Packaging Problems Vanish with Phantm
Innovative software solutions to help businesses measure, manage, and reduce the environmental impact of their packaging materials.
About
Phantm is a Melbourne-based cleantech startup on an urgent mission to help businesses reduce the environmental impact of their packaging, understand their materials usage, and transition to better end-of-life pathways.
We provide innovative software solutions to help businesses measure, manage, and reduce the environmental impact of their packaging materials. - Elliot Costello, CEO of Phantm
Our team comprises entrepreneurs, material technologists, strategists, chemical engineers, consumer product and packaging experts, data scientists, and circular economy specialists. This diverse expertise, combined with our significant subject-matter knowledge in natural materials and track record of delivering successful ventures with social and environmental impact, uniquely positions us to lead in this space.
The team
Why Melbourne
Melbourne has been chosen as the launchpad for Phantm due to its vibrant startup ecosystem, strong sustainability focus, and access to talent in technology and environmental sciences. It also offers ideal proximity to major brands and retailers. The city's commitment to becoming a leader in climate action aligns perfectly with Phantm's mission to drive innovation in sustainable packaging solutions. We fundamentally believe that Melbourne is a great market to build and test technology before expanding to international markets.
Phantm is addressing the critical challenge of plastic pollution and its impact on environmental degradation and climate change. The excessive use of fossil-based plastics contributes significantly to greenhouse gas emissions and environmental degradation.
Challenge
Globally, plastic production is expected to triple by 2050, potentially accounting for 20% of global oil consumption, exacerbating pollution and contributing significantly to greenhouse gas emissions. In Australia, only 13% of plastic is recycled, with the rest ending up in landfills or the environment. This highlights the urgent need for innovative solutions in packaging sustainability.
Solution
Phantm provides a comprehensive digital solution to tackle the plastic crisis:
- We’re in the process of developing and demoing Phantm Captr, our innovative software that streamlines packaging data management, allowing companies to measure, manage, and share their packaging data efficiently.
- Our team conducts Life Cycle Assessments (LCAs) to accurately measure the environmental impact of packaging materials, as well as leveraging our expertise to recommend directions companies can make in light of the LCA reports..
- We assist businesses in reducing materials in their supply chain, supporting both sustainability objectives and cost reduction.
- Using independent data, we guide companies in transitioning to more sustainable, regenerative materials.
Our solution addresses critical customer problems such as:
- Lack of quality packaging data for regulatory compliance
- Difficulty in measuring and reporting on packaging footprint
- Challenges in identifying and implementing more sustainable packaging alternatives
Result
Phantm has made significant progress since its inception:
- We've successfully transitioned from a manufacturing focus to a digital-first business model, adapting to market needs.
- We've secured partnerships with major brands such as MECCA, Qantas, Unilever, Thankyou Group, Amazon, David Jones, and Asahi to measure and reduce the environmental impact of their packaging.
- Our customer base has tripled in recent quarters, demonstrating strong market demand for our solutions.
- Current development of Phantm Captr, our innovative software solution for packaging data management, which is set to revolutionise how companies handle their packaging data.
- Established ourselves as thought leaders in sustainable packaging through webinars, industry events and blogs.
Looking ahead, Phantm has ambitious plans for growth:
- We aim to expand our customer base, targeting major retailers and suppliers across Australia and beyond, with a focus on companies preparing for upcoming APCO and mandatory climate reporting requirements.
- We're continuously developing and improving our technology, with plans to integrate advanced features like AI-driven insights and predictive analytics into Phantm Captr.
- We're exploring partnerships with industry leaders and complementary solution providers to extend our reach and impact, including potential collaborations in international markets like Singapore.
- We're positioning ourselves as thought leaders in sustainability data management, leveraging insights from global events like NY Climate Week to drive innovation in the packaging industry.
Through these initiatives, Phantm is poised to make a significant impact on reducing plastic waste and driving the transition to a more sustainable, circular economy in packaging. Our focus on data-driven solutions and customer-centric innovation puts us at the forefront of the fight against plastic pollution and climate change.
Contact
Website: https://www.phantm.com/
LinkedIn: https://www.linkedin.com/company/phantm/
Instagram: https://www.instagram.com/phantm.labs/
