BioPak Market Research Report

Company Overview

Name, Mission of the Company

• Name: BioPak

• Mission: Creating sustainable packaging that puts the planet first, aligned with their vision of a world without waste.

Founding Information

• Founded: 2006

• Founders: Richard Fine and Gary Smith

Key People in the Company

• CEO: Gary Smith

Headquarters

• Location: Suite 202/59-75 Grafton Street, Bondi Junction, NSW 2022, Australia

Number of Employees

• Employees: 214 dedicated full-time employees

Revenue

• No information is available

Recognition

• BioPak is known for disrupting the traditional ‘take, make, waste’ model, providing plant-based compostable food packaging that is environmentally sustainable.

Products

General Information

BioPak offers a range of compostable food packaging products made from plants.

Product Categories

Cups

• Hot Cup Lids

• Description: Leakproof and durable, with a unique waterproof barrier coating (Aqueous).

• Key Features: Compostable, home compostable, made with a reduced material content.

• Cold Cup Lids

• Description: Available in clear PLA, clear PET, and plant fiber.

• Key Features: Certified industrially compostable.

• Art Series & Indigenous Art Series Cups

• Description: Promote artists and indigenous talent, raise awareness of environmental themes.

Containers

• BioCane Clamshells & Fruit/Vegetable Trays

• Description: Strong, versatile, and made from bagasse (sugarcane pulp).

• Key Features: Compostable, home compostable, biodegradable.

• BioBoard Containers

• Description: FSC™ certified, PLA-lined catering trays and rectangular containers.

• Key Features: Sustainable, compostable FSC™ certified paper.

Cutlery & Straws

• Plant Fibre Cutlery

• Description: Made from compostable materials.

• Key Features: Durable, home compostable.

• Straws

• Description: Paper Scoop Spoon Straws.

• Key Features: FSC™ certified, home compostable.

Bags

• FSC™ Certified Paper Bags

• Description: Made from responsibly sourced paper.

• Key Features: Compostable, recyclable.

Key Product Features

• Compostable: All products are designed to be compostable.

• Certified: Certifications include industrial compostable (AS4736 & EN13432) and home compostable (AS5810 & NF T51-800).

• Sustainable Materials: Made from rapidly renewable, plant-based resources.

• Ethical Manufacturing: Ensures responsible sourcing and fair treatment of workers.

Recent Developments

New Products and Features

• Home Compostable Cups: Introduction of PHA cups made without any fossil-based materials.

• Plant Fibre Cutlery & Lids: Addition to the range of home compostable products.

• Aqueous Solutions: Expanded use of Aqueous coating for home compostable coffee cups.

Partnerships

• Pickler Partnership: Introduction of environmental impact labeling for increased transparency.

• Rainforest Rescue Collaboration: New ‘Leaf Series’ cups showcasing trees planted for reforestation.

Recognitions and Awards

• PIDA Award Winner 2023: For innovative and sustainable product design.

• Sustainability Leaders: Recognized by Financial Review for significant contributions towards sustainability.

• Supplier of the Year: Recognized by Woolworths for outstanding performance.

• WorldStar Packaging Awards: Multiple wins for innovative, sustainable packaging design.

Strategic Initiatives

• Emission Reduction Plan: Ceased carbon offsets to reinvest profits into the reduction plan.

• Compost Connect: Ongoing efforts to connect businesses to composting services and increase organic recycling rates.

Awards and Industry Recognition

• 7-Eleven Sustainability Excellence Award

• World Star Packaging Gold Sustainability Award

• Reward Hospitality Best Service Level Award

• 50 Australian Inventions Changing the World

Summary

BioPak is a pioneer in the field of sustainable, compostable food packaging. Founded in 2006 and led by CEO Gary Smith, the company has grown into a globally recognized brand known for its innovative and environmentally responsible products. BioPak's product range includes cups, containers, cutlery, straws, and bags, all designed for compostability. Recent developments focus on new compostable materials and advancing sustainability partnerships. BioPak continues to lead the industry with its commitment to reducing environmental impact and fostering positive change through partnerships and community initiatives.