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U.S. Packaging Industry Analysis

UpdatedApr 22, 2026
DataAggregated Company Financials
Companies25
  • 7D-1.2%
  • 3M-4.5%
  • 1Y-3.8%
  • YTD-1.2%

Over the last 7 days, the Packaging industry has dropped 1.2%, driven by a pullback from International Paper of 3.0%. The industry has fallen 3.8% in the last year. 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
Wed, 22 Apr 2026US$151.4bUS$156.8bUS$3.1b19.4x48.3x1x
Fri, 20 Mar 2026US$150.1bUS$162.6bUS$3.8b18x40x0.9x
Sun, 15 Feb 2026US$182.0bUS$162.5bUS$3.3b23.4x55.7x1.1x
Tue, 13 Jan 2026US$163.5bUS$159.8bUS$5.7b21.4x28.9x1x
Thu, 11 Dec 2025US$147.5bUS$159.8bUS$5.7b20x26.1x0.9x
Sat, 08 Nov 2025US$145.8bUS$159.8bUS$5.7b19.8x25.6x0.9x
Mon, 06 Oct 2025US$160.9bUS$154.2bUS$5.0b21.9x32x1x
Wed, 03 Sep 2025US$167.6bUS$154.2bUS$5.0b22.2x33.3x1.1x
Fri, 01 Aug 2025US$171.9bUS$150.3bUS$5.8b26.8x29.7x1.1x
Sun, 29 Jun 2025US$165.7bUS$144.3bUS$6.0b26.1x27.6x1.1x
Tue, 27 May 2025US$163.6bUS$144.3bUS$6.0b25.5x27.2x1.1x
Thu, 24 Apr 2025US$159.2bUS$150.1bUS$6.4b19.6x25x1.1x
Sat, 22 Mar 2025US$171.9bUS$155.1bUS$6.2b22.1x27.8x1.1x
Mon, 17 Feb 2025US$181.9bUS$156.3bUS$6.6b22.1x27.7x1.2x
Wed, 15 Jan 2025US$173.5bUS$153.4bUS$5.9b22.1x29.2x1.1x
Fri, 13 Dec 2024US$180.9bUS$153.4bUS$5.9b23.3x30.5x1.2x
Sun, 10 Nov 2024US$182.6bUS$153.3bUS$6.2b24.5x29.4x1.2x
Tue, 08 Oct 2024US$177.2bUS$148.6bUS$7.0b26x25.3x1.2x
Thu, 05 Sep 2024US$175.2bUS$148.6bUS$7.0b25.3x25x1.2x
Sat, 03 Aug 2024US$170.8bUS$148.6bUS$6.9b23.8x24.8x1.1x
Mon, 01 Jul 2024US$151.1bUS$156.8bUS$6.1b21.6x25x1x
Wed, 29 May 2024US$161.5bUS$156.7bUS$6.1b23.1x26.4x1x
Fri, 26 Apr 2024US$149.5bUS$158.8bUS$4.3b18.4x34.5x0.9x
Sun, 24 Mar 2024US$154.4bUS$159.1bUS$4.4b19x34.8x1x
Tue, 20 Feb 2024US$140.6bUS$154.0bUS$4.1b19.2x34.3x0.9x
Thu, 18 Jan 2024US$139.0bUS$155.9bUS$5.4b15.1x25.7x0.9x
Sat, 16 Dec 2023US$141.4bUS$155.9bUS$5.4b15.4x26.2x0.9x
Mon, 13 Nov 2023US$128.4bUS$156.5bUS$5.4b14.4x23.9x0.8x
Wed, 11 Oct 2023US$128.8bUS$159.5bUS$7.0b12.7x18.3x0.8x
Fri, 08 Sep 2023US$129.7bUS$159.5bUS$7.0b13x18.4x0.8x
Sun, 06 Aug 2023US$136.6bUS$160.5bUS$7.1b14.5x19.3x0.9x
Tue, 04 Jul 2023US$134.8bUS$168.2bUS$7.9b12.7x17.1x0.8x
Thu, 01 Jun 2023US$124.9bUS$168.6bUS$7.9b12x15.8x0.7x
Sat, 29 Apr 2023US$134.9bUS$169.3bUS$10.5b14.5x12.9x0.8x
Price to Earnings Ratio

12.9x


Total Market Cap: US$134.9bTotal Earnings: US$10.5bTotal Revenue: US$169.3bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Packaging Industry Price to Earnings3Y Average 27.6x202420252026
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 48.3x which is higher than its 3-year average PE of 27.6x.
  • 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 Market1.31%
Materials-1.94%
Packaging-1.18%
Paper Packaging-0.83%
Metal and Glass Containers-1.90%
Industry PE
  • Investors are most optimistic about the Paper Packaging industry which is trading above its 3-year average PE ratio of 36.0x.
    • Analysts are expecting annual earnings growth of 24.6%, which is higher than its past year's earnings decline of 3.1% 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 3.1% 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
SON Sonoco ProductsUS$56.793.5%
+US$190.4m		26.2%PE9.5x
ORBS Eightco HoldingsUS$0.932.9%
+US$171.4m		-10.2%PS10.6x
PKG Packaging Corporation of AmericaUS$210.530.3%
+US$53.1m		12.9%PE24.2x
AMCR AmcorUS$41.100.2%
+US$41.6m		-14.0%PE31.9x
PACK Ranpak HoldingsUS$4.1810.3%
+US$33.4m		12.4%PS0.9x

