Regional review:
Americas
Revenue
€
889
m
Revenue growth
0.8
%
constant currency1
179
aseptic carton filling machines in field
Key growth drivers
- Foodservice growth through smart systems/automation of foodservice
- Continued category expansion in US, Mexico and Brazil.
- Geographical expansion in South America
“We are excited about the growth opportunities we see in the Americas. The United States is home to the largest food service market in the world and Brazil and Mexico are two of the top ten aseptic milk markets worldwide. It is a vast continent with significant food and beverage consumption. Our recent investment in an aseptic production facility in Mexico has accelerated new business in North America while in Brazil we are successfully exporting our market offering to neighboring countries.
Our unmatched speed, format and size flexibility, and our ability to fill high viscose products allows customers to respond to changing market opportunities. Customers can efficiently use the same aseptic filling machine to fill liquid dairy products such as chocolate milk as well as high viscose products like sweetened condensed milk.”
Ricardo Rodriguez
President & General Manager Americas at SIG
Summary of 2024
Revenue increased by 0.8% at constant currency for the year1 reflecting a steady recovery of the bag-in-box and spouted pouch business after reaching a low in quarter one.
The bag-in-box business was impacted by weakness in the out-of-home dining market in the United States. This was primarily driven by rising menu prices. In response to the decline in demand, quick service restaurants intensified their promotional activities during the second half of the year.
Together with a high prior year comparison, revenue performance was also exacerbated by operational challenges at our U.S. bag-in-box facilities. These production disruptions were addressed and we were pleased to report positive revenue growth in the second half of the year.
Aseptic carton volumes gained from the ramp-up of filling machines in Canada, the United States and Mexico.
Brazil also saw good volume growth from filler ramp-ups mostly in single serve liquid dairy cartons, while we continued to expand geographically into the surrounding countries. We were pleased to sign our first two carton customers in Colombia, and we gained new business in Chile with the largest dairy in the region outside of Brazil.
Case studies
Lactalis expands into spouted pouches for yoghurt
- Lactalis, one of the largest dairies in Brazil and a current SIG carton and bag-in-box customer, has expanded its portfolio to included yoghurt packed with an SIG spouted pouch line.
- In 2024, Lactalis more than doubled its volume in this fast-growing category and has plans to launch new SKUs.
- SIG has agreed a full systems solution providing the filling line and the associated packaging materials.
Innovating with Elmhurst: Leveraging a multi-substrate packaging success
Elmhurst 1925, a fast-growing plant-based beverage company, has expanded its product portfolio with SIG packaging.
In 2024, it launched the first shelf-stable, dairy-free sour cream in SIG aseptic pouches.
SIG also provides Elmhurst with SIG Dome aseptic carton packaging for its plant-based Lattes. SIG Dome packaging combines the benefits of aseptic cartons with the convenience of a bottle.
These innovative solutions reinforce Elmhurst’s dedication to innovation, product quality and sustainability, growing together with SIG as a trusted partner.
1 Constant currency and constant resin growth of (0.7)%.