15 June 2021
Woolworths increases SECOS’ Compostable Bags
Highlights:
- Woolworths increases SECOS’ certified compostable bin liners from initial 88 stores to 203 stores
- SECOS was selected by Woolworths to supply certified compostable 8L Kitchen Caddy Bag and 36L Bin Liners which retail under the MyEcoBag™ brand commencing July last year
- The initial rollout to 88 Eco Stores has performed above expectations resulting in SECOS being awarded an additional 115 stores within Woolworths’ retail network
- The availability of SECOS’ compostable bags via a broader network of Woolworths stores will give more households participating in approved council food organic waste programs the option to dispose of the bags and food waste in their green waste bin
- The acceptance by Woolworths together with a long list of government Councils requiring the use of SECOS’ compostable bag range further validates the Company’s reputation as a leader in sustainable and environmental products
- Volumes will be subject to instore sales growth, however current demand for compostable bags via retail chains is a significant and growing market as consumers adopt products that comply with circular economy principles
- SECOS anticipates further opportunities for growth in new markets for its branded MyEcoBag™ and MyEcoPet™ line of products and is working to garner market share in grocery and convenience stores in Australia, Latin America and in the US