Strong Growth Driven by Machine Placement

4 Ranpak Ranpak is the Market Leader in Automated Paper Packaging $7 billion global market Global Protective Packaging Paper to gain share from less environmentally friendly substrates Systems based to gain share from manual Foam 33% Airbags 17% Bubble 35% Paper "In-the-Box" Packaging(1) Sealed Air Re-imagine Paper 15% 50% + Ranpak @ STOROpack Pregis + Other additional regional players As a leading pure-play fiber-based provider, Ranpak is well positioned to benefit from fiber share gain Source: Management Estimates, Freedonia. (1) Represents estimates for the North America and Europe systems based segment of protective packaging.

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