Plastic Packaging Firms' Credit Quality To Come Under Pressure: Moody's
European plastic packaging firms are likely to see their credit quality come under pressure in 2019, as efforts to reduce plastic waste are ratcheted up, a new report by Moody's Investors Service has found.
The report, Plastic waste reduction efforts will pressure packaging firms' credit quality in 2019, said that pressure to substitute other materials and focus on recycled plastic rather than virgin material will shrink the growth potential of existing plastic packaging products.
This, in turn, will leave newer, more sustainable packaging solutions to drive volume growth.
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