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NEW YORK, May 18, 2021 /PRNewswire/ The global agricultural films market is expected to grow by USD 3.05 billion, according to Technavio. This marks a significant market slow down due to the impact of the COVID-19 pandemic in the first half of 2021. However, healthy growth is expected to continue throughout the forecast period, and the market is expected to grow at a CAGR of almost 6%.
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Technavio has announced its latest market research report titled Agricultural Films Market by Application, Raw Material, and Geography - Forecast and Analysis 2021-2025
Wicketed Bags Market: Overview
Wicketed bags find application in a wide range of end-user industries such as textile, pharmaceutical, and food industry across the globe. Over the period of past few years, there is considerable growth in demand for transparent and flexible packaging. This is one of the key factors generating lucrative avenues in the global wicketed bags market.
According to the analysts at Transparency Market Research (TMR), the global wicketed bags market is likely to expand at a promising CAGR of 4.8% during the assessment period 2020 –2028.
The retail & consumer segment of the market is expected to offer prodigious growth avenues of over US$ 518 Mn during 2020 to 2028.
Operator
Good day and thank you for standing by. Welcome to the Berry Global Earnings Call. At this time, all participants are in a listen-only mode. After the speakers presentation there will be a question-and-answer session. [Operator Instructions] Please be advised that today s conference is being recorded. [Operator Instructions]
I would now like to hand the conference over to your speaker today, Mr. Stilwell. Please go ahead.
Dustin Stilwell
Head of Investor Relations
Thank you. Good morning, everyone. Welcome to Berry s Second Fiscal Quarter 2021 Earnings Call. Throughout this call, we will refer to the second fiscal quarter as the March 2021 quarter.
Berry Global: Fiscal Q2 Earnings Snapshot
May 4, 2021
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EVANSVILLE, Ind. (AP) Berry Global Group Inc. (BERY) on Tuesday reported fiscal second-quarter net income of $181 million.
On a per-share basis, the Evansville, Indiana-based company said it had net income of $1.32. Earnings, adjusted for one-time gains and costs, came to $1.59 per share.
The results topped Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $1.31 per share.
The packaging company posted revenue of $3.37 billion in the period, also beating Street forecasts. Six analysts surveyed by Zacks expected $3.17 billion.
Berry Global shares have risen 14% since the beginning of the year. The stock has risen 56% in the last 12 months.
Company Profile
Berry Global Group Inc manufactures and sells plastic packaging products in three segments based on the product type. The consumer packaging segment, which generates the most revenue of any segment, sells containers, plastic drink cups, prescription vials, and printed bags for food products. The health, hygiene and specialities segment sells baby diapers, feminine hygiene products, and substrates for dryer sheets. The engineered materials segment sells tapes, retail trash bags, plastic films used to wrap meat, and shrink films. The majority of revenue comes from North America.