Sealed Air Corporation SEE is poised well to gain on strong demand for packaging for food, medical supplies and consumer staples, and rise in e-commerce demand amid the coronavirus pandemic. Steady progress on its reformation plan — Reinvent SEE Strategy, acquisitions and product innovation will also drive growth.The stock has long-term expected earnings per share growth rate of 4.2%.At present, Sealed Air carries a Zacks Rank #3 (Hold). It has a VGM Score of A. Our research shows that stocks with a VGM Score of A or B, when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3, offer the best investment opportunities for investors. You can see the complete list of today's Zacks #1 Rank stocks here.In the past three months, the stock has gained 38.3%, compared with the industry’s rally of 17.9%.Let’s delve deeper and analyze the factors that substantiate the company’s Zacks Rank #3.Better-Than-Expected Q2 ResultsSealed Air reported second-quarter 2020 adjusted earnings per share of 76 cents, which beat the Zacks Consensus Estimate of 54 cents. Further, total revenues of $1,151 million surpassed the Zacks Consensus Estimate of $1,076 million.Positive Earnings Surprise HistorySealed Air beat estimates in each of the trailing four quarters, average surprise being 17.9%.Upbeat Earning GuidanceSealed Air expects adjusted earnings per share guidance for 2020 to be $2.85-$2.95. The mid-point of the guidance range reflects an increase of 3% from earnings of $2.82 in 2019.Return on AssetsSealed Air currently has a Return on Assets (ROA) of 7.9%, while the industry recorded ROA of 5.5%. An above-average ROA denotes that the company is generating earnings by effectively managing assets.Pandemic-Driven Demand to Fuel Top LineAround 65% of Sealed Air’s revenues come from packaging of protein, foods, fluids and goods for the medical and life sciences industries. The food care business continues to benefit from the shift in demand for case ready, shrink bags and pre-packaged meals and snacks designed for home consumption amid the pandemic-induced restrictions.In the medical and life sciences portfolio, demand for protected packaging solutions for medical supplies, pharmaceuticals, and personal protective equipment, such as monitoring systems, ventilators, mask and COVID-19 test kits remains high. Further, e-commerce sales, which contribute around 13% to the company’s sales, have been on the rise amid the stay-at-home scenario. Thus, with more than 75% of the company’s revenues originating from end-markets that are deemed essential and supporting the stay-at-home environment amid the pandemic, it is well positioned to sustain the top-line performance.Reinvent SEE Strategy to Drive EarningsIn December 2018, Sealed Air announced a reformation plan, Reinvent SEE Strategy, and a fresh restructuring program in a bid to drive growth and earnings. The strategy is focused on innovations, SG&A productivity, product-cost efficiency, channel optimization and customer-service enhancements. One of most vital aspects of this strategy involves investment in technology and resources focusing on new and existing high-growth markets.The company is on track to realize 110 million of incremental benefits to adjusted EBITDA in 2020 compared with last year. Over the 2019-2021 timeframe, the company has targeted approximately $330 million of Reinvent SEE benefits. This will continue to drive the bottom line.Acquisitions & Innovation Remain Key CatalystsSealed Air’s recent acquisitions including Automated Packaging Systems, AFP, Inc. and Fagerdala will drive growth. The company’s top line will be supported by enhanced demand for its core product portfolio, recently-introduced innovations, strong fresh food markets and e-commerce sector.However, there are a few factors that are likely to hinder growth in the near term.Around 35% of the company’s sales serve consumer and industrial segments. Many of these end markets including general manufacturing, transportation, and non-essential goods are facing slowdown and significant reduction in discretionary spending. This is likely to hinder Sealed Air’s results in the near term.Stocks to ConsiderSome better-ranked stocks in the Industrial Products sector include Silgan Holdings, Inc. SLGN, IIVI Incorporated IIVI and SiteOne Landscape Supply, Inc. SITE. While Silgan and IIVI Incorporated sport a Zacks Rank #1, SiteOne Landscape carries a Zacks Rank #2 at present.Silgan has a projected earnings growth rate of 28.7% for the current year. The company’s shares have gained 18% in the past three months.IIVI has an estimated earnings growth rate of 29% for the ongoing year. The company’s shares have rallied 15% in three months’ time.SiteOne Landscape Supply has an expected earnings growth rate of 6.2% for 2020. The stock has surged 39% over the past three months.Zacks’ Single Best Pick to DoubleFrom thousands of stocks, 5 Zacks experts each picked their favorite to gain +100% or more in months to come. From those 5, Zacks Director of Research, Sheraz Mian hand-picks one to have the most explosive upside of all.With users in 180 countries and soaring revenues, it’s set to thrive on remote working long after the pandemic ends. No wonder it recently offered a stunning $600 million stock buy-back plan.The sky’s the limit for this emerging tech giant. And the earlier you get in, the greater your potential gain.Click Here, See It Free >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Silgan Holdings Inc. (SLGN): Free Stock Analysis Report Sealed Air Corporation (SEE): Free Stock Analysis Report IIVI Incorporated (IIVI): Free Stock Analysis Report SiteOne Landscape Supply, Inc. (SITE): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research