The packaging material manufacturing industry is largely driven by overall consumer spending, and the pandemic-driven monetary support by governments increased this spending through early 2023, despite rising interest rates.

If consumer spending declines as expected in 2023, the industry is likely to see overall revenue declines as well. Additional revenue pressures include shifts toward reusable packaging solutions and continued supply chain constraints of both wood and plastic. 

The attached Industry Update looks at the packaging materials manufacturers' headline transactions, Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITA) margins, revenue growth, and more.

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For more information, please reach out to project leads Kathleen Lauster, CFA, and Matthew Lapish

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