Raw Material Cost Volatility: Fluctuations in the prices of key raw materials like paperboard, resins, and chemicals can significantly impact Sonoco's cost of goods sold and profitability if these increases cannot be fully passed on to customers through price adjustments.

Intense Market Competition: Sonoco operates in highly competitive global packaging markets. Intense competition from existing players and new entrants can exert pressure on pricing, market share, and require continuous investment in innovation and efficiency.

Economic Slowdowns and Demand Erosion: A decline in general economic conditions, consumer spending, or industrial production in key markets could lead to reduced demand for Sonoco's packaging and industrial products, impacting sales volumes and revenue.