Packaging M&A Update: Q2 2025

Packaging trends

• Regulatory landscape
  Maryland became the sixth state with a packaging EPR law, joining Maine, Oregon, California, Colorado, and Minnesota. It requires producers to use recyclable or compostable materials.²

• Single-use plastics
  Extended Producer Responsibility (EPR) laws in the U.S. are accelerating the shift away from single-use plastics, setting mandatory reduction and recyclability targets for packaging.³

• Sustainable packaging
  AI-powered material characterization is a key trend, with material recovery facilities now deploying advanced vision systems to classify and quantify food-grade polypropylene packaging directly on sorting lines.⁴

This newsletter is a periodic compilation of certain capital markets information. Information contained in this newsletter should not be construed as a recommendation to sell or a recommendation to buy any security. Any reference to or omission of any reference to any company in this newsletter shall not be construed as a recommendation to sell, buy, or take any other action with respect to any security of any such company. We are not soliciting any action with respect to any security or company based on this newsletter. This newsletter is published solely for the general information of clients and friends of Deloitte Corporate Finance LLC. It does not take into account the particular investment objectives, financial situation, or needs of individual recipients. Certain transactions, including those involving early stage companies, give rise to substantial risk and are not suitable for all investors. This newsletter is based on information that we consider reliable, but we do not represent that it is accurate or complete, and it should not be relied upon as such. Prediction of future events is inherently subject to both known risks, uncertainties, and other factors that may cause actual results to vary materially. We are under no obligation to update the information contained in this newsletter. We and our affiliates and related entities, partners, principals, directors, and employees, including persons involved in the preparation or issuance of this newsletter, may from time to time have “long” and “short” positions in, and buy or sell, the securities, or derivatives (including options) thereof, of companies mentioned herein. The companies mentioned in this newsletter may be: (i) investment banking clients of Deloitte Corporate Finance LLC; or (ii) clients of Deloitte Financial Advisory Services LLP and its related entities. The decision to include any company for mention or discussion in this newsletter is wholly unrelated to any audit or other services that Deloitte Corporate Finance LLC may provide or to any audit services or any services that any of its affiliates or related entities may provide to such company. No part of this newsletter may be copied or duplicated in any form by any means, or redistributed without the prior written consent of Deloitte Corporate Finance LLC.

References

^1. Olga Kachook, 2025 sustainable packaging trends report, Sustainable Packaging Coalition, April 2025.
^2. Megan Quinn and Maria Rachal, “Maryland Gov. Moore signs packaging EPR into law,” Packaging Dive, May 13, 2025.
^3. Maria Rachal, “Voluntary packaging sustainability goals transform in the face of EPR", Packaging Dive, September 2025.
^4. Katie Pyzyk, “AI-enabled MRF technology aids food-grade polypropylene recovery,” Packaging Dive, March 25, 2025.