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U.S. Packaging Industry Analysis

UpdatedJun 26, 2026
DataAggregated Company Financials
Companies22
  • 7D5.6%
  • 3M10.3%
  • 1Y-0.9%
  • YTD5.5%

In the last week, the Packaging industry is up 5.6%, with Smurfit Westrock leading the way with a 6.0% gain. The industry has been flat over the past 12 months despite the gain this week. Looking forward, earnings are forecast to grow by 24% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 26 Jun 2026US$155.5bUS$161.9bUS$3.0b19x51.7x1x
Sun, 24 May 2026US$138.2bUS$161.9bUS$3.0b17.7x46x0.9x
Tue, 21 Apr 2026US$152.0bUS$156.8bUS$3.1b19.9x48.5x1x
Thu, 19 Mar 2026US$154.9bUS$162.6bUS$3.8b18.1x41.3x1x
Sat, 14 Feb 2026US$181.2bUS$162.5bUS$3.3b23.4x55.4x1.1x
Mon, 12 Jan 2026US$163.5bUS$159.8bUS$5.7b21.5x28.9x1x
Wed, 10 Dec 2025US$146.7bUS$159.8bUS$5.7b19.3x26x0.9x
Fri, 07 Nov 2025US$146.6bUS$159.8bUS$5.7b19.5x25.8x0.9x
Sun, 05 Oct 2025US$160.9bUS$154.2bUS$5.0b21.9x32x1x
Tue, 02 Sep 2025US$167.6bUS$154.2bUS$5.0b22.7x33.3x1.1x
Thu, 31 Jul 2025US$175.8bUS$145.1bUS$5.9b27.3x29.6x1.2x
Sat, 28 Jun 2025US$165.4bUS$144.3bUS$6.0b26.1x27.5x1.1x
Mon, 26 May 2025US$163.6bUS$144.3bUS$6.0b25.5x27.2x1.1x
Wed, 23 Apr 2025US$154.8bUS$149.9bUS$6.3b20.8x24.6x1x
Fri, 21 Mar 2025US$173.0bUS$155.1bUS$6.2b22.2x28x1.1x
Sun, 16 Feb 2025US$181.9bUS$156.3bUS$6.6b22.1x27.7x1.2x
Tue, 14 Jan 2025US$169.2bUS$153.4bUS$5.9b21.8x28.5x1.1x
Thu, 12 Dec 2024US$181.4bUS$153.4bUS$5.9b23.2x30.6x1.2x
Sat, 09 Nov 2024US$183.1bUS$153.3bUS$6.2b24.5x29.5x1.2x
Mon, 07 Oct 2024US$177.2bUS$148.6bUS$7.0b26.3x25.3x1.2x
Wed, 04 Sep 2024US$177.8bUS$148.6bUS$7.0b25.5x25.4x1.2x
Fri, 02 Aug 2024US$172.6bUS$148.7bUS$6.8b24.3x25.3x1.2x
Sun, 30 Jun 2024US$151.1bUS$156.8bUS$6.1b21.6x25x1x
Tue, 28 May 2024US$161.5bUS$156.7bUS$6.1b23.5x26.4x1x
Thu, 25 Apr 2024US$149.2bUS$159.2bUS$4.4b18.5x33.6x0.9x
Sat, 23 Mar 2024US$154.4bUS$159.1bUS$4.4b19x34.8x1x
Mon, 19 Feb 2024US$140.6bUS$154.0bUS$4.1b19.2x34.3x0.9x
Wed, 17 Jan 2024US$141.3bUS$155.9bUS$5.4b15.2x26.1x0.9x
Fri, 15 Dec 2023US$141.6bUS$155.9bUS$5.4b15.6x26.2x0.9x
Sun, 12 Nov 2023US$128.2bUS$156.5bUS$5.4b14.4x23.8x0.8x
Tue, 10 Oct 2023US$128.2bUS$159.5bUS$7.0b12.8x18.2x0.8x
Thu, 07 Sep 2023US$131.1bUS$159.5bUS$7.0b13.3x18.6x0.8x
Sat, 05 Aug 2023US$136.6bUS$160.5bUS$7.1b14.5x19.3x0.9x
Mon, 03 Jul 2023US$133.5bUS$168.2bUS$7.9b12.5x16.9x0.8x
Price to Earnings Ratio

