Elevated Packaged Good and Temperature Controlled Packaging Sales Will Support Sonoco's 2021

Sonoco produces a wide range of consumer and industrial packaging, from Pringles cans to foam automotive bumpers to toilet paper cores. Product diversity and size enable Sonoco to serve nearly any packaging need in developed markets. However, this seeming benefit comes with exposure to giant consumer goods companies like Kraft Heinz or ConAgra, whose size afford them substantial bargaining power. While Sonoco may lack exposure to high-growth emerging markets like competitors Bemis or Sealed Air, stable demand allows a consistent and growing dividend.