Bpacks, a European startup pioneering tree bark-based packaging, has successfully raised €1 million in pre-seed funding. This innovative company has developed a composite material using a proprietary formula that can be manufactured using existing plastic production equipment and pulp molding technology.
Partnership with Gomex
Bpacks has secured a significant partnership with the retailer Gomex, rolling out its tree bark-based packaging across over 300 stores in Southern Europe.
Funding and Future Plans
The pre-seed funding will be used to purchase equipment for the company’s Belgrade production site and expand its research and development team. Bpacks aims to secure a seed round by March 2025, establish its own manufacturing facility, and build a robust supply chain.
Product Development and Applications
Bpacks is developing a range of products, including food trays, coffee cups, and containers for beauty products. The company is particularly interested in the beauty industry, which is actively seeking sustainable alternatives to plastic and glass.
Key Advantages of Tree Bark Packaging
- Sustainable: Made from 80% wood waste byproducts, biodegradable, and compostable.
- Antibacterial: Enhances the shelf life of products.
- Cost-Effective: Seamlessly integrates into existing manufacturing processes without significantly increasing costs.
Expansion Plans
Initially focusing on European markets, Bpacks plans to expand its commercial operations to North America by 2026.
Industry Support
Mikhail Taver, an advisor at Bpacks, emphasized the significance of this development for retailers seeking environmentally friendly packaging solutions without compromising quality. Dimitrije Stojanović, CEO of Gomex, highlighted the company’s commitment to ESG principles and sustainability.
Industry-Wide Shift Towards Sustainable Alternatives
The growing demand for sustainable packaging solutions is evident across the industry. Other startups are exploring innovative alternatives, such as seaweed, mushrooms, and mycelium.
Key Takeaways:
- Bpacks’ tree bark-based packaging offers a promising alternative to traditional plastic packaging.
- The company’s partnerships and funding success indicate a strong market demand for sustainable solutions.
- The development of innovative packaging materials is crucial in addressing the global plastic waste crisis.
