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10 Best Packaging Stocks To Buy Now
In this article we discuss the 10 best packaging stocks to buy now. Packaging companies are experiencing a strong growth on the back of the e-commerce boom following the coronavirus pandemic. Analysts think that the packaging industry will see innovation and growth in 2021 and beyond. To skip our investment thesis and reasons to invest in packaging stocks, click to read
The packaging industry has a robust and long-term growth potential as its applications are widespread and evergreen. According to consultancy firm Smithers, packaging demand is expected to grow 2.8% to reach $1.05 trillion in 2024. Almost all essential and non-essential industries need some sort of packaging. The demand of packaging products is growing in lucrative domains like food, beverages, cosmetics, personal care, healthcare, industrial items and household products. The industry is usually segmented by the type of material, such as paper, plastic, glass and metal.