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Breaking NewsRetail Market TrendsSustainable Food Production2022 Food and Beverage Trends

Pepsico Introduces New Packaging Goal

Industry giant doubles down on scaling global reusable packaging options

SodastreamPepsico_780.jpg

The widespread international availability of SodaStream and SodaStream Professional enables consumers to reinvent how they consume beverages in reusable containers, potentially eliminating the need for more than 200 billion plastic bottles by 2030.
PHOTO COURTESY OF: PepsiCo

December 15, 2022

PepsiCo announced a global packaging goal intended to double the percentage of all beverage servings it sells delivered through reusable models from 10% to 20% by 2030. This ambition is part of PepsiCo Positive (pep+), the company's strategic, end-to-end business transformation that puts sustainability and people at the center of how the company will create growth and value.

Offering its iconic beverages in reusable packaging and on innovative platforms that eliminate the need for single-use virgin plastic is not new to PepsiCo – it has been an important element of the company's Sustainable Packaging Vision since 2018, when PepsiCo invested over $3.2B to acquire SodaStream, the world's leading reuse platform, and expressed its commitment to a circular economy for plastics by joining the New Plastics Economy Global Commitment. Reuse is also a critical lever to meet PepsiCo's goals to reduce virgin plastic per serving by 50% by 2030 and to become Net Zero by 2040, and progress toward these goals will also be driven – in partnership with our bottlers – by increasing recycled content in our packaging.   

Aligned with the Ellen MacArthur Foundation's "Reuse – Rethinking Packaging" framework, PepsiCo will pursue four approaches to achieve its new packaging goal, including expanding its SodaStream business, both at home and in workplaces through SodaStream Professional; building out its refillable plastic (PET) and glass bottle offerings in partnership with PepsiCo bottlers; growing its fountain drinks business with reusable cups; and accelerating growth in powders and concentrates.

PepsiCo has more than 80 markets around the world offering reusable packaging solutions, including: 

- The widespread international availability of SodaStream and SodaStream Professional, and its continued growth, enables consumers to reinvent how they consume some of the world's most loved beverage brands and personalize their choices in reusable containers, potentially eliminating the need for more than 200 billion plastic bottles by 2030.

- Refillable and returnable glass and plastic programs in major markets including Mexico, Guatemala, Colombia, Chile, Germany and the Philippines.

PepsiCo will continue working with multiple partners to develop new infrastructure to support reuse and refill models. Most recently, PepsiCo joined the Closed Loop Partners NextGen Consortium. Through the consortium, it is working collaboratively with stakeholders across the value chain to design and test new models to enable the scale up of reusable cups, a critical component of supporting a reuse infrastructure alongside beverage fountains. 

www.pepsico.com

KEYWORDS: food packaging PepsiCo recyclable packaging

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