Regional review:

Americas

1 Constant currency and constant resin growth of 3.0%.

Key growth drivers

• Resilient performance despite foodservice headwinds.

• Continued category expansion.

• Geographical expansion in South America.

• Portfolio strength across substrates and go-to-market with cross-selling approach.

• Capacity as a growth enabler.

The Americas continue to offer significant long-term potential for SIG, even in a more challenging market environment.

Our recent investments, particularly in Mexico, are enabling us to capture new business across North America, while in South America we are successfully extending our market model established in Brazil to the neighboring countries.

Ricardo Rodriguez

President & General Manager Americas at SIG

Summary 2025

Across the Americas, SIG demonstrated the strength of its multi-substrate portfolio, with solid performance across carton, spouted pouch and bag-in-box, and a revenue growth of 4.4% at constant currency.¹

In South America, growth was broad-based across all packaging types. In Brazil, carton performance was driven by new filling line installations in core categories with both existing and new customers. Outside Brazil, carton results continued to consolidate as new customers ramped up, particularly in Colombia, and as dairy and beverage volumes expanded in Chile. Spouted pouches gained momentum, supported by key customers in fruit purée, yoghurt and other dairy products, while bag-in-box expanded primarily in foodservice through aseptic dairy solutions, enabled by cross-selling with carton customers.

Customer-led innovation remained an important growth lever, including new small-size carton formats, entry into categories such as fermented milk, and the launch of aseptic pouches with Alca at Anuga.

In the United States of America, foodservice demand remained constrained. Despite this environment, opportunities emerged in selected segments, including desserts, dairy limited-time offers, coffee-adjacent beverages, boba teas and “dirty sodas” at large QSRs (Quick Service Restaurants), reflecting a shift towards affordable indulgence. Retail demand increased, particularly in dairy, supported by in-home consumption trends, private-label growth and capacity expansion at the Querétaro aseptic carton plant.

Overall, SIG’s performance in the Americas was supported by portfolio breadth and disciplined capacity investments, positioning the region to capture growth opportunities despite ongoing market volatility.

1 Constant currency and constant resin growth of 3.0%.

Cooperoeste

Cooperoeste, one of Brazil’s leading dairy cooperatives, and SIG customer in carton, expanded its portfolio by launching a range of dairy products in SIG spouted pouches — leveraging SIG’s end-to-end systems and support to enter a new segment, alongside growing with carton year over year.

This success underlines how our integrated solutions help customers innovate within adjacent categories, reinforcing Cooperoeste’s competitive position in the Brazilian market.

ALCA Corp

ALCA Corp entered the aseptic pouch segment with SIG’s support, bringing innovative packaging to market that meets consumer demand for convenience and extended shelf life.

This launch showcases how SIG’s innovation in packaging and aseptic solution enable customers to embrace new formats and enter new markets while ensuring high-quality products and consumer confidence.

Petite Palates

In the United States, Petite Palates introduced the first shelf-stable baby meals in SIG’s aseptic spouted pouches — a significant milestone for both the customer and the pouch format.

This innovation highlights how SIG technology enables differentiated products in emerging categories, enhancing both customer value and consumer experience.

Celema

SIG expanded its presence in South America with Celema, a new aseptic carton customer in Colombia and important copacker in the region. SIG’s flexible filling technology allows Celema to develop concepts and volumes that are currently new to the Colombian market, incorporating differentiated and value-added products that are relevant for them as a copack hub for strategic brands in the region. This partnership marks strategic geographic expansion and growth beyond established markets.