Packaging’s next chapter: Unlocking value and accelerated deal flow in a global post mega-merger era​

The global packaging industry is entering a new strategic cycle shaped by margin pressure, valuation resets, and rising regulatory demands. A prolonged period of weak demand, higher borrowing costs, and volatile trade have exposed structural challenges, especially for mid‑tier converters and capital‑intensive packaging producers. Many companies now face lower asset utilization, higher input and compliance costs, and limited organic growth, which is prompting a renewed wave of mergers and acquisitions. Private equity is also expected to release a significant pipeline of assets beginning in 2026, adding further momentum.

Regulation in Europe and the US is accelerating consolidation. Europe’s sustainability mandates favor larger, multi‑material players with the scale to absorb compliance costs and invest in circularity. In the US, the fragmented rollout of packaging rules is increasing the value of flexible footprints, access to recycling infrastructure, and recycled content capability. As a result, acquisition priorities are shifting toward capability building in areas such as recyclability, recycled content integration, fiber security, and energy efficiency.

Success in this environment requires clarity of focus and disciplined growth. Leading companies are prioritizing core assets, improving operational performance, and pursuing targeted acquisitions in high‑value substrates and strategic regional markets. Those that act early will shape the next phase of value creation in a rapidly changing industry.