Volumes in 2025 set to fall below pandemic-induced lows of 2020, in spite of near-term upticks

High rate of COVID-19 vaccination among elderly to support facility occupancy

Industry set for recovery after pandemic-induced contraction in 2020

Longer term recovery expected as business and recreation travel resume

Faster gains restrained by market maturity, substitution of legacy communication services

Ferrous metals expected to outperform nonferrous

Demand set to rebound 13% in 2021 following pandemic lows

Recovery from depressed pandemic levels in 2020 to account for majority of gains

Revenue growth expected to return to longer term trend as pandemic travel restrictions are lifted

Suppliers investing in reformulations, healthier varieties to support demand