London, 11 May 2015: Technavio, the independent tech-focused global research firm, has published a report on the flexible packaging adhesives market in China 2015-2019, which is expected to grow at a CAGR of 12.37 and 10.10 % during the forecast period of 2014-2019, as per volume and revenue, respectively.
The flexible packaging market in China is poised for healthy growth in terms of volume and demand during the forecast period. Rising household income in China and the growing demand for packaged foods and beverages fuel demand in this market.
“The implementation of stringent environmental regulations by various regulatory bodies and the growing use of bio-based adhesives in various industries is expected to propel demand for eco-friendly or green flexible packaging adhesives,” says Faisal Ghaus, Vice President of Technavio.
“Vendors find the high solid content of water-based adhesives advantageous in terms of performance and cost, as it allows for more coverage per volume during application.”
Key Market Drivers
- Growing flexible packaging market in China
- Increase in production capacities and investment in R&D
- Increased demand for eco-friendly products
- Continued economic growth in China
Key Market Trends
- Increasing demand for green and sustainable formulations
- Demand for raw materials used to manufacture specialty adhesives
- Technological advancements in line with environmental regulations
Key Market Vendors
- Ashland
- Evonik Industries
- H.B. Fuller
- Henkel
- Huitian
- Shanghai KangDa New Materials
- Wacker China
- Wuxi Wanli Adhesion Materials Co. Ltd.
- Yong Yi Adhesive (Zhongshan) Co. Ltd.
- Zhejiang Yonghe Adhesive Products Co. Ltd.
To define the market circumstances in the next 3-4 years, Technavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
https://www.technavio.com/%3Cp%3EIf%20you%20are%20interested%20in%20more%…
