{"id":4366,"date":"2024-12-13T08:52:35","date_gmt":"2024-12-13T13:52:35","guid":{"rendered":"https:\/\/www.packagingindustrynews.com\/?p=4366"},"modified":"2024-12-13T08:52:35","modified_gmt":"2024-12-13T13:52:35","slug":"uk-startup-to-introduce-worlds-first-bark-packaging-to-replace-plastics","status":"publish","type":"post","link":"https:\/\/www.packagingindustrynews.com\/?p=4366","title":{"rendered":"UK startup to introduce world\u2019s first bark packaging to replace plastics"},"content":{"rendered":"<p> <br \/>\n<\/p>\n<div>\n<div class=\"article-image\">\n<figure class=\"article-image__container\">\n                                    <picture><source media=\"(min-width: 990px)\" srcset=\"https:\/\/live-b2b-gdm-figaro1.pantheonsite.io\/wp-content\/uploads\/sites\/16\/2024\/12\/Bark-770x433.jpg\"\/><source media=\"(min-width: 430px)\" srcset=\"https:\/\/live-b2b-gdm-figaro1.pantheonsite.io\/wp-content\/uploads\/sites\/16\/2024\/12\/Bark-940x528.jpg\"\/>\n                                    <\/picture><figcaption class=\"c-featured-image__description\">Bpacks has secured a strategic partnership with Serbian retailer Gomex and outlined plans for expansion into Europe and the US. \/ Credit: Bpacks<\/figcaption><\/figure>\n<\/p><\/div>\n<p class=\"drop-cap\"><a href=\"https:\/\/www.bpacks.eco\/\">Bpacks<\/a>, a UK-based developer of an innovative tree bark packaging technology, has announced the successful completion of a \u20ac1M pre-seed funding round. This milestone supports the company\u2019s mission to replace plastic materials with sustainable alternatives, rooted firmly in the circular economy.<\/p>\n<p>The packaging is 100% home compostable and made using a composite material derived from up to 80% industrial byproducts.<\/p>\n<p>\u201cOur product is universal in nature,\u201d explains Lev Bolshakov, co-founder of Bpacks. \u201cIt can help manufacturers of food and beverages, cosmetics and beauty products, and household items without causing environmental harm. Its high antibacterial index and ability to extend shelf life meet the demands of our clients.\u201d<\/p>\n<p>The company\u2019s technology allows the use of existing manufacturing equipment for plastics and pulp moulding, making integration into current production streams seamless.<\/p>\n<p>Notably, the eco-friendly packaging extends the shelf life of perishable goods such as meat, vegetables, and fruit by up to seven days, potentially reducing food waste by more than 42%.<\/p>\n<h2 class=\"wp-block-heading\" id=\"h-collaboration-with-gomex-and-commercialisation\">Collaboration with Gomex and commercialisation<\/h2>\n<p>Responding to rising demand for greener materials and extended shelf life from FMCG retailers, Bpacks has partnered with Serbian retailer Gomex. Operating over 300 stores across Southern Europe, Gomex has taken a leading role in commercialising the innovative tree bark packaging.<\/p>\n<div class=\"gdm-company-profile-unit\" id=\"company_profile_form\">\n<p class=\"gdm-company-profile-unit__sub-heading\">Access the most comprehensive Company Profiles<br \/>\n            on the market, powered by GlobalData. Save hours of research. 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Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.<\/span><\/p><\/div>\n<\/p><\/form>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p>\u201cESG principles and sustainability are central to our company\u2019s mission,\u201d says Dimitrije Stojanovi\u0107, CEO of Gomex.<\/p>\n<p>\u201cBy introducing this groundbreaking, eco-friendly packaging, we aim to lead by example and inspire more sustainable practices across our industry. The Bpacks solution will reduce product write-offs, enhance shelf life, and minimise waste, aligning seamlessly with our ESG values.\u201d<\/p>\n<p>The global rigid packaging market, valued at $218 billion in 2023, is projected to grow to $366 billion by 2034 at a compound annual growth rate (CAGR) of 5%.<\/p>\n<p>Simultaneously, the emerging market for wood waste in packaging is expected to contribute \u20ac100B.<\/p>\n<h2 class=\"wp-block-heading\" id=\"h-future-expansion-and-vision\">Future expansion and vision<\/h2>\n<p>Bpacks has ambitious plans for the coming years. The company aims to secure a seed round by March 2025 to fund the construction of its own pellet manufacturing facility, which will streamline its supply chain for plastics manufacturers and clients.