About Bioadhesives for Packaging Applications
Bioadhesives are natural polymeric substances that are formed synthetically from biological monomers such as sugars. The primary composition of bioadhesives includes raw materials such as proteins and carbohydrates, of which gelatin and starch are general-purpose adhesives. It is majorly used in end-user applications such as in paper and packaging application, construction sector and wood and furniture industry.
Technavio’s analysts forecast the global bioadhesives market for packaging applications to grow at a CAGR of 13.67% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global bioadhesives market for packaging applications for 2017-2021. The report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Bioadhesives Market for Packaging Applications 2017-2021
Technavio recognizes the following companies as the key players in the global bioadhesives market for packaging applications: Danimer Scientific, H.B. Fuller, Henkel, Ingredion, and The Dow Chemical Company.
Other Prominent Vendors in the market are: Arkema, Bioadhesive Alliance, Materialize.X, Paramelt, Scion (New Zealand Forest Research Institute), TOTAL Group, and Yparex.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is increasing opportunities for bioadhesives in packaging. Bioadhesives are finding widespread applications in many industries such as packaging, automotive, healthcare, paper and pulp, pharmaceutical, wood, bio-medicine, and surgical medicine. The demand for bioadhesives will be the highest from the paper and packaging industry.”
According to the report, one driver in the market is favorable policies by government regulatory bodies. Favorable policies by government bodies on bioadhesives in consumer and industrial applications will lead the potential growth of the market. Environmental agencies such as the CEC and the EPA have imposed strict regulations to reduce the consumption of synthetic adhesives, which will tremendously boost the growth of the bioadhesives market in end-user applications, especially in packaging. Synthetic adhesives are derived from petrochemicals that have high volatile organic compound (VOC) content.
Further, the report states that one challenge in the market is low shelf life of bioadhesives. Bioadhesives that are generally made from plant and animal sources have a low shelf life. When compared with the synthetic adhesives, bioadhesives decompose faster and thus cannot be stored in the liquid form. Many products are manufactured from bioadhesives. As a result, they are used in many end-use applications. Thus, it is highly essential to store and transport bio-based adhesives for extended durations. It increases the inventory cost, as well as the maintenance cost. Owing to the reduced shelf-life of bio-based adhesives, there is a possibility for industries and consumers to switch to synthetic adhesives. This will hamper the growth of the market during the forecast period.
Danimer Scientific, H.B. Fuller, Henkel, Ingredion, The Dow Chemical Company, Arkema, Bioadhesive Alliance, Materialize.X, Paramelt, Scion (New Zealand Forest Research Institute), TOTAL Group, and Yparex.
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