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U.S. Packaging Industry Analysis

UpdatedApr 25, 2026
DataAggregated Company Financials
Companies25
  • 7D-6.0%
  • 3M-9.9%
  • 1Y-8.2%
  • YTD-4.8%

Over the last 7 days, the Packaging industry has dropped 6.0%, driven by International Paper declining 12%. Overall the industry is down 8.2% in 12 months. Looking forward, earnings are forecast to grow by 20% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 25 Apr 2026US$145.2bUS$157.0bUS$3.1b19.2x46.5x0.9x
Mon, 23 Mar 2026US$144.0bUS$162.6bUS$3.8b17.9x38.4x0.9x
Wed, 18 Feb 2026US$182.0bUS$162.9bUS$3.7b22.5x49.5x1.1x
Fri, 16 Jan 2026US$164.0bUS$159.8bUS$5.7b21.7x29x1x
Sun, 14 Dec 2025US$152.1bUS$159.8bUS$5.7b20.5x26.9x1x
Tue, 11 Nov 2025US$147.6bUS$159.8bUS$5.7b19.7x26x0.9x
Thu, 09 Oct 2025US$157.9bUS$154.2bUS$5.0b21.7x31.4x1x
Sat, 06 Sep 2025US$162.6bUS$154.2bUS$5.0b22.6x32.3x1.1x
Mon, 04 Aug 2025US$162.8bUS$152.3bUS$5.4b22.1x30.2x1.1x
Wed, 02 Jul 2025US$165.7bUS$144.3bUS$6.0b26.1x27.6x1.1x
Fri, 30 May 2025US$164.5bUS$144.3bUS$6.0b25.8x27.4x1.1x
Sun, 27 Apr 2025US$161.0bUS$150.1bUS$6.4b19.9x25.3x1.1x
Tue, 25 Mar 2025US$168.4bUS$155.1bUS$6.2b22.4x27.3x1.1x
Thu, 20 Feb 2025US$181.9bUS$156.3bUS$6.6b22.2x27.7x1.2x
Sat, 18 Jan 2025US$174.9bUS$153.4bUS$5.9b22.2x29.5x1.1x
Mon, 16 Dec 2024US$180.8bUS$153.4bUS$5.9b23.2x30.5x1.2x
Wed, 13 Nov 2024US$183.5bUS$153.3bUS$6.2b24.1x29.5x1.2x
Fri, 11 Oct 2024US$175.8bUS$148.6bUS$7.0b26.3x25.1x1.2x
Sun, 08 Sep 2024US$173.2bUS$148.6bUS$7.0b25.2x24.7x1.2x
Tue, 06 Aug 2024US$168.1bUS$148.6bUS$6.9b22.9x24.2x1.1x
Thu, 04 Jul 2024US$149.8bUS$156.8bUS$6.1b20.2x24.7x1x
Sat, 01 Jun 2024US$160.0bUS$156.7bUS$6.1b23.5x26.1x1x
Mon, 29 Apr 2024US$152.0bUS$158.7bUS$4.3b18.4x35.3x1x
Wed, 27 Mar 2024US$156.0bUS$159.1bUS$4.4b19x35.2x1x
Fri, 23 Feb 2024US$142.3bUS$153.9bUS$4.1b20.3x34.4x0.9x
Sun, 21 Jan 2024US$139.9bUS$155.9bUS$5.4b15.1x25.9x0.9x
Tue, 19 Dec 2023US$141.4bUS$155.9bUS$5.4b15.6x26.2x0.9x
Thu, 16 Nov 2023US$131.8bUS$156.5bUS$5.4b14.8x24.5x0.8x
Sat, 14 Oct 2023US$125.5bUS$159.5bUS$7.0b12.4x17.8x0.8x
Mon, 11 Sep 2023US$131.2bUS$159.5bUS$7.0b12.9x18.6x0.8x
Wed, 09 Aug 2023US$135.4bUS$160.5bUS$7.1b14.3x19.1x0.8x
Fri, 07 Jul 2023US$130.6bUS$168.2bUS$7.9b12.4x16.5x0.8x
Sun, 04 Jun 2023US$129.8bUS$168.6bUS$7.9b12.7x16.4x0.8x
Tue, 02 May 2023US$135.8bUS$169.3bUS$10.5b14.5x13x0.8x
Price to Earnings Ratio

