
received up to $1 million to develop a prototype of its proposed sustainable alternative to plastic packaging, a reduced
graphene-oxide reinforced recycled paper. This product is long-lasting and highly recyclable, and it has the potential to
replace single-use plastic in a variety of applications, such as plastic shopping bags while preserving convenience and
accessibility.
In 2022, the UK government imposed a levy on plastic packaging with less than 30% recycled content. This strategic tax
action is intended to offer an economic incentive for enterprises to use recycled plastic materials in their packaging. This
promotes greater waste plastic recycling and collection rates, reducing trash headed for landfill or incineration. The tariff is
expected to boost recycled plastic use by 40% and save over 200,000 tonnes of carbon between 2022 and 2023. In 2019, In
collaboration with all stakeholders, the Food Safety and Standards Authority of India (FSSAI) created a specific
action plan Plan for Safer and Sustainable Food Packaging to line with the Prime Minister's callfor action to eradicate
single-use plastic and establish ecologically appropriate substitutes. In 2018, all levels of the Australian government, including
representatives from local, state territory, and federal
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governments, came together with industry to launch Australia’s 2025 National Packaging Targets (2025 Targets), providing a
clear mandate to deliver a new sustainable pathway for packaging in Australia.
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Source: IndustryARC Analysis, Expert Insights

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Source: Expert Insights & IndustryARC Analysis

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In the initial stage of research, the scope of the sustainable packaging market is defined. In this preliminary stage, the key
data points in the market are identified which can be used to estimate the market to the best extent. The scope of this
report primarily focuses on the revenue generated from the products manufactured by the major producers. To better
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gauge the market, the secondary focus is on different layers in Sustainable Packaging markets, such as products catering to
disparate segments like applications.
Source: Expert Insights & IndustryARC Analysis
Verification
Data Synthesis
Data Validation
Data Triangulation
Research Methodology Flowchart
Market Scope & Definition
Preliminary Research Data Gathering
Data Analysis
Quality Assurance
Preliminary Research

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For this market, the volume of sustainable packaging as well as the varying price points were identified as key informational
conjectures for market estimation in 2023. Market performance and trending market dynamics are some of the key
questions that are studied during this stage. It also involves studying market factors and changing trends that are expected
to affect the market in the future. Data Gathering Based on the scope of the market and the key data points, several
secondary sources have been utilized for data gathering. The data gathering stage comprises a team of analysts who gather
data by researching secondary research resources, accessing proprietary databases, and with primary research reaching out
to key industry participants and opinion leaders (sales & marketing directors, product managers, market intelligence
directors as well as technical experts and administrators) throughout the Sustainable Packaging ecosystem including end-
use environments forming a crucial aspect of the value chain. The key sources for estimations remained the investments
made by end-user verticals along with the sales figures of product suppliers in the market. Also, various trade bodies and
associations were taken into consideration to understand the dynamics of each industry vertical and their respective
investment scenarios.
Source: Expert Insights & IndustryARC Analysis

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SUSTAINABLE PACKAGING MARKET
- INCUMBENT PACKAGING MATERIALS
CHAPTER - 04

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Source: Expert Insights & IndustryARC Analysis
4.1 FACTORS AFFECTING PACKAGING MATERIAL SELECTION
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Consumers frequently evaluate products depending on packing, and glass and paperboard containers are frequently regarded
as the most sustainable, disregarding how the product was acquired or produced, resulting in an incomplete picture of the
whole environmental load. Reusable glass and plastics, along with paperboard, were ranked as the most sustainable, while
non-returnable plastics, plastics, and paperboard portions were ranked as the least sustainable.
The selection of packaging materials depends on several factors, such as the properties of the product, the environmental
conditions, the cost, the consumer preferences, and the regulatory requirements.
Adaptability: To keep the products safe during transport, the materials used for packaging must be tailored to various
scenarios, such as weather, shipping mode, delivery time, and other considerations. In terms of weather conditions, for
example, packaging materials should be adaptable to varying temperatures and humidity levels, with specific consideration
given to severe weather.
Coordination: In general, people divide packaging into three categories: primary packaging, secondary packaging, and tertiary
packaging. Each affects how the saleable product is packed and distributed, as well as the actual look and feel of the packing.
Primary packaging, also known as consumer or retail packaging, comes into direct contact with the product and is frequently
constructed of plastic film, paper, aluminum foil, and other materials. The primary packaging protects the product and informs
the customer of its uses and other relevant information. When 5 bags of goods are placed in a box, this is known as secondary
packaging. This level of packaging can be the shipping box that contains the main packaging, but it can also be retail or
consumer-facing packaging. The final type is tertiary packaging, which is typically the shipping box used to protect secondary
packaging. Tertiary packaging is used in warehouses to preserve and move items.Copyright ©2024 IndustryARC
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Aesthetic: Aesthetic packaging can have a direct impact on product sales. One of the main aspects determining the
visual effect of packaging is the material utilized in its design. diverse colors, transparency, stiffness, and materia
types produce diverse effects. Cost: Cost is a crucial factor in company decisions on a daily basis. Investing in
packaging is a required outlay that might become more expensive if the material is not chosen correctly. Costs can
easily mount from a variety of sources, eventually trickling down to the client. Shipping is one area where costs can
rise. For example, if the product is wrapped in glass, a heavy and breakable material, the added cost of weight for
shipment must be considered, as well as objects that may be destroyed due to breakage. Convenience & Availability
Although raw material availability may not be an immediate consideration, having knowledge of material availability
in the packaging business may influence the selection owing to pricing. Some materials, such as plastic resins, are
more easily available and are molded into containers in the United States, whereas glass containers are generally
manufactured overseas. Having a reliable packaging supplier to guide through the huge world of packaging can help
to save money by identifying the best material to match the product needs.
Source: Expert Insights & IndustryARC Analysis
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SUSTAINABLE PACKAGING MARKET
- SUSTAINABLE PACKAGING MATERIALS
CHAPTER - 05

