Sealed Air is implementing a price increase on products in its North American Product Care business.
The increases will be effective April 1, 2018.
The price adjustments are necessary because of increases in raw materials, freight, and other input costs.
A seven (7) percent price increase will be applied to the following products:
Bubble Wrap® IB Film, Bubble Wrap® Brand Air Cellular Products, Cell-Aire® Packaging Foam and Laminate Products, Fill-Air® Inflatables Film, FloWrap™ Film, Jiffy® TuffGard® Mailers, Jiffy® ShurTuff ® Mailers, NewAir I.B.® Film, PriorityWrap® Bubble, Shrink Film Products and Materials, Specialty Foams Products and Materials, TempShield™ Reflective Foil Air Cellular Material, and Wonderfil™ Film.
A five (5) percent price increase will be applied to the following products:
Consumable Paper for all Sealed Air Paper Systems, PriorityWrap® Rigid Board, Custom Wrap™ Converted Paper, Kushion Kraft® Converted Paper, Jiffylite® Kraft Bubble Mailers, Jiffy® Utility Mailers, Jiffy® Padded Envelopes, Jiffy Rigi Bag® Mailers, Korrvu® Suspension & Retention, Macerated Pads, and Rapid Fill® Automated Bags.
The business also previously announced increases in the prices of Instapak® products, which are effective March 15, 2018: lnstapak® chemical formulation prices will increase 15 cents per pound, lnstapak® packaging film prices will increase 6 percent and lnstapak Simple® "A" and "B" Component prices will increase 2 percent.
Sealed Air Corporation is a knowledge-based company focused on packaging solutions that help our customers achieve their sustainability goals in the face of today’s biggest social and environmental challenges.
Our portfolio of widely recognized brands, including Cryovac® brand food packaging solutions and Bubble Wrap® brand cushioning, enable a safer and less wasteful food supply chain and protect valuable goods shipped around the world. Sealed Air generated $4.5 billion in sales in 2017 and has approximately 15,000 employees who serve customers in 122 countries.