IRVINE, Calif., Oct. 20, 2010 (GLOBE NEWSWIRE) -- Navigating the challenging economic waters of the past few years has forced consumers and businesses alike to make tough decisions often bowing to economic concerns over being a good citizen of the world. However, many successful companies have found a path that respects profitability while doing what's good for the environment.
One such company is Biopack Environmental Solutions Inc. (OTCBB:BPAC), a designer, manufacturer and supplier of 100% biodegradable and compostable packaging products, which recently announced it had entered into an agreement with Solupack Sistemas de Embalagens Ltda ("Solupack") for distribution in Latin America.
Brazil is the world's largest producer of sugarcane, and its related waste by-product called "Bagasse" which is the source of Biopack's products, but has few manufacturers of packaging products using this ingredient. Solupack will use Biopack's products to launch into the biodegradable and environmentally-friendly packaging market.
Biopack is expanding R&D of its revolutionary "biodegradable" coating for its food trays enabling Biopack to establish a dominant position in massive new markets like fast food, fresh meat and seafood packaging. Other applications include airline food trays and the highly lucrative ready-meal / frozen food markets.
The key drivers behind the sustainable packaging market are legislation, consumer demand and building an environmentally-friendly corporate image. According to independent market research group PIRA International and Euromonitor International, the global consumer packaging market is expected to reach $440 billion by 2014. And packaging for food and beverages were the two largest end-use markets in 2009, accounting for nearly 70% of sales.
Biopack manufactures 100% biodegradable consumer packaging products from locally available sugar cane waste called Bagasse. Based in Hong Kong with manufacturing facilities in China, Biopack has earned the "premium brand" label in the biodegradable packaging market in Europe. Distributed under the "Roots Biopack" trademark, Biopack's unique line of compostable packaging is sold in 12 European countries, North America, Hong Kong, Taiwan and South Africa. For more information: .
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