In 2022, the Coronavirus pandemic finally started to loosen its grip on consumer spending habits as mobility shot back up. However, this good news was offset by global supply issues as many industries failed to keep pace with rising consumer demand. Russia’s invasion of Ukraine added to these stress factors and exacerbated inflationary pressures, which continue to eat into consumers’ disposable income.

So, heading into 2023, the packaging industry faces many of the same challenges as other sectors while also grappling with problems unique to packaging.