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U.S. Packaging Industry Analysis

UpdatedNov 24, 2025
DataAggregated Company Financials
Companies25
  • 7D0.9%
  • 3M-11.3%
  • 1Y-24.7%
  • YTD-16.6%

In the last week, Packaging has been flat. As for the longer term, the industry has declined 25% in the last year. Looking forward, earnings are forecast to grow by 22% annually.

Industry Valuation and Performance

Has the U.S. Packaging Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 25 Nov 2025US$147.6bUS$159.8bUS$5.7b19.4x26.1x0.9x
Thu, 23 Oct 2025US$158.9bUS$154.3bUS$5.4b21.3x29.3x1x
Sat, 20 Sep 2025US$163.4bUS$154.2bUS$5.0b21.8x32.5x1.1x
Mon, 18 Aug 2025US$162.1bUS$154.3bUS$5.1b22.1x31.6x1.1x
Wed, 16 Jul 2025US$174.5bUS$144.3bUS$6.0b26.8x29.1x1.2x
Fri, 13 Jun 2025US$165.5bUS$144.4bUS$6.0b26.3x27.5x1.1x
Sun, 11 May 2025US$159.5bUS$144.3bUS$6.0b23.1x26.5x1.1x
Tue, 08 Apr 2025US$156.5bUS$149.9bUS$6.3b21.2x24.8x1x
Thu, 06 Mar 2025US$172.1bUS$155.0bUS$6.2b22.8x27.8x1.1x
Sat, 01 Feb 2025US$175.5bUS$153.8bUS$6.1b21.7x28.7x1.1x
Mon, 30 Dec 2024US$174.3bUS$153.4bUS$5.9b22.3x29.3x1.1x
Wed, 27 Nov 2024US$188.8bUS$153.3bUS$5.9b24.6x31.8x1.2x
Fri, 25 Oct 2024US$178.8bUS$148.9bUS$6.8b24.5x26.4x1.2x
Sun, 22 Sep 2024US$177.3bUS$148.6bUS$7.0b26.2x25.3x1.2x
Tue, 20 Aug 2024US$168.3bUS$148.4bUS$7.0b22.2x24x1.1x
Thu, 18 Jul 2024US$170.0bUS$149.6bUS$6.6b21x25.8x1.1x
Sat, 15 Jun 2024US$158.3bUS$156.8bUS$6.1b22.3x26.1x1x
Mon, 13 May 2024US$159.0bUS$156.7bUS$6.1b22.3x26x1x
Wed, 10 Apr 2024US$155.5bUS$159.1bUS$4.4b19x35.1x1x
Fri, 08 Mar 2024US$151.9bUS$159.1bUS$4.4b18.4x34.2x1x
Sun, 04 Feb 2024US$139.3bUS$154.8bUS$5.0b14.5x27.8x0.9x
Tue, 02 Jan 2024US$141.3bUS$155.9bUS$5.4b15.5x26.2x0.9x
Thu, 30 Nov 2023US$133.1bUS$156.1bUS$5.4b14.8x24.5x0.9x
Sat, 28 Oct 2023US$123.3bUS$158.0bUS$6.2b13.3x19.8x0.8x
Mon, 25 Sep 2023US$129.6bUS$159.5bUS$7.0b13.2x18.4x0.8x
Wed, 23 Aug 2023US$130.0bUS$159.8bUS$7.1b13.5x18.3x0.8x
Fri, 21 Jul 2023US$135.8bUS$168.2bUS$7.9b13x17.2x0.8x
Sun, 18 Jun 2023US$135.4bUS$168.2bUS$7.9b13x17.1x0.8x
Tue, 16 May 2023US$132.7bUS$168.5bUS$8.0b13x16.7x0.8x
Thu, 13 Apr 2023US$135.6bUS$170.0bUS$10.8b12.6x12.6x0.8x
Sat, 11 Mar 2023US$133.5bUS$170.0bUS$10.8b12.4x12.4x0.8x
Mon, 06 Feb 2023US$148.3bUS$169.6bUS$9.2b15.4x16.1x0.9x
Wed, 04 Jan 2023US$138.4bUS$170.4bUS$10.0b13.1x13.9x0.8x
Fri, 02 Dec 2022US$143.4bUS$170.4bUS$10.0b13.4x14.4x0.8x
Price to Earnings Ratio

14.4x


Total Market Cap: US$143.4bTotal Earnings: US$10.0bTotal Revenue: US$170.4bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Packaging Industry Price to Earnings3Y Average 24.3x202320242025
Current Industry PE
  • Investors are relatively neutral on the American Packaging industry at the moment, indicating that they anticipate long term growth rates to remain steady.
  • The industry is trading close to its 3-year average PE ratio of 24.3x.
  • The industry is trading close to its 3-year average PS ratio of 0.98x.
Past Earnings Growth
  • The earnings for companies in the Packaging industry have declined 17% per year over the last three years,
  • Revenues have also declined 2.1% per year.
  • This means overall sales from these companies are declining and profits are subsequently falling as well.

Industry Trends

Which industries have driven the changes within the U.S. Materials industry?

