The cost of plastics, aluminium, paper and liquids materials used in flexible packaging reached new, record levels in the first quarter of 2022, maintaining the strong upward surge in prices seen throughout 2021, according to Flexible Packaging Europe (FPE). Continued pressure from soaring energy costs, as well as other external factors, means the dramatic increases seen in the last half of 2021 have now been exceeded.
The Chemical Strategy for Sustainability (CSS) envisions better coordination and distribution of tasks between EU agencies like EFSA and ECHA concerning the hazard and risk assessment of substances. This translates in the aspirational approach of ‘one-substance, one-hazard-assessment’ (OSOA) followed by a tailored risk assessment as suggested by various stakeholders of the packaging value chain.
Energy and raw material prices were already on very high level but surged even .further after the beginning of the war in Ukraine. Those increases combined with availability issues have serious financial impacts on the flexible packaging supply chain
The prices of materials often used for flexible packaging continued to accelerate in the final quarter of 2021, due mainly to the spike in energy costs, which began to increase dramatically after August, according to Flexible Packaging Europe (FPE). On-going shortages of some raw materials and supply chain disruption also continue to have an impact on availability and costs.
Several organisations representing the flexible packaging value chain in Europe call upon European legislators to provide a progressive and forward-looking definition of packaging recyclability, befitting of a circular economy for all categories of packaging formats and materials.
Raw material price inflation continues to have a major impact for the flexible packaging industry, although the rate of increase eased slightly in Q3 compared with the unprecedented levels seen in the previous three months.