Packaging Market News

Packaging Paper & Board

German papermaker Felix Schoeller Group announced that due to the still volatile effects of various cost increases, for energy and for raw materials, the Company forced to pass on further price increase from August 2022.

U.S. boxboard production in 2Q 2022 increased 1% compared to Q2 2021. It was up 2% when compared to the same 6 months of 2021. The boxboard operating rate was 95.3%, down 1.2 points from Q2 and essentially flat (+0.3 pts.) year-to-date.

International Paper's 2Q 2022 net sales increased by 13% to $5,389 million, compared to $4,770 million in the 2Q 2021. Net earnings (loss) were $511 million ($1.38 per diluted share) compared with $360 million ($0.95 per diluted share) in the 1Q 2022 and $432 million ($1.09 per diluted share) in the 2Q 2021.

Tetra Pak will be exiting its remaining operations in Russia. This marks the end of 62 years of Tetra Pak’s presence in country. Tetra Pak has now reached an agreement to divest its Russian business to local management.

Sonoco's net sales for the second quarter of 2022 were a record $1.91 billion, compared with last year's second quarter sales of $1.38 billion. For the first six months of 2022, net sales were a record $3.68 billion, up $948.3 million, compared with $2.74 billion in the first six months of 2021.

Antalis signs a binding offer to acquire the Cohal Group (Autoadhesivos Cohal, S.A. and Garalmi, S.A.), a leading supplier in the Spanish self‐adhesive labels and packaging products distribution market.