Why Is Food and Beverage Packaging Sector Creating High Demand for Acrylic Adhesives?

The surging use of low-tack adhesives (LTAs) in reclosable packaging solutions, due to their high-adhesion property, is fueling the production of packaging adhesives across the world. Moreover, the cost-effectiveness and better usability of LTAs are also fueling their adoption by packaging product manufacturers. Unlike zipper sales, LTAs are not required to be precisely aligned to be reclosed. Furthermore, these new types of adhesives do not collect crumbs, dust, or other product pieces like traditional packaging adhesives. 

Moreover, the large-scale consumption of adhesives in the food and beverage packaging sector, primarily on account of the increasing customer awareness regarding health, will also fuel the packaging adhesives market at a CAGR of 4.6% during 2020–2030. According to P&S Intelligence, the market was valued at $10,426.9 million in 2019 and it is projected to reach a revenue of $17,137.4 million by 2030. The usage of packaging adhesives in the food and beverage sector helps in maintaining the freshness and increasing the shelf-life of the products.

Geographically, Far East dominated the packaging adhesives market in the past and it is expected to maintain its dominance in the coming years as well. This can be attributed to the large-scale usage of packaging adhesives in the e-commerce, personal care, consumer good, and food and beverage industries of China. In addition, the flourishing e-commerce sector in China and Japan, on account of the convenience of direct product delivery at home, is propelling the demand for such materials in the region.

Thus, the rising shift toward LTAs and soaring concerns regarding health will amplify the usage of adhesives in packaging applications.

Comments

Post a Comment

Popular posts from this blog

Why Oxygen-Free Copper Market Opportunities Galore in APAC?

Image
 The major factors in the global oxygen-free copper market are skyrocketing demand for oxygen-free copper wires in the electronics & electrical industry and electric vehicles (EVs). This surging demand is owing to their ease of welding, renowned creep resistance, high impact strength, high thermal and electrical conductivity, and high ductility. The market is predicted to grow significantly in the coming years. The outbreak of COVID-19 had disrupted the entire circular economy, significantly reducing this market’s sales because of the ruptured logistical network, shutdown of electronic & electrical product factories, and reduced EV production. Within the grade system, the oxygen-free copper market can be bifurcated into oxygen-free electronic and oxygen-free categories. The latter bifurcation generated higher revenue in the market in the past, not only in terms of value but also in terms of volume. The category will continue to exhibit this trend in the coming years as well. T
Read more

How Will Rapid Industrialization Drive Hydraulic Equipment Demand?

Image
The Government of India completed the construction of 2,734 projects under the Smart City Mission till 2021. The government is currently working on the construction of 100 smart cities, 6 new ports and 14 coastal economic zones (CEZs). Likewise, Infrastructure Australia (IA) approved the construction of 44 new infrastructure projects in February 2021. The rising construction activities, on account of the booming population and mounting investments being made in the construction sector, will propel the need for hydraulic equipment in the coming years. Additionally, the rapid industrialization in developing countries will drive the hydraulic equipment market growth during 2021–2030. According to P&S Intelligence, the market generated a revenue of $37 billion in 2020. For instance, the United Nations Industrial Development Organization (UNIDO) aims to offer institutional support to special economic zones (SEZs) and industrial and technology parks in Brazil. The UNIDO will help Brazil
Read more

Sales of Hexamine Set to Shoot Up in Coming Years

Image
The mushrooming usage of hexamine in several industries such as rubber, pharmaceutical, explosives, and fuels is a major factor responsible for its soaring sales across the world. Moreover, the booming population in several countries is pushing up the demand for medical and pharmaceutical products. This is due to the fact that the surging population is causing poverty, which is, in turn, propelling the incidence of various diseases such as neurological disorders and urinary tract infections. Apart from the aforementioned factors, the rising requirement for hexamine in the plastic industry is also contributing toward the surging sales of the material throughout the world. It is used in plastic synthesis and heavily required in the packaging and construction industries, on account of these industries being prominent end users of plastics. With the surging population level, the number of construction and infrastructural development projects is increasing rapidly in many countries around t
Read more