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COVID-19 Pandemic to Open New Avenues for Global Beverage Carrier Rings Market Growth 2020 to 2030, Predicts Fact.MR

TerraCycle Include Canada (English) Hi-Cone
“Increasing consumption of beverages along with rise in the demand for canned products will drive the growth of the beverage carrier rings market over the coming period”, says a Fact.MR analyst. This press release was orginally distributed by SBWire Dublin, Ireland -- (SBWIRE) -- 11/17/2020 -- The beverage carrier rings market is projected to exhibit a very promising 6.6% CAGR during the forecast years from 2020 to 2030. The covid-19 pandemic has had an adverse impact on the industry. Food and beverage companies are witnessing reduced consumption in out-of-home settings, with foodservice businesses having to temporarily halt operations. Also, environmental concerns associated with conventional beverage carrier rings will restrain prospects in the years ahead. "New variants of beverage carrier rings are designed to enable automatic positioning of containers to ensure that brand prints are presented optimally. Also, the industry is witnessing the introduction of photodegradable, non-toxic, and sustainable material which will drive demand in the long term," says the Fact.MR report. Request a sample of the report to gain more market insights at: https://www.factmr.com/connectus/sample?flag=S&rep_id=5027 Beverage Carrier Rings Market - Takeaways 4-pack variants of beverage carrier rings are witnessing increased adoption over cost benefits to producers and beverage consumers, particularly in the case of alcoholic drinks. Plastic remains the predominant material for the production of beverage carrier rings. However, these products are witnessing a gradual decline in market share to cardboard and fiber alternatives. Beverage ring packaging is largely used for alcohol drinks, particularly the vast range of beers in cans and bottle packaging options. North America is a key market for beverage carrier rings boosted by demand in a massive, matured food and beverage processing sector in the United States. Beverage Carrier Rings Market - Drivers Mass production of alcoholic beverages including beer and wine is a major factor contributing to the adoption of beverage carrier rings. Popularity of canned beverages in comparison to bottled variants bolsters overall application. The development of board and biodegradable plastics are opening growth opportunities in the industry. Beverage Carrier Rings Market - Constraints Strict regulations against single use plastics has been a major challenge for manufacturers to operate at a large scale. Inadequate infrastructure for recycling in many parts of the world is detrimental to the industry. Anticipated Market Impact by Coronavirus Outbreak The coronavirus outbreak has had a detrimental impact on the beverage carrier rings market. The widespread shut downs of food service businesses such as restaurants and bars has reduced the demand for varied beverages, which has limited the demand for carrier rings. On the other hand, there has been an increase in sales for e-commerce and liquor retail, which has helped to partially offset losses during the pandemic. The use of beverage carrier rings for RTD and non-alcoholic drink producers is expected to rise strongly on the back of health awareness, and increasing popularity of local products. Also, the growing consumer bias for sustainability will generate opportunities to use alternatively materials in production. Demand is likely to recover towards 2021, as consumers continue to seek premium beverages and higher convenience. For More Detailed Information about Methodology @ https://www.factmr.com/connectus/sample?flag=RM&rep_id=5027 Competition Landscape Major manufacturers in the beverage carrier rings market include but are not limited to Miller Coors, PakTech, Graphic Packaging, E6PR, Roberts Poly, Hi-Cone, Footprint, West Rock, Lucky Clover Packaging, Grip Pak, BevSource, Lawson Kegs, American Canning, and Pak-It-Products. Major manufacturers in the beverage carrier rings market are displaying high interest in industry collaborations towards product development endeavors. Also, efforts towards sustainability and recycling are expected to gain ground for the duration of the forecast period. For example, Hi-Cone has launched the new RingCycle - multi-packaging solution, which has been developed with more than 50% of post-consumer recycled content. The company has also partnered with Terracycle to launch the very first recycling scheme for plastic beverage ring carriers through direct collection or through freepost. Also, Corona, the beer brand has initiated a pilot project for six pack rings, developed from biodegradable fiber material, for Mexico, and a plan for the UK in the works. More on the Report Fact.MR's market research report provides comprehensive insights on beverage carrier rings market. The market is divided by type (4-pack rings, 6-pack rings, and 8-pack rings), material (plastic, fiber, and cardboard), and application (alcohol, soft drinks, juice, and others) across six key regions (North America, Latin America, Europe, East Asia, South Asia & Oceania, Middle East and Africa).
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COVID-19 Pandemic to Open New Avenues for Global Beverage Carrier Rings Market Growth 2020 to 2030, Predicts Fact.MR