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16. There are several types of plastic recycling methods, each targeting different types of plastic materials. Here are some
common types of plastic recycling:
Mechanical Recycling: Mechanical recycling is one of the most often used techniques for finding new uses for waste
Plastics, paper, and glass are all recycled using this technique. Without altering their chemical structures, the remnants
of all these materials are mechanically changed into new materials. Making plastic wastes usable by mechanical recyclin
involves carrying out operations like grinding, washing, sorting, drying, re-granulating, and compounding. Chemica
Recycling: Chemical recycling is the technique of reusing plastic by altering the polymer structure chemically to create
raw material for the production of new products. The term chemCicoaply reigchytc l©in2g0a2c4tu Ianldlyu sretrfyeArs
tCo a number of
different procedures. The decomposition of Polymers, the huge molecules that constitute plastic materials, occurs
differently in various forms such as Pyrolysis, Gasification, and Depolymerization.
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Mechanical
Recycling
Chemical
Recycling
Recycling
Dissolution
Recycling
Organic
Recycling

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CARBON CAPTURE-DERIVED MATERIALS FOR PACKAGING
CHAPTER - 06

18. CO₂ utilization involves converting carbon dioxide (CO₂) emissions into valuable products, which can have applications i
various industries, including sustainable packaging. CO₂ can be captured from industrial processes or directly from the
atmosphere and converted into chemical feedstocks or building blocks for packaging materials. This reduces the carbo
footprint of packaging production. Polymers (including bio-plastics),Attempts to convert CO2 to various polymers on
global scale at multiple dimensions provide another potential method of using CO2. These polymers are used in a variet
of products, including mobilelaptop packaging, phone cases, and others. They also present an intriguing potenti
alternative for CO2 conversion and utilization. CO₂ utilization promotes a circular economy by creating a closed-loo
system where carbon emissions are recycled into useful products, reducing waste and the need for virgin materials. O
12th July 2023, Avantium, a Dutch firm focused on sustainability, is transforming the packaging sector with its continuin
HICCUPS project, which is partially financed by Horizon Europe. Avantium collaborates with HICCUPS consortium
members to develop eco-friendly packaging solutions by converting biogenic CO2 emissions into bio-based polymer
Spinverse was crucial in boosting Avantium’s endeavor behind the scenes. On 19th August 2022, Coca-Cola Europacif
Partners (CCEP) and the UniveCrsoitpyy roigf hCta ©lif2o0rn2i4a ,I nBdeurksetrlyeAy R(UC CB) formed a
partnership aimed at finding scalable methods of converting collected CO2 - initially into sugar, but eventually into
packaging feedstock.
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OTHER APPROACHES TO SUSTAINABLE PACKAGING
CHAPTER - 07

