3M has acquired the technology assets of LeanTec, a provider of digital inventory management solutions for the automotive aftermarket segment in the U.S. and Canada.
Scott Bader recently announced that it is recognizing significant opportunities available in India and is committed to bringing composite and adhesive technologies to its Indian customers for wind energy, electric vehicle battery technologies, and lightweighting in transport such as rail and infrastructure projects.
The market will continue to reward innovation in adhesives for packaging applications.
April 28, 2022
Adhesives will play a defining role in the future of packaging development, with the post-COVID marketplace providing a spur to sustainable technology. In 2021, the packaging industry is estimated to have consumed 5.40 million metric tons of adhesives. A forecast CAGR of 3.4% will push global consumption of packaging adhesives to 7.90 million metric tons in 2027.
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