Paptic Ltd, established in 2015 and headquartered in Espoo, Finland, develops Paptic®, a fibre-based and recyclable material intended to replace plastics and conventional packaging materials. Paptic® materials have been available on an industrial scale since 2018 and are delivered to over 50 countries. The company employs about 45 professionals. Paptic focuses on serving international brand owners seeking sustainable alternatives and emphasizes new product development and cooperation with leading global brands. Management has an ambitious goal to reach EUR 100 million in revenue by 2026 and plans to invest in people, sales channels, technology, and product development to accelerate growth. In 2023 Paptic completed growth financings totalling EUR 27.5 million to support that expansion. Paptic develops Paptic®, a fibre-based and recyclable material intended to replace plastics and conventional materials in flexible packaging. Its material has been available on an industrial scale since 2018 and the company highlights unique touch-and-feel properties that run on existing converting lines. Paptic is expanding its materials portfolio and aims to make its flexible packaging materials more widely available globally. The company is accelerating the industrial scaling of a foam-based manufacturing technology to support production growth. Paptic says the investment will enhance its ability to serve a global customer base and advance its commitment to be carbon-neutral by 2030. The article notes a large addressable market — the global flexible packaging market is estimated at over €200 billion annually, with about 70% of materials currently plastics, and nearly half of end-uses potentially replaceable with renewable Paptic® materials.

Total raised

$30M

Funding rounds

2

Latest round

Equity

Latest activity

Jan 2024