Paperboard market to grow, exiting 'packaging recession': BofA

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Bank Of America Nouvelles

Forest Products Sector,Cardboard Boxes,Market Domination

Bank of America has expressed bullish optimism towards the paper and forest products sector, with analysts raising their rating to Buy across the industry...

Bank of America has expressed bullish optimism towards the paper and forest products sector, with analysts raising their rating to Buy across the industry. This positive sentiment stems from an improved outlook and favorable industry trends. BofA Securities George Staphos joins Market Domination to share his outlook on the paperboard markets.

And that data, both our survey and coming out of industry data has been pretty negative, really since the second half of 22.So that's your set up.Out of the independent box makers that we survey, we went from a 0.6% growth outlook to over 3% which in my world that's significant. But among other things, we saw a little bit of an uptick in the outlook for E commerce for the survey, based on what we're getting from an independent.And we talked about the companies that are affected.It's been probably the best performing container board company over the last two decades.

 

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