PKG · 8-K · 20261022PR428056

Market Demand Trends

PACKAGING CORP OF AMERICA · 2026-10-22 · Importance 42 · Surprise 40

Total corrugated products shipments increased 10.6% per day and in total year over year in the third quarter, while shipments in the legacy packaging business declined 0.5% per day and in total. PCA cited some weakness in agricultural end markets in its corrugated business. It expects solid corrugated products demand and some seasonal improvement in the fourth quarter, with shipments per day around the prior-year quarter’s level and total shipments above the third quarter despite two fewer shipping days. Paper segment sales volume declined 2.5% year over year; the company expects seasonally lower paper volume and slightly higher prices in the fourth quarter.

Key facts