7 Mar 2024
Mondi’s Advantage StretchWrap clinches Fastmarkets PPI Product Innovation Award for revolutionising pallet wrapping
- The Fastmarkets PPI Awards honours paper and pulp businesses that develop groundbreaking, commercially viable products.
- Mondi's Advantage StretchWrap is designed to wrap pallets for transport.
- This innovative paper solution replaces the plastic stretch wrap which is currently the industry standard for pallet wrapping.
7 March 2024 – Mondi, a global leader in sustainable packaging and paper, has been awarded the coveted Fastmarkets PPI Award in the Product Innovation category for its Advantage StretchWrap for pallet wrapping. The Fastmarkets Forest Products PPI Awards are the only global awards dedicated to recognising the achievements of companies, mills and individuals in the pulp and paper sector.
Advantage StretchWrap is a recyclable kraft paper that is made from responsibly sourced materials. Mondi developed it to stretch and resist punctures, making it ideal for replacing the plastic stretch film that has traditionally been used for pallet wrapping and transportation. Advantage StretchWrap has 62% lower greenhouse gas (GHG) emissions when compared to virgin plastic stretch film, and 49% lower GHG emissions when compared to plastic film made with 50% recycled content, according to a peer-reviewed independent life cycle assessment[1].
The Product Innovation Award is presented to companies that demonstrate how a newly developed product solves an existing need or problem. Mondi’s Advantage StretchWrap which is 100% kraft paper, delivers excellent protection for palletised goods due to high strength, puncture resistance and tension absorption.
Bartosz Babicz, Product Manager Advantage StretchWrap, Mondi adds: “Winning the Fastmarkets PPI Product Innovation Award for the second year in a row reflects the hard work and innovation our team has put into creating sustainable packaging solutions. It shows that our efforts to develop a more sustainable alternative to plastic wrap are making a difference. We're proud of our work and motivated to keep innovating.”
The award ceremony took place in the city of Istanbul, Turkey, on 5 March 2024.
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About Mondi
Mondi is a global leader in packaging and paper, contributing to a better world by producing products that are sustainable by design. We employ 22,000 people in more than 30 countries and operate an integrated business with expertise spanning the entire value chain, enabling us to offer our customers a broad range of innovative solutions for consumer and industrial end-use applications. Sustainability is at the centre of our strategy, with our ambitious commitments to 2030 focused on circular driven solutions, created by empowered people, taking action on climate.
In 2023, Mondi had revenues of €7.3 billion and underlying EBITDA of €1.2 billion. Mondi has a premium listing on the London Stock Exchange (MNDI), where the Group is a FTSE100 constituent, and also has a secondary listing on the JSE Limited (MNP).
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Mondi’s Advantage StretchWrap clinches Fastmarkets PPI Product Innovation Award for revolutionising pallet wrapping. (Photo: Mondi, PR281)
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