Karat Packaging Inc. is a company specializing in the manufacture and distribution of environmentally friendly disposable foodservice packaging and related products. The company was founded in 2018 and is headquartered in Chino, California.
Karat Packaging focuses on providing sustainable packaging solutions to the foodservice industry. They offer a wide range of products, including paper cups, food containers, utensils, and other disposable items made from renewable and biodegradable materials. Their goal is to help businesses reduce their environmental impact by offering eco-friendly alternatives to traditional single-use plastics.
The company's product portfolio includes both hot and cold beverage cups, take-out containers, bowls, plates, and cutlery. They prioritize the use of materials such as paper, plant-based PLA (polylactic acid), and sugarcane bagasse, which are renewable and compostable. This approach ensures that their packaging solutions are not only functional but also align with sustainability objectives.
In terms of their market presence, Karat Packaging went public in the United States in February 2021. The company completed its initial public offering (IPO) on the Nasdaq Stock Market, under the ticker symbol KRT.
Karat Packaging serves a broad customer base, including restaurants, cafes, fast-food chains, catering services, and other foodservice establishments. Their products are designed to meet the diverse needs of these businesses, ensuring convenience, durability, and eco-friendliness.