Enterprise Name :
AecopaQ develops biodegradable, recyclable and compostable food packaging using natural and local fibers.
Year's creation :
No. and Street :
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The main issues in this area are volume, cost and environmental impact during production, disposal and / or recycling.
The objective of æcopaQ is to provide affordable, biodegradable, compostable, recyclable, healthy and environmentally friendly food packaging products while respecting the appropriate mechanical properties to meet the demanding needs of the industry for the purpose of replace styrofoam and plastic products.
According to Freedonia Group, an independent market research company in the industry, Green Packaging was $ 212 billion in 2015. Green packaging demand will continue to grow at a rate of 5.7% per year. North America accounts for $ 59 billion (28%) of global demand.
æcopaQ will focus on cafeteria catering trays where the company has identified a unique opportunity supported by Letters of Intent.
æcopaQ Potential Addressable Market (PAM)
Year 1: 28 million units
Year 2: 51 million units
Year 3: 64 million units