Market Share of Reusable Foodservice Packaging Industry
The market studied is fragmented, with major vendors accounting for most of the market share. The presence of many players in the market impacts the pricing of services, making it a direct competing factor, especially for small-scale vendors. The vendors in the market studied are expected to focus on providing one-stop-shop services, giving them a competitive advantage. Some of the major players in the market are Berry Global Inc., Ecolab Services, Genpak LLC, and Enpak Enterprise Co. Ltd.
- February 2024: Berry Global launched its Reusable Tableware Range to address the incremental demand for sustainable packaging across the food service industry. This move comes as legislation and consumer demands push the sector towards more eco-friendly packaging solutions. According to the company's Vice President of Food Service division, the new range of reusable tableware aims to cut waste, lessen reliance on new resources, and ensure functionality and durability while meeting legislative standards.
- May 2024: deSter, a developer of serviceware and food packaging, and Eastman, a specialty materials company, collaborated to introduce reusable in-flight drinkware to the airline sector. The packaging utilizes Tritan Renew, a specialty plastic crafted from recycled molecular copolyester. During its development, plastic waste is broken down into its fundamental chemical components, enabling the material to undergo multiple recycling cycles.
Reusable Foodservice Packaging Market Leaders
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Berry Global Inc.
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Ecolab services
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deSter Corporation
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Pactiv Evergreen Inc.
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Genpak LLC
*Disclaimer: Major Players sorted in no particular order
