O-I Glass sees lower volumes in Q1 but raises 2023 earnings guidance

Higher selling prices helped overcome year-over-year sales volume declines, which O-I attributed in part to disruptive events, customer destocking and softer consumer demand in some areas.

By Maria Rachal • April 27, 2023

Crown reports sales growth in Americas Beverage, hopes for carbonated soft drinks uptick

Can volumes were down 2.5% amid inflation’s impact on consumers and economic slowdowns in some international markets, said CEO Tim Donahue. The company anticipates summer trends could boost drink sales soon.

By Maria Rachal • April 26, 2023

PCA misses earnings targets due to box demand ‘well below our expectations’

Despite indicators becoming “more negative as the months went on” related to containerboard demand, executives from Packaging Corporation of America said they’ve seen volumes turn around in April.

By Katie Pyzyk • April 25, 2023

Tracking packaging mergers and acquisitions in 2025

Novvia Group is growing in rigid packaging distribution for consumer products, while SupplyOne is ramping up digital production. Soteria Flexibles, IPL and Meyers also announced deals.

By Maria Rachal , Katie Pyzyk , Cole Rosengren • Updated May 2, 2025

Early earnings indicators point to wrinkles in the wrappers

Bank of America and Zacks are among the firms that have noted Q1 challenges due to cost pressures, destocking and more. One big question is whether the slump will turn around this year or if it’s a harbinger of a recession.

By Katie Pyzyk • April 24, 2023

Colgate-Palmolive, Keurig Dr Pepper enhancing reuse efforts

While companies have worked on packaging reuse systems, some investors think more robust reporting could build momentum for action across the industry.

By Maria Rachal • April 17, 2023

Packaging M&A may be more measured, but still active, in year ahead

High interest rates and more consolidation may be limiting major deals, but the role of private equity and sustainability demand remain influential. Experts from Specright, Deutsche Bank and the Plastics Industry Association weigh in.

By Cole Rosengren • April 7, 2023

Greif buys majority stake in industrial packaging company Centurion Container for $145M

Greif hopes the deal stemming from a 2020 joint venture will “greatly expand” its North American presence and be a circular solution for intermediate bulk containers and plastic drums.

By Maria Rachal • April 4, 2023

Packaging companies announced US facility closures, at least 1,800 planned layoffs, in Q1

Ball, O-I Glass, Pactiv Evergreen, Sonoco and others are all trimming operations in multiple states.

By Maria Rachal • Updated March 30, 2023

5 factors influencing packaging design and operations

From navigating inflation and changing regulations to assessing the impact of automation and plastics M&A, these are some of the top industry trends to watch.

By Katie Pyzyk , Maria Rachal , Cole Rosengren • March 27, 2023

Billerud North America to get new president as it pursues regional growth

Kevin Kuznicki, previously deputy president and general counsel, will take the helm as the Swedish paper specialist looks to expand its U.S. business following the 2022 acquisition of Verso.

By Maria Rachal • March 27, 2023

Fed hikes main rate by quarter-point, notes ‘resilient’ banking system

The central bank tightened borrowing costs despite banking instability as inflation persists well above its 2% target.

By Jim Tyson • March 23, 2023

Sonoco reports ‘pivotal year’ of growth driven by consumer packaging demand and M&A

During a recent earnings call, CEO Howard Coker touted the importance of the company’s metal packaging acquisition — its largest ever — and why he thinks it “feels like we are in a recession.” 

By Katie Pyzyk • Feb. 13, 2023

WestRock notes global paper market headwinds but touts sustainability investments as growing opportunity

WestRock reported lower Q1 income and withdrew full-year guidance due to market uncertainty. CEO David Sewell said increased packaging revenue and a focus on plastic packaging replacement projects are positive signs, however.

By Megan Quinn • Feb. 2, 2023

Northstar Recycling acquires Sonoco’s ‘asset-light’ waste services business

The private equity-backed company has purchased a business that focuses on providing third-party service and consulting to large manufacturing clients from the major packaging company.

By Cole Rosengren • Feb. 1, 2023