Westrock Packaging Price Increase 2024
WestRock announced price increases, largely citing higher production costs.
some observers believe the hikes are ill-timed and could reverse.
Fiber packaging companies decided to start 2024 with a bang: Multiple operators nearly simultaneously announced product price increases. Three weeks into the new year, the markets are iffy on whether to recognize the increases, furthering speculation about whether the actions are ill-timed and what they mean for supply-demand dynamics in 2024.
Announcements for the price increases began in early December. Implementation largely was set to begin on Jan. 1 or will start on Feb. 1.
Linerboard customers experienced the initial round of notable price bumps, the first in nearly two years for that market. Five of the six largest North American containerboard and corrugated box companies