TerraCycle Include Canada (English) Hi-Cone
“Increasing consumption of beverages along with rise in the demand for canned products will drive the growth of the beverage carrier rings market over the coming period”, says a Fact.MR analyst. This press release was orginally distributed by SBWire Dublin, Ireland -- (SBWIRE) -- 11/17/2020 -- The beverage carrier rings market is projected to exhibit a very promising 6.6% CAGR during the forecast years from 2020 to 2030. The covid-19 pandemic has had an adverse impact on the industry. Food and beverage companies are witnessing reduced consumption in out-of-home settings, with foodservice businesses having to temporarily halt operations. Also, environmental concerns associated with conventional beverage carrier rings will restrain prospects in the years ahead. "New variants of beverage carrier rings are designed to enable automatic positioning of containers to ensure that brand prints are presented optimally. Also, the industry is witnessing the introduction of photodegradable, non-toxic, and sustainable material which will drive demand in the long term," says the Fact.MR report. Request a sample of the report to gain more market insights at: https://www.factmr.com/connectus/sample?flag=S&rep_id=5027 Beverage Carrier Rings Market - Takeaways 4-pack variants of beverage carrier rings are witnessing increased adoption over cost benefits to producers and beverage consumers, particularly in the case of alcoholic drinks. Plastic remains the predominant material for the production of beverage carrier rings. However, these products are witnessing a gradual decline in market share to cardboard and fiber alternatives. Beverage ring packaging is largely used for alcohol drinks, particularly the vast range of beers in cans and bottle packaging options. North America is a key market for beverage carrier rings boosted by demand in a massive, matured food and beverage processing sector in the United States. Beverage Carrier Rings Market - Drivers Mass production of alcoholic beverages including beer and wine is a major factor contributing to the adoption of beverage carrier rings. Popularity of canned beverages in comparison to bottled variants bolsters overall application. The development of board and biodegradable plastics are opening growth opportunities in the industry. Beverage Carrier Rings Market - Constraints Strict regulations against single use plastics has been a major challenge for manufacturers to operate at a large scale. Inadequate infrastructure for recycling in many parts of the world is detrimental to the industry. Anticipated Market Impact by Coronavirus Outbreak The coronavirus outbreak has had a detrimental impact on the beverage carrier rings market. The widespread shut downs of food service businesses such as restaurants and bars has reduced the demand for varied beverages, which has limited the demand for carrier rings. On the other hand, there has been an increase in sales for e-commerce and liquor retail, which has helped to partially offset losses during the pandemic. The use of beverage carrier rings for RTD and non-alcoholic drink producers is expected to rise strongly on the back of health awareness, and increasing popularity of local products. Also, the growing consumer bias for sustainability will generate opportunities to use alternatively materials in production. Demand is likely to recover towards 2021, as consumers continue to seek premium beverages and higher convenience. For More Detailed Information about Methodology @ https://www.factmr.com/connectus/sample?flag=RM&rep_id=5027 Competition Landscape Major manufacturers in the beverage carrier rings market include but are not limited to Miller Coors, PakTech, Graphic Packaging, E6PR, Roberts Poly, Hi-Cone, Footprint, West Rock, Lucky Clover Packaging, Grip Pak, BevSource, Lawson Kegs, American Canning, and Pak-It-Products. Major manufacturers in the beverage carrier rings market are displaying high interest in industry collaborations towards product development endeavors. Also, efforts towards sustainability and recycling are expected to gain ground for the duration of the forecast period. For example, Hi-Cone has launched the new RingCycle - multi-packaging solution, which has been developed with more than 50% of post-consumer recycled content. The company has also partnered with Terracycle to launch the very first recycling scheme for plastic beverage ring carriers through direct collection or through freepost. Also, Corona, the beer brand has initiated a pilot project for six pack rings, developed from biodegradable fiber material, for Mexico, and a plan for the UK in the works. More on the Report Fact.MR's market research report provides comprehensive insights on beverage carrier rings market. The market is divided by type (4-pack rings, 6-pack rings, and 8-pack rings), material (plastic, fiber, and cardboard), and application (alcohol, soft drinks, juice, and others) across six key regions (North America, Latin America, Europe, East Asia, South Asia & Oceania, Middle East and Africa).
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How a partnership created a ring carrier recycling program

