In the global paper & packaging industry, there were 33 M&A deals announced in Q4 2023, worth a total value of $1.4bn, according to GlobalData’s Deals Database. The $972.2m acquisition of CPMC by Changping (Hangzhou) Industrial was the industry’s largest disclosed deal. GlobalData’s Packaging Industry Mergers and Acquisitions Deals by Top Themes report for 2023 uncovers the dominant drivers behind the M&A landscape in the Packaging sector, delivering crucial insights into industry dynamics and shifts. Buy the report here.

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In value terms, M&A activity decreased by 26% in Q4 2023 compared with the previous quarter’s total of $1.9bn and rose by 49% as compared to Q4 2022. Related deal volume decreased by 15% in Q4 2023 versus the previous quarter and was 20% lower than in Q4 2022.

Notably, foreign direct investments (fdi)-related deals accounted for a 33% share of the global paper & packaging industry’s M&A activity in Q4 2023, up 42% over the previous quarter.

The top-ranked financial advisors supporting these M&A deals in Q4 2023 were Clearwater International; Rothschild & Co; BENCHMARK INTERNATIONAL with 2, 2, 1 deals respectively.

The top-ranked legal advisors supporting these M&A deals in Q4 2023 were CMS Legal Services EEIG; Cuatrecasas, Goncalves Pereira; Baker & McKenzie with 3, 3, 2 deals respectively.

For further understanding of GlobalData's Packaging Industry M&A Deals by Top Themes in 2023 – Thematic Intelligence, buy the report here.

This content was updated on 8 January 2024

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GlobalData, the leading provider of industry intelligence, provided the underlying data, research, and analysis used to produce this article.

GlobalData’s Deals Database tracks global deal activity, including mergers, acquisitions, capital raising, strategic alliances, and licensing agreements. Proprietary analysis is used to group deals into key thematic areas and granular sectors across the world’s largest industries.

This analysis considers only announced and completed deals from the GlobalData financial deals database and excludes all terminated and rumoured deals. Deal type includes Acquisition, Asset transactions and Mergers.