エフピコ

What エフピコ does

エフピコ (FP Corporation) is a 63-year-old privately held Japanese manufacturer of disposable food containers — foam trays (発泡トレー), transparent APET/OPET containers, and PET-bottle-derived packaging — sold primarily to supermarket chains, food retailers, and food-service operators across Japan through direct B2B sales. Founded in July 1962 in Fukuyama, Hiroshima as Fukuyama Pearl Paper (福山パール紙工), the company has been a pioneer of circular plastics since 1990, when it launched what it describes as the world's only closed-loop tray-to-tray recycling system, converting post-consumer food trays collected at supermarket collection boxes back into food-grade trays under Eco Mark certification.

The business is vertically integrated in-house across raw-material procurement, manufacturing, logistics, sales, and recycling, anchored by 3 dedicated recycling factories (Fukuyama, Kanto, Chubu), 2 PET recycling factories, and 4 sorting centers (Hokkaido, Nishinomiya, Kansai, Kyushu) handling an estimated ~10 billion used foam trays per year. Its flagship commercial offering is the Store-to-Store horizontal recycling program — a B2B partnership in which retailers' customers return used trays and PET bottles to in-store boxes, and F-Pico returns Eco-labelled recycled containers (エコトレー, エコAPET, エコOPET) to the same stores, achieving 30-37% CO2 reduction versus virgin material and covering 4,321+ supermarket locations as of October 2025.

Revenue is generated from one-time sales of food trays and containers supplemented by recurring Store-to-Store recycling-service relationships with supermarket chains such as Shizutetsu Store, En-tetsu Store, and Yaoko; pricing is quote-based and not publicly disclosed. Distribution is predominantly domestic through enterprise direct sales and an annual trade exhibition (F-Pico Fair), with international growth initiated in May 2022 via an equity stake in Malaysian food-container manufacturer LSSPI Sdn. Bhd. — the F-Pico Group's first overseas production base. The company supplements its commercial operations with a substantial consumer-engagement ecosystem (Picosaurus mascot, YouTube 'F-Pico TV,' Instagram, factory tours, on-site school classes, and a co-published Gakken educational manga) to drive household recycling participation that underpins the closed-loop model.

Name

エフピコ

Legal name

FP Corporation

Website

https://fpco-info.jp

Company type

Private

Founded year

1962

Operating status

Operating

Short description

エフピコ (FP Corporation) is a Japanese manufacturer of disposable food trays and transparent containers that operates the world's only closed-loop tray-to-tray recycling system, selling directly to supermarket chains and food retailers across Japan through a Store-to-Store collection network covering 4,321+ stores.

Ownership category

akta.pro rank

Product category

Food Packaging Manufacturing

NAICS

Other Snack Food Manufacturing (311919)

SIC

Miscellaneous Plastics Products (3080)

akta.pro primary industry

Foodservice/To-Go Packaging (Cups, Clamshells, Cutlery) (IMALAHAM)

akta.pro secondary industries

Dairy & Refrigerated Foods Packaging (IMALAHAG), Foodservice & Single-Use Plastic Packaging (Cups, Lids, Cutlery) Manufacturing (IMANAEAI), Rigid Food Containers (Cups, Trays, Clamshells) (IMALAAAD), Ready Meals & Prepared Foods Packaging (IMALAHAL), Plastic Trays, Clamshells & Blister Packaging Manufacturing (IMANAEAE), Reusable Packaging & Refill Systems (Returnable Transport Items, Deposit/DRS Ops) (EUAIANAE)

Keywords

• Food packaging containers
• Foam food trays
• Transparent PET containers
• PET bottle manufacturing
• Food container recycling

Headquarters

HQ city

Tokyo (Shinjuku)

HQ country

Japan

HQ region

Asia

Offices8 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Personnel, Infrastructure, Technology or R&D

Revenue model

1. Food Tray and Container Sales: Manufacture and sale of food trays, transparent containers, and PET containers to supermarkets, food retailers, and food service businesses throughout Japan. Core revenue stream through product catalog and direct B2B sales.
2. Tray-to-Tray Recycling Services: Collection and recycling of used food trays and PET bottles through supermarket recycling boxes, closing the loop by converting recovered materials back into new containers for the same retailers.