US Market0.77%
Materials1.67%
Packaging0.88%
Metal and Glass Containers1.71%
Paper Packaging0.54%
Industry PE
  • Investors are most optimistic about the Paper Packaging industry which is trading above its 3-year average PE ratio of 27.6x.
    • Analysts are expecting annual earnings growth of 26.5%, which is higher than its past year's earnings growth of 3.3% per year.
  • Investors are most pessimistic about the Metal and Glass Containers industry, which is trading below its 3-year average of 21.9x.
Forecasted Growth
  • Analysts are most optimistic on the Paper Packaging industry, expecting annual earnings growth of 26% over the next 5 years.
  • This is better than its past earnings growth rate of 3.3% per year.
  • In contrast, the Metal and Glass Containers industry is expected to see its earnings grow by 12% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
IP International PaperUS$37.592.5%
+US$475.2m		-36.9%PS0.8x
BALL BallUS$48.832.8%
+US$351.1m		-21.8%PE18.4x
SEE Sealed AirUS$43.403.5%
+US$217.7m		18.5%PE16.1x
ATR AptarGroupUS$121.471.8%
+US$139.8m		-29.6%PE19x
GEF GreifUS$62.263.4%
+US$84.8m		-13.7%PE178.9x

Latest News

BALL
US$48.83
Ball
7D
2.8%
1Y
-21.8%
GPK
US$15.78
Graphic Packaging Holding
7D
1.5%
1Y
-46.7%

GPK: Operational Discipline Will Drive Resilience Amid Changing Market Conditions

Analysts have lowered their price target for Graphic Packaging Holding by nearly $3 to $20 per share. They cite reduced estimates and softer market conditions in the packaging industry.
IP
US$37.59
International Paper
7D
2.5%
1Y
-36.9%

IP: Profitability Will Advance As $1.5B Asset Sale Nears Completion

International Paper's analyst price targets have seen both upgrades and reductions recently, with changes ranging roughly from a $1 increase to a $5 decrease. Analysts cite improving profitability initiatives alongside mixed expectations for future growth and operational execution.
GEF
US$62.26
Greif
7D
3.4%
1Y
-13.7%
SEE
US$43.40
Sealed Air
7D
3.5%
1Y
18.5%
ORBS
US$2.67
Eightco Holdings
7D
-8.9%
1Y
44.3%
ATR
US$121.47
AptarGroup
7D
1.8%
1Y
-29.6%

ATR: Share Buyback and Pharma Supply Moves Will Unlock Upside

Narrative Update on AptarGroup Price Target Analysts have revised AptarGroup’s fair value estimate downward by approximately $9 to $161.43 per share, citing tempered growth projections and a modest increase in the discount rate as key factors behind the adjustment. What's in the News Completed share repurchases totaling 1,504,552 shares for $227.34 million under the buyback announced on October 10, 2024 (Buyback Tranche Update).
AVY
US$167.59
Avery Dennison
7D
-1.9%
1Y
-19.4%

AVY: Demand Momentum And Recent Buyback Will Drive Shares Higher

Analysts have raised the price target for Avery Dennison to $202.36 from $200, citing stronger expectations for future earnings and the company's recent upgrade to a Buy rating. Analyst Commentary Recent analyst reports have highlighted both the strengths and risks facing Avery Dennison as it moves into its next growth phase.
SW
US$33.71
Smurfit Westrock
7D
-0.3%
1Y
-39.3%

SW: Future Index Moves And Margin Strength Will Drive Share Price Momentum

Analysts have slightly reduced their price target for Smurfit Westrock from $55.90 to $54.57, citing updated forecasts for the company's growth, margins, and risk profile. What's in the News Reported $58 million impairment charges for the quarter ended September 30, 2025, a significant increase from $2 million a year ago (Key Developments) Added to the FTSE All-World Index (NYSE: SW) (Key Developments) Dropped from the FTSE All-World Index (LSE: SWR) (Key Developments) Valuation Changes Consensus Analyst Price Target has decreased slightly from $55.90 to $54.57.
AMBP
US$3.72
Ardagh Metal Packaging
7D
3.9%
1Y
0.3%
OI
US$12.64
O-I Glass
7D
-1.4%
1Y
-2.5%
SON
US$40.74
Sonoco Products
7D
1.7%
1Y
-21.1%

SON: Future Earnings Guidance And Reorganization Will Drive Share Performance

Analysts have maintained their price target for Sonoco Products at $53.75 per share. They cite consistent financial projections, with only slight adjustments in key forecast assumptions.
PACK
US$4.52
Ranpak Holdings
7D
-3.6%
1Y
-42.3%

PACK: Expanded Walmart Partnership And Automation Rollout Will Drive Upside

Analysts have raised their price target for Ranpak Holdings from $7.17 to $7.75 per share, citing revisions to valuation models and updated projections for future company performance. What's in the News Ranpak has introduced the FillPak Mini, its smallest powered paper void fill converter to date.
MGIH
US$1.42
Millennium Group International Holdings
7D
-13.9%
1Y
-11.3%

Some Confidence Is Lacking In Millennium Group International Holdings Limited (NASDAQ:MGIH) As Shares Slide 26%

Nov 02
Some Confidence Is Lacking In Millennium Group International Holdings Limited (NASDAQ:MGIH) As Shares Slide 26%
JBDI
US$0.93
JBDI Holdings
7D
-7.0%
1Y
58.4%