Paptic
Paptic Ltd is a Finland-based materials company that develops wood-fibre-based Paptic® packaging substrates as a recyclable alternative to single-use plastics, selling to converters and enterprise brand owners across grocery, fashion, electronics, F&B, and hygiene verticals in 50+ countries.
- Company typePrivate
- Founded2015
- HeadquartersEspoo, Finland
- Headcount1–10
- GTM typeB2B
- OfferingHardware or Manufacturing
What Paptic does
Paptic Ltd is a Finland-based materials company founded in 2015 that develops and commercializes Paptic®, a patented wood-fibre-based flexible packaging material designed to substitute for single-use plastics in carrier bags, e-commerce mailers, garment bags, hygiene packaging, and dry-food pouches. The product family comprises a core Paptic® material plus three application-specific grades (Sterna®, Perdix®, Tringa®), and is recyclable in existing fibre streams, FSC-certified, and pre-aligned with the EU PPWR. Industrial-scale production began in 2018, and a foam-based manufacturing technology is currently being scaled with EUR 10M in non-dilutive funding from the Finnish Climate Fund.
The business model combines direct B2B sales through a regional team (DACH, France, UK/Ireland, Asia/Eastern Europe) with a converter/distributor channel led by Walki Group, Sagma Italy, DM Packaging Group, and Maxim Group, plus brand-side co-development with design partners such as Packdesign ID. Revenue is generated from volume-based material sales to converters and brand owners and from technology licensing. Disclosed revenue was EUR 11M in 2022 (the company's "best year ever"), with management publicly targeting EUR 100M by 2026; ~EUR 38M+ has been raised since 2023 from ECBF, Ecolab, Itochu, EIC, Finnish Climate Fund, and UB FIGG to fund industrial scale-up, geographic expansion into Asia and North America, and entry into the hygiene packaging vertical.
Customer concentration is moderate, with 100+ customers across grocery (Iceland Foods), fashion and luxury (H&M, Adidas, Stella McCartney, Kering-adjacent brands, COS, Stockmann, N Brown), electronics (Nikon), F&B (Jacob's Creek/Alko, Fazer, Santa Helena), toys (fischertechnik), and tools. The company is led by incoming CEO Jarkko Tuominen (effective 1 January 2026), succeeding co-founder Tuomas Mustonen, with a leadership team including COO Vesa Yliherne, CTO Heidi Saxell, and CSO Esa Torniainen.
Paptic firmographics
Firmographics- Name
- Paptic
- Legal name
- Paptic Ltd
- Website
- https://paptic.com
- Company type
- Private
- Founded year
- 2015
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- Paptic Ltd is a Finland-based materials company that develops wood-fibre-based Paptic® packaging substrates as a recyclable alternative to single-use plastics, selling to converters and enterprise brand owners across grocery, fashion, electronics, F&B, and hygiene verticals in 50+ countries.
- Ownership category
- akta.pro rank
Paptic industry classification
Industry- Product category
- Sustainable Flexible Packaging Materials
- NAICS
- Sanitary Paper Product Manufacturing (322291)
- SIC
- Papers & Allied Products (2600)
- akta.pro primary industry
- Paper-Based Packaging & Single-Use Paper Products (Paper Bags, Wraps, Cartons) (CRADALAL)
Keywords
Where Paptic is headquartered
LocationHeadquarters
- HQ city
- Espoo
- HQ country
- Finland
- HQ region
- Europe
Offices1 record
Markets served
Paptic business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Supply Chain, Operations, Technology or R&D, Personnel, Marketing or Sales
Revenue model
- Paptic® Material Sales: Sale of proprietary fibre-based packaging materials to brands, retailers, and converters. Materials sold in rolls/sheets to converters who produce finished packaging. Revenue from volume-based material sales.
