Paper Packaging to 2008

TABLE OF CONTENTS

INTRODUCTION

I. EXECUTIVE SUMMARY

II. MARKET ENVIRONMENT

General

Macroeconomic Outlook

Demographic & Household Trends

Age Distribution Patterns

Other Demographic Trends

Consumer Spending Trends

Manufacturing Trends

Packaging Overview

Raw Materials

Pricing Trends

Environmental & Regulatory Issues

International Activity

Foreign Trade

III. PRODUCTS

General

Rigid Packaging

Cartons

Gabletop Cartons

Aseptic & Retort Cartons

Protective Packaging

Mailers

Paperboard Protectors

Cans & Tubes

Markets

Producers

Sleeves

Tubs & Cups

Blister Cards

Trays

Other

Flexible Packaging

Bags & Sacks

Wrap

Pouches

IV. MARKETS

General

Food

Food Industry Outlook

Paper Packaging Demand

Pet Food

Dry Food

Candy & Snacks

Dairy Products

Frozen Food

Baked Goods

Other

Manufacturing

Durable Goods

Durable Goods Outlook

Paper Packaging Demand

Agricultural & Horticultural

Agricultural & Horticultural Outlook

Paper Packaging Demand

Chemicals

Chemical Industry Outlook

Paper Packaging Demand

Medical & Pharmaceutical

Medical & Pharmaceutical Industry Outlook

Paper Packaging Demand

Other

Beverage

Beverage Industry Outlook

Paper Packaging Demand

Juice

Milk

Other

Foodservice

Foodservice Industry Outlook

(continued on next page)

Paper Packaging Demand

Quick Service

Other

Other

V. INDUSTRY STRUCTURE

General

Market Share

Sonoco Products

International Paper

Smurfit-Stone Container

Tetra Pak

Acquisitions & Divestitures

Competitive Strategies

Manufacturing

Marketing & Distribution

Research & Development

Cooperative Agreements

Company Profiles

Bagcraft Packaging LLC, see Packaging Dynamics

Bemis Company Incorporated

Blue Ridge Paper Products Incorporated

Burrows Paper Corporation

Caraustar Industries Incorporated

Cardinal Health Incorporated

Cascades Incorporated

Cascades Sonoco Incorporated, see Cascades Incorporated

and Sonoco Products Company

Cinram International Incorporated

Dopaco Incorporated, see Cascades Incorporated

Exopack LLC

Ferd AS

Field Container Company LP

Georgia-Pacific Corporation

Graphic Packaging Corporation

Greif Incorporated

Gulf States Paper Corporation

(continued on next page)

Hood Companies

Huhtamaki Oyj

Illinois Tool Works Incorporated

International Converter Incorporated, see Packaging

Dynamics Corporation

International Paper Company

ITW Angleboard, see Illinois Tool Works Incorporated

MeadWestvaco Corporation

Menasha Corporation

Packaging Dynamics Corporation

Pactiv Corporation

Papercon Incorporated, see Packaging Dynamics

Perfecseal, see Bemis Company Incorporated

Potlatch Corporation

Rock-Tenn Company

RTS Packaging LLC, see Rock-Tenn Company and

Sonoco Products Company

SCA North America Incorporated, see Svenska Cellulosa

Shorewood Packaging, see International Paper Company

SIG Holding Limited

Simkins Industries Incorporated

Smurfit-Stone Container Corporation

Solo Cup Company

Sonoco Products Company

Southeastern Packaging Incorporated, see Svenska

Cellulosa

Southern Champion Tray LP

Specialized Packaging Group Incorporated

Specor Systems Incorporated, see Svenska Cellulosa AB

Svenska Cellulosa AB

Tetra Laval International SA

Weyerhaeuser Company

Wolf Packaging Incorporated, see Packaging Dynamics

Additional Companies Involved in Paper Packaging

LIST OF TABLES

SECTION I -- EXECUTIVE SUMMARY

Summary Table

SECTION II -- MARKET ENVIRONMENT

1 Macroeconomic Indicators

2 Population & Households

3 Personal Income & Expenditures

4 Manufacturers Shipments

5 Packaging Shipments

6 Raw Material Demand in Paper Packaging

7 Selected Paper Packaging Prices

SECTION III -- PRODUCTS

1 Paper Packaging Demand by Type

2 Rigid Paper Packaging Demand

3 Paper Cartons Demand

4 Gabletop Cartons Demand

5 Aseptic Cartons Demand

6 Protective Paper Packaging Demand

7 Composite Cans & Tubes Demand

8 Paperboard Sleeves Demand

9 Paperboard Tubs & Cups Demand

10 Blister Cards Demand

11 Paperboard Trays Demand

12 Other Rigid Paper Packaging Demand

13 Flexible Paper Packaging Demand

14 Paper Bags & Sacks Demand

15 Paper Wrap Packaging Demand

16 Paper Pouches Demand

SECTION IV -- MARKETS

1 Paper Packaging Demand by Market

2 Food Shipments

3 Food Market for Paper Packaging

4 Pet Food Market for Paper Packaging

5 Dry Food Market for Paper Packaging

6 Candy & Snack Food Market for Paper Packaging

7 Dairy Product Market for Paper Packaging

8 Ice Cream Market for Paper Packaging

9 Other Dairy Product Market for Paper Packaging

10 Frozen Food Market for Paper Packaging

11 Baked Goods Market for Paper Packaging

12 Other Food Market for Paper Packaging

13 Manufacturing Market for Paper Packaging

14 Durable Goods Shipments

15 Durable Goods Market for Paper Packaging

16 Agricultural Indicators

17 Agricultural & Horticultural Market for Paper Packaging

18 Chemical Shipments

19 Chemical Market for Paper Packaging

20 Pharmaceutical & Medical Shipments

21 Pharmaceutical & Medical Market for Paper Packaging

22 Other Manufacturing Market for Paper Packaging

23 Beverage Shipments

24 Beverage Market for Paper Packaging

25 Juice Market for Paper Packaging

26 Milk Market for Paper Cartons

27 Other Beverage Market for Paper Packaging

28 Foodservice Revenues

29 Foodservice Market for Paper Packaging

30 Quick Service Restaurant Market for Paper Packaging

31 Other Foodservice Market for Paper Packaging

32 Other Markets for Paper Packaging

SECTION V -- INDUSTRY STRUCTURE

1 US Paper Packaging Sales by Company, 2003

2 Selected Acquisitions & Divestitures

3 Selected Cooperative Agreements

LIST OF CHARTS

SECTION III -- PRODUCTS

1 Rigid Paper Packaging Demand by Type, 2003

2 Gabletop Cartons Demand by Application, 2003

3 Flexible Paper Packaging Demand by Type, 2003

4 Paper Bags & Sacks Demand by Application, 2003

SECTION IV -- MARKETS

1 Paper Packaging Demand by Market, 2003

2 Food Market for Paper Packaging, 2003

3 Beverage Market for Paper Packaging, 2003

4 Foodservice Market for Paper Packaging, 2003

SECTION V -- INDUSTRY STRUCTURE

1 US Paper Packaging Market Share, 2003