The global market for industrial containers and packaging is massive. According to Business Insider, the global market for such products was worth more than $300 billion in 2016 and is expected to grow by another $65 billion by 2021. As the demand for commercial storage increases, manufacturers of industrial containers and related products have seen their stock prices shoot up. So let’s look at three top stocks you can buy today if you want to invest in this growing industry.
Pactiv Evergreen (PTVE)
Pactiv Evergreen, Inc. manufactures corrugated containers, industrial bags, and other products. The company is also involved in the sale and lease of used containers. It does so through its Container Leasing, Used Container Sales, Containers, and other assets. The company operates in more than 15 countries across North America, South America, Europe, and the Asia Pacific. Its customers include Amazon, Costco, Procter & Gamble, Nestle, Starbucks, and Walmart. The company has seen its stock price rise by almost 50% in the last 12 months. Earnings per share are expected to grow by 16% next year.
Crown Holdings (CCK)
Crown Holdings, Inc., through its subsidiaries, designs, manufactures and sells packaging products worldwide. The company’s packaging products comprise cans, food and beverage containers, plastic containers, and other rigid containers, and flexible packaging, such as bags, wraps, and rolls, as well as other related products. It also offers other packaging solutions, such as integrated fulfillment solutions, contract packaging, and other services. The company operates in North America, Europe, Asia Pacific, and South America. Its customers include primary beverage, food, personal care, household products, chemical, and pharmaceutical companies. The company has seen its stock price rise by almost 35% in the last 12 months. Earnings per share are expected to grow by 16% next year.
Avery Dennison (AVY)
Avery Dennison Corporation manufactures and sells labels, specialty tapes, and other products for apparel and other industries. The company’s products are used in garment decoration, garment identification, textile, and other sectors, such as food and beverage, automotive, healthcare, and cosmetics. The company operates in three segments: Apparel and Industrial Specialties, Retail and Graphics, and Health Care. It has operations globally. The company has seen its stock price rise by almost 30% in the last 12 months. Earnings per share are expected to grow by 15% next year.
Silgan Holdings (SLGN)
Silgan Holdings, Inc. manufactures rigid and flexible packaging products, such as cans, plastic containers, and other metal containers, and fabricated and integrated packaging, such as bags, wraps, and rolls. It also offers other packaging solutions, such as integrated fulfillment solutions, contract packaging, and other services. The company operates in North America, Europe, Asia Pacific, and South America. Its customers include primary beverage, food, personal care, household products, chemical, and pharmaceutical companies. The company has seen its stock price rise by almost 30% in the last 12 months. Earnings per share are expected to grow by 15% next year.
Conclusion
Investing in industrial container stocks can be a great way to play the global demand for commercial storage products. If you want to invest in this industry, you can look at stocks like Pactiv Evergreen, Crown Holdings, Avery Dennison, and Silgan Holdings. These stocks have seen a rise in stock prices in the last 12 months.
Read More: Top Industrial Containers & Packaging Stocks You Can Buy Today