The latest report from Technavio brings hope for China’s flexible packaging adhesives technology market.
It forecasts this market to grow at a CAGR of 12.37% over the period of 2014 to 2019.
Flexible packaging adhesives, which act as bonding agents, are necessary for flexible packaging. Some of their notable characteristics include strength, clarity, and resistance to humidity as well as heat.
Such adhesives are classified into solvent-based, water-based, solvent-free, hot-melt and other segments based on the technology utilized in their production.
With almost 300 global analysts, Technavio covers over 500 technologies across 80 nations. Its reports are often quoted by Forbes Asia and New York Times, along with other web media portals.
This recent report has been prepared with inputs from industry experts and is based on a comprehensive market analysis. It covers China’s flexible packaging adhesives market and its growth prospects in the impending years. The key vendors operating in China’s market are also mentioned in this report.
Other Forecasts for the Flexible Packaging Adhesives Market
The report mentions some strict environmental regulations implemented by various regularity bodies. Along with increasing use of bio-based adhesives, this is set to fuel the demand for green or eco-friendly flexible packaging adhesives.
As the flexible packaging market in China grows and a steady demand arises for packaging adhesives, demand for raw material will rise too. Polyvinyl alcohol, acrylic emulsion, polyester and ethylene vinyl acetate, which are used to manufacture specialty adhesives, will experience a growing demand in the market.
The report also highlights how many flexible packaging manufacturers are battling significant challenges due to stringent protocols and environment regulations related to the product quality, especially those meant for export.
The flexible packaging adhesives market is experiencing good growth at present. This run is expected to continue in the near future, mostly driven by the highly growing Asia-Pacific. Technavio’s report also supports this trend.
As the flexible packaging market expands, it is set to experience the fastest growing application of packaging adhesives. Some experts consider consumers’ rising awareness of food safety, the F&B industry, and growing infrastructure in emerging countries (such as China, Brazil and India) to be the key drivers of the packaging industry.
Latest Updates
The flexible packaging adhesives technology market has seen significant growth in recent years, thanks to the rising demand for Packaging Adhesives from various industries. Years ago, the Global Flexible Packaging Adhesives Technology Market is expected to reach USD Multi-million by 2022. Today, the market is still growing as demand for new packaging solutions continues.
The flexible packaging adhesives technology market is segmented by product type into water-based adhesives, solvent-based adhesives, hot-melt adhesives, and radiation-curable adhesives. Among these, water-based adhesives are expected to witness the highest growth over the forecast period as they are non-toxic, emit low levels of Volatile Organic Compounds (VOCs), and offer superior performance in terms of heat resistance and moisture resistance.
By application, the flexible packaging adhesives market is classified into lamination and coating, labels and tags, pouches and bags, and Hygiene Product. Among these applications, lamination and coating are estimated to be the largest and fastest-growing application segment over the forecast period as adhesive lamination is used in a wide range of flexible packaging products such as food wrappers & bags, beverage wraps, medical packaging films, wipes and hygiene products. As hygiene products become increasingly important in today’s world due to the COVID-19 pandemic, this application segment is expected to see significant growth in the coming years.
Some of the major players in this market include Henkel AG & Co., 3M Company, DowDuPont Inc., H.B Fuller Company, and other renowned companies. These companies are engaged in various strategies such as mergers & acquisitions, expansions, and new product launches to gain a competitive edge in this market.
With these continuous efforts, the flexible packaging adhesives technology market is expected to grow significantly over the forecast period. COVID -19 has been one of the major restraining factors for this industry preventing it from reaching its potential height due to lockdowns imposed by governments across countries.
It has led to disrupted supply chains thereby hampering production activities. However, things have started lookout post lockdown restrictions have started to ease out. These would result in production activities getting back on track thereby augmenting industry growth over forthcoming years.
Reports On Packaging Industry
The Flexible Packaging Adhesives Technology market report covers the latest market insights, industry facts, and future developments. The Flexible Packaging Adhesives Technology market report includes key players, recent developments, and strategies followed by them to stay ahead in this rapidly growing market. The Flexible Packaging Adhesives Technology market report also provides Porter’s Five Forces and SWOT analysis to understand the role of buyers, suppliers, and substitutes in this market.
The study objectives of this report are:
- To understand the structure of the Flexible Packaging Adhesives Technology market and identify its various subsegments.
- To provide in-depth information affecting the packaging market’s expansion.
- To evaluate market expansions, new product launches, agreements, and acquisitions.
- To carefully examine the growth strategies of the companies in this industry.
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