Food packaging is incredibly important to our day-to-day lives but pressing sustainability issues mean that alternative materials are becoming a requirement rather than an option. The next time you’re in a grocery store imagine that food packaging didn’t exist. Your bananas and oranges don’t need packages, but buying milk or flour is suddenly a whole lot more complicated. Many foods wouldn’t be available at all, because they wouldn’t remain fresh. Food packaging is extremely important to our modern lives and plays a critical role in both the safety and sustainability of our food supply. Food packaging must be a good marketer so that people want to buy the product. It must also be cost-effective. Increasingly, people demand sustainable packaging. Perhaps most importantly, packaging must be a protector, so the food remains safe.
International Paper (NYSE: IP) has purchased two state-of-the-art corrugated box plants in Spain, further growing its capabilities in Madrid and Catalonia, the largest industrial regions in the country. The terms of the transactions were not disclosed. Corrugated packaging is a strategic business for International Paper in EMEA and offers customers high-quality packaging solutions in the industrial, fresh fruit and vegetable, and e-commerce segments. The two businesses will become part of International Paper effective April 1, 2021.