TerraCycle Include USA Hi-Cone
Plastics reclaimer Avangard Innovative will sell millions of pounds of PCR each year to six-pack carrier manufacturer Hi-Cone Worldwide, as the companies expand their existing business relationship.   The two companies recently announced they launched a ring carrier recycling program, though which consumers will be able to return used LDPE six-pack ring carriers to participating stores or mail them straight to Avangard Innovative. Avangard will recycle the plastic and sell PCR to Hi-Cone for use in 50%-recycled-content carriers. “This is really a reflection of what the market is pulling for,” said Shawn Welch, vice president of Hi-Cone Worldwide, which is headquartered in Itasca, Ill. Based in Houston, Avangard is a PE film reclaimer and commercial waste optimization company. It has built and is scaling up a new plant in Waller, Texas, which is outside of Houston, and it plans to develop additional facilities in Mexico and Nevada. The Waller plant is at 50% capacity, and company officials are currently rolling out the next two processing lines. Earlier this year, the company signed a deal to supply PCR to Dow, which will blend the pellets with virgin plastic for sale into film and other markets. In January, Avangard first announced that its wholly owned recycled-resin-producing subsidiary, Natura PCR, will supply recycled pellets to Hi-Cone. The PCR will be used to make RingCycles brand ring carriers, which have 50% recycled content. The latest initiative includes a new collection effort. Stores that currently collect used PE film and supply it to Avangard will begin informing consumers that they can also drop their used LDPE drink carriers in the film collection boxes. Additionally, Hi-Cone is funding a postage-paid mail-back program through which consumers can ship rings directly to Avangard’s Waller processing facility, according to a press release.

Key ingredient in the recipe

Rick Perez, CEO of Avangard Innovative, said his company wants the LDPE ring carriers, which are important ingredients in the company’s “recipe” to make high-quality PCR. According to Hi-Cone, for over 20 years, all ring carriers sold in the U.S. are required to be degradable when exposed to UV light. The federal requirement was established to address concerns about marine animals getting caught in six-pack rings. Hi-Cone’s ring carriers are made with a photodegradable PE copolymer. When asked about whether the degradable plastic causes concerns over the quality of Natura PCR’s pellets, Perez said it doesn’t. That’s because the ring carrier LDPE is blended with other scrap plastic sources – essentially diluting it – and the final pellets aren’t generally going into durable products with 25-year lifetimes anyway. Welch and Perez said they didn’t have projections for how much ring carrier material will be returned through U.S. stores and the mail. Welch said his company launched a similar program in Europe through a partnership with TerraCycle, which provides mail-back recycling options for a variety of products. In that program, 650 ring carrier collection points were set up. In the past three months, the company has collected over 78,000 carriers. If that’s an indicator of the U.S. program performance, then it’s promising, Welch said. Perez said he believes the weight returned in the U.S. will exceed the European program, because the retail collection infrastructure has already been set up. The new program just involved educating the “environmental partners,” or Avangard’s scrap material suppliers, and getting the word out to consumers.
Finished pellets at Avangard Innovative.

Avangard’s process blends ring carrier LDPE with other scrap plastic sources to create PCR pellets.

Recycled-content carriers

In its manufacturing, Hi-Cone mixes the PCR with virgin plastic, melts and extrudes the PE into sheets, and then punches out the ring carriers. Sometimes pellet blending is performed by an outside compounder, and sometimes Hi-Cone does it. Welch said the company is working to transition all of its carriers to using recycled plastic. That transition is well underway in Europe and will be completed by the end of the year. Starting later this year and early next year, Hi-Cone will begin transitioning additional products in the U.S. and Mexico to recycled plastic, Welch said. The U.S. and Mexico switch could be finished by the middle of the third quarter of 2021. After Hi-Cone transitions all of its worldwide product lines to using PCR, the company will consume an estimated 20 million pounds of PCR per year, according to Hi-Cone. Additionally, Hi-Cone wants to boost the recycled-content percentage, hopefully to 100%, if the company can make it work, Welch said. When asked about the cost of PCR versus virgin plastic, Welch said Hi-Cone is absorbing any variability in cost. Sometimes, recycled plastic will be significantly more expensive than virgin, but in this case the difference is not so significant that Hi-Cone has to pass it down to its customers, he said. Perez said manufacturing plants typically resist change, because new variables can cause problems. So it takes companies like Hi-Cone to be pioneers in using recycled plastic, he said. Welch said it’s an exciting time for people in the supply chain to come together to drive a recycling solution. “We’re excited about this partnership,” he said. “We can’t do it by ourselves.”
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Avangard, Hi-Cone partner in ring carrier recycling program

