Zacks Industry Outlook Highlights International Paper, Smurfit Kappa Group, WestRock and Sappi
Nasdaq For Immediate Release
Chicago, IL September 6, 2023 Today, Zacks Equity Research discusses International Paper Co. IP, Smurfit Kappa Group plc SMFKY, WestRock Co. WRK and Sappi SPPJY.
Industry: Paper Products
Link: https://www.zacks.com/commentary/2144879/4-paper-and-related-products-stocks-countering-industry-headwinds
Of late, the Zacks Paper and Related Products industry has been impacted by weak packaging demand, as customer spending has been muted due to inflationary pressures. Nevertheless, increasing packaging requirements due to the rising trend in e-commerce activities and steady demand from consumer-oriented end markets, such as food and beverages and healthcare, will support the industry. The growing preference for paper as a sustainable and eco-friendly packaging option due to environmental concerns will act as a key driver for the industry.
Players like International Paper Co., Smurfit Kappa Group plc, WestRock Co. and Sappi are likely to gain from the above-mentioned trends.