Go-to-market motion3 records

Distribution channels4 records

Marketing channels7 records

Core offering

エフピコ manufactures disposable food packaging containers — including foam (PSP) food trays, transparent APET/OPET containers, and PET bottles — for supermarkets, food retailers, and food service operators. The company runs its own collection and reprocessing infrastructure that forms a tray-to-tray closed-loop recycling system, operational since 1990, so that recovered used trays can be remade into new food trays.

Product overview

エフピコ (FP Corporation) is a food container manufacturer offering a vertically integrated system from raw material procurement through manufacturing, logistics, sales, and recycling. Its core product line consists of foam food trays (発泡トレー), transparent containers (APET/OPET), and related packaging used in supermarkets for fresh foods. These are supported by the company's circular 'Store-to-Store' horizontal recycling system, where post-consumer trays and PET bottles are collected from stores and recycled back into new containers for the same stores. Consumer-facing offerings include the recycling mini-game, Picosaurus mascot, YouTube channel, school outreach programs (出前授業), factory tours, annual F-Pico Fair exhibitions, coloring page downloads, and the F-Pico Museum online gallery. Educational manga '食品トレーのひみつ' teaches children about tray manufacturing and recycling. The company operates recycling factories and sorting centers nationwide.

Differentiator

Problem solved

Functional benefit

Products and services

• Foam (PSP) Food Trays — including the Eco Tray line Polystyrene foam food trays (and environmentally positioned Eco Tray variants) used by supermarket chains, food retailers, and food service operators for fresh meat, fish, produce, and prepared foods. Designed to feed into エフピコ's tray-to-tray closed-loop recycling flow.
• Transparent APET/OPET Containers Rigid transparent food containers made from APET and OPET sheet, supplied to supermarket chains and food retailers for visible-packaging applications such as fresh produce, deli items, and prepared meals.
• PET Bottles PET bottles manufactured by エフピコ for food and beverage customers, produced alongside its trays and containers within the same vertically integrated packaging operation.
• Tray-to-Tray Closed-Loop Recycling Service Recovery, collection, and reprocessing service that turns used foam food trays collected from supermarket chains and other retailers back into new food-grade trays. Run in-house by エフピコ since 1990 and described as the world's only such full closed-loop tray-to-tray recycling operation.

Quantifiable outcome

• 165 tons of used food trays collected from Store-to-Store partnership (F-Pico + Shizutetsu Store, FY ending March 2025)
• +5 more outcomes

Named customers6 records

Segments5 records

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Twelve partnerships are on record, tiered core and minor.

• Fukuyama City, Hiroshima Prefecture (広島県福山市)coreStrategic or Co-development Partner · 1 April 2025Partnership agreement signed April 2025 for promoting resource circulation and decarbonization. Initiatives include expanding tray-to-tray recycling in public facilities, collecting trays from elementary schools, donating 1,000 copies of '食品トレーのひみつ' manga to schools, and supporting Fukuyama's Zero Carbon City goals.
• Shizutetsu Store Co., Ltd. (株式会社しずてつストア)coreStrategic or Co-development Partner · 29 March 2025Eco-store collaboration promoting horizontal recycling through 'Store to Store' initiative across all 36 Shizutetsu Store locations in Shizuoka, Japan. In FY ending March 2025, collected 165 tons of used food trays and achieved 268 tons CO2 reduction. Target: 300 tons annual CO2 reduction by FY ending March 2030.
• TMEL CorporationminorStrategic or Co-development PartnerEco Action Points (EAP) environmental program partnership. F-Pico is referenced as a participant in the TMEL-led municipal eco-points initiative, which achieved 931 tons CO2 reduction and 50,000+ members in FY2025 with 113% growth.
• Fukuyama City Government (福山市)coreGTM or Marketing PartnerSponsorship of the 20th World Rose Conference Fukuyama 2025 (第20回 世界バラ会議 福山大会) as a local company supporter. Event drew ~700 participants from ~40 countries. Fukuyama is F-Pico's founding city.
• En-tetsu Store Co., Ltd. (株式会社遠鉄ストア)coreStrategic or Co-development PartnerJoint environmental activities including tray and PET bottle collection at En-tetsu Store locations; co-donated '食品トレーのひみつ' manga to all 96 elementary schools in Hamamatsu; organized family factory tour bus events.
• Yaoko Co., Ltd. (株式会社ヤオコー)coreStrategic or Co-development PartnerJoint environmental outreach partnership including co-hosted on-site class at Kawasaki Municipal Noborito Elementary School (~150 fourth graders) on tray-to-tray recycling and food waste reduction; both companies promoting circular recycling in the Kawasaki area.
• Gakken Co., Ltd. (株式会社学研)coreStrategic or Co-development PartnerCo-published learning manga '食品トレーのひみつ' (Food Tray Secrets) targeting elementary school students; published in Gakken's manga series and freely available as e-book on Gakken Kids Net website; used in F-Pico's educational outreach to schools.
• LSSPI Sdn. Bhd. (Malaysia)coreTechnology or IntegrationStrategic partnership with Malaysia's leading food container manufacturer LSSPI to produce and distribute high-quality, microwave-safe food containers for Southeast Asian markets. F-Pico leverages Japanese expertise and quality standards; LSSPI provides local manufacturing and market access. First overseas base for F-Pico Group.
• Eco-First Promotion Council (エコ・ファースト推進協議会)minorStrategic or Co-development PartnerF-Pico participates as a member company in the Eco-First Promotion Council, which organizes the annual Eco Proverbs Contest (エコとわざコンクール) for elementary and middle school students nationwide; F-Pico co-sponsors the 'F-Pico Award' prize.
• Setagaya 2R Promotion Council (世田谷区2R推進会議)minorStrategic or Co-development PartnerMulti-stakeholder council of universities, businesses, NPOs, and government working on waste reduction awareness in Setagaya, Tokyo. F-Pico has been a member since 2012 and participates in events like the annual Nodai Children's Eco Seminar.
• Ajikan MAKIZUSHI Club (あじかんMAKIZUSHI俱楽部)minorGTM or Marketing PartnerInstagram photo campaign collaboration '#恵方巻丸ガブリ' (Cute Ehomaki Roll Bite) co-hosted with Ajikan for Setsubun season 2026, combining F-Pico food containers with Ajikan's rolled sushi culture promotion.
• Anzco Foods (アンズコフーズ)minorGTM or Marketing PartnerCross-promotional campaign partner for July 2025 Instagram campaign, offering WAKANUI Spring Lamb products as campaign prizes to boost engagement.

