North America

The raging new crown epidemic and a series of stimulus plans issued by the federal government under this circumstance have promoted people’s consumption and purchases, resulting in a substantial increase in consumption power. Under the prospect of inflation, the strong momentum of demand cannot be sustained, favorable market conditions will increase investment in new supply, and cross-border e-commerce will become a direction for people to consider.

Latin America

The economic reopening trend is positive and export-oriented packaging production is expected to grow, but domestic demand trends have slowed as low- and middle-income consumers face inflation and rising unemployment, affecting the economic recovery. In addition, both raw and recycled capacity are increasing in Brazil and Mexico, which is a good sign.

Europe

The demand for paper packaging in the European market is still strong, but the growth rate has slowed down. The procurement of various festivals in the second half of 2022 will further increase the demand, but it will tend to the average level in the future.

Demand for container board lagged behind virgin container board and kraft , but the market will remain tight due to increased capacity, except for recycled container board.

Asia

After the epidemic, the economy resumed growth, of which e-commerce is still the main sector, and after the emergence of environmental protection policies, the replacement of plastics will further promote healthy economic growth. But that recovery will be slowed by China’s strict lockdown, with regional growth expected to be limited until stronger support in 2023.