With a growing demand for sustainable solutions in North America, Exclusiv'Or will capitalize on the North American market by offering two ranges of environmentally friendly products: potato starch and bioplastics (granules or films).
Market starch
The Canadian starch market is mainly composed of seven companies, two of which hold more than 80% of the market share. These two companies are subsidiaries of multinationals, the leader of which is of Chinese origin (Asia Bio-Chem Group Corp/Asia Bio-Chem Group Company) and the second of American origin (Ingredion Canada Corporation). Only Manitoba Starch Product is Canadian (headquartered in Canada) and it ranks 3rd with only 4% of the market share.
Manitoba Starch Product est la seule entreprise spécialisée dans la fabrication de la fécule de pomme de terre. Actuellement, aucune amidonnerie n'est présente au Québec, offrant à Exclusiv'Or un avantage compétitif en tant que pionnier dans la valorisation des résidus de pommes de terre. Selon la Base de données sur les importateurs canadiens (BDIC), les importations canadiennes d’amidon s’élevaient en 2022 à 115 millions.
Packaging market agricultural and vegetable
The global bioplastics market size is expected to reach USD 26.0 billion by 2027, according to a new report by Grand View Research, Inc. It is expected to grow at a CAGR of 16.1% over the forecast period. According to European Bioplastics e.v., global bioplastics production capacity was 2.1 million kilotons in 2019, and is expected to reach 2.4 million kilotons by 2024. The packaging applications segment dominated the global market in 2019 and accounted for over 62% of the market revenue share. The North American agricultural packaging market is expected to reach $7.12 billion by 2028, up from $4.53 billion in 2020. PATATES DOLBEC's transition plan to sustainable packaging in collaboration with Exclusiv'Or Inc. underscores this trend and foreshadows increasing demand for bioplastics, as it has a potential market of over 120 million pounds of table potatoes to be sustainably packaged. The projected demand for 1.2 to 1.5 million pounds of bioplastic film rolls from the company 'les EMBALLAGES TRIUM', printer of Patates Dolbec bags, indicates a significant opportunity for Exclusiv'Or Inc.
Market of nursery bags
The Canadian ornamental horticulture market is segmented by type (floriculture and nursery), distribution channel (flower store chains, national wholesalers, retail outlets, retail florists, garden centers, landscaping contractors and other distribution channels). The Canadian ornamental horticulture market is expected to record a CAGR of 6.2% over the forecast period. The Canadian ornamental horticulture sector includes floriculture (greenhouse flowers and potted plants) and nursery. According to Agriculture and Agri-Food Canada, in 2021, the total number of nurseries was 1,840, followed by greenhouses with specialized flower producers with 1,557, turf 223, and field-grown cut flowers 189. The total area of Canadian ornamental farms is 37,956 hectares.
By using our bioplastic films to make nursery bags, we limit landfilling and planting time (to plant seedlings with petro-sourced bags, time must be taken to tear them and remove the seedling from the bag, whereas with our biosourced bags planting is done directly with the bag that will degrade in the soil.
Market of mulch films
Regarding the specific case of agricultural plastic, in Quebec and globally, the quantities of agricultural plastics (all types of plastics combined) put on the market and therefore generated by farms in Quebec are estimated at about 11,000 tons. About 845 tons of plastic mulch used for agriculture are sold per year. According to an analysis of our production costs and the offer of our main competitor in this market segment (FilmOrganic), this is the product with high added value.