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The global market for consumer flexible packaging is estimated to be worth $91.7 billion in 2015.
December 10, 2015
By: DAVID SAVASTANO
Contributing Editor, Coatings World and Ink World
Henkel Adhesive Technologies sees great opportunities in Asia-Pacific’s packaging market. With a spotlight on food safety, the global flexible packaging market is expected to significantly grow, fueled especially by soaring demand in the region. Echoing this development, Henkel is taking a series of initiatives, including recently held Innovation and Food Safety in flexible packaging seminar in Thailand, and flexible laminates technical forum in Indonesia, to present its technological advancements that will support local industry. The global market for consumer flexible packaging is estimated to be worth $91.7 billion in 2015, and is forecast to grow at an annual average rate of 4.4% during 2015–2020, reaching $114 billion by 2020. Asia Pacific accounts for the highest demand, supported by the development of various industries, such as food & beverages, personal care and pharmaceuticals, and increasing acceptance of “supermarket culture.” The rise of a middle class that possess a stronger desire for safe food containers, quality products with growing focus on convenience and sustainability, also has a positive impact on the development. Among all these industries and growing needs, food is projected to account for almost three-quarters of global consumer flexible packaging consumption in 2015. Henkel Adhesive Technologies offers high-performance adhesive solutions for food packaging to help improve food safety and quality. Henkel’s adhesives used in food packaging have no adverse effect on the contents. The resulting composite produces the necessary barrier effect to prevent migration of substances from both the outside to the inside, and from the inside to the outside. The specific properties of Henkel adhesives are capable of dealing with mechanical stress along the logistics chain, environmental factors such as light, heat and cold, and whether the package is cooked in microwave ovens or placed in freezer storage. Henkel currently supplies 130,000 customers worldwide with several thousands of products, tailored over 40 technologies to accurately help food producers comply with a large number of national and international regulations. Partnering with these customers, Henkel also reaches for higher standards of future needs by continuingly expanding our capability in next-generation technologies such as nano barrier coating.
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