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U.S. Packaging Industry Analysis

UpdatedJul 03, 2026
DataAggregated Company Financials
Companies23
  • 7D1.0%
  • 3M10.7%
  • 1Y-5.7%
  • YTD6.7%

The Packaging industry is up 1.0% in the last week, with Amcor up 5.0%. In contrast, the industry has lost 5.7% in the last 12 months. 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, 03 Jul 2026US$157.3bUS$161.9bUS$3.0b19.2x52.3x1x
Sun, 31 May 2026US$141.0bUS$161.9bUS$3.0b17.6x46.9x0.9x
Tue, 28 Apr 2026US$142.9bUS$157.0bUS$3.1b19.6x45.8x0.9x
Thu, 26 Mar 2026US$150.8bUS$162.6bUS$3.8b19.2x40.2x0.9x
Sat, 21 Feb 2026US$179.2bUS$162.9bUS$3.7b22.5x48.8x1.1x
Mon, 19 Jan 2026US$162.6bUS$159.8bUS$5.7b21.7x28.8x1x
Wed, 17 Dec 2025US$153.1bUS$159.8bUS$5.7b20.4x27.1x1x
Fri, 14 Nov 2025US$146.9bUS$159.8bUS$5.7b19.8x25.8x0.9x
Sun, 12 Oct 2025US$154.5bUS$154.2bUS$5.0b21.3x30.7x1x
Tue, 09 Sep 2025US$164.2bUS$154.2bUS$5.0b22.4x32.6x1.1x
Thu, 07 Aug 2025US$162.7bUS$152.7bUS$5.4b21.9x30x1.1x
Sat, 05 Jul 2025US$175.6bUS$144.3bUS$6.0b27.3x29.2x1.2x
Mon, 02 Jun 2025US$165.0bUS$144.3bUS$6.0b25.9x27.5x1.1x
Wed, 30 Apr 2025US$161.8bUS$150.2bUS$6.5b20.3x24.9x1.1x
Fri, 28 Mar 2025US$173.2bUS$155.1bUS$6.2b21.3x28.1x1.1x
Sun, 23 Feb 2025US$181.7bUS$155.0bUS$6.3b23.3x28.7x1.2x
Tue, 21 Jan 2025US$175.9bUS$153.4bUS$5.9b22.2x29.6x1.1x
Thu, 19 Dec 2024US$177.9bUS$153.4bUS$5.9b22.2x30x1.2x
Sat, 16 Nov 2024US$180.1bUS$153.3bUS$6.0b23.9x30.1x1.2x
Mon, 14 Oct 2024US$177.2bUS$148.6bUS$7.0b26.7x25.3x1.2x
Wed, 11 Sep 2024US$150.3bUS$136.9bUS$6.4b24.8x23.5x1.1x
Fri, 09 Aug 2024US$162.6bUS$148.6bUS$6.9b23.8x23.4x1.1x
Sun, 07 Jul 2024US$148.7bUS$156.8bUS$6.1b20x24.6x0.9x
Tue, 04 Jun 2024US$162.3bUS$156.7bUS$6.1b23.4x26.5x1x
Thu, 02 May 2024US$151.8bUS$157.9bUS$4.0b19.2x38x1x
Sat, 30 Mar 2024US$158.4bUS$159.1bUS$4.4b19.3x35.7x1x
Mon, 26 Feb 2024US$144.1bUS$153.9bUS$4.1b20.5x34.8x0.9x
Wed, 24 Jan 2024US$140.9bUS$155.9bUS$5.4b15.3x26.1x0.9x
Fri, 22 Dec 2023US$140.7bUS$155.9bUS$5.4b15.7x26x0.9x
Sun, 19 Nov 2023US$132.3bUS$156.1bUS$5.4b14.7x24.3x0.8x
Tue, 17 Oct 2023US$126.6bUS$159.5bUS$7.0b12.4x18x0.8x
Thu, 14 Sep 2023US$131.1bUS$159.5bUS$7.0b12.7x18.6x0.8x
Sat, 12 Aug 2023US$135.9bUS$160.0bUS$7.0b14.2x19.4x0.8x
Mon, 10 Jul 2023US$132.8bUS$168.2bUS$7.9b12.8x16.8x0.8x
Price to Earnings Ratio

