Global Packaging Adhesives
Market is expected to reach
USD 10.11 billion by 2025, according to a new report by Grand View
Research, Inc. The growing usage of packaging adhesives in flexible packaging,
paper & board packaging, and rigid packaging is anticipated to strengthen
the market growth.
Increasing
demand for packaged food products and organized retailing has resulted in
heightened demand for folding cartons. In an attempt to lure more consumers,
food vendors are offering products with longer shelf life, which come in an
attractive packaging. Folding carton packaging is witnessing maximum demand
from the food and beverage industry.
The rising
demand for labeling is expected to spur the market growth of application
segment over the forecast period. Labeling adhesives application ensure
reliable bonding properties on various surfaces for different machines. This is
expected to boost the market growth over the forecast period.
Asia Pacific is
anticipated to be a key consumer of packaging adhesives over the forecast
period owing to numerous technological innovations such as the hot-melt
technology, which is designed to enhance the productivity of packaging
adhesives. The key industry participants are also involved in the development
of innovative adhesive products through R&D and technical expertise, which
in turn is expected to drive the industrial adhesive solutions.
Full
Research Report on Global Packaging Adhesives Market Analysis:
Further
key findings from the report suggest:
- The global packaging adhesives
market was valued at USD 6.28 billion in 2016 and expected to progress at
a CAGR of 4.5% from 2017 to 2025
- Water-based technology dominated
the market in 2016 followed by solvent-based
- Flexible packaging was the largest
application segment in 2016 and the trend is expected to continue over the
forecast period. The segment is expected to register 5.0% CAGR over the
coming years.
- Asia Pacific is anticipated to be
the fastest-growing segment at a predicted CAGR of 6.0% from 2017 to 2025
- Increasing demand from the food and
beverages industries is projected to drive the Asia Pacific regional
market
- In February 2017, DAP introduced a
new innovative line of packaging adhesives products. This new product line
includes solvent, high-performance latex, and new cutting-edge hybrid
systems
- Some of the major players in the
industry include H.B. Fuller, 3M Company, Sika AG, The DOW Chemical
Company, Bostik SA (An Arkema Company), Henkel AG & Co. KGaA, Royal
Adhesives & Sealants, Jowat SE, Dymax Corporation, and Avery Dennison
Corporation.
View more reports of this category by
Grand View Research at: http://www.grandviewresearch.com/industry/plastics-polymers-and-resins
Grand View Research has segmented the
Global Packaging Adhesive Market on the basis of technology, application, and
region:
Technology
Outlook (Volume, Kilotons; Revenue, USD Million; 2014 - 2025)
- Water-based
- Solvent-based
- Hot Melt
- Others
Application
Outlook (Volume, Kilotons; Revenue, USD Million; 2014 - 2025)
- Flexible Packaging
- Folding Carton
- Case & Carton
- Labeling
- Others
Regional
Outlook (Volume, Kilotons; Revenue, USD Million; 2014 - 2025)
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Asia Pacific
- China
- Japan
- India
- Middle East & Africa
- Central & South America
View press
release of this research report by Grand View Research:
About Grand
View Research
Grand View Research, Inc. is a U.S. based market research and consulting
company, registered in the State of California and headquartered in San
Francisco. The company provides syndicated research reports, customized
research reports, and consulting services. To help clients make informed
business decisions, we offer market intelligence studies ensuring relevant and
fact-based research across a range of industries, from technology to chemicals,
materials and healthcare.
For more
information: www.grandviewresearch.com
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