Dallas, Texas (PRWEB) May 21, 2015
The report, Global Packaging Adhesives Market 2015-2019 says, one of the key trends expected to gain traction in the market during the forecast period is the popularity of pressure-sensitive adhesives. These adhesives work on the principle of polar attraction and are applied using pressure rather than chemical or mechanical reactions. There is no requirement for elaborate equipment, which saves time and labor costs. According to the latest market research report Global Packaging Adhesives Market 2015-2019, growing competition has made product differentiation essential to a company's success in the market.
The complete report of 66 pages is available at http://www.rnrmarketresearch.com/global-packaging-adhesives-market-2015-2019-market-report.html. The report provides 26 List of Exhibits that includes Segmentation analysis; Market Research Methodology; Revenue analysis of market players and more.
The analysts forecast global packaging adhesives market to grow at a CAGR of 5.85% over the period 2014-2019. According to the report, companies' increased focus on product innovation and R&D is primarily driving packaging adhesives market growth. Companies are trying to differentiate their product offerings using advanced technology that enables high-quality features. A shift from conventional petroleum-based adhesives to bio-based adhesives that use eco-friendly ingredients has led to the development of new bonding agents and new processes for the assembly of materials.
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 the desire for more convenient packaging, has created a demand for innovative bonding agents. This has significantly increased product innovation and R&D.
The new report Global Packaging Adhesives Market 2015-2019 also emphasizes the growing popularity of pressure sensitive adhesives. Their advantage lies in the fact these adhesives work on the principle of polar attraction and do not require either chemical or mechanical triggers, thus saving time and labor costs.
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Packaging Adhesives: Market Scope and Calculation of Market Size
The global packaging adhesives market can be divided into four segments based on the type of technology: Water-based, hot melt, solvent-based, and reactive and others. The key end-customers of packaging adhesives are packagers, manufacturers of consumer goods, and retailers.
The new report covers the present scenario and the growth prospects of the global packaging adhesives market from 2015-2019. To calculate the market size, the report uses the revenue generated from the sale of various types of packaging adhesives.
The following companies as the key players in the global packaging adhesives market: 3M Co., Avery Dennison Corp., Bostik SA, HB Fuller Co. and Henkel AG & Co.
Other Prominent Vendors in the market are: Ashland, Bayer, DIC, Dow, Dymax, Eastman, Jowat, Paramelt, Rhein Chemie, SAPICI and Sika.
Further, the report states that one of the key challenges to the growth of Packaging Adhesives market is the increase in regulatory barriers by authorities such as REACH and the US EPA. Vendors in the market have been facing pressure to produce adhesive solutions that emit less VOCs. Solvent-based adhesive formulations, which are required in some applications to get the desired results, contain high levels of hazardous compounds that are harmful for both humans and the environment.
Other Related Report:
Specialty Pressure-Sensitive Tape Market in Europe 2015-2019: The analysts forecast specialty pressure-sensitive tape market in Europe to grow at a CAGR of 2.58% by volume over the period 2014-2019.
This report covers the present scenario and the growth prospects of the specialty pressure-sensitive tape market in Europe for the period 2015-2019. To calculate the market size, the report considers the volume generated from the production of specialty pressure-sensitive tapes. The report also provides information on the different segments of the market based on the following criteria: End-user applications and Materials.
The report, Specialty Pressure-sensitive Tape Market in Europe 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. It also summarizes the challenges faced by the vendors and the market at large, and the key trends that are emerging in the market.
Key Vendors: 3M, Avery Dennison, Bostik and Essentra Specialty Tapes
Other Prominent Vendors: Adchem, Adhesive Applications, Berry Plastics, DeWAL Industries, Intertape Polymer Group, MACtac, PPI Adhesive Products, Scapa Group, Shurtape Technologies, TaraTape and Tesa tape
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