Grand View Research, Inc. - Market Research And Consulting.According to report published by Grand View Research, The global packaging adhesives market is expected to reach USD 10.11 billion by 2025.Increasing consumer awareness regarding the use of eco-friendly packaging products is anticipated to drive the demand for packaging adhesives.
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 Full research report on Packaging adhesives Market analysis:
http://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.
View more reports of this category by Grand View Research at:
https://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
Access Full Press Of This Report By Grand View Research: https://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.
For more information: www.grandviewresearch.com
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