Mondi, a global provider of sustainable packaging and paper, has won the PPI Award in the Product Innovation category for its Hug&Hold packaging solution.
The Fastmarkets Forest Products PPI Awards are reportedly the only global awards dedicated to recognizing the achievements of companies, mills and individuals in the pulp and paper sector.
Hug&Hold is a paper packaging solution designed and developed to wrap and transport PET beverage bottles, replacing plastic shrink wrap. It is a recyclable 100 percent paper-based solution, comprising a kraft paper sleeve and a corrugated clip to secure the bottles and offer a comfortable handle for transportation.
The Product Innovation Award is presented to companies that demonstrate how a newly developed product solves an existing need or problem.
The award ceremony took place in the city of Prague, Czechia, on March 8, 2023.