MRO Magazine

The Packaging Adhesives Market is Expected to Grow Thanks to Increased Focus on R&D and Product Innovation: Technavio


May 22, 2015
By Business Wire News

LONDON

Technavio has published a new report on the global packaging adhesives market, which is expected to grow at a CAGR of almost 6% from 2015-2019.

Packaging Adhesives: About the Report

According to the latest market research report by Technavio, growing competition has made product differentiation essential to a companies’ success in the market.

The shift from conventional petroleum-based adhesives to bio-based adhesives that use eco-friendly ingredients has led to a need for new bonding agents and new processes for material assembly, which adds to R&D costs.

“The changing dynamics of the packaging industry, such as consumers’ increased exposure to fast-moving consumer goods and desire for more convenient packaging, has created a demand for innovative bonding agents. This has significantly increased product innovation and R&D,” says Faisal Ghaus, Vice President of Technavio.

The new Technavio report also emphasizes the growing popularity of pressure sensitive adhesives. Their advantage lies in the fact that these adhesives work on the principle of polar attraction and do not require either chemical or mechanical triggers, thus saving time and labor costs.

Packaging Adhesives: Market Scope and Calculation of Market Size

The new Technavio report covers the present scenario and the growth prospects of the global packaging adhesives market from 2015-2019. To calculate the market size, Technavio uses the revenue generated from the sale of various types of packaging adhesives.

Key Information Covered in the Report:

  • Key Vendors:
    • 3M Co.
    • Avery Dennison Corp.
    • Bostik SA
    • HB Fuller Co.
  • Market Growth Drivers:
    • Increased Focus on Product Innovation and R&D
    • For a full detailed list, view our report.
  • Market Challenges:
    • Increased Regulatory Barriers by Authorities
    • For a full detailed list, view our report.
  • Market Trends:
    • Popularity of Pressure-sensitive Adhesives
    • For a full detailed list, view our report.

Technaviocurrently has more than 3000 market research reports on a huge range of topics, including 300+ reports on the packaging market:

If you are interested in more information, please contact our media team at media@technavio.com.

Technavio Research
Jes Ellacott, Media & Marketing Executive
US: +1 630 333 9501 UK: +44 208 123 1770
www.technavio.com
media@technavio.com