The materials of the adhesives are utilized for binding together two or more surfaces. The adhesives can be either water based, hot-melt based or solvent based, among others. While, the hold melt adhesives are thermoplastic-based adhesives, which turn into liquid on heating. Adhesives are very precarious for the applications of packaging. Such types of adhesives are utilized in numerous applications of the packaging which extremely involves flexible packaging, folding cartons envelops, carton closures and for the corrugated converting. Furthermore, the players of this market are doing significant developments in the technology of producing the product which benefitted for rising the focus of the consumers and increasing the demand from the various industries of packaging which further lead the market growth more significantly and dominating the highest market share across the globe during the forecasted period across the globe throughout the forecasted period.
According to the report analysis, ‘Global Packaging Adhesives Market Size Study, by Market (Hot Melt, Water-based, Solvent-Based), by Application (Case & Carton, Flexible Packaging, Labeling, Folding Cartons), and Regional Forecasts, 2017-2025 (USD Billion/Million)’ states that there are several key players which are presently functioning in this sector more actively for leading the fastest market growth and dominating the high value of market share across the globe more positively while spreading the awareness and increasing the demand more positively related to the effective applications of adhesive packaging includes 3M Company, H.B.Fuller, Sika AG, Bostik SA, Avery Dennison Corporation, Dymax Corporation, Jowat SE, Henkel AG & Co. KGaA, Royal Adhesives & Sealant and several others. Moreover, many of the players in this market are investing the high amount of money for developing the present applications and increase the demand for the convenient food packaging which further proved to be profitable for increasing the amount of revenue and profit.
The Global Packaging Adhesives Market industry worth approximately USD 6.3 billion in 2016 is predictable to increase with a healthy growth rate of more than 5.43% over the forecast period of 2017-2025. Moreover, the global market packaging adhesives is segmented into different sectors which extremely involves market, application and region. Whereas, based on the application, the market is further split into care and carton, folding cartons, flexible packaging and labeling meanwhile, basis on the market, it is divided into water-based, hold melt and solvent based. Not only has this, with the effective market segmentation the market of packaging adhesives is spread around the globe such as North America, Europe, Asia Pacific, Latin America and Rest of the World. With the significant increase in the population the demand for packages food and drink is leading in the Asia Pacific region which further lead the market growth in the Asia Pacific region more significantly. Additionally, the North America region is also contributing the effective market growth more positively with the effective increase in the urbanization and availability of different services.
Therefore, due to the increasing demand for packaged food products and rising demand for labeling, it is anticipated that in the coming years the market of packaging adhesives will increase around the globe more positively over the recent few years.
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Ankur Gupta, Head Marketing & Communications