8 November 2023
Paper & Packaging Report 2023
more M&A deals relative to its size than the broader manufacturing industry over the past decade
more M&A deals relative to its size than the broader manufacturing 
 Bain & Company release Report on Paper & Packaging. Paper and packaging had a blockbuster 2022. Coming out of the pandemic, companies made a panicked rush to secure their supply chains. Combined with climbing inflation, nearly every company in the sector was able to raise prices and make record profits. Then, in 2023, demand started dipping while raw materials, logistics, and labor costs continued to increase. And the environmental impact of packaging production, use, and
disposal continues to come under increasing scrutiny from the public and regulators. As a result, the current moment is more turbulent than ever. But this tumult presents opportunities to gain market share and generate real shareholder returns. As Bain & Company explores 
in their inaugural report, leading companies are prioritizing sustainability, commercial excellence, and M&A opportunities. 
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