Products
- Showa Denko Materials Co., Ltd
    - Agent of Mitsui
      - Aluminum ingot material
        Food & Packaging
        Position:    index Food & Packaging

        Business Vision

        Challenges and needs of society

        The serious global issues of population growth and climate change call for measures to stabilize agricultural production and improve crop yields as well as to reduce food loss and waste. Moreover, addressing the problem of plastic waste and other needs of reducing environmental impact is now a matter of urgency for society.

        Business vision

        By maximizing the use of information, technologies, and customer relationships that cross company and organizational boundaries, we aim to drive the sustained growth of the Mitsui Chemicals Group through customer-driven innovation, providing products and services related to agriculture, food, and packaging.

        Market analysis and strategies

        Opportunities and risks

        • Growing agrochemicals markets in Asia and South America, growth in the market for agrochemical-related products (disease prevention fields)
        • Growing Asian market and sluggish domestic market for packaging materials, growing needs to address environmental issues
        • Growth in ICT markets such as for 5G and high-performance displays
        • Uncertainty surrounding China and emerging economies

        Strengths

        • Broad product lineup
        • Proprietary R&D and production technology
        • Overseas expansion, particularly in Asia
        • Customer base built on providing a swift response

        Basic strategies

        • Strengthen our business portfolio by shifting to high value-added products
        • Expand businesses by tapping into overseas growth markets
        • Create new products and businesses and respond to environmental needs through collaboration within and outside the Group

        Specific strategies

        Agrochemicals

        • Tap growth in the Asian and South American markets
        • Strengthen agrochemical-related areas (disease prevention fields)

        Coating & engineering materials

        • Tap growth in the Asian market
        • Globally expand environmentally friendly products
        • Accelerate market penetration of high-performance products

        Performance films & sheets

        • Bolster our business platform by transforming our product portfolio
        • Maintain and expand our market share in ICT fields

        Value chain

        Value chain

        Main Products

        Coatings & Engineering Materials

        Polyurethane resins (TAKENATE™, TAKELAC™), Packaging adhesives, Polyolefin resins, Coating resins, Sealants for displays

        Performance Films & Sheets (Packaging Films)

        Biaxially oriented polypropylene films, Cast polypropylene films, Linear low-density polyethylene film (T.U.X™)

        Performance Films & Sheets (Industrial Films and Sheets)

        Semiconductor and electronic components manufacturing process films (ICROS™ TAPE), Foam sheets, Encapsulant sheets for solar cells (SOLAR ASCE™, SOLAR EVA™)

        Agrochemicals

        Insecticides, Fungicides, Herbicides, Non-crop specialty chemicals, Pet medication ingredients

        Market share and market growth rate of key products (FY2019)

        Agrochemicals
          Market share Market growth rate
        Global - 3.0%*
        Asia - 2.3%*
        Japan 10% 1.1%*

        * *FY2018–2023

        TAKELAC™ / TAKENATE™ packaging adhesives
          Market share Market growth rate
        Japan 29% (No. 2) <1%
        ASEAN 30% (No. 1) 7%
        T.U.X™ high-performance sealant film
          Market share Market growth rate*
        Japan 34% (No. 1) <1%
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