• Sealed Air average gross margin for 2023 was 30.21%, a 3.33% decline from 2022.
• Sealed Air average gross margin for 2022 was 31.25%, a 0.16% decline from 2021.
• Sealed Air average gross margin for 2021 was 31.2%, a 5.37% increase from 2020.

Gross margin can be defined as a company's total sales revenue minus its cost of goods sold, divided by the total sales revenue, expressed as a percentage.