The packaging M&A outlook for 2025 is optimistic, with European firms anticipating positive growth in late 2024, according to Julien Lucas from William Blair. A resurgence of international packaging companies in Europe is fueling this optimism. The sustainable packaging trend continues, with private equity investors adapting to stricter ESG regulations, particularly following the European Commission’s Packaging and Packaging Waste Regulation. Numerous M&A deals have occurred in 2023 across Europe and North America, including acquisitions by Nutra-Med, Knowlton, and Onex, indicating a vibrant market poised for further activity in the coming months.