03.22.24
There is a growing demand for products packaged in recyclable packaging among consumers, especially in developed economies. Considering this, beverage manufacturers in the US are increasingly shifting from polyethylene terephthalate (PET) to recycled polyethylene terephthalate (rPET) bottles to help lower carbon emissions and advance the circular economy, says GlobalData, a leading data and analytics company.
Mani Bhushan Shukla, Consumer Analyst at GlobalData, comments: “The US has laid out ambitious targets to establish a circular economy. In 2020, the US Environmental Protection Agency announced its National Recycling Goal to increase the national recycling rate to 50% by 2030. Transitioning from virgin PET plastic to rPET packaging is the only viable option for consumer packaged goods (CPG) companies to honor their sustainability commitments."
Plus, Label Source, a provider of innovative labeling solutions, has announced that it has acquired Allied Label Printing Systems, a producer of flexographic and digital label printing solutions. This transaction marks a significant milestone in Label Source's continual growth strategy.
Founded in 1981 and based in Flowery Branch, GA, USA, Allied Label Printing Systems brings a tradition of excellence and a loyal customer base to the Label Source family. The acquisition will further enhance Label Source’s ability to meet the evolving needs of clients and navigate the dynamic landscape of the labeling industry.
"We are excited to welcome Allied Label Printing Systems into the Label Source family," says Christopher Geeslin, Jr., president at Label Source. "This acquisition represents a significant step forward in our growth strategy and strengthens our position as a leader in the labeling industry. We are confident that this combination will create meaningful value for our customers, employees, and stakeholders.”
1. US beverage makers switching to rPET bottles
2. Label Source acquires Allied Label Printing Systems
3. Finland strike closes ports for two weeks
4. Fujifilm files patent infringement lawsuit against Kodak
5. Label King achieves ISO 9001:2015 certification
Mani Bhushan Shukla, Consumer Analyst at GlobalData, comments: “The US has laid out ambitious targets to establish a circular economy. In 2020, the US Environmental Protection Agency announced its National Recycling Goal to increase the national recycling rate to 50% by 2030. Transitioning from virgin PET plastic to rPET packaging is the only viable option for consumer packaged goods (CPG) companies to honor their sustainability commitments."
Plus, Label Source, a provider of innovative labeling solutions, has announced that it has acquired Allied Label Printing Systems, a producer of flexographic and digital label printing solutions. This transaction marks a significant milestone in Label Source's continual growth strategy.
Founded in 1981 and based in Flowery Branch, GA, USA, Allied Label Printing Systems brings a tradition of excellence and a loyal customer base to the Label Source family. The acquisition will further enhance Label Source’s ability to meet the evolving needs of clients and navigate the dynamic landscape of the labeling industry.
"We are excited to welcome Allied Label Printing Systems into the Label Source family," says Christopher Geeslin, Jr., president at Label Source. "This acquisition represents a significant step forward in our growth strategy and strengthens our position as a leader in the labeling industry. We are confident that this combination will create meaningful value for our customers, employees, and stakeholders.”
1. US beverage makers switching to rPET bottles
2. Label Source acquires Allied Label Printing Systems
3. Finland strike closes ports for two weeks
4. Fujifilm files patent infringement lawsuit against Kodak
5. Label King achieves ISO 9001:2015 certification