13x


Total Market Cap: US$135.8bTotal Earnings: US$10.5bTotal Revenue: US$169.3bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Packaging Industry Price to Earnings3Y Average 27.7x202420252026
Current Industry PE
  • Investors are optimistic on the American Packaging industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 46.5x which is higher than its 3-year average PE of 27.7x.
  • The industry is trading close to its 3-year average PS ratio of 1.0x.
Past Earnings Growth
  • The earnings for companies in the Packaging industry have declined 33% per year over the last three years,
  • Revenues have also declined 2.5% 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 Market0.35%
Materials-1.57%
Packaging-6.01%
Metal and Glass Containers-5.07%
Paper Packaging-6.46%
Industry PE
  • Investors are most optimistic about the Paper Packaging industry which is trading above its 3-year average PE ratio of 36.4x.
    • Analysts are expecting annual earnings growth of 25.3%, which is higher than its past year's earnings decline of 8.2% per year.
  • Investors are most pessimistic about the Metal and Glass Containers industry, which is trading below its 3-year average of 22.4x.
Forecasted Growth
  • Analysts are most optimistic on the Paper Packaging industry, expecting annual earnings growth of 25% over the next 5 years.
  • This is better than its past earnings decline of 8.2% per year.
  • In contrast, the Metal and Glass Containers industry is expected to see its earnings grow by 9.7% 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
PACK Ranpak HoldingsUS$4.212.2%
+US$7.7m		1.2%PS0.9x
MGIH Millennium Group International HoldingsUS$1.502.0%
+US$337.5k		5.6%PS0.7x

Latest News

AMCR
US$38.95
Amcor
7D
-7.1%
1Y
-18.3%
ATR
US$124.08
AptarGroup
7D
-5.0%
1Y
-16.8%
BALL
US$61.32
Ball
7D
-4.9%
1Y
21.3%

Ball Corporation Isn't Prepared For An Upgrade Yet

Apr 24
AVY
US$165.50
Avery Dennison
7D
-4.0%
1Y
-3.1%

AVY: 2026 Upside Will Hinge On Margin Execution And Buybacks

Avery Dennison's updated analyst price target has shifted from $210 to $205, reflecting a series of recent target trims across firms such as Raymond James, Truist, Citi, UBS and BofA, partly offset by more constructive coverage from Deutsche Bank and earlier target increases from BMO Capital and Citi. Analyst Commentary Recent Street research around Avery Dennison reflects a mix of optimism and caution, with several firms trimming price targets while others have raised targets or initiated coverage with a constructive stance.
CCK
US$101.13
Crown Holdings
7D
-5.6%
1Y
13.2%

CCK: Buybacks And Higher Dividend Will Drive Future Shareholder Returns

Analysts have reduced their price target on Crown Holdings by about $2 to roughly $126, reflecting slightly adjusted assumptions around revenue growth, profit margins and future P/E expectations. What's in the News Crown Holdings' Board of Directors declared a quarterly cash dividend of $0.35 per share, payable on March 31, 2026, to shareholders of record as of March 17, 2026.
SON
US$48.45
Sonoco Products
7D
-15.6%
1Y
4.9%
PACK
US$4.21
Ranpak Holdings
7D
2.2%
1Y
1.2%

PACK: Higher Margin Outlook And 2026 Guidance Will Support Constructive View

Analysts trimmed their price target on Ranpak Holdings to $6.00 from $6.00. The change reflects updated assumptions around discount rates, revenue growth, profit margins, and future P/E expectations rather than a shift in their fair value view.
SW
US$39.96
Smurfit Westrock
7D
-5.4%
1Y
-5.4%

SW: Cost Resets Through Quebec Closures And Reliable Dividend Will Support Future Upside

Analysts have adjusted Smurfit Westrock's price target from about $59.07 to $55.13. This change reflects updated assumptions around revenue growth, profit margins and a slightly different future P/E multiple.
IP
US$32.65
International Paper
7D
-12.1%
1Y
-31.0%
MGIH
US$1.50
Millennium Group International Holdings
7D
2.0%
1Y
5.6%

Subdued Growth No Barrier To Millennium Group International Holdings Limited (NASDAQ:MGIH) With Shares Advancing 33%

Jan 30
Subdued Growth No Barrier To Millennium Group International Holdings Limited (NASDAQ:MGIH) With Shares Advancing 33%