DS Smith Shared Robust Growth Forecast in OCC Demand

SEATTLE (Scrap Monster): European packaging leader DS Smith shared forecasts for growth in corrugated packaging demand. The company also unveiled plans for further expansion in North American market. Furthermore, the company highlighted the impacts of Chinese import ban on the global OCC market.

According to Toby Earnest, director of recycling at DS Smith North America, the pandemic had led to creation of volatility in the global recovered fibers market. Several sectors including industrial, commercial, hospitality and restaurant were the most badly hit. The pandemic-related uncertainties accelerated the shift to on-line shopping, which in turn has resulted in ending up of such packages in residential sector. The company’s stepped-up recycling operations in North American plants have captured a portion of those recovered fibers.

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The packaging market as a whole is expected to grow by 3.3% in 2021, with the U.S. market poised to account for a large percentage of that growth. It is on these grounds that the company intends to grow in the U.S. market. In fact, the company has evolved well over the recent times of difficulties and is now well within the market.

Also, the OCC demand is expected to increase worldwide every year through 2025, said DS Smith.