• Market Insights

Packaging Market Insight

The S&P 500 Paper & Plastic Packaging Products & Materials index decreased by 14.2% year-on-year (Aug 2022/’23), reaching USD 243.9. The negative development of packaging industry in 2023 is mainly driven by weak demand, oversupply & overstocking, macro-environmental factors (i.e. legal & regulatory requirements, inflation & energy prices, the conflict in Ukraine) and industry specific challenges (i.e. supply issues with aluminum foil). Despite the current challenges, medium-term growth is expected at a CAGR of around 4 % through 2028.

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