While outdoor seating has helped mitigate revenue losses caused by restrictions on dine-in foodservice during the COVID-19 pandemic to an extent, restaurants face an uncertain fall and winter.

This announcement reflects two somewhat contradictory yet American trends.

Egg cartons will continue to account for the second largest portion of molded pulp sales.

US demand for egg cartons is forecast to increase 3.6% per year to $612 million (equivalent to 4.7 billion units) in 2024.

Professional hand tool sales will, in part, be supported by an increase in the number of automotive service technicians and mechanics.

LLDPE accounted for 46% of plastic film demand in 2019 based on its low cost, versatility, and good barrier properties, and will remain the leading plastic film resin through 2024.

A Freedonia Group analysis projects the world market for turbines and related products to rise 3.2% annually to $214 billion in 2024.

Near-term weakness in construction activity due to the pandemic – particularly in the commercial segment – will continue to be offset somewhat by the ongoing surge home renovation activity.

Disinfectants and sanitizers will offer the best opportunities through 2024, driven by their use in a wide range of applications – from healthcare to foodservice to food and beverage processing.

Despite projected declines in foodservice revenues and a high number of restaurant closures in 2020, demand for single-use products will register growth due to a sharp increase in off-premise dining (e.g., delivery, drive-through, takeout).