Indonesia Dextrin Vegetable Adhesives Market (2024-2030) Outlook | Companies, Size, Analysis, Trends, Revenue, Forecast, Value, Industry, Growth & Share

Indonesia Dextrin Vegetable Adhesives Market Synopsis

Dextrin vegetable adhesives are a type of bio-based adhesive made from starches or sugars derived from plant sources. It is widely used in the formulation of woodworking, paper and packaging applications. Due to its superior bonding capabilities it is also used as an ingredient for nonwovens, textiles and carpets. The dextrin vegetable adhesives market in Indonesia is expected to experience significant growth during the forecast period due to increasing demand for sustainability solutions with reduced environmental impact from end user industries such as furniture production, automotive components manufacturing and packaging industry.

Market Trends

The rising trend of using eco-friendly materials has been driving the need for biodegradable products which have led to increased demand for dextrin vegetable adhesives in Indonesia. Additionally, easy availability of raw materials at competitive prices further supports their use in various end user industries leading to higher penetration rate among consumers in Indonesia. Furthermore, technological developments such as high performance water based adhesives which provide improved bond strength are expected to propel the market growth over the next few years.

Market Drivers

Increasing demand from industries such as food & beverage industry coupled with growing awareness about health & environment benefits offered by these products are some key factors driving the dextrin adhesive market growth in Indonesia. Other factors contributing towards their adoption include better price competitiveness compared to synthetic alternatives along with enhanced characteristics including heat resistance, low odor emission and recyclability making them ideal choice among users across different industrial segments like printing & lamination application areas where they offer safe product handling options without any hazardous environmental effects on humans or other living organisms around them. Moreover , government policies encouraging use of green technology propelled by initiatives like Go Green campaign promote sustainable practices that support usage of natural ingredients based products such as Dextrin Vegetable Adhesive supporting market development.

COVID-19 Impact on the Market

The COVID-19 pandemic has significantly impacted the Indonesia dextrin vegetable adhesives market, leading to a slowdown in demand and production. The lockdown measures imposed by the government have resulted in widespread disruption of supply chains and closure of manufacturing facilities across Indonesia. This has caused a significant drop in sales as manufacturers are unable to meet customer demands due to lack of resources or orders. Moreover, restrictions on travel have led to reduced customer visits, resulting in lower sales opportunities for suppliers and retailers of dextrin vegetable adhesives.

Challenges of the Market

The biggest challenge faced by the Indonesia dextrin vegetable adhesives market is the lack of availability of raw materials due to disruptions in the supply chain caused by lockdowns imposed during the pandemic. Additionally, customers are also being more cautious when purchasing products due to economic uncertainty stemming from job losses and salary cuts associated with COVID-19 which has further decreased overall spending on commodities such as dextrin vegetable adhesives. Furthermore, social distancing protocols put a strain on businesses that rely heavily on direct contact with customers like wholesalers and retailers who often need it for marketing activities or making demonstrations which limits their profitability potential. Lastly, many companies are facing cash flow issues because they were not able to collect payments from their debtors since April 2020 leading them into financial difficulty unless they receive assistance from central banks or governments around the world which may not be possible for some time yet given current conditions globally.

Industry Key Players

Some key players operating within the Indonesia Dextrin Vegetable Adhesive Market include Henkel AG & Co KGaA (Germany), 3M Company (U.S.), Arkema S A (France), Ashland Global Holdings Inc.

Key Highlights of the Report:

• Indonesia Dextrin Vegetable Adhesives Market Outlook
• Market Size of Indonesia Dextrin Vegetable Adhesives Market, 2020
• Forecast of Indonesia Dextrin Vegetable Adhesives Market, 2027
• Historical Data and Forecast of Indonesia Dextrin Vegetable Adhesives Revenues & Volume for the Period 2023 - 2027
• Indonesia Dextrin Vegetable Adhesives Market Trend Evolution
• Indonesia Dextrin Vegetable Adhesives Market Drivers and Challenges
• Indonesia Dextrin Vegetable Adhesives Price Trends
• Indonesia Dextrin Vegetable Adhesives Porter's Five Forces
• Indonesia Dextrin Vegetable Adhesives Industry Life Cycle
• Historical Data and Forecast of Indonesia Dextrin Vegetable Adhesives Market Revenues & Volume By Product Types for the Period 2023 - 2027
• Historical Data and Forecast of Indonesia Dextrin Vegetable Adhesives Market Revenues & Volume By White Dextrin for the Period 2023 - 2027
• Historical Data and Forecast of Indonesia Dextrin Vegetable Adhesives Market Revenues & Volume By Yellow Dextrin for the Period 2023 - 2027
• Historical Data and Forecast of Indonesia Dextrin Vegetable Adhesives Market Revenues & Volume By Application for the Period 2023 - 2027
• Historical Data and Forecast of Indonesia Dextrin Vegetable Adhesives Market Revenues & Volume By Label for the Period 2023 - 2027
• Historical Data and Forecast of Indonesia Dextrin Vegetable Adhesives Market Revenues & Volume By Envelope for the Period 2023 - 2027
• Historical Data and Forecast of Indonesia Dextrin Vegetable Adhesives Market Revenues & Volume By Others for the Period 2023 - 2027
• Indonesia Dextrin Vegetable Adhesives Import Export Trade Statistics
• Market Opportunity Assessment By Product Types
• Market Opportunity Assessment By Application
• Indonesia Dextrin Vegetable Adhesives Top Companies Market Share
• Indonesia Dextrin Vegetable Adhesives Competitive Benchmarking By Technical and Operational Parameters
• Indonesia Dextrin Vegetable Adhesives Company Profiles
• Indonesia Dextrin Vegetable Adhesives Key Strategic Recommendations