- Licensing: Technology licensing for manufacturers to produce Paptic® materials using proprietary processes. Supports global expansion through production partnerships.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Multi-year contract | B2B direct sales with volume-based pricing |
Go-to-market motion4 records
Distribution channels4 records
Marketing channels8 records
Paptic product offering
Product offeringCore offering
Paptic manufactures and sells Paptic®, a proprietary bio-based, recyclable, and reusable wood fibre-based flexible packaging material designed to replace plastics in flexible packaging applications. The company sells material grades (Paptic Sterna®, Paptic Perdix®, Paptic Tringa®) in rolls/sheets to converters and brands across fashion, grocery, electronics, hygiene, food, and e-commerce segments, with technology licensing for global production partnerships.
Product overview
Paptic® is a family of bio-based, recyclable, and reusable wood fibre-based flexible packaging materials designed to replace plastics in various applications. The product portfolio includes the core Paptic® material and three specialized grades: Paptic Sterna®, Paptic Perdix®, and Paptic Tringa®, each tailored for specific packaging applications including carrier bags, hygiene packaging, product packaging, dry food packaging, garment bags, polybags, and e-commerce mailers.
Differentiator
Problem solved
Functional benefit
Brands
- Paptic Sterna®: Material grade for carrier bags and e-commerce mailers
- Paptic Perdix®
- Paptic Tringa®
Products and services
- Paptic® Bio-based, recyclable, reusable, wood fibre-based flexible packaging material made of renewable raw materials, designed to replace plastics in flexible packaging applications. Sold to converters, brands, and retailers.
- Paptic Sterna® A grade of Paptic® material for specific packaging applications including carrier bags and e-commerce mailers.
- Paptic Perdix® A grade of Paptic® material for specific packaging applications.
- Paptic Tringa® Sustainable packaging material grade designed for carrier bags and e-commerce mailers, featuring excellent printability and durability.
- Paptic Hygiene Packaging Wood fibre-based sustainable packaging solution for hygiene and feminine care products, designed to replace plastics while delivering premium feel and sound.
Quantifiable outcome
- 65% of consumers felt supermarket image improved after introducing wood-based reusable bag
- +4 more outcomes
Companies that use Paptic
Customer profileNamed customers19 records
Segments7 records
Ideal customer profiles5 records
Paptic technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature6 records
Paptic partnerships and signals
Strategic signalPartnerships
Twelve partnerships are on record, tiered strategic, core and minor.
- Moomin CharactersstrategicMade significant investment in Paptic Ltd in late 2019. Collaboration supports Paptic's international strategy. Moomin mugs packaged in Paptic® Tringa material in Moomin Shops starting 2020. Part of #OURSEA campaign.
- Walki GroupcoreWalki Group started as distributor and converter for Paptic materials, expanding production capacity and market reach.
- Sagma ItalycoreItalian converter producing Nikon transit bags from Paptic material. Bags used in Nikon's European repair and returns service.
- DM Packaging GroupcorePartner demonstrating Paptic® material running in live production environment at Interpack 2026 (Hall 11, Stand A76).
- Marvaco LtdstrategicPartnership with Marvaco to develop sustainable vegetable packaging. Used Expanded Gamut Printing with Flint Group C2C Material Health certified inks. Won ScanStar 2022 for Puukin Tila onion packaging.
- Packdesign IDstrategicDesign agency specializing in brand and packaging design. Developed Jacob's Creek gift bag, Santa Helena bag-in-box wine packaging, and other innovative solutions using Paptic materials.
- Maxim GroupcorePackaging provider that introduced Paptic materials to N Brown for their Simply Be + Twisted Wunder limited edition launch.
- Meira OyminorCoffee roastery whose production by-products were processed into bio-ink by TAMK and Natural Indigo Finland for printing on Paptic bags. Awarded Public Favourite at Uusi Puu 2025.
- Tampere University of Applied Sciences (TAMK)minorDeveloped water-based bio-ink from coffee waste by-products in collaboration with Meira Oy and Natural Indigo Finland. Applied to Paptic bags for Uusi Puu 2025 competition.
- Natural Indigo FinlandminorPartner in developing bio-ink from coffee waste for printing on Paptic material. Won Public Favourite at Uusi Puu 2025.
- H&MstrategicMajor fashion brand mentioned as collaborating with sustainable material producers including Paptic for sustainable fashion initiatives.
- AdidasstrategicMajor sportswear brand mentioned as collaborating with sustainable material producers for sustainable fashion initiatives.
