CHARLOTTE, North Carolina—Sealed Air Corporation is implementing a price increase of four percent for the majority of its North American Product Care division packaging products, effective March 1st, 2017.
This price adjustment is in response to increases in the cost of resin and other raw materials that are expected during 2017, and to address the rise in other input costs such as labor, utilities, freight, and supplies.
“We have taken significant actions across the Product Care business to offset these cost increases over the past few years while maintaining our commitment to providing the most innovative solutions to our customers. In doing so we have mitigated the need for broad price adjustments across our portfolio since 2014; however, market forces require that we take action now to counter these inflationary increases, including the recent rise in petroleum based input cost.” said Kenneth P. Chrisman, president of Sealed Air’s Product Care division.
The four percent price increase will be applied to: NewAir I.B. Film, Bubble Wrap IB Film, Fill-Air Inflatables Film, Instapak Film & Dispenser Solution,Bubble Wrap Air Cellular Packaging, Jiffy & Jiffy TuffGard Mailers, Cell-Aire Packaging Foam, Korrvu Suspension & Retention Packaging, PriorityWrap materials, all shrink film product lines, and consumable paper for all paper systems.