Traceless Materials, a Germany-based bioplastic startup, partnered with international packaging and paper group Mondi to create a bio-circular packaging solution derived from agricultural byproducts to replace conventional plastic coatings.
The solution aims to meet the functional needs of various packaging applications while being environmentally sustainable. The partners claim that extensive testing for resistance to specific elements and alignment with printing requirements has shown promising results. Following further evaluations, production on an industrial scale is slated to begin.
Analyst QuickTake: The partnership builds on an existing relationship between the companies going back to 2021 and leverages Traceless' expertise in natural, polymer-based materials alongside Mondi's paper coating and packaging prowess. The partnership with Mondi also opens doors for Traceless for a potential scale-up of its bio-based coating.
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