Strong third-quarter commodity prices bolstered earnings for the nation’s top five haulers. | Courtesy of Republic Services
North America’s five largest publicly traded garbage and recycling companies recently reported quarterly financial results, reaching record revenues and margins.
The Trump presidency promises decreased regulation and likely less funding for environmental initiatives. | LLoughran-Shutterstock
Following Donald Trump’s win in the 2024 presidential election, the plastics and chemicals industries are processing what may lie ahead in an environment that is likely to have drastic reductions in regulation and an emphasis on fossil fuels.
The largest brand owners in the world together used an average of 14% post-consumer resin in their packaging last year, a 2 percentage point increase over 2022. | Photka/Shutterstock
The Ellen MacArthur Foundation’s 2023 report indicated a year-over-year decrease in both virgin and overall plastic use from signatory companies. That came from companies incorporating more post-consumer resin, combined with lower overall consumer demand due to economic challenges.
For the first nine months of 2024, recovered plastic exports remained steady year over year, marking a change from multiple years of annual declines in export volume. | Qingqing/Shutterstock
For the first nine months of 2024, recovered plastic exports remained steady year over year, marking a change from multiple years of annual declines in export volume. Continue Reading
Although third-quarter revenues reached record levels for some of the nation’s top five publicly traded haulers, plummeting fiber pricing in October was an indicator for commodity values heading into 2025. | Huguette Roe/Shutterstock
Although third-quarter commodity prices contributed to record quarterly revenues and margins for North America’s largest garbage and recycling companies, their outlook has changed moving into the final stretch of the year. Continue Reading
California researchers found that mandates, production limits for virgin resin, $50 billion in plastic waste management investment and a fee or tax on plastic packaging could reduce mismanaged plastic by 91% globally. | Ulrich Mueller/Shutterstock
Using insights from an AI-generated tool, a team of University of California researchers estimated that implementing four policies globally could reduce mismanaged plastic by 91%. Continue Reading
The combination of the two packaging giants aims to strengthen positioning in high-growth, high-value categories. | 360b/Shutterstock
Switzerland-headquartered packaging giant Amcor will acquire Indiana-based Berry Global in an $8.4 billion all-stock deal that’s expected to close in mid-2025, the companies announced Nov. 19, marking a continuing trend of consolidation in the packaging industry.
Packaging suppliers including TC Transcontinental, Tetra Pak, Amcor and Orbis shared insights on incorporating PCR at the 2024 Pack Expo International in Chicago. | Antoinette Smith/Resource Recycling
The broad theme of sustainability was a central focus at Pack Expo International in Chicago this week, encompassing package recyclability, PCR content and legislation. Continue Reading
The latest draft, called a “non-paper,” was released by Luis Vayas Valdivieso, chair of the Intergovernmental Negotiating Committee on Plastic Pollution, convened by the United Nations. | Bascar/Shutterstock
A new draft of the U.N.’s global treaty on plastics has sparked disappointment from environmental groups after leaving some of the most contentious issues unaddressed. Continue Reading