Top 5 Vendors in the Global Bioadhesives Market for Packaging Applications: Technavio

September 28, 2017

LONDON–(BUSINESS WIRE)–#Adhesives—Technavio
has announced the top five leading vendors in their recent global
bioadhesives market for packaging applications report from
2017 to 2021. This market research report also lists seven other
prominent vendors that are expected to impact the market during the
forecast period.

Competitive vendor landscape

According to the research analysis, the global bioadhesives
market for packaging applications is expected to grow at a CAGR of
close to 14% until 2021. The global bioadhesives market for packaging is
expected to grow significantly during the forecast period due to
increasing environmental and regulatory concerns, growing production in
the industrial sector, and rising demand from end-users such as the
paper and packaging industries.

The global bioadhesives market for packaging applications is highly
fragmented, with the presence of many global and local vendors. The top
vendors in the market have manufacturing facilities worldwide and
operate through strategic partnerships and joint ventures. There are
many large-scale and small-scale companies in the market who compete
based on innovation, product quality, price, product differentiation,
and R&D.

According to Kurva Samba Sivudu, a lead analyst at Technavio for additives,
adhesives, and sealants research, “Some of the key factors that
potentially drive the market include increased acceptance for bio-based
products, cost effectiveness, environmental concerns, and government
norms to reduce the adoption of synthetic adhesives. Technological
improvements, easy availability of raw materials, and improvement in R&D
spending by prominent vendors are some other drivers that promote the
growth of the market.”

The report also states that the bioadhesives market for packaging is
expected to show high potential growth in economies such as Germany,
India, China, Japan, Brazil, the US, the Netherlands, and countries in
Africa.

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Technavio market research analysts identify the following key
vendors:

Danimer Scientific

Danimer Scientific manufactures biopolymers and bioplastics. The company
conducts extensive R&D in the formulation of biopolymers and provides
toll manufacturing and compounding services. Various products offered by
the company include biodegradable plastics, aqueous coatings, additives,
resins, hot melt adhesives, injection adhesives, and thermoforming
resins. Bioadhesives manufactured by the company consists of more than
50% of renewable substances. They are direct replacements for synthetic
adhesives and are used for packaging and lamination of products.

H.B. Fuller

H.B. Fuller caters to product segments such as adhesives, sealants, and
other specialty chemical products. Packaging, hygiene, general assembly,
electronics, paper converting, woodworking, and construction are the
end-user applications of adhesives and sealants manufactured by the
company. H.B. Fuller manufactures bioadhesives for flexible packaging,
cases and cartons, specialty packaging, packaging handles, and container
labeling.

Henkel

Henkel has four globally operating business units, which include
adhesive technologies, beauty care, laundry and home care, and
corporate. Henkel is a leading manufacturer of sealants, adhesives, and
functional coatings. Adhesive technology is the largest business unit of
the company, and thus, the product portfolio is organized under five
brands such as Loctite, Bonderite, Technomelt, Treason, and Aquence.

Ingredion

Ingredion is an ingredient solution company that operates globally.
Ingredion manufactures eco-friendly bioadhesives for packaging
applications. It is mainly applied in the corrugated packaging
applications for food and beverage industry. The eco-friendly and
bio-based adhesives manufactured by Ingredion provide flexibility and
customization.

The Dow Chemical Company

The Dow Chemical Company delivers technology-driven solutions to
customers in more than 175 countries. The global marketing trends such
as an increase in disposable income, rising population, and changes in
lifestyle can potentially drive the market for bioadhesives in the
packaging industry. The Dow Plastics and Packaging unit is experiencing
incremental growth rate due to the rise in the demand from market
segments such as the industrial and consumer packaging sectors.

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