Packaging Industry ‘Susceptible, But Not Immune’ To COVID-19 Disruptions: Moody’s
A new report by Moody’s has found that the packaging sector in Europe by and large has had low exposure to the COVID-19 pandemic, although some companies are more vulnerable than others.
According to the report, most the the aggregate revenue of the 15 European non-paper packaging companies that are rated by Moody’s is generated from the food, beverage and pharmaceutical end markets, which are ‘demonstrating resilience’ in the current pandemic situation.
However, it said that companies that produce packaging for the cosmetics industry or other ‘heavily-affected’ sectors, such as hospitality and travel, could ‘experience significant volume declines’ in these segments, while the prospect of a global recession could also weigh on these sectors.
Overall, Moody’s said that it expects a 5% decline in the aggregate EBITDA for the sector in 2020, but is expecting a ‘rebound’ next year.
ESM
Related news
The National Association of Packaging and Material Handling celebrates its 35th anniversary
🎧 Hallgasd a cikket: Lejátszás Szünet Folytatás Leállítás Nyelv: Auto…
Read more >It’s not size that matters, it’s partnership: at Dunapack, even small customers receive great attention
🎧 Hallgasd a cikket: Lejátszás Szünet Folytatás Leállítás Nyelv: Auto…
Read more >Sustainable growth: global corrugated board market could rise to over $206 billion by 2032
🎧 Hallgasd a cikket: Lejátszás Szünet Folytatás Leállítás Nyelv: Auto…
Read more >Related news
Euroshop is 60 years old
🎧 Hallgasd a cikket: Lejátszás Szünet Folytatás Leállítás Nyelv: Auto…
Read more >TECHXPO 2025: Budapest will once again host the largest innovation and technology summit in Central Europe
🎧 Hallgasd a cikket: Lejátszás Szünet Folytatás Leállítás Nyelv: Auto…
Read more >AgriTech InnoExpo 2025 – where innovation meets nature
🎧 Hallgasd a cikket: Lejátszás Szünet Folytatás Leállítás Nyelv: Auto…
Read more >

