Sonoco Products Company (NYSE: SON) announced price increases for uncoated recycled paperboard and converted paperboard products effective July 8, 2026.

The company will implement a $60 per ton price increase for all grades of uncoated recycled paperboard in the United States and Canada. Sonoco will also raise prices for converted paperboard products by 7%, including paperboard tubes, cores, cones, partitions, protective packaging, and specialty products.

"This necessary increase is driven by several factors, including robust demand across our markets and strong utilization in our paper mill network. Additionally, elevated inflationary pressures have significantly increased our operating costs," said Taylor Lane, Vice President and General Manager, Industrial Paper Packaging, North America.

The Hartsville, South Carolina-based company reported net sales of $7.5 billion from continuing operations in 2025 and employs approximately 22,000 people across 265 operations in 37 countries.

The information is based on a company press release.