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U.S. Packaging Industry Analysis

UpdatedJun 03, 2026
DataAggregated Company Financials
Companies24
  • 7D0.8%
  • 3M-13.2%
  • 1Y-10.8%
  • YTD-5.5%

Over the last 7 days, the Packaging industry has remained flat, although notably Smurfit Westrock gained 7.8%. As for the longer term, the industry has declined 11% in the last year. As for the next few years, earnings are expected to grow by 24% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 03 Jun 2026US$139.7bUS$161.9bUS$3.0b17.4x46.5x0.9x
Fri, 01 May 2026US$141.6bUS$157.6bUS$3.0b19.3x46.6x0.9x
Sun, 29 Mar 2026US$149.4bUS$162.2bUS$3.8b18.7x39.2x0.9x
Tue, 24 Feb 2026US$179.6bUS$162.9bUS$3.7b22.3x48.9x1.1x
Thu, 22 Jan 2026US$158.9bUS$159.8bUS$5.7b21.6x28.1x1x
Sat, 20 Dec 2025US$154.1bUS$159.8bUS$5.7b20.3x27.3x1x
Mon, 17 Nov 2025US$146.9bUS$159.8bUS$5.7b19.5x25.8x0.9x
Wed, 15 Oct 2025US$155.0bUS$154.2bUS$5.0b21.4x30.8x1x
Fri, 12 Sep 2025US$160.4bUS$154.2bUS$5.0b22.3x31.9x1x
Sun, 10 Aug 2025US$165.0bUS$152.7bUS$5.4b22.3x30.4x1.1x
Tue, 08 Jul 2025US$175.6bUS$144.3bUS$6.0b27.5x29.2x1.2x
Thu, 05 Jun 2025US$164.4bUS$144.3bUS$6.0b25.8x27.4x1.1x
Sat, 03 May 2025US$149.1bUS$144.2bUS$5.9b20.3x25.3x1x
Mon, 31 Mar 2025US$170.8bUS$155.1bUS$6.2b21.8x27.7x1.1x
Wed, 26 Feb 2025US$180.9bUS$155.0bUS$6.2b24x29x1.2x
Fri, 24 Jan 2025US$178.3bUS$153.4bUS$5.9b22.5x30x1.2x
Sun, 22 Dec 2024US$173.2bUS$153.4bUS$5.9b22.3x29.2x1.1x
Tue, 19 Nov 2024US$180.1bUS$153.2bUS$6.0b23.9x30.1x1.2x
Thu, 17 Oct 2024US$178.7bUS$148.6bUS$7.0b27.6x25.5x1.2x
Sat, 14 Sep 2024US$174.3bUS$148.6bUS$7.0b25.8x24.9x1.2x
Mon, 12 Aug 2024US$163.1bUS$148.5bUS$6.9b23.7x23.5x1.1x
Wed, 10 Jul 2024US$136.7bUS$137.3bUS$5.8b19.5x23.8x1x
Fri, 07 Jun 2024US$161.8bUS$156.7bUS$6.1b22.7x26.4x1x
Sun, 05 May 2024US$156.0bUS$156.9bUS$6.2b21.9x25.2x1x
Tue, 02 Apr 2024US$158.4bUS$159.1bUS$4.4b19.1x35.7x1x
Thu, 29 Feb 2024US$147.9bUS$159.4bUS$4.5b17.2x33x0.9x
Sat, 27 Jan 2024US$142.8bUS$155.8bUS$5.4b15.3x26.5x0.9x
Mon, 25 Dec 2023US$141.9bUS$155.9bUS$5.4b15.7x26.3x0.9x
Wed, 22 Nov 2023US$132.6bUS$156.1bUS$5.4b14.5x24.4x0.8x
Fri, 20 Oct 2023US$124.4bUS$159.5bUS$7.0b12.3x17.7x0.8x
Sun, 17 Sep 2023US$132.8bUS$159.5bUS$7.0b12.9x18.9x0.8x
Tue, 15 Aug 2023US$135.0bUS$160.0bUS$7.0b14.2x19.2x0.8x
Thu, 13 Jul 2023US$134.4bUS$168.2bUS$7.9b13.4x17x0.8x
Sat, 10 Jun 2023US$131.5bUS$168.2bUS$7.9b13.3x16.6x0.8x
Price to Earnings Ratio

16.6x


Total Market Cap: US$131.5bTotal Earnings: US$7.9bTotal Revenue: US$168.2bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Packaging Industry Price to Earnings3Y Average 28.8x202420252026
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 28.8x.
  • The 3-year average PS ratio of 1.0x is higher than the industry's current PS ratio of 0.86x.
Past Earnings Growth
  • The earnings for companies in the Packaging industry have declined 28% per year over the last three years.
  • Meanwhile revenues have remained mostly flat.
  • This means that although sales have remained flat, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.

