The company claimed that its "green” bottle is 100 per cent recyclable and is made from bio-based raw materials, including switch grass, pine bark and corn husks.
"This breakthrough innovation is a transformational development for PepsiCo and the beverage industry, and a direct result of our commitment to research and development," PepsiCo Chairman and CEO Indra Nooyi said in a statement.
Going forward, the Purchase-based firm said it expects to broaden the renewable sources used to create the "green" bottle to include orange peels, potato peels, oat hulls and other agricultural byproducts from its foods business.
"PepsiCo is in a unique position, as one of the world’s largest food and beverage businesses, to ultimately source agricultural byproducts from our foods business to manufacture a more environmentally-friendly bottle for our beverages business," Nooyi said.
The company said it will start pilot production of the new bottle in 2012. "Upon successful completion of the pilot, the company intends to move directly to full-scale commercialisation," it said.