Pactiv Evergreen was created in 2020 through the initial public offering of Reynolds Group Holdings Limited (RGHL).

[2][3] Since the Rank acquisition, the company continued to grow, incorporating the legacy Reynolds Foodservice business to Pactiv, acquiring Dopaco in 2011,[4] adding International Tray Pads and Packaging,[5] Interplast Packaging in 2012,[6] and Spirit, a manufacturer of foodservice products including cups, cutlery, straws and stirrers, in 2013.

[8] On September 8, 2021 it was announced the company will acquire, through its wholly-owned subsidiary Pactiv Evergreen Group Holdings, Fabri-Kal a manufacturer of foodservice and consumer brand packaging solutions[buzzword], for $380 million.

[9] On March 6, 2023, Pactiv Evergreen announced the Canton, North Carolina plant would close in the summer, affecting 1,100 workers,[10] and that 160 more employees would lose their jobs in Olmsted Falls, Ohio.

[11] On April 17, 2023, reporting from The New York Times alleged that migrant children were illegally working overnight shifts at a Pactiv Evergreen factory in Illinois.