Scale indicators13 records
Recent moves6 records
Expansion highlights6 records
Paptic competitors and assessment
Company assessmentBroad incumbents
- Smurfit Kappa: World leader in paper-based packaging with growing sustainable flexible packaging offerings. Serves similar consumer goods and retail customers with broader portfolio scale and established converter network.
- Mondi: Global packaging and paper group with extensive flexible packaging portfolio including sustainable product lines. Competes with Paptic across multiple packaging categories but at vastly larger scale and broader product breadth.
- Huhtamaki: Global food and consumer packaging company with significant flexible packaging operations and growing sustainable product lines. Operates broadly across packaging categories with overlapping customer base in retail and food service.
- Sealed Air: Global packaging company known for protective and food packaging, increasingly pivoting toward sustainable and recyclable solutions. Operates across overlapping customer segments with much larger scale and resources.
- Sappi: Global paper and packaging group producing sustainable fibre-based packaging materials including flexible packaging solutions. Direct technology overlap with Paptic in wood-fibre-based packaging substrates and significantly larger manufacturing scale.
- Amcor: Global packaging giant with extensive flexible packaging portfolio and growing sustainability offerings. Serves many of the same consumer goods and retail customers as Paptic, with substantially larger resources and global footprint.
Direct peers
- Walki Group: European packaging materials company specializing in fibre-based and sustainable packaging solutions. Walki is both a Paptic distributor/converter and a direct competitor in fibre-based flexible packaging, serving similar end markets including consumer goods and industrial packaging.
- Billerud: Swedish paper and packaging manufacturer with strong portfolio in sustainable, recyclable packaging materials serving consumer goods and industrial customers. Direct overlap with Paptic in fibre-based flexible packaging substitution for plastics.
- Futamura: Japanese manufacturer of cellulose-based films (NatureFlex) for compostable and sustainable packaging applications. Direct competitor in bio-based flexible packaging substitutes for plastic films, with comparable product positioning.
Emerging players
- Tipa: Israel-based company developing compostable flexible packaging films for food and consumer goods. Competes in adjacent bio-based packaging segment with similar sustainability value proposition, though focused on compostability versus recyclability.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat6 records
Key risks6 records
Key highlights7 records
Customer concentration
Paptic social profiles
Digital presencePaptic compliance and trust
Trust signalCompliance3 records
Paptic financial estimates
Financial estimateRevenue estimate
Valuation estimate
Paptic leadership team
Management profileNumber of profiles
Profiles15 records
Paptic funding detail
Funding detailFunding overview
Funding rounds8 records
Investors13 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Paptic M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Paptic
What does Paptic do?
Paptic manufactures and sells Paptic®, a proprietary bio-based, recyclable, and reusable wood fibre-based flexible packaging material designed to replace plastics in flexible packaging applications. The company sells material grades (Paptic Sterna®, Paptic Perdix®, Paptic Tringa®) in rolls/sheets to converters and brands across fashion, grocery, electronics, hygiene, food, and e-commerce segments, with technology licensing for global production partnerships.
Is Paptic a public or private company?
Paptic is a private company. It is classified as venture growth investor backed and is currently operating.
When was Paptic founded?
Paptic was founded in 2015. It employs 1 to 10 people.
Where is Paptic based?
Paptic is headquartered in Espoo, Finland, in the Europe region.
How does Paptic make money?
Two revenue lines are on record. Paptic® Material Sales are the primary driver. The others are licensing.
Who are Paptic's main competitors?
Broad incumbents on record are Smurfit Kappa, Mondi, Huhtamaki, Sealed Air, Sappi and Amcor. Direct peers are Walki Group, Billerud and Futamura. Tipa is listed as an emerging player.
Does Paptic have an API?
No public API is recorded for Paptic.
What industry is Paptic in?
Paptic's product category is Sustainable Flexible Packaging Materials. Its primary akta.pro industry code is CRADALAL, Paper-Based Packaging & Single-Use Paper Products (Paper Bags, Wraps, Cartons). Its NAICS code is 322291 and its SIC code is 2600.