Since last year, the packaging industry has been under pressure as slowing consumer spending due to macroeconomic challenges, such as high inflation and rising interest rates, impacted demand. However, the packaging industry is expected to grow significantly thanks to increasing demand in end markets like e-commerce, food delivery, and healthcare.
Therefore, it could be wise to buy fundamentally strong packing stocks Smurfit Kappa Group Plc (SMFKY), Greif, Inc. (GEF), and Karat Packaging Inc. (KRT).
