DUBLIN--(BUSINESS WIRE)--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 Highlights
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Increasing Demand from the Packaging Sector
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Soy Raw Material Segment to Contribute Significant Demand to the Market
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Europe 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
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3M Company
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Arkema Group (Bostik S.A.)
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Artimelt AG
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Ashland Inc.
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DowDuPont Inc.
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H.B. Fuller
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Henkel AG & Company, KGaA
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Huntsman International LLC
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Ingredion Incorporated
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Mapei S.p.A
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Master Bond Inc.
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Paramelt B.V.
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Sika AG
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Solenis
For more information about this report visit https://www.researchandmarkets.com/research/l692x4/biobased?w=4
