2018 turned out to be a record year for the packaging sector, with over 50% more acquisitions than in 2017 and 2016. After a turbulent 2015 with a record number of acquisitions in the global packaging sector, 2016 and 2017 seemed to have taken a slower turn with around 15% less M&A activity worldwide. The Dutch acquisition market was visibly less affected by this decrease in the number of takeovers. However, 2018 was a record year with more than 30 deals. The underlying factors driving the acquisition market have not changed, however, which means that we can also expect a comparable or even higher level of takeover activity within the packaging market for 2019.