Semiconductor shortage expected to crimp levels through 2023

Rising manufacturing activity, higher utilization rates to support growth

Declining reserves, competition from recycled and imported products to hamper stronger growth

Gains in e-commerce, grocery, carryout set to boost value growth

Sales of higher value products offering automated controls, energy efficiency to further boost

Faster growth will be moderated by shift back to foodservice sales

Demand set to fall in unit terms from 2020 pandemic-driven high base

High building costs to weigh on faster gains

Trends toward monomaterial packaging to further spur growth

Preference among aging individuals to remain at home for care to underlie expansion