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ACOR is calling on the Government to urgently introduce packaging reforms or risk the collapse of Australia’s plastic recycling sector and face millions of tonnes of plastic waste polluting the environment.

As 2025 draws to a close, it is clear the packaging sector has undergone one of its most consequential years in over a decade. Consolidation at the top, restructuring in the middle, and bold innovation at the edges have reshaped the industry’s horizons. At the same time, regulators, brand owners and recyclers have inched closer to a new circular operating model, even as policy clarity remains elusive.

Pact has reported a decline in revenue and earnings for the first five months of FY26, citing subdued market demand, as chair Raphael Geminder pursues settlement of the long-running TIC earn-out dispute.

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Food & Drink Business

The federal government has established a new Trade Diversification Network, consisting of 40 peak industry bodies, as part of its $50 million Accessing New Markets Initiative. The member groups will work with government to support global diversification for exporters.

Leading contract manufacturer, Hitex Confectionery, has appointed Darren Butler as its new CEO, aiming to propel a new stage of expansion following two years of transformation.

Queensland’s not-for-profit container management organisation, Container Exchange (COEX), has appointed Trevor Evans as interim chief executive officer, as the government finalises its response to troubling inquiry.