Industry Insights: Global Packaging Industry, Winter 2022
2021 was remarkable for the economy, the transaction market overall, and specifically for the Packaging Transaction Market. Packaging companies benefitted from robust demand which grew pipelines and revenue forecasts, with many companies producing record results. There were challenges, however, as many struggled to keep up with material price increases, unavailability of key components, delays in expansion plans and labor shortages. The transaction market looked beyond these issues, however, with our recorded deal volume up 45% in 2021 to a total of 444 deals. To be sure, some of this is a reporting bias as every year brings better data collection. Nevertheless, all market participants agreed that 2021 was an unusually elevated level of activity.
