Lionchemtech, Eco-friendly Adhesive Materials Show High Growth..."Demand for Food Packaging in Untact Era"

[Asia Economy Reporter Hyunseok Yoo] Lionchemtech announced on the 23rd that its sales volume of eco-friendly adhesive materials in the second quarter of this year reached 641 tons, a 13.5% increase compared to the same period last year.

The eco-friendly adhesive material developed by Lionchemtech is produced by controlling the pyrolysis technology of POE (Polyolefin Elastomer) resin. It is used in hot melt adhesives (HMA). The eco-friendly adhesive is odorless and non-toxic, and is used in food and ingredient packaging as well as sanitary nonwoven fabrics.

The company produces the material by blending additives such as wax with POE raw materials supplied by SK General Chemical. The finished products are sold by SK General Chemical, with both companies cooperating in this structure. Globally, only Dow and Lionchemtech have developed and commercialized POE adhesives.

The eco-friendly adhesives are mainly sold in the European market. In Europe, where environmental regulations are strict, eco-friendly materials are prioritized even at higher prices, leading to high growth in demand for eco-friendly adhesives.

A company official stated, “With the increase in food and ingredient delivery overseas due to COVID-19, the demand for adhesives needed for packaging also seems to have increased.” He added, “In fact, the German food and ingredient delivery company HelloFresh saw its sales in the first quarter of this year increase by about 66.4% compared to the same period last year.”

This content was produced with the assistance of AI translation services.