16.9x


Total Market Cap: US$133.5bTotal Earnings: US$7.9bTotal Revenue: US$168.2bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Packaging Industry Price to Earnings3Y Average 29.4x202420252026
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 51.7x which is higher than its 3-year average PE of 29.4x.
  • 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 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 Market-2.68%
Materials-1.84%
Packaging5.64%
Metal and Glass Containers6.73%
Paper Packaging5.15%
Industry PE
  • Investors are most optimistic about the Paper Packaging industry which is trading above its 3-year average PE ratio of 44.2x.
    • Analysts are expecting annual earnings growth of 28.8%, 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 close to its 3-year average of 22.6x.
Forecasted Growth
  • Analysts are most optimistic on the Paper Packaging industry, expecting annual earnings growth of 29% 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$46.846.0%
+US$1.4b		9.7%PE64.6x
IP International PaperUS$39.026.0%
+US$1.2b		-16.1%PS0.8x
PKG Packaging Corporation of AmericaUS$241.095.3%
+US$1.1b		28.5%PE29x
BALL BallUS$61.376.3%
+US$971.8m		7.7%PE17.5x
CCK Crown HoldingsUS$110.018.3%
+US$935.9m		5.3%PE16.9x

Latest News

AMCR
US$42.86
Amcor
7D
4.3%
1Y
-6.9%
Narrative Update • Jun 25

AMCR: Future Returns Will Rely On Synergy Capture And Deleveraging Execution

Analysts have trimmed their Amcor price targets by up to $10, citing a focus on capturing synergies, reducing leverage, and using the company’s global scale to manage geopolitical pressures, while acknowledging limited visibility on volumes. Analyst Commentary Recent Street research on Amcor shows a mix of optimism about execution and caution around near term earnings visibility, which helps explain the cluster of reduced price targets.
CCK
US$110.01
Crown Holdings
7D
8.3%
1Y
5.3%
SW
US$46.84
Smurfit Westrock
7D
6.0%
1Y
9.7%
PKG
US$241.09
Packaging Corporation of America
7D
5.3%
1Y
28.5%
ATR
US$126.43
AptarGroup
7D
5.1%
1Y
-18.2%
Analysis Article • Jun 18

AptarGroup (ATR) Stock Could Be 25.5% Undervalued on Its Drug Delivery Growth Narrative

Why AptarGroup Stock Is Back On Investor Radars AptarGroup (ATR) has drawn interest after recent share price moves, with the stock gaining about 6% over the past month while still showing a decline over the past year. For investors tracking AptarGroup as a packaging and drug delivery supplier, those mixed return figures may prompt a closer look at how its current valuation lines up with recent business performance and market expectations. See our latest analysis for AptarGroup. With the share...
AVY
US$164.61
Avery Dennison
7D
3.7%
1Y
-6.4%
Analysis Article • Jun 18

Avery Dennison (AVY) Stock Could Be 20.3% Undervalued After Q1 Earnings Beat

Avery Dennison (AVY) entered the spotlight after reporting first quarter revenue and adjusted earnings per share above analyst estimates, prompting investors to reassess the stock following its weaker performance relative to the broader market. See our latest analysis for Avery Dennison. At a latest share price of $159.55, Avery Dennison has seen its 7 day share price return of 2.23% offer a brief rebound, while the year to date share price return is down 12.55% and the 1 year total...
BALL
US$61.37
Ball
7D
6.3%
1Y
7.7%
Narrative Update • Jun 17

BALL: Tighter Can Supply And 2026 Cash Returns Should Support Upside

For Ball, the analyst price target edges slightly lower to about $70.79, as analysts factor in modestly softer revenue growth and profit margin assumptions, while also pointing to tighter beverage can supply and supportive industry demand as key offsets. Analyst Commentary Recent Street research on Ball clusters around a mix of cautious tweaks to price targets and more upbeat views on the company’s volume outlook, especially in beverage cans.
IP
US$39.02
International Paper
7D
6.0%
1Y
-16.1%
Narrative Update • Jun 17

IP: Packaging Expansion And Mixed Sector Backdrop Will Shape Turnaround Prospects

International Paper's updated analyst price target has been trimmed by several firms in recent weeks. Cuts of $3 to $8 reflect analyst views that recent earnings and sector data warrant slightly more conservative expectations, while still recognizing the company's upgraded ratings from some research houses.
PACK
US$7.24
Ranpak Holdings
7D
-1.4%
1Y
103.4%
Narrative Update • Jun 14

PACK: Stable Assumptions Suggest Balanced Risk And Reward Outlook

Analysts kept their $8.00 price target for Ranpak Holdings unchanged, citing largely consistent assumptions for fair value, discount rate, revenue growth, profit margin and future P/E that together point to a similar risk and reward profile as before. What's in the News No recent news stories, periodical coverage, or key developments were provided for Ranpak Holdings, so there are no specific current events to highlight for readers based on the available sources.
JBDI
US$0.52
JBDI Holdings
7D
-18.6%
1Y
-49.7%
MGIH
US$1.50
Millennium Group International Holdings
7D
-0.7%
1Y
-5.7%