Press release
Packaging Adhesives market Processing Equipment market Size 2021 And Forecast To 2028 | Henkel AG & Company, KGaA, 3M Company, Paramelt B.V.
Packaging Adhesives market
Growing demand for packaging is driving growth of the global adhesives market. According to a study by Coherent Market Insights, global industrial packaging market is estimated to reach US$ 97.2 billion by 2025.
Growing e-commerce industry is propelling demand for packaging adhesives. According to the United States Census Bureau, the e-commerce sales was reported at US$ 105,096 Mn out of US$ 1,274,565 Mn of total retail sales in the second quarter of 2017. In addition to this, the e-commerce sales increased from US$ 98,292 Mn in the first quarter of 2017 to US$ 105,096 Mn in the second quarter of 2017.
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Detailed Segmentation:
Global Packaging Adhesives Market, By Technology:
Water-based
Solvent-based
Hot Melt
Others
Global Packaging Adhesives Market, By Application:
Corrugated Packaging
Labeling
Flexible Packaging
Case & Carton
Folding Cartons
Specialty Packaging
Others
Water-based adhesives segment held significant market share in the global packaging adhesives market in 2017. This is due to advantages of water-based adhesives such as low cost, energy efficient, safety, and ease of use. Water-based adhesives such as starch-based adhesives, natural rubbers, latex, and polyvinyl acetate adhesives are widely used in labels, composite cans, and form and seal cartons, among others. Water-based adhesives have low volatile organic compounds (VOCs).
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Players operating in the global packaging adhesives market are adopting various growth strategies such as product development to cater to increasing demand for packaging adhesives. For instance, in July 2018, Brilliant polymers launched solvent-free adhesives for flexible packaging. In April 2018, Uflex launched 2K PU laminating adhesive for food packaging and general applications. In September 2015, Loctite Liofol LA 2760/LA 7371 and 2760/LA 5891-21 aliphatic adhesive system was launched by Henkel.
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About Coherent Market Insights:
Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.
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