FPI's 2024 report reveals industry's accelerated push toward sustainable solutions, increased use of recycled content, and innovations amid evolving consumer and regulatory demands.

FALLS CHURCH, Va., Nov. 26, 2024 /PRNewswire-PRWeb/ -- In response to rising requests for insight into the evolving foodservice packaging landscape, the Foodservice Packaging Institute (FPI) has released its 16th annual "Trends Report" for 2024. This comprehensive report, crafted from the insights of industry members and FPI staff, highlights the critical trends and emerging pressures facing the foodservice packaging industry.

"The trends we see in this year's report reflect an industry at the crossroads of innovation and adaptation," said Natha Dempsey, president of FPI. "From the rapid push toward meeting ambitious 2025 packaging goals to navigating new regulations, the foodservice packaging industry is facing challenges head-on while seizing opportunities to redefine its future."

According to the report, sustainability and the principles of sustainable packaging are no longer merely trends but have become essential components of business practice. With increasing legislative mandates pushing for sustainable solutions, companies are hastening their transition to meet 2025 packaging goals, resulting in significant industry pressure. This urgency drives innovation, as noted in the development of new materials and coatings that enhance recyclability and performance.

Furthermore, the report highlights a shift towards "natural" colored resins and increased use of post-consumer recycled content, a move driven by both regulatory requirements and market demand. The adoption of extended producer responsibility laws in various U.S. states has added complexity, prompting greater focus on reusable items in dining settings.

The industry is also adapting to the competitive pressures from increased imports of both products and machinery, which have introduced cost and logistical advantages. Concurrently, automation in manufacturing and service operations is alleviating some of these pressures by increasing production efficiency and addressing labor shortages.

Consumer sentiment, influenced by economic factors, is causing a shift in dining behaviors, emphasizing value and influencing profit margins across the supply chain. Despite these challenges, FPI sees opportunities for progress and innovation within the sector.

"For 16 years, our Trends Report has provided a reliable snapshot of where the foodservice packaging industry is heading," Dempsey added. "This year's insights reaffirm the resilience and forward-thinking nature of our industry as it embraces sustainability and innovation."

This annual survey collects opinions from companies throughout the foodservice packaging supply chain, including raw material and machinery suppliers, packaging manufacturers, distributors and operators. The first section of the report compiles direct comments and insights by industry respondents. The second section provides high-level trends in the foodservice packaging industry based on FPI staff analysis of member submissions, as well as FPI's general industry observations.

The 2024 Trends Report is available to FPI members. Non-members may view an executive summary on FPI's website. Please contact Ashley Elzinga at aelzinga@fpi.org for more information.

ABOUT FPI: Founded in 1933, the Foodservice Packaging Institute is the trade association for the foodservice packaging industry in North America. FPI promotes the value and benefits of foodservice packaging and plays an active role in advancing the recovery of FSP to support the circular economy. The association serves as the industry's leading authority to educate and influence stakeholders. Members include raw material and machinery suppliers, manufacturers, distributors and purchasers of foodservice packaging. For more information, visit http://www.FPI.org.

Media Contact

Natha Dempsey, Foodservice Packaging Institute, 571.255.4212, ndempsey@fpi.org, www.FPI.org

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SOURCE Foodservice Packaging Institute