The Packaging Adhesives Market is Expected to Grow Thanks to Increased Focus on R&D and Product Innovation: Technavio
May 22 2015 - 12:05PM
Business Wire
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.
Technavio currently has more than 3000 market research
reports on a huge range of topics, including 300+ reports on the
packaging market:
- Flexible Packaging Adhesives Market in
China 2015-2019
- Global Pressure-Sensitive Tapes Market
2015-2019
If you are interested in more information, please contact our
media team at media@technavio.com.
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Technavio ResearchJes Ellacott, Media & Marketing
ExecutiveUS: +1 630 333 9501 UK: +44 208 123
1770www.technavio.commedia@technavio.com