Paper supply availability
The company needs suitable paper from a limited supplier base to make its products.
- Scope
- PPS consumables and systems
- Materiality
- high
Ranpak Holdings Corp.
Ranpak Holdings Corp. makes paper-based protective packaging systems and end-of-line automation solutions for e-commerce and industrial supply chains. The company sells consumable paper packaging, installed systems, and automation equipment through distributors, direct end-user relationships, and integrator channels across North America, Europe, and Asia.
10,7 %
33,1 %
−9,7 %
+7,1 %
1.83
1.47
| % | |
|---|---|
| Protective Packaging Solutions (PPS) | 90% Paper-based packaging systems and consumables used to protect shipped goods. |
| Automation Systems (AS/APS) | 10% End-of-line automation equipment that streamlines packing, box closure, and labeling. |
Ranpak sells primarily to distributors that resell paper packaging and systems to end-users, with direct sales to...
- Distributorsprimary
Buy paper consumables and systems for resale to fragmented end-user markets; this is the core route to market.
- Direct end-userssecondary
Large warehouse operators and sophisticated fulfillment centers buy systems directly for customized deployment.
- Warehouse automation integratorssecondary
Integrators purchase automation solutions to embed Ranpak into broader warehouse automation projects.
- E-commerce end-usersprimary
Online retailers and fulfillment networks buy packaging and automation to protect goods and reduce labor.
- Industrial supply chain customerssecondary
Manufacturers and logistics operators buy packaging systems for shipping efficiency and product protection.
Ranpak operates globally, with manufacturing and operating facilities in the United States, Europe, and Asia...
- •North America generated about 47% of 2025 net revenue
- •Europe generated about 45% of 2025 net revenue
- •Asia and other locations generated about 8% of 2025 net revenue
- •Manufacturing facilities are in the U.S., Europe, and Asia
- •Automation facilities are in Shelton, Connecticut and the Netherlands
Ranpak’s strategy centers on expanding installed systems, deepening recurring consumables revenue, and selling more...
01
Expand installed base and recurring consumables revenuemedium-term
Installed systems create ongoing demand for paper consumables and service relationships.
02
Increase automation salesmedium-term
Automation can raise wallet share and embed Ranpak deeper in customer operations.
03
Leverage distributor and integrator channelsshort-term
These channels extend reach across fragmented markets without heavy direct-sales infrastructure.
04
Broaden geographic presencelong-term
A wider footprint supports multinational customers and diversifies regional demand.
Ranpak is exposed to supply-chain and input-cost risk because its packaging products depend on suitable paper and...
Input cost inflation
Kraft paper and related inputs can move materially and affect product economics.
- Scope
- Paper packaging products
- Materiality
- high
Customer concentration
A small number of large customers account for a substantial portion of revenue.
- Scope
- Amazon, Walmart and other large end-users
- Materiality
- high
Distributor channel dependence
Most paper consumables are sold through third-party distributors that can terminate or underperform.
- Scope
- Worldwide distributor network
- Materiality
- high
Foreign exchange and geopolitical exposure
The company operates across regions and is exposed to currency swings, sanctions, and trade actions.
- Scope
- North America, Europe, Asia
- Materiality
- medium
Tariff exposure on equipment sourcing
Some PPS converters and components are sourced from China and other Asian countries.
- Scope
- U.S. operations and capital expenditures
- Materiality
- medium
Revenue recognition
Can shift revenue between periods and affect comparability
Goodwill and intangible impairment
Potential non-cash charges if expected cash flows weaken
Foreign currency translation and transaction effects
Can create volatility in reported earnings and equity
Restructuring and integration costs
Affects comparability between GAAP and adjusted results
Lease and equipment-related accounting
Affects depreciation, lease expense, and balance sheet assets
: 29.4.2026