In an attempt to develop sustainable packaging solutions, Nestlé will invest up to CHF 2 billion (a little more than $2 billion) into the process. Nestlé, which set a goal in 2018 of making all its packaging recyclable or reusable by 2025, will lead a shift from virgin plastics to food-grade recycled plastics. The Swiss-based company, which says packaging is a major factor in assuring food quality and safety, notes there is a limited supply of food-grade recycled plastics.
“To create a market, Nestlé is....