Industry Insights: Global Packaging Update Winter 2021

With 2020 finally behind us, we can see how the global pandemic impacted the packaging industry and, more specifically, packaging mergers & acquisitions. Overall, Packaging fared better than many sectors of the economy. This was in part driven by a large portion of packaging destined for inelastic markets such as food, personal care, and healthcare as well as a favorable raw material environment for the better part of the year. However, a deeper dive into the various packaging end markets leads to a wide array of year-over-year results for sales and volumes.