May 2023

The immense population density and the increased industrial activity are a few of the reasons for the high amounts of both hazardous and non-hazardous wastes. Currently only 30% of the 75% recyclable waste is being recycled. This gives the Indian waste management industry a huge potential to be tapped into.

Manufacturing paper consumes more energy and water and emits more greenhouse gases than plastics. It also contributes to deforestation, which, ironically, was a reason that plastic bags became so popular in the first place. But despite science-based evidence to the contrary, paper largely is seen by the public at large as an environmentally preferable substitute for plastics. To retain customers and attract new ones, brand owners are left to find ways to make paper perform as well as plastics, which has been a challenge. Paper straws immediately come to mind.

The acquisition of Changsung Softgel System aligns with CVC Technologies' long-term business strategies and direction, and the combination of technologies, drives, and resources will create the synergy needed to provide the best opportunities for success.

This acquisition further enhances CVC Technologies' position as a global leader in packaging machinery, including a focus on being a quality softgel encapsulation process equipment supplier.

Whether due to genuine concern for the environment or the widespread vilification of plastic among consumers, many companies have invested heavily in reducing their use of plastic packaging.

Refillable packaging is a trend that has grown strongly in the skincare market in recent years and is becoming increasingly popular with consumers looking to reduce their carbon footprint. The experience of reusing the packaging must therefore be as pleasant as possible. Albéa's Innovation and Marketing teams worked hand in hand to develop a concrete technical solution and an innovative gesture, without compromising on design.