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.

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 …
The rest is for members
Read the full article. Our feature reports also carry an archive-grade one-page brief (BPJ VISUAL BRIEF) — every figure with its source.
Already a member? Log in
Sources
- U.S. Bureau of Labor Statistics 生産者物価指数(系列 WPU0913・公開APIから取得)
- U.S. Bureau of Labor Statistics 生産者物価指数(系列 WPU0911・公開APIから取得)
- U.S. Bureau of Labor Statistics 生産者物価指数(系列 WPU0914・公開APIから取得)
- 欧州委員会(European Commission)Packaging waste ページ
- EU Council(欧州連合理事会)Press release / 2025-12-18
- 欧州議会(European Parliament)Document
- SEC EDGAR(Smurfit Westrock 年次報告書/Form 10-K)
- International Paper(Form 8-K PDF) / 2025-07
- HEIDELBERG Press Release
- BOBST investor(Ad hoc release: 2025 results)
Beyond Printing Journal — read the world through print, and print the future.