Some very well-known plastics companies are reaching beyond polymers for future growth.
Let's start with a global giant. Amcor Ltd. is launching a paper-based brand for the snack and candy market in Europe. LifeSpan Performance Paper offers high oxygen and moisture barrier performance and is expected to appear in European stores later this year, our sister paper Sustainable Plastics writes.
More than 80 percent of LifeSpan products' content is recovered in the recycling process, Amcor says. It will be the first new product launched as part of Australia-based Amcor's global AmFiber platform, which the company unveiled at the end of January.
LifeSpan is expected to be extended into packaging for drink powders, coffee, seasoning and soups for the Americas and Asia-Pacific regions, Amcor says.
The move comes as more companies look to cash in on brands' interest in moving away from plastic packaging. Footprint International Holdco Inc., with corporate offices in Los Angeles and Arizona, is planning to go public on NASDAQ to help finance its paper products aiming to replace plastic packaging.