Industry Trends

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

US Market1.22%
Materials1.06%
Packaging0.83%
Paper Packaging2.94%
Metal and Glass Containers-3.68%
Industry PE
  • Investors are most optimistic about the Paper Packaging industry which is trading above its 3-year average PE ratio of 41.2x.
    • Analysts are expecting annual earnings growth of 28.2%, which is higher than its past year's earnings decline of 14.9% per year.
  • Investors are most pessimistic about the Metal and Glass Containers industry, which is trading below its 3-year average of 22.5x.
Forecasted Growth
  • Analysts are most optimistic on the Paper Packaging industry, expecting annual earnings growth of 28% over the next 5 years.
  • This is better than its past earnings decline of 15% per year.
  • In contrast, the Metal and Glass Containers industry is expected to see its earnings grow by 14% 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
SW Smurfit WestrockUS$42.247.8%
+US$1.6b		-1.3%PE58.2x
IP International PaperUS$33.835.9%
+US$990.2m		-28.5%PS0.7x
PKG Packaging Corporation of AmericaUS$224.832.9%
+US$563.1m		15.8%PE27x
GPK Graphic Packaging HoldingUS$10.764.6%
+US$139.1m		-51.6%PE11.6x
PACK Ranpak HoldingsUS$7.126.9%
+US$39.4m		109.4%PS1.5x

Latest News

GPK
US$10.76
Graphic Packaging Holding
7D
4.6%
1Y
-51.6%
CCK
US$95.74
Crown Holdings
7D
-2.4%
1Y
-2.5%
IP
US$33.83
International Paper
7D
5.9%
1Y
-28.5%
OI
US$8.06
O-I Glass
7D
-11.2%
1Y
-37.8%
Narrative Update • Jun 02

OI: Insider Buying And New Debt Raise Will Support Future Upside

Analysts have reset their price target on O-I Glass to $13.11 from $17.89, reflecting updated views on the company’s discount rate, revenue growth outlook, profit margin assumptions, and future P/E multiple. What's in the News Board director Samuel R.
PACK
US$7.12
Ranpak Holdings
7D
6.9%
1Y
109.4%
Seeking Alpha • Jun 01

Ranpak Holdings: It's Time For A Downgrade

Summary Ranpak Holdings is downgraded from a soft 'Buy' to 'Hold' after strong outperformance and valuation expansion. PACK's automation segment is a key growth driver, with revenue up 112.7% and management targeting $60M this year, and $100M+ soon. Recent quarters show improved profitability and cash flow, aided by cost-cutting and margin efficiencies, but valuation is now less compelling. The company trades at higher multiples than peers, justifying caution despite continued operational momentum and positive near-term guidance. Read the full article on Seeking Alpha
PKG
US$224.83
Packaging Corporation of America
7D
2.9%
1Y
15.8%
ATR
US$112.18
AptarGroup
7D
-3.6%
1Y
-28.2%
AVY
US$157.04
Avery Dennison
7D
-1.7%
1Y
-12.6%
MYE
US$23.33
Myers Industries
7D
0.8%
1Y
74.6%
Narrative Update • May 27

MYE: Buybacks And Opportunistic Acquisitions Will Drive Future Upside Potential

Analysts have reset their $26.00 price target on Myers Industries as they factor in a lower discount rate, an implied decline in revenue growth, a higher profit margin outlook, and a reduced future P/E assumption. What's in the News From October 1, 2025 to December 31, 2025, Myers Industries repurchased 28,758 shares, representing 0.08% of its stock, for US$0.5 million under its existing buyback program.
AMCR
US$38.41
Amcor
7D
-1.4%
1Y
-15.6%
Narrative Update • May 26

AMCR: Future Returns Will Hinge On Synergy Execution And Malaysia Healthcare Expansion

Analysts have trimmed their Amcor price targets, reflecting a shift to a new fair value estimate of about $48 from about $50 as they factor in lower assumed revenue growth, a slightly different discount rate, and reduced future P/E expectations following recent research visits and sector checks. Analyst Commentary Recent Street research on Amcor shows a mix of optimism and caution, with several firms adjusting price targets and one new bullish initiation.
BALL
US$53.75
Ball
7D
-5.0%
1Y
0.5%
SW
US$42.24
Smurfit Westrock
7D
7.8%
1Y
-1.3%
SLGN
US$36.83
Silgan Holdings
7D
-3.1%
1Y
-32.4%
Narrative Update • May 20

SLGN: Dividend Momentum And Mixed Sentiment Will Support Future P E Re Rating

Silgan Holdings' updated analyst price target edges slightly lower to about $53.17 from $53.33, as analysts factor in modest adjustments to the discount rate, revenue growth assumptions, profit margin outlook, and future P/E expectations following a series of recent target changes across the Street. Analyst Commentary Recent research updates on Silgan Holdings show a mix of optimism and caution, with several firms trimming price targets while one new initiation comes in with a positive stance.
MGIH
US$1.42
Millennium Group International Holdings
7D
0.007%
1Y
-5.3%
SON
US$49.17
Sonoco Products
7D
-1.1%
1Y
7.9%
Analysis Article • May 06

We Think That There Are Issues Underlying Sonoco Products' (NYSE:SON) Earnings

Investors were disappointed with Sonoco Products Company's ( NYSE:SON ) earnings, despite the strong profit numbers. We...