Sonoco Or Berry Global: Which Is The Better Buy Rated Stock?

 | Jun 22, 2017 11:03PM ET

Packaging demand has remained remarkably consistent in the past decade and consequently the industry has outperformed the S&P 500. Customer convenience remains the top priority for the companies in the global packaging market and thus they remain constantly focused on bringing in new packaging designs or redesigning their existing packaging as per customer preferences.

The packaging companies are focused on expanding geographic reach and realigning product offerings to reduce operational costs. They are targeting on high growth segments to strengthen financial position in the market.

At present, the market is witnessing intense restructuring and consolidation because of the overcapacity. The preference for value-added services and customized packaging solutions to provide convenience, safety, durability as well as freshness protection will continue to boost the industry.