Containerboard market sees “largest downward capacity adjustment ever”

This according to Fastmarkets Paper Packaging Monitor. On the heals of IP closure of 1.4 million tons of containerboard added to closures by Greif, Georgia Pacific, Cascades, and Smurfit Westrock brings a total of nearly 4 million tons removed from the market this year alone. These closures will send operating rates into the mid-nineties in 2026. We can expect price increase at these operating rates and Fastmarkets is projecting $50/ton next year.
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Voluntary packaging sustainability goals transform in the face of EPR

“EPR sets the floor, but voluntary commitments are what are going to set the pace,” said U.S. Plastics Pact CEO Jonathan Quinn. Extended producer responsibility laws in the U.S. are setting a new bar for packaging. But don’t expect voluntary corporate goals to be rendered obsolete, some industry experts say. Numerous companies, including those aligned with the Ellen MacArthur Foundation’s global commitment, previously pursued sustainability targets for their packaging portfolios that were pegged to 2025. These were largely related to reducing virgin plastic use or enabling packaging to be recycled, composted or reused. Ultimately, despite progress in some areas, many businesses reported notable gaps between ambition and reality.
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A paper wrapper that meets the challenge of chocolate: UPM & Orkla Suomi team up for innovative solution

Finnish food and confectionery processor Orkla Suomi wanted to find a paper-based packaging solution to support its goal of increasing the share of renewable packaging materials without compromising recyclability. During a six-month pilot period, new wrappers for Panda brand chocolate bars replace traditionally used PP-plastic wrappers. The new solution uses UPM Specialty Papers Asendo™ barrier paper. The paper’s built-in grease-barrier protection removes the need for an additional plastic layer. A cold-seal lacquer allows the package to be sealed on existing flow-wrap packaging machines, and the new packaging has undergone testing, including shelf-life studies. “We want to make everyday life better with local brands that bring joy and make sustainable choices easier. A great example of our ongoing efforts to replace fossil-based materials with renewable alternatives is the new paper-based, chocolate-tablet packaging,” says Arja Laitinen, packaging developer at Orkla Snacks. Chocolate can be a challenging product to package in paper, due to its relatively high grease level. So the new type of wrapper is based on UPM Asendo Pro 75-gsm barrier paper, which offers the required level of grease-barrier properties and is also certified for food safety to BfR and FDA standards.
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On Amazon, the ‘Made in USA’ boom fizzles as price wins out

Back in the spring, “Made in USA” became one of Amazon’s hottest search terms. Anxiety around tariff-induced price hikes had shoppers punching in patriotic queries, giving online merchants hope that domestic manufacturing may give them a competitive edge. But the momentum proved fleeting. New data from Momentum Commerce, a retail consultancy, shows that searches for “Made in America” products have since collapsed, reverting by July 2025 to nearly identical levels as the prior year. And even at their peak, those searches barely translated into sales.
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Sycamore Partners closes Walgreens acquisition, splits retailer into 5 companies

Rumors of Walgreens’ sale swirled for months before it was announced in March, as the company’s core retail pharmacy business struggled and a pivot to offering healthcare services failed to yield the return on investment that executives expected. Walgreens shareholders overwhelmingly approved the sale to Sycamore in July, after Wentworth said the firm might have the leadership expertise to help the retailer address mounting financial pressures head on. Though Wentworth is being replaced as CEO, the executive will remain as an ongoing director, the company said. John Lederer, a former director of Walgreens and a senior advisor to Sycamore, has been named Walgreens’ executive chairman. Walgreens also continued to carry high levels of debt ahead of the sale, reporting $429 million in short-term debt and nearly $7 billion in long-term debt in the nine-month period ending May 31. Sycamore Partners’ portfolio includes several other retail brands, including Belk, Staples and Lane Bryant. The private equity firm does not have extensive exposure in healthcare.
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PCA completes $1.8B acquisition of Greif’s containerboard business

Greif completed the divestiture of its containerboard business to Packaging Corporation of America for $1.8 billion in cash, the companies announced after markets closed Tuesday afternoon. The transaction itself closed on Sunday, according to a securities filing. “The closing of this sale marks an important step forward for Greif,” Greif President and CEO Ole Rosgaard said in a statement. “This transaction unlocks immediate value for our shareholders and allows Greif to deliver stronger and more consistent earnings power, enhances our capital efficiency, and accelerates debt reduction.” The company plans to use proceeds from the sale to pay down approximately $1.4 billion in debt, according to another securities filing.
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Regulations Shaping Specialty Papers Market Over Next Five Years

The market for specialty papers is continually changing due to demand for sustainable packaging solutions, evolving environmental regulations, new papermaking technologies, and new materials for paper and coatings. The Future of Specialty Papers to 2030, a new report from Smithers, details these trends as well as the latest developments in biobased coatings and alternative fibers, e-commerce and more. According to the new research, the global specialty papers market is predicted to be 28.2 million tonnes in 2025 and projected to grow to 31.3 million tonnes by 2030. This represents a compound annual growth rate (CAGR) of 2.1% for this five-year period. The largest categories of specialty papers are flexible packaging, printing papers, and printing labels, representing 49% of the 2025 market tonnage. The Impact of Regulations Sustainable packaging structures and the governing policies that support them are key drivers in changing the kinds of products that are made, how they are designed, which raw materials are utilized, and their disposition at the end of their lifecycle. Non-recyclable film structures used in flexible packaging are being displaced by new barrier coated paper structures, which are recyclable. Also included is the requirement for recycled content in the package design. The objective is to reduce packaging waste that goes into landfills. Packaging companies that do not comply with the new regulations will pay a fee that supports the recycling infrastructure. In the EU, a new regulation called the Packaging and Packaging Waste Regulation (PPWR) has been enacted to reduce packaging waste and promote recyclable alternatives. Revised in 2025, the new legislation replaced the Packaging and Packaging Waste Directive (PPWD). The PPWR imposes strict rules on packaging design, recycling, and waste reduction.
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Did Packaging Play a Role in the Kraft Heinz Breakup?

