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U.S. Packaging Industry Analysis

UpdatedJun 29, 2026
DataAggregated Company Financials
Companies23
  • 7D6.1%
  • 3M12.1%
  • 1Y-0.7%
  • YTD6.0%

In the last week, the Packaging industry is up 6.1%, with Smurfit Westrock up 6.3%. The industry has been flat over the past 12 months despite the gain this week. 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
Mon, 29 Jun 2026US$158.3bUS$161.9bUS$3.0b19.1x52.7x1x
Wed, 27 May 2026US$138.2bUS$161.9bUS$3.0b17.7x46x0.9x
Fri, 24 Apr 2026US$143.5bUS$157.0bUS$3.1b18.8x46x0.9x
Sun, 22 Mar 2026US$144.0bUS$162.6bUS$3.8b17.9x38.4x0.9x
Tue, 17 Feb 2026US$182.0bUS$162.5bUS$3.3b23.4x55.7x1.1x
Thu, 15 Jan 2026US$162.8bUS$159.8bUS$5.7b21.6x28.8x1x
Sat, 13 Dec 2025US$151.8bUS$159.8bUS$5.7b20.5x26.9x0.9x
Mon, 10 Nov 2025US$147.7bUS$159.8bUS$5.7b19.8x26x0.9x
Wed, 08 Oct 2025US$158.8bUS$154.2bUS$5.0b21.5x31.6x1x
Fri, 05 Sep 2025US$162.2bUS$154.2bUS$5.0b22.4x32.2x1.1x
Sun, 03 Aug 2025US$162.8bUS$152.3bUS$5.4b22.1x30.2x1.1x
Tue, 01 Jul 2025US$165.7bUS$144.3bUS$6.0b26.1x27.6x1.1x
Thu, 29 May 2025US$166.9bUS$144.3bUS$6.0b25.7x27.8x1.2x
Sat, 26 Apr 2025US$162.5bUS$150.1bUS$6.4b19.9x25.6x1.1x
Mon, 24 Mar 2025US$168.4bUS$155.1bUS$6.2b22.1x27.3x1.1x
Wed, 19 Feb 2025US$181.9bUS$156.3bUS$6.6b22.2x27.7x1.2x
Fri, 17 Jan 2025US$174.5bUS$153.4bUS$5.9b22.2x29.4x1.1x
Sun, 15 Dec 2024US$180.8bUS$153.4bUS$5.9b23.2x30.5x1.2x
Tue, 12 Nov 2024US$182.6bUS$153.3bUS$6.2b24.4x29.4x1.2x
Thu, 10 Oct 2024US$175.2bUS$148.6bUS$7.0b26.3x25x1.2x
Sat, 07 Sep 2024US$173.2bUS$148.6bUS$7.0b25.2x24.7x1.2x
Mon, 05 Aug 2024US$168.1bUS$148.6bUS$6.9b23.8x24.2x1.1x
Wed, 03 Jul 2024US$149.2bUS$156.8bUS$6.1b20.3x24.6x1x
Fri, 31 May 2024US$160.0bUS$156.7bUS$6.1b23.3x26.1x1x
Sun, 28 Apr 2024US$152.0bUS$158.7bUS$4.3b18.4x35.3x1x
Tue, 26 Mar 2024US$154.4bUS$159.1bUS$4.4b19x34.8x1x
Thu, 22 Feb 2024US$141.3bUS$153.9bUS$4.1b20x34.1x0.9x
Sat, 20 Jan 2024US$139.9bUS$155.9bUS$5.4b15.1x25.9x0.9x
Mon, 18 Dec 2023US$141.4bUS$155.9bUS$5.4b15.4x26.2x0.9x
Wed, 15 Nov 2023US$127.0bUS$156.5bUS$5.4b14.6x23.6x0.8x
Fri, 13 Oct 2023US$128.8bUS$159.5bUS$7.0b12.8x18.3x0.8x
Sun, 10 Sep 2023US$131.2bUS$159.5bUS$7.0b12.9x18.6x0.8x
Tue, 08 Aug 2023US$136.9bUS$160.5bUS$7.1b14.6x19.3x0.9x
Thu, 06 Jul 2023US$130.8bUS$168.2bUS$7.9b12.8x16.5x0.8x
Price to Earnings Ratio

16.5x


Total Market Cap: US$130.8bTotal Earnings: US$7.9bTotal Revenue: US$168.2bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Packaging Industry Price to Earnings3Y Average 29.5x202420252026
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 52.7x which is higher than its 3-year average PE of 29.5x.
  • 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-2.52%
Materials-2.18%
Packaging6.08%
Metal and Glass Containers7.61%
Paper Packaging5.39%
Industry PE
  • Investors are most optimistic about the Paper Packaging industry which is trading above its 3-year average PE ratio of 44.5x.
    • Analysts are expecting annual earnings growth of 28.6%, 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$46.986.3%
+US$1.5b		9.1%PE64.8x
PKG Packaging Corporation of AmericaUS$241.555.5%
+US$1.1b		27.5%PE29x
BALL BallUS$61.797.1%
+US$1.1b		9.5%PE17.6x
IP International PaperUS$38.765.3%
+US$1.0b		-18.2%PS0.8x
CCK Crown HoldingsUS$110.628.9%
+US$1.0b		6.9%PE17x

Latest News

PACK
US$7.31
Ranpak Holdings
7D
-0.4%
1Y
104.8%
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.
IP
US$38.76
International Paper
7D
5.3%
1Y
-18.2%
AMCR
US$43.03
Amcor
7D
4.7%
1Y
-6.4%
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$110.62
Crown Holdings
7D
8.9%
1Y
6.9%
SW
US$46.98
Smurfit Westrock
7D
6.3%
1Y
9.1%
PKG
US$241.55
Packaging Corporation of America
7D
5.5%
1Y
27.5%
SLGN
US$46.23
Silgan Holdings
7D
11.0%
1Y
-15.0%
Narrative Update • Jun 22

SLGN: Dividend Momentum And M&A Ambitions Will Support Future P/E Re Rating

Silgan Holdings' analyst price target has been reduced by a few dollars to reflect recent cuts from several firms, partially offset by a modest $1 increase from one bank, as analysts align their views with updated assumptions on valuation inputs. Analyst Commentary Recent Street research on Silgan Holdings reflects a mix of cautious and constructive views as analysts adjust price targets and assumptions around valuation, execution, and growth prospects.
AVY
US$165.76
Avery Dennison
7D
4.5%
1Y
-5.6%
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$61.79
Ball
7D
7.1%
1Y
9.5%
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.
JBDI
US$0.55
JBDI Holdings
7D
-13.7%
1Y
-46.2%
MGIH
US$1.50
Millennium Group International Holdings
7D
-0.7%
1Y
-9.1%