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Growing Use of Bio-based Adhesives to Propel Demand for Flexible Packaging Adhesives: Technavio

Published on 2015-05-18. Author : SpecialChem

London, UK -- Technavio, the independent tech-focused global research firm, has published a report on the flexible packaging adhesives market in China 2015-2019, which is expected to grow at a CAGR of 12.37 and 10.10 % during the forecast period of 2014-2019, as per volume and revenue, respectively.

The flexible packaging market in China is poised for healthy growth in terms of volume and demand during the forecast period. Rising household income in China and the growing demand for packaged foods and beverages fuel demand in this market.
“The implementation of stringent environmental regulations by various regulatory bodies and the growing use of bio-based adhesives in various industries is expected to propel demand for eco-friendly or green flexible packaging adhesives,” says Faisal Ghaus, Vice President of Technavio.

“Vendors find the high solid content of water-based adhesives advantageous in terms of performance and cost, as it allows for more coverage per volume during application.”

Key Market Drivers
• Growing flexible packaging market in China
• Increase in production capacities and investment in R&D
• Increased demand for eco-friendly products
• Continued economic growth in China

Key Market Trends
• Increasing demand for green and sustainable formulations
• Demand for raw materials used to manufacture specialty adhesives
• Technological advancements in line with environmental regulations

Key Market Vendors
• Ashland
• Evonik Industries
• H.B. Fuller
• Henkel
• Huitian
• Shanghai KangDa New Materials
• Wacker China
• Wuxi Wanli Adhesion Materials Co. Ltd.
• Yong Yi Adhesive (Zhongshan) Co. Ltd.
• Zhejiang Yonghe Adhesive Products Co. Ltd.

About TechNavio

TechNavio is one of the leading technology research and advisory companies with a global coverage. They focus on emerging technology trends that can shape the market. It identifies and explains these trends to customers to help them take better decisions. TechNavio models the trends using a mix of quantitative and qualitative tools in its proprietary research methodologies. It builds forecasts across market segments and geographies based on the trends identified. These forecasts and analysis are used to help its customers identify new and existing opportunities in their markets. It also helps customers assess their competitive position in a changing market scenario.

Source: TechNavio
 


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