Packaging Adhesives Market
The global packaging adhesives market was valued at US$ 6.1 billion in 2017 and is anticipated to register a CAGR of 5.7% in terms of revenue, over the forecast period (2018 – 2026), to reach US$ 9.2 billion by 2026.
The global packaging adhesives market was valued at US$ 6.1 billion in 2017 and is anticipated to register a CAGR of 5.7% in terms of revenue, over the forecast period (2018 – 2026), to reach US$ 9.2 billion by 2026.
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<strong>Packaging</strong> <strong>Adhesives</strong> <strong>Market</strong> - Size, Share, Trends,<br />
and Forecast to 2026<br />
<strong>Adhesives</strong> are used in packaging applications such as corrugated box construction,<br />
lamination of printed sheets, and production of industrial tubes, among<br />
others.Growing demand for packaging is driving growth of the global adhesives<br />
market. According to a study by Coherent <strong>Market</strong> Insights, global industrial<br />
packaging market is estimated to reach US$ 97.2 billion by 2025.<br />
Growing e-commerce industry is propelling demand for packaging adhesives.<br />
According to the United States Census Bureau, the e-commerce sales was reported<br />
at US$ 105,096 Mn out of US$ 1,274,565 Mn of total retail sales in the second<br />
quarter of 2017. In addition to this, the e-commerce sales increased from US$<br />
98,292 Mn in the first quarter of 2017 to US$ 105,096 Mn in the second quarter of<br />
2017.<br />
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Demand for safe and regulatory compliant adhesives that do not affect food, make<br />
the food harmful or change nature, substance or quality of the food is growing<br />
rapidly. Increasing consumption of packaged and processed food is fuelling growth<br />
of the global packaging adhesives market. According to Coherent <strong>Market</strong> Insights’<br />
study, the global frozen processed food market was valued at US$ 60.12 billion in<br />
2016 and is anticipated to reach US$ 85.49 billion by 2025. However, adhesives<br />
used in food packaging are regulated by authorities such as EU and the U.S. Food<br />
and Drug Administration. For instance, Regulation (EC) No 1935/2004 regulates<br />
materials that come in contact with food.<br />
The global packaging adhesives market was valued at US$ 6.1 billion in 2017 and is<br />
anticipated to register a CAGR of 5.7% in terms of revenue, over the forecast period<br />
(2018 – 2026), to reach US$ 9.2 billion by 2026.<br />
Water-based adhesives segment held significant market share in the global<br />
packaging adhesives market in 2017. This is due to advantages of water-based<br />
adhesives such as low cost, energy efficient, safety, and ease of use. Water-based<br />
adhesives such as starch-based adhesives, natural rubbers, latex, and polyvinyl<br />
acetate adhesives are widely used in labels, composite cans, and form and seal
cartons, among others. Water-based adhesives have low volatile organic<br />
compounds (VOCs). Stringent regulations on VOC emission such as Clean Air Act<br />
Section 183e by the U.S. Environment Protection Agency, which limits usage of<br />
volatile organic compounds in products including adhesives is a major factor driving<br />
growth of the water-based packaging adhesives segment.<br />
Asia Pacific held highest market share of 46.2% in 2017, owing to growing<br />
packaging industry in China, India, and ASEAN countries. According to the Indian<br />
Institute of <strong>Packaging</strong> (IIP), packaging industry in India is estimated to reach US$ 73<br />
billion by 2020 from US$ 32 billion in 2015.<br />
Demand for packaging adhesives from industries such as food and beverages,<br />
pharmaceuticals, and consumer goods is increasing significantly. According to The<br />
U.S. Department of Agriculture, retail sales of consumer goods reached US$ 4.49<br />
trillion in 2015 in China. These factors are expected to aid in growth of the market in<br />
the region.<br />
Players operating in the global packaging adhesives market are adopting various<br />
growth strategies such as product development to cater to increasing demand for<br />
packaging adhesives. For instance, in July 2018, Brilliant polymers launched<br />
solvent-free adhesives for flexible packaging. In April 2018, Uflex launched 2K PU<br />
laminating adhesive for food packaging and general applications. In September<br />
2015, Loctite Liofol LA 2760/LA 7371 and 2760/LA 5891-21 aliphatic adhesive<br />
system was launched by Henkel.<br />
Major players operating in the global packaging adhesives market include, Henkel<br />
AG & Company, KGaA, 3M Company, Paramelt B.V., H.B. Fuller Company, Bostik<br />
SA, Avery Dennison Corporation, Sika AG, Wacker Chemie AG, Ashland Inc.,<br />
Dymax Corporation, DowDuPont Inc., and Huntsman Corporation.<br />
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action-ready syndicated research reports, custom market analysis, consulting<br />
services, and competitive analysis through various recommendations related to<br />
emerging market trends, technologies, and potential absolute dollar opportunity.
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Seattle, WA 98154<br />
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