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Bio-based Adhesives & Sealants: Global Markets 2018-2023 - Increasing Demand from the Packaging Sector is Driving Growth - ResearchAndMarkets.com

September 26, 2018

DUBLIN--(BUSINESS WIRE)--Sep 26, 2018--The “Global Bio-based Adhesives & Sealants Market - Segmented by Raw Materials, End-user Industry and Geography - Growth, Trends, and Forecast (2018-2023)” report has been added to ResearchAndMarkets.com’s offering.

The market for bio-based adhesives & sealants is expected to register a CAGR of 4.49% during the forecast period, 2018 to 2023.This growth is primarily driven by the increasing demand from the packaging sector and stringent regulations for conventional adhesives in the United States.Bio-based adhesives are finding increasing applications in the packaging sector, majorly for PET container packaging, flexible packaging, corrugated boards, carton side seams, and film-foil laminates.Flexible packaging is the second-largest packaging application segment of the overall packaging market, owing to various advantages, such as requiring 91% less material than rigid packaging, and about 96% of space saving. In the food industry, flexible packaging is being largely preferred due to its moisture absorption properties, product freshness, and temperature control while maintaining the shelf life of the product.Demand for lightweight and innovative packaging solutions from the food industry is majorly driving the consumption of bio-based adhesives.Corrugated boxes are among the fastest growing packaging materials. These boxes are the favored choice of various industries, such as food and beverage, automotive, FMCG, pharmaceutical, durable goods, and tobacco, among others. Expanding e-retailing business, and the usage of recycled paper, are fuelling the demand for corrugated boxes. Moreover, rising industrial activity, especially in the manufacturing and retail industry, is the major driver for the demand for corrugated boxes, as they are used for protection and transportation of goods.Also, many research activities are being carried out for sorting out newer bio-based adhesives for usage as tapes, in packaging applications. For instance, engineers at the University of Delaware have successfully developed a technique to produce packaging tapes from lignin.Key HighlightsIncreasing Demand from the Packaging SectorSoy Raw Material Segment to Contribute Significant Demand to the MarketEurope to Dominate the Market

Key Developments in the Market

DowDuPont Inc. announced the successful completion of the merger between the Dow Chemical Company and E I du Pont de Nemours and Company. The combined entity is operating as a holding company, under the name DowDuPont.

Key Topics Covered

1. Introduction

2. Executive Summary

3. Market Insights

4. Market Dynamics

5. Market Segmentation and Analysis

6. Regional Market Analysis

7. Future of the Market

8. Competitive Landscape

9. Company Profiles

3M CompanyArkema Group (Bostik S.A.)Artimelt AGAshland Inc.DowDuPont Inc.H.B. FullerHenkel AG & Company, KGaAHuntsman International LLCIngredion IncorporatedMapei S.p.AMaster Bond Inc.Paramelt B.V.Sika AGSolenis

For more information about this report visit https://www.researchandmarkets.com/research/l692x4/biobased?w=4

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Related Topics:Biomaterials

KEYWORD:

INDUSTRY KEYWORD: MANUFACTURING CHEMICALS/PLASTICS NATURAL RESOURCES OTHER NATURAL RESOURCES

SOURCE: Research and Markets

Copyright Business Wire 2018.

PUB: 09/26/2018 09:13 AM/DISC: 09/26/2018 09:13 AM

http://www.businesswire.com/news/home/20180926005529/en

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