Input cost inflation
Paperboard manufacturing uses fiber, energy, transportation and labor that can rise faster than pricing.
- Scope
- Raw materials, energy, logistics and wages
- Materiality
- high
Graphic Packaging Holding Company
Graphic Packaging Holding Co. makes consumer packaging from paperboard, with a focus on cartons, multipack cartons, trays, carriers, canisters, cups and bowls. Its business combines paperboard manufacturing, packaging design and converting, serving branded food, beverage, foodservice, household, beauty and health care customers across the Americas and international markets.
15,6 %
18,6 %
5,2 %
−2,2 %
1.30
0.52
| % | |
|---|---|
| Consumer packaging | 55% Paperboard cartons, multipacks, trays, carriers and canisters used for retail consumer goods. |
| Foodservice packaging | 15% Cups, lids and food containers sold to foodservice chains and quick-service restaurants. |
| International paperboard packaging | 20% Paperboard packaging sold outside the Americas to CPG customers in food, beverage, health and beauty. |
| Paperboard manufacturing and third-party sales | 10% Internally produced paperboard and open-market paperboard sales to other packaging producers. |
The company sells mainly to multinational consumer packaged goods companies, beverage brands, food companies,...
- Beverage companiesprimary
Buy multipack cartons, carriers and beverage packaging to improve shelf presence and reduce plastic use.
- Food and consumer packaged goods companiesprimary
Buy cartons, trays and canisters for branded food, snack and household products.
- Quick-service restaurants and foodservice operatorssecondary
Buy cups, lids and food containers for takeaway and on-the-go consumption.
- Health, beauty and personal care brandssecondary
Buy cartons and specialty packaging that support premium presentation and product protection.
- Paperboard packaging producers and open-market buyersemerging
Buy paperboard supply when the company sells excess or third-party paperboard output.
Graphic Packaging operates at more than 100 locations in 20 countries, with sales offices across the U.S...
- •Americas is the largest operating base and main paperboard manufacturing region
- •International packaging serves Europe, Asia-Pacific and Latin America customers
- •Over 100 locations in 20 countries support local service and converting
- •Sales offices in the U.S., Europe, Japan, China, Brazil and Mexico broaden reach
- •International operations rely more on third-party paperboard sourcing
The company is focused on replacing plastic with recyclable paperboard packaging and on winning conversions through...
01
Sustainable packaging conversionmedium-term
Customer demand and regulation are pushing brands toward recyclable, lower-plastic packaging.
02
Innovation and product developmentmedium-term
New designs help win share, support premiumization and protect against substitution.
03
Operational productivityshort-term
The business faces raw material, energy and labor inflation that must be offset.
04
Integrated paperboard supplylong-term
Self-manufacture in the Americas supports quality, consistency and margin control.
The company is exposed to raw material, energy, transportation and labor inflation, and it may not always be able to...
Product substitution
Customers may switch to plastic, corrugated, molded fiber or other materials based on cost or performance.
- Scope
- Food, beverage and foodservice packaging
- Materiality
- high
Innovation and intellectual property risk
Value-added packaging depends on proprietary technologies and timely product development.
- Scope
- Patents, packaging machine technologies and design know-how
- Materiality
- medium
Execution risk from restructuring and closures
Exit activities can disrupt operations and create depreciation, severance and transition costs.
- Scope
- Packaging facilities and manufacturing network
- Materiality
- medium
Goodwill impairment
Europe reporting unit had significant goodwill and a narrower cushion than other units
Seasonality
Quarterly comparisons can be distorted without adjusting for seasonal demand
Exit activities and accelerated depreciation
Can materially affect operating income and comparability across periods
Receivables sales
Can change reported liquidity and working-capital metrics
: 28.4.2026