Amcor’s FY26 annual report sets out how the expanded group plans to use its flexible and rigid packaging portfolio to pursue growth across markets and product categories.
Amcor is looking beyond the integration of Berry Global to turn its larger product portfolio and geographic reach into new business, according to its FY26 annual report. The report covers the first full financial year following the combination and gives a clearer view of the group’s growth priorities.
The balance of Amcor’s business has shifted considerably. Flexible packaging generated 55 per cent of FY26 sales, or US$12.8 billion, while rigid packaging – including containers, closures and dispensing systems – contributed 45 per cent, or US$10.7 billion. The figures show how much closer the two segments are in scale following the Berry acquisition.
Amcor says the broader portfolio creates opportunities to cross-sell healthcare and consumer packaging solutions, draw on local market expertise and serve multinational customers across more regions. Chairman Graeme Liebelt and CEO Peter Konieczny report that new business wins during FY26 reached approximately half of the company’s initial three-year revenue synergy target of US$280 million. These are business wins, rather than revenue already realised.
Geographically, North America contributed 50 per cent of group sales, followed by Western Europe at 29 per cent and emerging markets at 19 per cent. Australia and New Zealand generated approximately US$0.4 billion, or 2 per cent. For a company with a leading position in the local flexible packaging market, that regional share illustrates the scale of its operations elsewhere.
Amcor identifies Asia, Latin America and Eastern Europe as its largest long-term regional growth opportunity. Across its product portfolio, the group is concentrating on nutrition, healthcare, beauty and wellness. Nutrition accounts for about 60 per cent of the approximately US$20 billion in sales Amcor identifies as its core portfolio.
That focus is also guiding portfolio decisions. Amcor says it divested five non-core businesses during FY26, representing around US$500 million in annual revenue, as it directs resources towards categories it expects to deliver stronger growth and returns.
Innovation remains central to those plans. The company reports annual research and development investment of approximately US$170 million across ten innovation centres, with work spanning recyclable and lightweight packaging, recycled content and fibre-based solutions. Amcor says its expanded capabilities will help customers respond to packaging requirements that differ across markets.