16.8x


Total Market Cap: US$132.8bTotal Earnings: US$7.9bTotal Revenue: US$168.2bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Packaging Industry Price to Earnings3Y Average 29.7x202420252026
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 52.3x which is higher than its 3-year average PE of 29.7x.
  • 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 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 Market1.38%
Materials-0.095%
Packaging1.02%
Metal and Glass Containers2.25%
Paper Packaging0.46%
Industry PE
  • Investors are most optimistic about the Paper Packaging industry which is trading above its 3-year average PE ratio of 45.2x.
    • Analysts are expecting annual earnings growth of 28.0%, 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 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
AMCR AmcorUS$45.005.0%
+US$989.0m		-6.5%PE30.7x
BALL BallUS$63.393.3%
+US$537.8m		7.9%PE18x
CCK Crown HoldingsUS$113.293.0%
+US$362.4m		5.0%PE17.4x
SON Sonoco ProductsUS$57.425.7%
+US$304.5m		23.5%PE9.3x
AMBP Ardagh Metal PackagingUS$4.837.3%
+US$197.2m		7.1%PS0.5x

Latest News

PKG
US$238.20
Packaging Corporation of America
7D
-1.2%
1Y
17.8%
GPK
US$10.85
Graphic Packaging Holding
7D
-0.5%
1Y
-50.7%
SW
US$45.93
Smurfit Westrock
7D
-1.9%
1Y
-4.4%
Narrative Update • Jul 02

SW: Fair Value View Will Balance Margin Expansion With Listing Shift

Analysts have reduced their price target for Smurfit Westrock from $51.00 to $46.00 as they update their assumptions on fair value, discount rate, revenue growth, profit margins, and future P/E expectations. What's in the News for Smurfit Westrock Smurfit Westrock stock has trailed the broader materials sector recently, with Q1 2026 results showing a significant fall in net income and adjusted EBITDA, according to recent coverage.
TRS
US$42.01
TriMas
7D
-4.7%
1Y
40.2%
AVY
US$166.97
Avery Dennison
7D
1.4%
1Y
-8.9%
IP
US$38.79
International Paper
7D
-0.6%
1Y
-23.1%
Narrative Update • Jul 01

IP: Cost Restructuring And Margin Improvement Will Support Future Upside Potential

The analyst price target for International Paper has been reduced from $48 to $45. Analysts cite more measured assumptions for revenue growth and valuation multiples, partly offset by firmer margin expectations and a lower discount rate in their updated models.
OI
US$9.79
O-I Glass
7D
4.1%
1Y
-37.5%
Narrative Update • Jul 01

OI: Hybrid Furnace Progress And Margin Outlook Will Support Future Upside

The analyst fair value estimate for O-I Glass has been revised from $15.00 to $10.00. Analysts cite updated assumptions for the discount rate, revenue growth, profit margin, and future P/E expectations as the key drivers of this change.
SON
US$57.42
Sonoco Products
7D
5.7%
1Y
23.5%
Narrative Update • Jul 01

SON: Raised Dividend And Stable Sales Outlook Will Support Future Upside

Analysts have reduced their fair value estimate for Sonoco Products to $65.00 from $68.00, citing updated assumptions regarding the discount rate, revenue growth, profit margin, and future P/E expectations. What’s in the News for Sonoco Products Sonoco Products was dropped from the Russell 1000 Value Defensive Index, a change that may affect how some index funds and benchmarked portfolios hold the stock.
MGIH
US$1.46
Millennium Group International Holdings
7D
-2.7%
1Y
-7.6%
AMCR
US$45.00
Amcor
7D
5.0%
1Y
-6.5%
SLGN
US$46.39
Silgan Holdings
7D
2.3%
1Y
-18.1%
PACK
US$6.55
Ranpak Holdings
7D
-9.5%
1Y
76.1%
Narrative Update • Jun 28

PACK: Margin Potential And Automation Investments Will Support Balanced Long-Term Upside Potential

Analysts have trimmed their price target on Ranpak Holdings to about $7.08 from $7.75, citing updated assumptions around fair value, discount rates, revenue growth, profit margins, and future P/E estimates. What's in the News for Ranpak Holdings Ranpak Holdings reported that from January 1, 2026 to March 31, 2026, it repurchased 0 shares for $0 million under its existing buyback program.
AMBP
US$4.83
Ardagh Metal Packaging
7D
7.3%
1Y
7.1%
Narrative Update • Jun 26

AMBP: Mixed Research Signals Suggest Steady Outlook With Measured Future Upside

Analysts have made a small downward adjustment to the Ardagh Metal Packaging price target to reflect mixed recent research signals, with some firms trimming their targets by $0.30 to $1 and others lifting theirs by $0.30, while the underlying fair value and key model assumptions remain largely unchanged. Analyst Commentary Recent Street research on Ardagh Metal Packaging shows a split in sentiment, with some analysts trimming price targets and others nudging them higher by smaller amounts.
CCK
US$113.29
Crown Holdings
7D
3.0%
1Y
5.0%
BALL
US$63.39
Ball
7D
3.3%
1Y
7.9%
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.