TerraCycle Include USA Hi-Cone
The new RingRecycleMe recycling program ensures consumers can recycle plastic ring carriers.   image.png   Avangard Innovative, a plastics recycler based in Houston, has partnered with Hi-Cone Worldwide, supplier of ring carrier multipackaging systems based in Itasca, Illinois, to launch RingRecycleMe, a program for recycling Hi-Cone’s plastic ring carriers for beverages, which are made of low-density polyethylene (LDPE). Hi-Cone says RingRecycleMe is a free recycling program to ensure that consumers can recycle their ring carriers through RingRecycleMe.com or by dropping them off at participating retail locations later this year. Through the partnership, Avangard will supply postconsumer recycled resin (PCR) pellets from its NaturaPCR recycling facilities to Hi-Cone for the production of its redesigned RingCycles packaging. Hi-Cone says this process reduces the use of virgin plastic in half.
Shawn Welch, vice president of Hi-Cone Worldwide, says current U.S. curbside recycling programs seldom accept LDPE and ways to process that material. “We were looking for solutions that would provide us with postconsumer recycled content,” Welch says of the partnership with Avangard for RingRecycleMe. “We had to connect with a recycler, and we said we’d be in the market for buying recycled content. Avangard saw an opportunity to corner this market with us, knowing they had a customer like Hi-Cone would be in need of this content over a longer period of time. We’re partnering to make an investment to expand into the postconsumer plastics space.” Welch adds that Hi-Cone surveyed its consumers and learned that 91 percent find plastic recycling to be beneficial. “We know that a market is out there; our customers appreciate this effort. We want to be sure we’re providing yet another channel by which consumers can get plastic rings back to us to put in product.” The company adds that its plastic ring carriers are an alternative to paperboard that were developed in the 1960s to prevent deforestation. Hi-Cone is currently working on a sustainable solution for its ring carriers that is 100 percent recyclable, biodegradable or compostable by 2025. “We are excited to be a part of the RingRecycleMe initiative in partnership with Hi-Cone, as we both share a commitment to keeping plastic and other recyclables out of landfills and the environment,” says Rick Perez, CEO of Avangard Innovative. “Our participation leverages proprietary technology to measure, manage and monetize retailers’ sustainability programs, maximizing the volume of ring carriers and other LDPE plastics reclaimed, recycled, and transformed into postconsumer resin (PCR). By using the PCR pellets to manufacture new ring carriers, Hi-Cone and Avangard Innovative will effectively create a circular economy solution.” “Our partnership with Avangard Innovative is important to Hi-Cone because we’re working together to transform our product portfolio and build a circular economy for plastic so that this material does not become waste,” Welch says. “At the same time, with the launch of our RingRecycleMe initiative, we’re giving consumers the resources and confidence that their ring carriers will be recycled and reused over and over again to cut plastic production during this pandemic. We see this as a positive step in the right direction.” Hi-Cone also partners with organizations around the world including the Ocean Conservancy and TerraCycle and is part of the Ellen MacArthur Foundation New Plastic Economy Global Commitment to advance the circular economy and keep plastics in use as a valuable resource. In Europe, Welch says Hi-Cone is currently working with TerraCycle, Trenton, New Jersey, to collect and recycle plastic ring carriers. He says there are about 600 collection points for ring carriers in Europe, adding that he hopes to see that kind of construct in the U.S. around the new partnership with Avangard. In addition, Hi-Cone is working to boost the amount of recycled content in its ring carriers. Welch says the company is working to use about 55 percent recycled content in its product for the European market with goals to hit that mark in the U.S. and Mexico in 2021.   image.png
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Hi-Cone Worldwide Partners with Avangard Innovative to Stem Plastic Waste