20. Glued components or adhesives can interfere with recycling. Choose designs that avoid excessive use of adhesives.
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Designing for recyclability is an approach that ensures products never become "waste" and instead enables for closed
loop material recovery. Choose materials that are widely accepted in recycling programs, such as PET, HDPE, glass, an
paperboard. Minimize the use of mixed materials that are difficult to separate during recycling, as they can lead t
contamination.
Design for Recycling Guidelines assist the industry in improving the overall recyclability of plastic goods. The Guidelines
are established by the European PET Bottle Platform for PET bottles, Petcore Europe for PET Trays Thermoforms, and
RecyClass for all other packaging.
Choose packaging materials that are widely accepted in recycling programs, such as plastics with recycling that indicate
their recyclability PET, HDPE.
Transparent clear and transparent light blue colour, and transparent light colour pet bottles are fully compatable
according to RecyClass. Pet bottles with Transparent dark colours, and Opaque; Fluorescence; Metallic has a limited
compatability and low compatability. Dark-colored packaging can be challenging to sort accurately in recycling facilities.
Companies must opt for lighter colors when designing packaging.
When designing packaging with recyclability in mind, minimizing the use of labels is an important
consideration.Excessive labels, sleeves, and shrink-wrap can complicate recycling processes. Limit their use or choose
materials that can be easily removed. Packaging with fewer labels can be mCoorep yeraigshilty ©so2r0te2d4 aInnddu psr
facilities, streamlining the overall recycling process.
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restaurants such as Burger King are notable examples.
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Reusable packaging is defined as packaging that allows either the business or the consumer to repackage the same type o
purchased product, is designed to be returnable and/or refillable, is free of hazardous chemicals, and achieves a minimum
number of reuses by being part of a system that allows reuse. Reusable packaging may be more suitable for some produc
categories, such as:
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Items used in food service (e.g., drinking cups, takeaway containers) are more likely to achieve high levels of
reuse in practice because of their pervasiveness.
Items that are regularly purchased (e.g., personal care, home care, office supplies) because they are consumed
rapidly and have a high degree of repeat purchasing Items purchased online that are frequently returned (e.g
clothing, footwear), since items are already being returned by customers when they do not fit or fulfi
expectations.
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Refillable packaging is defined as packaging that is intended to be owned by consumers and refilled with separately
purchased products or through dispenser devices. Algramo, The Body Shop, Waitrose, Nestle, and Asda are among
startups and corporations that use dispensers and refill stations. Companies that provide refills at home include P&G
Myro, Blueland, and Grove Collaborative. Returnable packaging is packaging that is part of a system that allows a firm
to collect and refill the package. Customers return the empty package to the company, which replaces it with fresCh
pityermigsh.t C©o2c0a2Co4l aIn dBursatzriyl,A LRoCo p, Returnity,
Anheuser-Busch in collaboration with Conscious Container, DeliverZero, ClubZero, and several pilots by quick-service
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SUSTAINABLE PACKAGING MARKET FORECASTS
CHAPTER - 09

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9.1. Forecast methodology and scope
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In the initial stage of research, the scope of the sustainable packaging market is defined. In this preliminary stage, the
key data points in the market are identified which can be used to estimate the market to the best extent.
The scope of this report primarily focuses on the revenue generated from the products manufactured by the major
producers. To better gauge the market, the secondary focus is on different layers in Sustainable Packaging markets, such
as products catering to disparate segments like applications.
For this market, the volume of sustainable packaging as well as the varying price points were identified as key
informational conjectures for market estimation in 2023. Market performance and trending market dynamics are some
of the key questions that are studied during this stage. It also involves studying market factors and changing trends that
are expected to affect the market in the future.
Further, time series forecasting methodology is applied based on various factors such as product replacement,
propensity to buy a new product, average life span, suppliers, and distribution margins along with the trade dynamics of
the leading countries across the region.
Average weighted ASPs are also considered while estimating the market value in the report. The estimates are further
revalidated with the suppliers and manufacturers operating in the market. However, some macroeconomic factors like
inflation are not considered. The forecasting model is an iterative tool and is backed by historical trends of the market
along with a regressive mathematical model that assesses the value basCedo poynri gfhatc t©o2rs0 2su4c Ihn daus
tcraypAitRaCl expenditure,
product lifespan, R&D investments, and so on. The base year is 2022 and 2023 is the estimated year. The forecast perio
is between 2023 and 2033.
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Source: IndustryARC Analysis, Expert Insights

