Additive manufacturing/3D printing has grown into a $14 billion industry since its inception, according to McKinsey, and the market’s annual growth rate is 22%. Many can agree on the potential 3D printing has when it comes to innovation and being able to create prototypes and items with minimal material use, but its value is extending beyond that original purpose.
BASF recently announced a successful pilot proof-of-concept blockchain platform as a response to one of the most complex supply chains—sustainable palm kernel oil.
The U.S. Department of Energy (DOE) recently announced $3.1 billion in funding from President Biden’s Bipartisan Infrastructure Law to make more batteries and components in America, bolster domestic supply chains, create good-paying jobs, and help lower costs for families.
Arkema’s corporate headquarters in Colombes, France, and its Marseille and Serquigny plants in France are now SuCCESS™ (Sustainable Castor Caring for Environmental and Social Standards) certified by independent certification bodies empaneled by the Sustainable Castor Association.
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.