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Innovative Swedish company manufacturing biodegradable produ...
created · Updated
Deadline: Apr 29, 2022
Received 0 expressions of interest

Summary

The innovative Swedish company is offering biobased products, including plastic-free and biodegradable cups, straws and bags. The core technology consists of proprietary process for production of its biomaterial and the unique coating technique. The SME is entering the EU-market for establishing business, seeking distributors, wholesalers and commercial agency-agreements. The SME holds numerous international awards ex. “World's Most Innovative Sustainability Startup” among 1400 entrants.

Description

The Swedish company enables their customers to reduce their environmental footprint, move towards circular economy, achieve Sustainable Development Goals (SDGs), reach their corporate social responsibility (CSR) targets and enhance their brand image by showing their customers that they care!

The Swedish SME is preparing for an international market entry.
In order to grow international business and acquire customers, the Swedish company is seeking commercial & distribution partners for their circular and sustainable products including drinking cups, straws and bags.

GROWTH POTENTIAL
Looking at the market, bio-plastics cover only 1% of the total market share, which means there is a huge potential. And the Swedish company has a great position to influence this market.

MARKET POTENTIAL
The global bio-plastics market size was valued at USD 8.3 billion in 2019 and is expected to register a compound annual growth rate (CAGR) of 16.1% from 2020 to 2027 reaching to - USD 19.93 billion.

Europe is anticipated to witness the maximum growth over the forecast period. This is attributed to the factors, such as the presence of stringent regulations and increasing environmental concerns. Already from 2021, the EU has banned the sale of plastic products such as plastic straws, disposable plates, disposable cutlery, cotton swabs, etc.

SCALABILITY
The offered products can be produced using the conventional manufacturing facilities. This makes the technology highly scalable and cost-efficient to operate.

Moreover, selling B2B and having innovative products makes it easier to scale to other markets.

PREFERRED OUTCOME
This company is looking for trade partnerships through commercial agency agreement or distribution services agreement.

The company is looking for partners to expand to EU-markets. It is interested in building long term cooperation with commercial agents, wholesalers and distributors willing to promote, sell and distribute its products on local markets.

The relevant customer segments include, but not limited to, sectors such as food chains, facility management providers, event organizers and office suppliers.

Advantages & innovations

Conventional plastics are made from petroleum and stay in the environment up to 1000 years! By 2050, the oceans could have more plastic than fish. The Swedish company is on a mission to change that by transforming renewable resources to bio-based alternative products for replacing disposable plastics. With their breakthrough technology, they have succeeded to maximize the bio-based content, improve functionality and reduce the costs compared with the mainstream solutions. The offered products deliver environmental, technological and economical values such as: + Bio-based + Bio-degradable + Compostable + Recyclable + Reducing CO2 emission by up to 86% + Products are designed, sourced and made in Europe. The products are already validated and certified by the toughest certification standards in Europe and eco-label from Global SIF. Products could also be custom-made, profiled and branded.

Stage of development

Already on the market

Partner sought

Type and role of partner sought: Commercial partners interested in sustainability and circular economy. The Swedish company seeks distributors and/or agents specialized in distribution of eco-friendly products. The potential partner should already be operating on the market and possess a strong client base. The company is seeking to establish long-term cooperation. The company is striving for a front-runner brand image in sustainability and is committed to communicate to the end-customers the innovative, environmental and circular aspects of their business.

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Project full name: EIT Food Public Engagement Proof of Concepts Call for Proposals 2023, 2024, 2025
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    Project full name: EIT Food Public Engagement Proof of Concepts Call for Proposals 2023, 2024, 2025
    Project acronym: EIT Food PE PoC Call 2023, 2024, 2025
    Grant agreement number: N/A
    Total EU funding available: €360 000 per submission window (total for 3 rounds: €1 380 000)
    By the date of the Calls’ launches a webpage will be activated at eitfood.eu/projects/public-engagement-proof-of-concepts-call
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