Pactiv Evergreen Inc. Market Research Report

Company Overview

Name

Pactiv Evergreen Inc.

Mission of the Company

Pactiv Evergreen's mission is to deliver innovative food and beverage packaging solutions designed to exceed the needs of consumers and the businesses that serve them. Their purpose is encapsulated in the phrase "Packaging a Better Future."

Founded and By Whom

The origins of Pactiv Evergreen trace back to 1880 with John Cherry, who began the Evergreen Packaging business. In its current form, the company was created through a merger of multiple entities: International Paper Beverage Packaging Division, Blue Ridge Paper Products, and Cherry-Burrell in 2007. Pactiv's operations began in 1959, eventually adopting the name Pactiv in 1999.

Key People

No specific information on current key people is available from the data provided.

Headquarters

Lake Forest, Illinois, USA.

Number of Employees

14,000+ employees.

Revenue

No specific information on revenue is available from the data provided.

Known For

Pactiv Evergreen is known for being a leading manufacturer of fresh food and beverage packaging in North America, offering over 14,000 unique products in various materials.

Products

Overview

Pactiv Evergreen provides a broad range of packaging solutions under several brands, focusing on sustainability and innovation in response to consumer and environmental demands.

Key Product Brands and Features

EarthChoice

• Description: EarthChoice is a line of sustainable packaging options.

• Key Features: Products provide benefits like reducing virgin resin usage, reusability, recyclability, and are made from renewable materials like polylactic acid.

Greenware

• Description: Renewable drink cups and containers made entirely from plants.

• Key Features: Compostable, made from renewable materials, commercially compostable certified.

Newspring

• Description: Packaging solutions for customer satisfaction and operational excellence.

• Key Features: Versatility in use, excellent for temperature endurance, leak resistance, and stylish presentation.

PlantCarton

• Description: Sustainable packaging solutions for fresh liquid beverages.

• Key Features: Made with renewable resources, responsible forestry practices, recyclable.

Recycleware

• Description: Sustainable packaging using post-consumer recycled content.

• Key Features: Products are made from recyclable materials to reduce waste and environmental impact.

Reynolon

• Description: High-performance films for meat and produce.

• Key Features: Strong puncture and impact resistance, excellent clarity for merchandising.

Recent Developments

Recent Company Developments

• Combination with Novolex: Pactiv Evergreen is combining with Novolex to establish itself as a leading manufacturer in food and beverage packaging.

• Quarterly Dividend: In November 2023, Pactiv Evergreen announced a quarterly dividend of $0.10 per share of common stock.

• ESG Report: Released an Environmental Social Governance report highlighting progress towards sustainability goals.

New Products & Features

• No specific new product launches or features added to existing products have been detailed beyond brand and product lines noted.

Partnerships

• No additional information on new partnerships is available.

This report provides an insight into the foundational structure and recent endeavors of Pactiv Evergreen, showcasing their commitment to sustainability and innovation within the packaging industry.