❗️Paper packaging demand surges as war on Iran disrupts plastic supply – The Cradle
❗️Paper packaging demand surges as war on Iran disrupts plastic supply
An “eco-friendly” line of paper tubes and pouches promoted by Yonwoo, a South Korean cosmetics packaging manufacturer, has unexpectedly benefited from the war on Iran, which has interrupted the supply of plastic used for single-use packaging.
As the war has driven plastic prices up to around four-year highs by restricting the flow of essential oil- and petrochemical-based raw materials, the company reports that inquiries for paper alternatives have tripled.
“Interest initially came from companies focused on sustainability … but if the plastics issue gets prolonged we expect demand to further increase,” said Kim Min-sang, a senior manager at parent Kolmar Korea.
The supplier to major companies such as France’s L’Oreal has mostly received inquiries about paper tubes for products like sunscreen and lotions, which require only 20% of the plastic used in traditional packaging, Kim told Reuters.
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