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U.S. Packaging Industry Analysis

UpdatedNov 20, 2025
DataAggregated Company Financials
Companies25
  • 7D-3.9%
  • 3M-14.5%
  • 1Y-25.7%
  • YTD-18.7%

Over the last 7 days, the Packaging industry has dropped 3.9%, driven by declines in International Paper and Smurfit Westrock of 6.0% and 6.5%, respectively. However, the industry is down 26% over the past year. Looking forward, earnings are forecast to grow by 21% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 21 Nov 2025US$145.4bUS$159.8bUS$5.7b19.1x25.7x0.9x
Sun, 19 Oct 2025US$156.4bUS$154.2bUS$5.0b21x31.1x1x
Tue, 16 Sep 2025US$164.7bUS$154.2bUS$5.0b21.9x32.7x1.1x
Thu, 14 Aug 2025US$166.5bUS$152.7bUS$5.4b22.5x30.7x1.1x
Sat, 12 Jul 2025US$175.8bUS$144.3bUS$6.0b27.9x29.3x1.2x
Mon, 09 Jun 2025US$165.6bUS$144.4bUS$6.0b25.9x27.6x1.1x
Wed, 07 May 2025US$150.4bUS$144.3bUS$6.0b20.2x25x1x
Fri, 04 Apr 2025US$171.8bUS$149.9bUS$6.3b22.7x27.3x1.1x
Sun, 02 Mar 2025US$181.8bUS$155.0bUS$6.2b24.3x29.4x1.2x
Tue, 28 Jan 2025US$179.9bUS$153.4bUS$5.9b22.9x30.3x1.2x
Thu, 26 Dec 2024US$175.3bUS$153.4bUS$5.9b22.4x29.5x1.1x
Sat, 23 Nov 2024US$185.9bUS$153.3bUS$5.9b24.3x31.3x1.2x
Mon, 21 Oct 2024US$179.0bUS$148.6bUS$6.7b27.8x26.8x1.2x
Wed, 18 Sep 2024US$178.3bUS$148.6bUS$7.0b26.1x25.5x1.2x
Fri, 16 Aug 2024US$165.2bUS$148.5bUS$6.9b24.1x23.8x1.1x
Sun, 14 Jul 2024US$166.6bUS$149.6bUS$6.6b20.7x25.3x1.1x
Tue, 11 Jun 2024US$158.8bUS$156.8bUS$6.1b22.5x26.2x1x
Thu, 09 May 2024US$158.7bUS$156.9bUS$6.2b22.2x25.7x1x
Sat, 06 Apr 2024US$155.3bUS$159.1bUS$4.4b18.6x35x1x
Mon, 04 Mar 2024US$149.1bUS$159.1bUS$4.4b17.5x33.6x0.9x
Wed, 31 Jan 2024US$142.4bUS$155.8bUS$5.4b15.3x26.5x0.9x
Fri, 29 Dec 2023US$142.8bUS$155.9bUS$5.4b15.6x26.4x0.9x
Sun, 26 Nov 2023US$133.2bUS$156.1bUS$5.4b14.6x24.5x0.9x
Tue, 24 Oct 2023US$119.9bUS$159.5bUS$7.0b11.9x17x0.8x
Thu, 21 Sep 2023US$132.1bUS$159.5bUS$7.0b13.1x18.8x0.8x
Sat, 19 Aug 2023US$132.1bUS$159.8bUS$7.1b13.8x18.6x0.8x
Mon, 17 Jul 2023US$134.3bUS$168.2bUS$7.9b12.7x17x0.8x
Wed, 14 Jun 2023US$133.2bUS$168.2bUS$7.9b13.2x16.8x0.8x
Fri, 12 May 2023US$132.6bUS$168.5bUS$8.0b13x16.6x0.8x
Sun, 09 Apr 2023US$136.2bUS$170.0bUS$10.8b12.5x12.6x0.8x
Tue, 07 Mar 2023US$140.4bUS$170.0bUS$10.8b12.5x13x0.8x
Thu, 02 Feb 2023US$148.1bUS$170.5bUS$9.7b15.4x15.3x0.9x
Sat, 31 Dec 2022US$138.3bUS$170.4bUS$10.0b12.9x13.9x0.8x
Mon, 28 Nov 2022US$142.1bUS$170.1bUS$10.0b13.7x14.3x0.8x
Price to Earnings Ratio

14.3x


Total Market Cap: US$142.1bTotal Earnings: US$10.0bTotal Revenue: US$170.1bTotal 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 Market-3.20%
Materials-4.21%
Packaging-3.86%
Metal and Glass Containers-1.85%
Paper Packaging-4.66%
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 24.3%, 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 24% 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
AMBP Ardagh Metal PackagingUS$3.723.3%
+US$71.7m		0.3%PS0.4x
ORBS Eightco HoldingsUS$3.1210.6%
+US$54.4m		92.6%PS13.6x
TRS TriMasUS$31.772.2%
+US$28.0m		19.5%PE29.3x

Latest News

IP
US$35.60
International Paper
7D
-6.0%
1Y
-39.8%

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.
AMCR
US$8.36
Amcor
7D
-2.6%
1Y
-20.2%

AMCR: Future Earnings Will Benefit From Berry Global Acquisition Synergies

Analysts have revised Amcor's average price target downward by $0.02, citing lowered revenue growth expectations and ongoing challenges in packaging volumes. However, they note that synergy gains from the Berry Global acquisition may help offset near-term pressures.
PKG
US$191.68
Packaging Corporation of America
7D
-3.7%
1Y
-21.9%

PKG: Greif Acquisition Will Boost Scale And Drive Dividend Upside Ahead

Analysts have recently adjusted their price targets for Packaging Corporation of America, with the average target changing by less than $1 as they consider the impact of industry supply shifts, stable margins, and benefits from the Greif acquisition. Analyst Commentary Recent Street research reveals a mix of optimism and caution regarding Packaging Corporation of America's outlook, with price targets moving both up and down as analysts assess the company's strategic initiatives and industry dynamics.
ORBS
US$3.12
Eightco Holdings
7D
10.6%
1Y
92.6%
CCK
US$95.87
Crown Holdings
7D
-5.1%
1Y
5.3%

CCK: Share Repurchases Will Support Higher Earnings Multiples Ahead

Analysts have raised their price target for Crown Holdings from $121.13 to $121.50, citing updated valuation inputs and slightly higher projected earnings multiples. What's in the News Between July 1, 2025 and September 30, 2025, Crown Holdings repurchased 1,097,904 shares, representing 0.95 percent of shares for $104.96 million (Key Developments).
AVY
US$166.01
Avery Dennison
7D
-5.9%
1Y
-16.8%

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$32.79
Smurfit Westrock
7D
-6.5%
1Y
-41.8%

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.
TRS
US$31.77
TriMas
7D
2.2%
1Y
19.5%

TRS: Share Repurchase and Raised Earnings Outlook Will Drive Perceived Undervaluation

The analyst price target for TriMas has recently been lowered from $45.00 to $41.50. Analysts cite revised expectations for revenue growth and profit margins as key factors behind this adjustment.
AMBP
US$3.72
Ardagh Metal Packaging
7D
3.3%
1Y
0.3%
SON
US$39.77
Sonoco Products
7D
-4.3%
1Y
-20.7%

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.
GPK
US$15.17
Graphic Packaging Holding
7D
-5.9%
1Y
-47.3%