Apollo Global Management-owned packaging company Novolex has signed a definitive agreement with Pactiv Evergreen to merge into a combined entity in an all-cash deal valued at $6.7bn.
As sustainability becomes a central focus for the food and beverage industry, the packaging sector is under increasing pressure to transform its practices.
The global compostable packaging market size was US$ 84.1 billion in 2021. The global compostable packaging market is forecast to grow to US$ 151.04 billion by 2030 by growing at a compound annual ...