Market Share of Foodservice Disposable Packaging Industry
The market players are embracing several business strategies to gain a competitive edge over others. As the consumption of niche beverages, such as frozen, blended, and mixed, is increasing, the demand for cost-effective, high-quality, single-use disposable solutions is also growing. Players in the market are adopting strategies like product innovation and mergers and acquisitions to increase their market offerings and stay competitive in the market landscape. The market is fragmented in nature. Some of the prominent players operating in the market are Huhtamäki Oyj, Falcon Pack, Berry Global Inc., and Pactiv Evergreen Inc., among others.
In November 2022, Huhtamaki expanded its paper-based packaging capacity at its factory in Nules, Spain. The extension, which is expected to commence production in January 2023, represents a EUR 20 million (USD 21.25) investment and will double the site's capacity. The investment includes a grant of EUR 2.2 million (USD 2.3) from the Conselleria de Hacienda y Modelo Economico (Community of Valencia).
In May 2022, Hotpack Global, the world's leading manufacturer of disposable food packaging products, announced a regional expansion in Morocco, joining hands with the retail leader of the African nation, Retail Holding, through its investment arm, Best Financiers.
Foodservice Disposable Packaging Market Leaders
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Falcon Pack
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Pactiv Evergreen Inc.
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Huhtamäki Oyj
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Jebel Pack
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Berry Global Inc.
*Disclaimer: Major Players sorted in no particular order
