The Global Packaging Adhesives Market is expected to reach USD 11.1 billion by 2025, growing at a CAGR of 5.1% during the forecast period of 2019 to 2025.
Packaging adhesives are produced with the help of several technologies such as solvent-based, water-based, and others. They are used in applications such as flexible packaging, specialty packaging, and others. The increased awareness about the packaging adhesives among the consumers and the eco-friendly nature of the adhesives has increased the demand for the packaging adhesives on a global level. The major sectors where packaging adhesives are used include food and beverages and healthcare.
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Some of the major players operating in packaging adhesives market are –
Jowat AG, Wacker HB Fuller, Bostik, 3M, SIKA, Paramelt B.V, Chemie AG, Avery Dennison, Ashland, Dymax , Robatech, Jowat Canada Inc. , Henkel AG & Co, Sapson Packaging, Hindustan Adhesives limited, Jonson Tapes, Sun pack, and Balaji Packaging.
Major Market Drivers and Restraints:
Demand for hygienic food & clean water
New experiments and safety
Folding carton packaging have an maximum demand for the food and beverage industry
Increasing number of middle class world wide
Increasing regulatory interventions from environmental bodies
Table of Contents: Global Packaging Adhesives Market
Scope/opportunities of the Report
Porter’s Five Forces Analysis
Business Decision Framework
Drivers And Challenges
Market Key Trends
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Market Segmentation: Global Packaging Adhesives Market
The global packaging adhesives market is segmented based on type, formulating technology, application, end user, and geographical segments.
Based on type, the global packaging adhesives market is segmented into polyvinyl pyrrolidone, cellulose, polyurethane, polychloroprene, polyvinyl alcohol& polyvinyl acetate, and others.
On the basis of formulating technology, the global packaging adhesives market is segmented into hot melt, water based, solvent based, reactive, and other.
On the basis of application, the global packaging adhesives market is classified into labeling; folding carton corrugated converting, flexible packaging, envelopes, bags, and others.
On the basis of end user, the global packaging adhesives market is segmented into retailers, manufacturing of consumer goods, packagers, and others
Based on geography, the global packaging adhesives market report covers data points for 28 countries across multiple geographies such as North America, South America, Europe, Asia-Pacific and Middle East & Africa. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, and Brazil among others.
Competitive Landscape: Global Packaging Adhesives Market
The global packaging adhesives market is consolidated due to the presence of limited number of players concentrated in few countries. These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
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