State of the Industry: Global Consolidation in Packaging

Fiber packaging—Making up the second most active sector in packaging, fiber-based packaging accounted for 28 percent of all transactions since 2003. Deal volume in the segment has increased at a 14 percent compound annual growth rate since 2001, and consolidation has had dramatic effects on the industry structure. As of 2000, the top ten fiber-based packaging companies possessed approximately a 60 percent market share. With RockTenn's $3.5 billion acquisition of Smurfit-Stone, the top five companies in the segment now maintain a 60 percent market share.