<\/p>\n<p>\u201cWith this expansion, we project revenues exceeding \u20ac40M with a 30% EBITDA by 2028,\u201d notes Mikhail Taver, advisor and member of the Bpacks Board of Directors.<\/p>\n<p>\u201cSustainable innovation like Bpacks marks an important step for retailers seeking to reduce their environmental footprint without compromising quality or increasing costs.\u201d<\/p>\n<p>The company operates an R&amp;D centre in Belgrade, staffed by a team of five scientists who have already submitted the innovation for patenting.<\/p>\n<p>Bpacks plans to establish manufacturing operations in Spain by 2025 to address European market demands and is preparing for entry into the United States.<\/p>\n<p>Bpacks\u2019 achievements underline its potential to reshape the packaging industry with sustainable solutions, setting a new standard for eco-friendly innovation.<\/p>\n<p><!-- Newsletter banner start --><\/p>\n<p><!-- <link rel=\"stylesheet\" href=\"\"> --><\/p>\n<div class=\"grid-container\">\n<section class=\"gdm-newsletter-banner__container\">\n<div class=\"grid-x gdm-newsletter-banner__wrapper-container gdm-newsletter-banner__wrapper-container--article\">\n<div class=\"cell large-9 gdm-newsletter-banner-info__wrapper\">\n<div class=\"gdm-newsletter-banner-logo__container\">\n                    <img decoding=\"async\" src=\"https:\/\/www.packaging-gateway.com\/wp-content\/themes\/goodlife-wp-B2B\/assets\/images\/newsletter-new.svg\" alt=\"Email newsletter icon\"\/>\n                <\/div>\n<p><h3 class=\"gdm-newsletter-banner__heading wp-noreslt\">Sign up for our daily news round-up!<\/h3>\n<h3 class=\"gdm-newsletter-banner__sub-heading\">Give your business an edge with our leading industry insights.<\/h3>\n<\/p><\/div>\n<\/p><\/div>\n<\/section>\n<\/div>\n<p><!-- Newsletter banner end --><\/p>\n<footer class=\"article-footer\">\n                                <!-- article-actions start --><\/p>\n<p><!-- .gdm-article-actions -->                                <!-- article-actions end --><br \/>\n                            <\/footer>\n<\/p><\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/www.packaging-gateway.com\/news\/uk-startup-to-introduce-the-worlds-first-bark-packaging-to-replace-plastics\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bpacks has secured a strategic partnership with Serbian retailer Gomex and outlined plans for expansion into Europe and the US. \/ Credit: Bpacks Bpacks, a UK-based developer of an innovative tree bark packaging technology, has announced the successful completion of a \u20ac1M pre-seed funding round. This milestone supports the company\u2019s mission to replace plastic materials [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":4367,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[165],"tags":[1825],"class_list":["post-4366","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-packaging-news","tag-bark-packaging"],"_links":{"self":[{"href":"https:\/\/www.packagingindustrynews.com\/index.php?rest_route=\/wp\/v2\/posts\/4366","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.packagingindustrynews.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.packagingindustrynews.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.packagingindustrynews.com\/index.php?rest_route=\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/www.packagingindustrynews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=4366"}],"version-history":[{"count":0,"href":"https:\/\/www.packagingindustrynews.com\/index.php?rest_route=\/wp\/v2\/posts\/4366\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.packagingindustrynews.com\/index.php?rest_route=\/wp\/v2\/media\/4367"}],"wp:attachment":[{"href":"https:\/\/www.packagingindustrynews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=4366"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.packagingindustrynews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=4366"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.packagingindustrynews.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=4366"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}