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2 clusters · 3 sources · 3 days · First seen · Last updated

Global packaging industry growth and cost pressures

Overview

Major packaging companies, including Crown Holdings and Packaging Corporation of America (PCA), have reported strong third-quarter results driven by increased shipment volumes and strategic pricing.

Crown Holdings noted a 6% increase in global beverage can shipments, describing the trend as a “global growth spurt.” While North American volumes grew by 6%, Asia saw double-digit growth and Europe increased by 4%. To combat inflationary pressures from energy, industrial gases, and freight—partially attributed to conflicts in the Middle East—Crown Holdings has utilized pass-through costs and plans to implement automatic contractual recovery formulas starting in 2027.

Similarly, PCA reported a 12.5% year-over-year increase in net sales to $2.6 billion, supported by an 11% rise in shipments. Despite this growth, PCA noted challenged demand in sectors such as agriculture and beef, and is prioritizing price increases for containerboard to offset rising costs in chemicals, power, recycled fiber, and freight.

Entities

Crown Holdings · Timothy J. Donahue · Greif · Packaging Corporation of America · Mark Kowlzan

Timeline

  1. [BUSINESS] 2 sources
    Packaging companies report growth amid shifting demand and rising costs

    Packaging Corporation of America and Crown Holdings report increased sales and shipments, leveraging pricing and beverage can demand to offset rising material and operational costs.

  2. [BUSINESS] 2 sources
    Crown Holdings reports global beverage can volume growth

    Crown Holdings reported a 6% rise in global beverage can volumes for Q3 2026, despite inflationary headwinds from Middle East conflicts affecting energy and freight costs.

Sources

packagingdive.com · theascent.com · voeazul.com.br