When Kraft Foods Group Inc. and the H.J. Heinz Co. joined forces back in 2015, the goal was to achieve economies of scale and enable Kraft’s brand to piggy-back off of Heinz’s global reach. Ten years on, however, the company’s market capitalization is less than a third of what it was at its peak, and the merger is widely seen as a failure. When your brand stands for something that consumers don’t want, that’s a problem. Just ask Budweiser. At the same time, upstart brands are moving in on staid national brands with health-focused staple products and eye-catching packaging. Consider Goodles, a box macaroni and cheese brand launched in 2021 that has grown its share of the market from 0.6% in 2023 to 4% last year, as reported by The Wall Street Journal. Goodles boasts that its products have more protein and fiber than competitors like Kraft Mac & Cheese and Annies. Goodles also defines its competitors by their packaging (Kraft = Blue Box, Annies = Purple Box) and stands out on shelves with its own bold logo and brightly colored boxes. Another reason being blamed for the Kraft Heinz split is consumers’ continuing support of private label brands. In a shift that started during the Great Recession, cost-conscious shoppers have continued their openness to opt for store brands over brand-name staples. Studies have shown that consumers believe private label products are largely similar in quality to their name-brand counterparts, leaving only one thing to differentiate the two: packaging. And yet, it can be hard to pick out the Heinz in a wall of ketchup at the grocery store.
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Ranpak lands second major e-commerce deal of 2025

A deal with Walmart comes shortly after one with Amazon. CEO Omar Asali discusses the importance of these enterprise customers and navigating economic uncertainty ahead of the busy holiday season. Ranpak is expanding its automation solutions at Walmart’s distribution centers. Under the multiyear agreement, Walmart will install Ranpak’s AutoFill machines at sites in the Chicago, Dallas, Philadelphia and Sacramento, California, metro areas. Walmart already uses this equipment at an Indianapolis-area fulfillment center, where it automates void filling and box closing to increase productivity.  This is the second major deal Ranpak has landed this year with an e-commerce giant. In January, Amazon agreed to spend $400 million on an eight-year deal to acquire up to 18.7 million Ranpak shares, which will amount to an estimated 17% of the company’s shares when completed.
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Mexico’s avocado industry pledges deforestation-free exports by 2026

The United States is Mexico’s top avocado export market and the destination for 80% of the 1.34 million metric tons — worth about $4 billion — predicted to be exported in 2025, according to a 2025 U.S. Department of Agriculture report. Ana Ambrosi, director of the Avocado Institute of Mexico, the industry groups’ corporate communications arm, told ESG Dive that the industry creates $7.5 billion in economic output in the U.S. and $6 billion in Mexico. APEAM and MHAIA, which represent 90 packers, 35,000 growers and 54,000 orchards, estimate that the industry supports 78,000 direct jobs in Mexico and more than 42,000 U.S. jobs, per the press release. Under the industry groups’ new commitment, orchards planted on land deforested between 2018 and 2024 will be able to qualify for the deforestation-free certification if they compensate for any lost ecosystem services, preferably through interventions in the environment rather than financial reparations, Ernesto Enkerlin, an environmental consultant for APEAM and MHAIA, told ESG Dive. As of 2026, orchards on land deforested from 2025 onward will never be eligible for export, per the announcement.
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Global toilet-paper market to approach US$47 billion in 2033, up 4.5% CAGR, says new study

The global toilet-paper market was valued at US$41.04 billion in 2024 and is projected to reach US$42.88 billion this year, further expanding to US$46.83 billion by 2033, growing at a CAGR of 4.5% from 2025 to 2033, says a new study via Business Research Insights. Toilet paper is a key part of the hygiene and personal-care market, mostly because people use it every day, and there is growing attention on the need for sanitation. Strong retail services and a desire to use premium, environmentally sustainable and thicker papers give North America and Europe dominance in this market. At the same time, Asia-Pacific, Latin America and Africa are showing steady growth because of cities becoming bigger, living standards increasing. New methods for sustainable manufacturing such as using bamboo for toilet paper and other recycled-paper options, are growing in popularity due to people’s concern for the environment.
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Chicago-based catalog company lays off staff

Looking to buy a nose hair trimmer, wearable neck air conditioner or holographic fish tank from the always quirky Hammacher Schlemmer catalog? Time may be running out. Last week, the Chicago company laid off 21 employees — most of its staff — in a brief video conference call, according to four former employees who lost their jobs. “They told us that Hammacher was going to cease operations, and that all of our positions were effectively gone,” said Carol-Joy Kilpatrick, 50, of Tinley Park, senior art director at Hammacher Schlemmer for 19 years. “I’m devastated.” It is unclear what the company’s plans are for the venerable brand, the oldest catalog retailer in the U.S. Hammacher Schlemmer, which was acquired last year by S5 Equity, a California-based investment firm, did not respond to multiple requests for comment. Deposited in nearly 50 million mailboxes each year, the most recent catalog was canceled before going to the printer this month, Kilpatrick said, a first in her two-decade tenure with the company.
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