The packaging industry has faced various challenges in the last year. However, the industry is positioned for future growth as consumer spending increases. Therefore, fundamentally strong packaging stocks Berry Global Group, Inc. (BERY), AptarGroup, Inc. (ATR), and Greif, Inc. (GEF) could be worth watching.
The packaging industry benefits from strong demand for food, beverage, and hygiene products, as packaging is essential to their distribution. Growing e-commerce and rising demand for sustainable and eco-friendly packaging choices due to increasing environmental concerns should benefit the industry. The industrial packaging market is expected to grow at a 7.3% CAGR until 2035.
