San Francisco, 26
September 2018: The 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.
Access Research Report
of Packaging Adhesives
Market @ www.grandviewresearch.com/industry-analysis/packaging-adhesives-market
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.
Browse more reports of this category by Grand View
Research at: 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
o
U.S.
o
Canada
o
Mexico
·
Europe
o
Germany
o
UK
o
France
·
Asia Pacific
o
China
o
Japan
o
India
·
Middle East & Africa
·
Central & South America
Access Press Release of
Packaging Adhesives Market@ www.grandviewresearch.com/press-release/global-packaging-adhesives-market
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.
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