BPJ WIRE2025-12-28FEATUREMembers only16 min read
BPJ MARKET

Six months into consolidation clean-up: five corrugated plants sold, and an EU regulatory “gap” that will reshape the market

In H2 2025, demand mattered less than post-M&A integration work and contract clauses. Mid-sized printers must decide what to pull in-house—and where to wait.

In H2 2025, the global print and packaging market was shaped less by macro sentiment and more by what happens after the deal closes: integration clean-up. Once mega-M&A is done, plant divestments, supply-chain rewiring, and spec rewrites begin. And inside that process, there are real profits a printing company can go win.

Gathered with AI. Thought through on the shop floor. Written for the future of print.

BPJ WIRE: stories selected and drafted by the BPJ desk from world news, fact-checked against the source ledger — published alongside the editor's own picks.

Coverage: H2 2025 · Written: Aug 20, 2026. Market reports are written after official statistics for the period are released. US BLS indexes include preliminary values, which may be revised for up to four months.

Translated from Japanese by AI. The Japanese original is authoritative.

Six months into consolidation clean-up: five corrugated plants sold, and an EU regulatory “gap” that will reshape the market

In H2 2025, the most practical question in the global print and packaging market wasn’t “how did demand move?” It was what happened to plants and contracts after acquisitions closed.

The mega consolidation in corrugated and folding carton had already closed once, back in 2024. The combination of Smurfit Kappa and WestRock was completed in July 2024. And 2025 became, in effect, “the year integration gets booked into the P&L,” with integration-related costs continuing to …

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