Biopak Environmental Solutions Inc. (OTC:BPAC) takes great pride in its eco-friendly packaging products that are 100 percent biodegradable, recyclable, and compostable that offer an earth-friendly alternative to plastic, paper, and expanded polystyrene (NYSEARCA:EPS). Biopak is fully committed to the elimination of unnecessary pollution caused by packaging and to the conservation of the environment.
The company designs, manufactures, markets and supplies 100 % biodegradable bio-degradable food containers and disposable industrial packaging for consumer products. Its food containers and industrial packaging products include plates, bowls, boxes, trays, shoe supporters, and cases for electronic devices. The company sells its products through direct marketing, agents, distributors, legacy clients, and attendance at trade shows and expositions to the multinational corporations, supermarket chains, and restaurants located in North America, Europe, and Asia.
Biopack uses readily renewable locally available sugar cane waste called bagasse to create superior, innovative added-value packaging products normally made from plastic or paper. Global consumption of biodegradable packaging materials is expected to show an annual increase of 22 percent. In 2008, the global market for consumer packaging was estimated at $480 billion (NYSEARCA:USD) and was continuing to grow at a pace of five percent per year. Food packaging, which Biopak entered into in 2000 under the trademark Roots Biopak, is the largest segment of this global packaging market, which accounts for more than half of the total market and is experiencing steady growth.
Recently, Biopak signed an agreement with a U.S.-based expert international coatings and emulsions company to further expand its research and development initiatives and diversify its product applications in the ready-made meal and baked goods market.
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