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Prices of flexible packaging materials in Europe steady on high levels in Q4 2023

Although destocking ends in Q4 2023 demand is stabilising in 2024. The final three
months of 2023 saw a mixed set of results in prices for the basket of flexible packaging
materials used to assess markets across Europe.

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Council sets ambitious targets for recycling at scale of flexible packaging but fails ensuring enabling conditions

Today, the Environment Council voted on a General Approach on the Packaging and Packaging Waste Regulation (PPWR) proposal. “After the vote in the European Parliament, we are glad to see the file making concrete progress also in the Council” states Guido Aufdemkamp, Executive Director of Flexible Packaging Europe.

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European Parliament improves rules on packaging recyclability but takes a risky bet on recycled plastic content

Today, the European Parliament adopted its negotiating position on the Commission proposal for a Regulation on Packaging and Packaging Waste (PPWR). “This represents an important and long-awaited step forward in the legislative process which gets us closer to finalizing a text that will change the future of the way we package products for decades to come” states Guido Aufdemkamp, Executive Director of Flexible Packaging Europe.

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Prices for Flexible Packaging materials have passed their peak but remain above their long-term trends

Having peaked midway through 2022 the basket of flexible packaging materials used to measure price levels have continued to decline in Q3 2023, following the trend seen in the first half of the year. While they are all still above the benchmark price set in Q4 2020 (100%) most have dropped by about 10% to 20% since the previous quarter, according to figures recently released by Flexible Packaging Europe (FPE).

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Officers re-elected to serve another term in 2023/5 at Flexible Packaging Europe

At its summer conference, held this year in Thessaloniki, the members of Flexible Packaging Europe (FPE) re-elected Jakob A. Mosser to the Chair. He was first elected in 2020. Also continuing their terms of office are Vice-Chairs Michele Guala and Michael Zacka.

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Whilst Flexible packaging material prices ease from recent highs, they remain well above 2020 levels

Following the first signs of cooling prices for flexible packaging materials seen at the end of 2022, the first quarter of 2023 saw a drop across the basket of materials, with only aluminium foil ticking up further (from 179% to 187% v Q4 2020)* due to higher conversion costs.

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