Scale indicators8 records

Recent moves6 records

Expansion highlights6 records

Broad incumbents

• Sealed Air Corporation: Global food packaging incumbent with broad portfolio including vacuum skin, tray lidding, and protective packaging. Overlaps with F-Pico in food retail packaging but at much broader scale and across multiple categories.
• Toyo Seikan Group Holdings: Japanese packaging conglomerate producing metal cans, plastic containers, and PET bottles for food and beverage markets. Operates in adjacent food-packaging categories to F-Pico but with a much broader portfolio and global footprint.

Direct peers

• Inline Plastics: Specialist in clear PET clamshells and food containers sold primarily to U.S. supermarket deli and prepared-food departments. Closely comparable clamshell product format and retailer customer profile.
• Dart Container Corporation: U.S. foam and plastic food container manufacturer with a flagship foam cup and clamshell product line. Closely comparable substrate mix and foodservice / retail customer profile to F-Pico's foam tray business.
• Sabert Corporation: Manufacturer of PET clamshells, hinged containers, and food trays for retail prepared foods and foodservice. Directly comparable food-container format and supermarket / prepared-food customer base.
• Anchor Packaging: Producer of clamshells, hinged-lid containers, and food trays for supermarket deli, prepared-food, and bakery departments. Highly comparable product formats and supermarket-channel focus to F-Pico.
• Genpak (Inline Plastics): Manufacturer of clamshells, food trays, and hinged containers for supermarket and foodservice channels. Overlapping product line, materials (PET, OPS, PP), and customer base with F-Pico's transparent container business.
• WinCup: Manufacturer of foam cups and food containers for foodservice and retail channels. Comparable foam-substrate product line and foodservice customer base to F-Pico's disposable food-container offerings.
• Pactiv Evergreen (Novolex Holdings): North American manufacturer of foam and PET food containers, clamshells, and trays used across supermarket fresh, foodservice, and prepared-food channels. Directly comparable product portfolio and customer base to F-Pico's foam tray and PET container lines.

Regional players

• Toppan Holdings: Major Japanese packaging and printing conglomerate with food packaging and sustainability offerings. Comparable end-market focus (Japanese food retail and foodservice) but operates at broader portfolio scale than F-Pico's tray specialization.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/channel/UCnuJ2ooRyHZ2NvsO8KqiyGg
• Instagraminstagram.com/fpco.info

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about エフピコ