Lincoln International’s Global Packaging Team Reports Strong 2022 and Continued Demand for Packaging in 2023
Packaging activity in 2022 was strong but experienced a continued cooling as the year finished. While the latter half of this year showed a decline in the total number of completed transactions, we continue to see both private and public companies engage sell-side advisors to best position themselves for when uncertain market dynamics subside. Although difficult to predict exactly when that will happen, it is possible we will see a rebound of M&A market activity in the second half of 2023 across the flexible, label, rigid and paperboard verticals.
A number of factors contribute to our outlook, including private equity hold period expirations, the availability of dry powder that must be spent in the near term and a continuous desire for “must-have assets” even in challenging market conditions. Furthermore, with fewer companies engaging in sell-side processes, we expect the demand for high-quality assets in sale processes to be stronger, driving competitive tensions that ultimately benefit sellers.
Summary
-
Lincoln International’s unwavering commitment to bring the best packaging companies to market with thoughtful and unique insights, intimate strategic and financial buyer knowledge and global commitment positions our clients for outsized outcomes and ideal partners for growth.
Select 2022 Global Packaging Transactions
Contributors
Meet Professionals with Complementary Expertise
![](https://cdn.lincolninternational.com/wp-content/uploads/Bjordal_Oyvind_wo_616x616.png)
I enjoy leading clients and realizing their objectives, while structuring solutions to issues that are both intriguing and challenging.
Øyvind Bjordal
Managing Director | Head of Switzerland
Zurich![](https://cdn.lincolninternational.com/wp-content/uploads/Marina-Ivan_616.png)
I take an active role in every stage of the transaction process in order to achieve the goals of my clients.
Iván Marina
Managing Director | CEO Spain
Madrid![](https://cdn.lincolninternational.com/wp-content/uploads/Suizdak_Guillaume_616.png)
I strive to deliver value-added advice, leveraging deep industry knowledge and extensive industry relationships.
Guillaume Suizdak
Managing Director & European Co-head of Industrials
ParisRelated Perspectives
![](https://cdn.lincolninternational.com/wp-content/uploads/Market-Update-Header__Packaging-Q1-880x240.jpg)
Packaging Quarterly Review Q2 2024
Over the last several years, the packaging industry has undergone significant transformations driven by rapid advancements in technology. From the introduction of innovative materials and sustainable practices to automation and… Read More
![](https://cdn.lincolninternational.com/wp-content/uploads/Packaging_feature-880x240.jpg)
De-Stocking has Subsided, Pricing has Normalized and Demand is Returning in Packaging
As supply chain disruptions ease and consumer demand stabilizes, the prolonged period of de-stocking, within packaging and the broader economy, is ending, as supported by the most recent Monthly Wholesale… Read More
![](https://cdn.lincolninternational.com/wp-content/uploads/Market-Update-Header__Packaging-Q1-880x240.jpg)
Packaging Quarterly Review Q1 2024
Supply chain constraints stemming from COVID-19 triggered significant shifts in demand, and access to, packaging supplies across various industries, as well as inventory management strategies. Over the course of the… Read More
![](https://cdn.lincolninternational.com/wp-content/uploads/Market-Update-Header__Packaging-Q4-880x240.jpg)
Packaging Quarterly Review Q4 2023
Mergers and acquisitions (M&A) markets closed Q4 2023 in a similar vein to previous quarters, with a decline in completed deals. The packaging market closely followed suit, also experiencing a… Read More