TerraCycle Include USA Hi-Cone
New RingRecycleMe Program Creates Renewable Supply for Ring Carriers Designed to Cut Plastic Production in the midst of the global pandemic
ITASCA, Ill., Aug. 17, 2020 /PRNewswire/ -- Today a new sustainability milestone has been reached in the multi-packaging industry with Hi-Cone Worldwide, the leading supplier of multi-packaging solutions for global beer, soft drink, and general product industries, and the launch of its RingRecycleMe program in partnership with Avangard Innovative, the worldwide leader in #4 LDPE plastic recycling. The two companies join forces to address the current plastic waste crisis through a circular approach that keeps ring carriers in a recycled production loop, and out of landfills and the environment. Currently, in the U.S. and Canada, ring carriers can be recycled where #4 LDPE mixed plastics, including ring carriers, are collected. Where ring carriers are not collected today, Hi-Cone has created a free recycling program to ensure that consumers can recycle their ring carriers and give them a second life. Consumers can now send back their ring carriers through RingRecycleMe.com or by dropping them off at a participating retail location later this year. "Our partnership with Avangard Innovative is important to Hi-Cone because we're working together to transform our product portfolio and build a circular economy for plastic so that this material does not become waste," said Shawn Welch, Vice President of Hi-Cone Worldwide. "At the same time, with the launch of our RingRecycleMe initiative, we're giving consumers the resources and confidence that their ring carriers will be recycled and reused over and over again to cut plastic production during this pandemic. We see this as a positive step in the right direction." Hi-Cone's partnership with Avangard Innovative comes at a time when food delivery and the use of disposable plastics are on the rise and U.S. consumers do not understand or trust recycling. According to Hi-Cone's State of Plastic Recycling Annual Report 2020, only one in four Americans recycle all of their plastic waste. The report also highlights the desire to do more to ensure a more sustainable future. "We are excited to be a part of the RingRecycleMe initiative in partnership with Hi-Cone, as we both share a commitment to keeping plastic and other recyclables out of landfills and the environment," said Rick Perez, CEO of Avangard Innovative. "Our participation leverages proprietary technology to measure, manage, and monetize retailers' sustainability programs, maximizing the volume of ring carriers and other LDPE plastics reclaimed, recycled, and transformed into post-consumer resin. By using the PCR pellets to manufacture new ring carriers, Hi-Cone and Avangard Innovative will effectively create a circular economy solution," Perez added. The Houston-based recycling specialists for #4 LDPE or low-density polyethylene used in bags, film, and lighter plastics, Avangard Innovative will supply post-consumer recycled resin (PCR) pellets from its NaturaPCR recycling facilities to Hi-Cone for the production on its redesigned RingCycles™ packaging, which reduces the use of virgin plastic by half. Ring carriers originated as an innovative alternative to paperboard to prevent deforestation back in the 1960s. The company is currently working on a sustainable solution that is 100% recyclable, biodegradable, or compostable by 2025. In addition to partnering with Avangard Innovative and investing in next-generation solutions, Hi-Cone partners with leading organizations around the world including the Ocean Conservancy and TerraCycle® and is part of the Ellen McArthur Foundation New Plastic Economy Global Commitment to advance the circular economy and keep plastics in use as a valuable resource. About Hi-Cone Worldwide Hi-Cone is a leading supplier of ring carrier multi-packaging systems for the global Beer & Non-Alcoholic Ready to Drink (NARTD) beverage markets, providing sustainable packaging solutions to major Consumer Packaged Goods (CPG) companies. Hi-Cone has set ambitious goals to become 100% recyclable, biodegradable or compostable by 2025. We realize we cannot do this alone and need to work collaboratively with consumers, governments, and industry to meet consumer's desire to reduce their plastic use and meet the UN's 2030 Sustainable Development Goals (SDGs). For more information on Hi-Cone, please visit hi-cone.com or follow news on LinkedIn. To learn more about Hi-Cone's new recycling program, please visit RingRecycleMe.com. About Avangard Innovative Avangard Innovative is the worldwide leader in technology-driven circular economy solutions headquartered in Houston, Texas. With 30 years of experience operating in 11 countries, Avangard Innovative is the largest recycler in the Americas, offering full-service waste management and recycling optimization solutions at all levels of the process. Our proprietary technology (Sustayn Analytics™), program management & optimization (NaturaZero2.0™), and post-consumer resin manufacturing facilities (NaturaPCR™) are designed to help our clients measure, manage and monetize their sustainability programs. Avangard Innovative's mission is to preserve and protect the environment by achieving zero waste to landfill. For more information, please visit avaicg.com or follow news on Facebook @AvangardInnovative or LinkedIn @Avangard-Innovative. SOURCE Hi-Cone Worldwide
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