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Packaging Adhesives Market Analysis On The Basis Of Product, Application, Region And Forecast From 2019 To 2025: Grand View Research Inc.

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Packaging Adhesives Market Analysis On The Basis Of Product, Application, Region And Forecast From 2019 To 2025: Grand View Research Inc.

November 03
02:07 2019
Packaging Adhesives Market Analysis On The Basis Of Product, Application, Region And Forecast From 2019 To 2025: Grand View Research Inc.

Grand View Research, Inc. – Market Research And Consulting.
According to report published by Grand View Research, The global packaging adhesives market size was valued at USD 10.69 billion in 2018 and is expected to grow at a CAGR of 5.8% from 2019 to 2025.

The global packaging adhesives market size is anticipated to reach USD 15.82 billion by 2025, according to a new report by Grand View Research, Inc. expanding at a CAGR of 5.8% over the forecast period. The market is majorly driven by the growing demand from packaged food & beverages industry.

The increasing consumer demand for packaged food products is expected to fuel the market growth. The packaged food offers extended shelf life at ambient temperatures which makes easy and convenient consumption. Flexible packaging is gaining popularity in packaged food industry and increasing use of adhesives in its manufacturing is predicted to propel the market over the forecast period.

Flexible packaging is manufactured by combining multiple polymer layers to provide mechanical strength and printability to the end-product. The multiple polymer layers are extruded into a multilayer film in a single operation, thus reducing the production time and manufacturing cost. The aforementioned benefits are likely to propel the demand for flexible packaging over the coming years, which is anticipated to have positive influence on packaging adhesives consumption.

The market in Asia Pacific is highly competitive in nature. In order to reduce manufacturing costs and to look for new design and assembly solutions, manufacturers across this region produce adhesive products with superior properties such as high tensile, high temperature resistance, and high strength bonding on a variety of substrates. Technological advancements and unique packaging designs are the key prominent factors to promote the product usage in the region.

The key players of the packaging adhesives market such as Henkel AG & Co., Hitachi Chemical Company Ltd, 3M, and Bostik, are engaged in capacity expansion and mergers & acquisitions. For instance, in July 2017, Henkel AG & Co acquired Darex Packaging Technologies from GCP Applied Technologies. The move was aimed at strengthening the former’s adhesive technologies business and the portfolio.

China packaging adhesives market size, by technology, 2014 - 2025 (USD Billion)

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Key Takeways Of The Report :

  • Water-based technology segment is projected to register a CAGR of 5.6%, in terms of volume, over the forecast period. The growth rate is attributable to increasing use of water-based products such as gluten, PVA, and starch in flexible packaging.
  • Hot melt segment is anticipated to grow at a CAGR of 5.8%, in terms of volume, during the forecast period. Its high growth is due to its superior properties such as thermal stability and fast curing over water-based and solvent-based products.
  • Boxes & cases segment held the largest revenue share, accounting for 36.0% in 2018, owing to increasing demand for corrugated boxes in transportation.
  • Asia Pacific was the largest regional segment in 2018, accounting for a revenue share of 39.3% of the market. The large share is owing to the rising disposable income and changing lifestyle of the consumers, which is propelling the demand for packaged food and beverages in the region.
  • In August 2018, Bostik acquired a business segment of Nitta Gelatin, Inc., and formed joint venture named Bostik-Nitta. Complementing this acquisition, a new adhesives plant will be constructed in Japan, which will focus on non-woven markets.

Global packaging adhesives market, by application, 2018 (%)

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Grand View Research has segmented the global packaging adhesives market report on the basis of product, application, and region:

Technology Outlook (Revenue, USD Million; Volume, Kilotons; 2014 – 2025)

  • Water-based
  • Solvent-based
  • Hot melt
  • Others

Application Outlook (Revenue, USD Million; Volume, Kilotons; 2014 – 2025)

  • Flexible packaging
  • Folding cartons
  • Boxes & cases
  • Labeling
  • Others

Regional Outlook (Revenue, USD Million; Volume, Kilotons; 2014 – 2025)

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • UK
    • France
  • Asia Pacific
    • China
    • India
    • Japan
  • Central & South America
    • Brazil
  • Middle East & Africa

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About Grand View Research

Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S.-based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.

Media Contact
Company Name: Grand View Research, Inc.
Contact Person: Sherry James, Corporate Sales Specialist – U.S.A.
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Country: United States