Founding Members: LC Group 050

Overview

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• Problem: Harmful environmental impacts of conventional food wrap.
• Aluminum foil and traditional plastics

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• The Product: “EcoWrap”, a biodegradable food wrap
• Derived from bamboo viscose and polylactic acid equipped with an adhesive procured mainly CO₂.

Prototype

1. Improves Company Image

4. Environmentally Friendly

2. Heat Sustainability

5. Convenience

3. Tax Subsidies

6. Quality

Features

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Market Trends

95% support restaurants using environmentally friendly materials, even if it means they would have to pay more.

52% consider the restaurant’s values and environmental impact when choosing where they will eat at.

81% of millennials expect corporations to make public commitments to good corporate citizenship.

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66% of consumers will pay more for products from brands committed to environmentally friendly practices.

In a survey we conducted, we found:

Market Trends

• Improvements in technology and science are continually lowering the cost of producing sustainable packaging and bioplastics.

Sustainable Packaging Market worth 303.60 Billion USD in 2020

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Market Opportunity

Bioplastics market in North America estimated at 1.53 billion USD in 2018 and are becoming increasingly cheaper to manufacture

Growing annually by 5.1%.

Waste Statistics

• Decomposition time:
• Styrofoam: Does not decompose
• Plastic bags: 10-1000 years
• Plastic bottles: 450 years
• Aluminum cans: 80-200 years
• Foam: 50 years
• Polylactic Acid: 6 months
• Bamboo: 6 months

Average amount of plastic litter from takeout orders each year

Average amount of plastic packaging recycled each year in the U.S.

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THANK YOU