21 Jul 2022 --- Mondi is investing nearly €65 million (US$66 million) in three flexible packaging plants in Europe to meet growing customer demand for environmentally sustainable pet food packaging. The European pet food market has grown significantly in recent years, driven by a consistent rise in pet ownership. This trend increased during the COVID-19 pandemic and is expected to continue for many years to come, says Mondi. This project is part of Mondi’s previously announced €1 billion (approximately US$1 billion) expansionary capital investment program to accelerate growth in environmentally sustainable packaging and is said to further strengthen its position in the pet food packaging market.