Latest News

AMCR
US$41.10
Amcor
7D
0.2%
1Y
-14.0%
SON
US$56.79
Sonoco Products
7D
3.5%
1Y
26.2%
AMBP
US$3.94
Ardagh Metal Packaging
7D
-3.7%
1Y
41.7%

Ardagh Metal Packaging: Execution Holds, Tailwinds Build, Valuation Undemanding

Apr 18
GEF
US$68.69
Greif
7D
0.3%
1Y
31.1%

GEF: Cash Returns And Share Repurchases Will Support Future Upside

Analysts have trimmed Greif's implied value slightly, with the fair value estimate moving from about $79.00 to roughly $78.20 as they factor in updated assumptions on discount rates, revenue growth, profit margins, future P/E, and recent shifts in Street price targets from firms such as BofA and Baird. Analyst Commentary Recent Street research on Greif shows a tight cluster of target price moves, with some analysts nudging estimates higher and others trimming them, which helps explain the modest step down in the overall fair value estimate.
SLGN
US$40.73
Silgan Holdings
7D
-1.8%
1Y
-20.0%
SW
US$41.22
Smurfit Westrock
7D
-2.1%
1Y
-0.8%

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$35.44
International Paper
7D
-3.0%
1Y
-23.8%
GPK
US$9.74
Graphic Packaging Holding
7D
0.2%
1Y
-61.6%
PKG
US$210.53
Packaging Corporation of America
7D
0.3%
1Y
12.9%

PKG: 2026 Pricing And Buybacks Are Expected To Support Balanced Outlook

Analysts have trimmed the Packaging Corporation of America price target by about $4 to $226.40, reflecting updated views on softer revenue growth, margin pressure, a slightly higher discount rate, and a higher future P/E assumption following recent sector research and price target revisions from major firms. Analyst Commentary Recent research on Packaging Corporation of America shows a mix of optimism and caution, with multiple firms adjusting price targets in both directions and one major bank highlighting sector headwinds tied to containerboard pricing.
ATR
US$126.69
AptarGroup
7D
-3.3%
1Y
-13.2%

ATR: Nasal Drug Delivery Pipeline And Leadership Transition Will Shape Future Upside

Analysts have reaffirmed AptarGroup's price target at $144.00, citing updated assumptions for discount rates, revenue growth, profit margins and future P/E that together suggest a steady view of the company’s valuation. What's in the News AptarGroup’s Unidose Powder Nasal Spray System is being used in ENA Respiratory’s Phase II study of INNA-051, an investigational once-weekly nasal spray aimed at helping protect adults at higher risk from symptomatic viral respiratory infections (Key Developments).
AVY
US$169.46
Avery Dennison
7D
-0.8%
1Y
-3.1%

AVY: 2026 Outlook Will Rely On Intelligent Labels And Margin Execution

Avery Dennison's analyst price target has edged down by about $2 to $210, as analysts balance slightly softer assumptions for growth, margins, and discount rates with a still constructive view, which is reflected in recent target revisions and a new bullish initiation. Analyst Commentary Recent research on Avery Dennison shows a mix of optimism and caution, with several firms adjusting price targets in both directions.
CCK
US$103.44
Crown Holdings
7D
-3.5%
1Y
18.8%

CCK: Buybacks And Higher Dividend Are Expected To Drive Future Returns

Analysts now estimate Crown Holdings' fair value at about $127.85 per share, down slightly from $129, reflecting updated views on its discount rate, expected revenue growth, profit margins, and future P/E assumptions. What's in the News Crown Holdings' Board of Directors declared a cash dividend of $0.35 per share, payable on March 31, 2026, to shareholders of record on March 17, 2026.
PACK
US$4.18
Ranpak Holdings
7D
10.3%
1Y
12.4%

PACK: Automation Expansion And 2026 Guidance Will Support Strong Upside Potential

Analysts now hold their fair value estimate for Ranpak Holdings at $8.00, with slight adjustments to the discount rate, revenue growth, profit margin and future P/E assumptions shaping this updated price target narrative. What's in the News Issued earnings guidance for 2026, forecasting net revenue in a range of $415 million to $445 million, tied to expected net revenue growth of 5.1% to 12.7% (Corporate guidance).
TRS
US$37.33
TriMas
7D
-4.4%
1Y
79.6%
ORBS
US$0.93
Eightco Holdings
7D
2.9%
1Y
-10.2%
MGIH
US$1.50
Millennium Group International Holdings
7D
2.7%
1Y
6.4%

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%