6th September 2019 – Global Packaging
Adhesives Market is expected to reach USD 10.11 billion by 2025.
Packaging Adhesives (PA) are the adhesives used for binding together two or
more surfaces by limiting direct contact of packaging materials to harsh
atmosphere that pledges degradation. These adhesives are exclusively used in
industries like wood, food & beverage, automotive, and construction. The
packaging adhesives industry is estimated to grow at a significant CAGR of 4.5%
over the forecast period as the scope and its applications are rising
enormously across the globe.
Rising durability and versatility of
rigid adhesive products, presence of innovative flexible packaging adhesive
products, and can handle an exclusive range of end-use temperatures are
documented as major factors of packaging adhesives market that are estimated to
enhance the growth in the years to come. However, packaging adhesives industry
is segmented based on type, technology, application, and region.
Polyvinylidene Chloride, Acrylics,
polyurethane, and other types could be explored in packaging adhesives in the
forecast period. The enhanced technology used may include hot-melt based,
water-based, solvent-based, and others that could be explored in packaging
adhesives in the forecast period. The hot-melt based technology is exclusively
preferred and the sector accounted for substantial share of packaging adhesives
market. It is used in sealing, cartooning, and case erecting applications. Hot
melts include metallocene hot melts and EVA hot melts.
Get
a Sample Copy of This Report @ https://www.millioninsights.com/industry-reports/packaging-adhesives-market/request-sample
The market may be categorized based on
applications like specialty packaging, case & carton, folding cartons,
corrugated packaging, labeling, flexible packaging, and others that could be
explored in forecast period. The flexible application accounted for the
substantial share of packaging adhesives industry and is estimated to remain
dominant in the coming years. This may be because of several regulations by FDA
and upgradation of technologies in various sectors like research and
development and pharma industries. Moreover, high demand for packed food as
well as food & beverage are the factors ruling packaging adhesives. In
addition, corrugated packaging sector is estimated to grow at fastest pace in
coming years.
Globally, North America accounted for
the substantial share of packaging adhesives market and is estimated to lead
the overall market in the coming years. The reason behind the overall market
growth could be rising use of innovative techniques for the production of
eco-friendly adhesives and high concentration on inventions gained from
Research and Development (R&D). The United States is a major consumer of
packaging adhesives in the region. Instead, Europe and the Asia Pacific are
also estimated to have a positive influence on the future growth.
Europe is the second largest region with
significant market share. However, Asia Pacific is estimated to grow at fastest
pace with the significant CAGR in the foremost period. The aspects that may be
ascribed to the growth comprise rising number of manufacturers in the region
and growing supply chain of raw materials outside the region as well as within
the region. The developing countries like India and China are the major
consumers of packaging adhesives in the region.
The key players of packaging adhesives
industry are Dymax, Henkel, Ashland, HB Fuller, Wacker Chemie, Bostik, Sika,
Paramelt, Jowat Corp, 3M Company, and Avery Dennison. These players are
concentrating on inorganic growth to sustain themselves amongst fierce
competition. As companies all over the world have to believe that alliance with
a market would permit them proportional market existence and authority to
declare the leadership position.
For More Details, Visit @ http://www.millioninsights.com
No comments:
Post a Comment