flexible packaging adhesivesThe 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 adhesives industry.