Pactiv Evergreen Inc (Pactiv Evergreen) is a manufacturer and distributor of consumer food, beverage and foodservice packaging products. It classifies its business operations into three segments: Food Services, Food and Beverage Merchandising, and Other. Geographically, Pactiv Evergreen's operations are spread across North America, South America, Asia, Europe and Others.

Pactiv Evergreen has undertaken R&D initiatives focused on product innovation, including developing packaging with new features, engineering new materials to improve product performance, and commercializing environmentally friendly packaging. The company emphasizes functionality, quality, material savings, brand marketing, sustainability, and safety in its product development. Notable innovations include reclosable beverage cartons, strawless lids, compostable plates, and recycled PET containers. The company also focuses on sustainable materials in its Foodservice segment and innovative carton designs in its Food and Beverage Merchandising segment. The company has invested in barrier board technology to extend product shelf life and protect nutrients. As of December 31, 2023, Pactiv Evergreen Inc held approximately 300 patents related to product design, utility, and material formulations. The company’s R&D expenses in FY2023 was US$45 million, which grew 36.4% YoY.