Berry Global to Expand its North American Capacity for Clear, Sustainable Foodservice Packaging
Berry Global Group, Inc. (NYSE: BERY) announced today plans to expand its foodservice packaging manufacturing operations in North America as part of its long-term strategic growth commitments. This more than $110 million investment will expand its proprietary and industry-leading polypropylene thermoforming capabilities to manufacture clear drink cups and lids for quick-service restaurants, coffee shops, convenience stores, and other foodservice markets. The clear design fills an increasing demand for a cup that showcases a premium brand image and beverage appeal and improves restaurant operation efficiencies while offering a more sustainable packaging option.
Foodservice brand owners are steadily increasing their forecasted volumes with Berry production for access to the Company’s 30-plus active patents across clear cups and lids. In addition, customized plastic cup and lid brand owner solutions are a rapidly increasing market trend, pulling volume from alternative substrates since 2017. As a result, Berry has demonstrated its market leadership, outpacing market trends growing its sales by a forecasted 60%*.