Market trends

The cold-chain logistics company is now developing a commercial product from the lab material for temperature-critical storage and transport applications.

The expanded partnership highlights packaging education’s rising importance in Asia-Pacific, a market projected to grow from US$327.6B in 2024 to US$393.4B by 2029.

The joint venture will integrate packaging into its manufacturing, handling local labelling, artwork, and pack variants to meet tender specifications.

In fiscal 2025, the company posted revenue of ₹411.82 crore (US$4.9M), pro forma EBITDA of ₹87.93 crore (US$1.05M), and PAT of ₹50.99 crore (US$0.61M).

The facility’s AI-driven optical sorting has boosted performance, recycling EBITDA grew 22% in 2025, even as commodity prices fell 20%.

The EMEA price adjustment mirrors broader input-cost inflation in packaging, manufacturers are passing on increases to protect margins amid supply disruptions and persistent price pressures.

The bonus issue is expected to be implemented within two months of the board meeting, pending shareholder approval.

EMEA carton and closure revenue rose 7.9% year-over-year, driven by Pure-Pak UHT dairy growth and Roll Fed expansion across Central and Eastern Europe.

The potential divestment follows Ardagh Group’s November restructuring, bondholders took control in a recapitalisation that converted US$4.2B of debt to equity and injected US$1.5B in fresh capital.

TERI’s urban assessment found that only 5–6% of used beverage cartons in the studied cities reach landfills; the rest flows into formal and informal collection systems.