06 May 2024 --- Attacks on shipping vessels in the Red Sea are raising flexible packaging prices, according to analysts. Plastic and metal material prices have surged as much as 27% and 57% higher than at the beginning of 2020, with plastics particularly impacted. While the paper industry has yet to be hit, pulp prices are now also expected to rise. Houthi militants continue their campaign of hijacking and assaulting cargo moving toward and around the Suez Canal, in the Red Sea, Gulf of Aden and Indian Ocean, in what they say are anti-Israeli actions meant to pressure a ceasefire in Gaza.
