Research and Markets: China Flexible Packaging Adhesives Technology Market 2015-2019 – Growing Popularity of Bio-based Flexible Packaging Adhesives
July 8, 2015 | By Business Wire News
DUBLIN
Research and Markets (http://www.researchandmarkets.com/research/4n6gc9/flexible) has announced the addition of the “Flexible Packaging Adhesives Technology Market in China 2015-2019” report to their offering.
The flexible packaging adhesives technology market in China to grow at a CAGR of 12.37% over the period 2014-2019.
Flexible packaging adhesives are used as bonding agents in flexible packaging. Their characteristics include clarity, strength, and resistance to heat and humidity. Based on the technology used in their production, flexible packaging adhesives can be segmented as water-based, solvent-based, hot-melt, solvent-free, and others.
The implementation of stringent environmental regulations by various regulatory bodies and the growing use of bio-based adhesives for general purpose and medium-performance packaging applications in various industries is expected to propel the demand for eco-friendly or green flexible packaging adhesives. In recent years, the packaging market in China has witnessed a gradual shift toward water-based adhesives as they are environmentally friendly, non-flammable, easy-to-clean, and contain high solid content. The introduction of bio-based compostable and solvent-free adhesives by major global players for use in general purpose packaging applications in the country has further augmented the popularity of bio-based flexible packaging adhesives. Moreover, with major global green adhesives vendors setting up their own in-house manufacturing units in China, to reduce the cost of meeting the standards set by local regulatory bodies, the trend is expected to have a major impact on the market in China in the coming years.
According to the report, 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 the demand in this market. Huge volume growth is expected from the meat, fish, poultry, pet food, and snacks sectors as these are evolving fast in terms of use of innovative flexible packaging products. Demand for convenient flexible packaging is on the rise as people look for easy-to-open, lightweight, and high-quality flexible packaging materials. These products use laminated films that are bonded using special adhesives. Therefore, robust growth in the flexible packaging market will result in increased demand for flexible packaging adhesives in the country.
Further, the report states that volatile prices and uncertainty in supply of feedstock affects the market as manufacturers of adhesives are forced to cut back on expenses to balance the losses incurred during acquisition of raw materials.
Key Vendors
– Beijing Comens New Materials
– Coim Group
– Cromogenia-Units
– Dow Chemical
– Henkel
– Huzhou Ochem Chemical
– Mitsui
– Sapici
– Shanghai KangDa New Materials
– Toyo Ink Group
Other Prominent Vendors
– 3M
– Ashland
– BASF
– Bayer
– Bostik
– Cyberbond Adhesives
– DIC
– DSM
– Eastman
– Evonik
– H.B. Fuller
– Jiangxi Ansheng Technology
– Master Bond
– Paramelt Specialty Materials (Suzhou)
– Rhein Chemie Rheinau
– ThreeBond Group
– Wacker China
– WUXI WanLi Adhesion Materials
For more information visit http://www.researchandmarkets.com/research/4n6gc9/flexible
View source version on businesswire.com: http://www.businesswire.com/news/home/20150708006179/en/
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Sector: Packaging
