Global Packaging Adhesives Market 2015-2019
About Packaging Adhesives
Adhesives are substances that are applied to the surfaces of materials to fasten and bond them. They are made using a variety of raw materials, such as acrylic resins, PVAc, PU, styrene blocks, epoxy compounds, EVA, and silicones. Adhesives are finding a application in the packaging of products, apart from being used in assembly manufacturing, construction, and automotive industries. They are used in paperboard packaging and carton sealing, erection of trays, flexible cover sealing, container labeling, palletizing, and folding boxes.
TechNavio's analysts forecast the global packaging adhesives market to grow at a CAGR of 5.85% over the period 2014-2019.
Covered in this Report
The global packaging adhesives market can be divided into four segments based on the type of technology: Water-based, hot melt, solvent-based, and reactive and others. The key end-customers of packaging adhesives are packagers, manufacturers of consumer goods, and retailers.
TechNavio's report, Global Packaging Adhesives Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers APAC, Europe, North America, and ROW; it also covers the global packaging adhesives market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.Key Regions
Technavio Announces the Publication of its Research Report – Global Packaging Adhesives Market 2015-2019
Technavio recognizes the following companies as the key players in the global packaging adhesives market: 3M Co., Avery Dennison Corp., Bostik SA, HB Fuller Co. and Henkel AG & Co.
Other Prominent Vendors in the market are: Ashland, Bayer, DIC, Dow, Dymax, Eastman, Jowat, Paramelt, Rhein Chemie, SAPICI and Sika
Commenting on the report, an analyst from Technavio’s team said: “One of the key trends expected to gain traction in the market during the forecast period is the popularity of pressure-sensitive adhesives. These adhesives work on the principle of polar attraction and are applied using pressure rather than chemical or mechanical reactions. There is no requirement for elaborate equipment, which saves time and labor costs.”
According to the report, companies’ increased focus on product innovation and R&D is primarily driving market growth. Companies are trying to differentiate their product offerings using advanced technology that enables high-quality features. A shift from conventional petroleum-based adhesives to bio-based adhesives that use eco-friendly ingredients has led to the development of new bonding agents and new processes for the assembly of materials.
Further, the report states that one of the key challenges to the growth of this market is the increase in regulatory barriers by authorities such as REACH and the US EPA. Vendors in the market have been facing pressure to produce adhesive solutions that emit less VOCs. Solvent-based adhesive formulations, which are required in some applications to get the desired results, contain high levels of hazardous compounds that are harmful for both humans and the environment.
3M Co, Avery Dennison Corp, Bostik SA, HB Fuller Co, Henkel AG & Co, Ashland, Bayer, DIC, Dow, Dymax, Eastman, Jowat, Paramelt, Rhein Chemie, SAPICI, Sika