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reach $621.05bn by 2033, from around $262.86bn in 2022. The market is likely to be influenced by several variable
including the growing adoption of sustainable packaging by small and medium-sized businesses, the rising demand fo
sustainable packaging in emerging markets, and the ongoing emphasis on R&D activities aimed at creating new
sustainable materials and packaging solutions. Additionally, as e-commerce and online shopping have grown, there is
greater need for environmentally friendly sustainable packaging solutions that safeguard goods during shipping an
handling. To address the growing environmental concerns and improve their brand image, many e-commerce businesse
are focused on shipping goods in sustainable packaging. In September 2022, Johnson & Johnson, Philippines, an
eCommerce group, the largest end-to-end e-commerce facilitator in Southeast Asia, announced their agreement t
provide sustainaCbolpey priagchkta ©gin2g0 2so4l uIntdiounsst raynAdR Cp ackaging that
is 100 percent recyclable in the Philippines. This extensive collaboration aims to lessen the waste generated by e-
commerce companies.
700.00
600.00
500.00
400.00
100.00
0.00
Source: IndustryARC Analysis, Expert Insights
2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033
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The Sustainable packaging market is estimated to grow at a CAGR of 8.35% during the forecast period (2023-2033) and
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300.00
200.00
Revenue ($bn)
Sustainable Packaging Market Revenue, 2022-2033 ($bn)

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SUSTAINABLE PACKAGING MARKET COMPANY PROFILES
CHAPTER - 10

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Ardagh Group SA
Established Year
Headquarters
Revenue (2022)
Employee (2022)
Website
Ardagh Group SA, Revenue, 2020-2022 ($M)
Description
1932
Luxembourg
$9,030 M
~16,121
https://www.ardaghmetalpackagi
ng.com/
Ardagh Group SA, Revenue Share, By Segment, 2022 (%)
Note: The geographical revenue of Ardagh group is not disclosed.
Source: Company News and Press Releases
10,000
9,00 0
8,00 0
7,00 0
6,00 0
5,00 0
4,00 0
3,00 0
2,00 0
1,00 0
0
2020
6,731.0
2021
7,577.0
2022
9,030.0
28%
20%
Ardagh Metal Packaging
Europe
Ardagh Metal Packaging
Americas
Ardagh Glass Packaging
Europe & Africa
Ardagh Glass Packaging
North America
Revenue($M)
22%

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Ardagh Group SA: Developments
Ardagh Group SA : Product Portfolio
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Source: Company News and Press Releases
Date
July 18, 2023
May 4,2023
April 29, 2022
Recyclable Glass Packaging
Recyclable Metal Packaging
Approach
Product Launch
Partnership
Acquisition
Ardagh manufactures 100% recyclable glass packaging in a variety of forms and sizes for the world's
leading brands. Ardagh have the resources and knowledge to produce distinctive, inventive glass
packaging that generates brand distinctiveness, in addition to giving a choice of 16 color variations in
North America.
Ardagh Group is well-known for its metal packaging solutions, including aluminum and steel cans.
These materials are highly recyclable and can be used for various products such as beverages, and
food.
Description
Splendor® Water Launches Sustainably made 100% Recyclable Indigo Glass Bottles in Collaboration
with Ardagh Glass Packaging.
Ardagh Group, announced a supply agreement with SprecherBrewing Company to continue to
manufacture all of their glass beer and beverage bottles, including their recently redesigned
custom 16oz glass bottle.
Ardagh Group acquired Consol, the leading producer of glass packaging on the African continent,
for an equity value of ZAR10.1 billion
Product Name Description

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Ardagh Group SA: Developments
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Source: Company News and Press Releases
Date
July 9 2020
August 5 2021
March 23 2021
September 8 2022
September 28 2022
Approach Description
Ardagh Glass Packaging - Europe collaborated worked with B&B Studio and Belvoir Farm to
develop a new glass bottle design for Belvoir Farm's new line of refined, non-alcoholic Botanical
Sodas.
Ardagh Group's Ardagh Glass Packaging - North America (AGP - North America) has partnered
with Ste. Michelle Wine Estates to move to ECO Series® sustainable glass packaging choices.
Ardagh Group, Glass – North America, and Bragg Live Food Products partnered to unveil a new
16oz glass bottle for its line of apple cider vinegar beverages.
Ardagh Group SA has completed the merger of its metal packaging business with Gores Holdings
V, sponsored by an affiliate of The Gores Group.
Ardagh Group announced it’s supplying Arterra Wines Canada, Inc with a new, lightweight 1.5L
Bordeaux Stelvin® wine bottle. It is designed in high-quality glass, the new, lightweight bottle
delivers great shelf appeal in a premium, sustainable package.
Wollersheim Winery receives wine bottles developed and produced in the United States from
Ardagh Group. Wollersheim Winery's premium, modern wine bottles by Ardagh reflect the
brand's reputation for excellence and sustainable packaging.
Partnership
Partnership
Partnership
Merger
Product Launch
Partnership
May 28 2020

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