Global Packaging Adhesives Industry : Insights, Development, Research and Forecast 2017-2023

Albany, NY, 13th November : Recent research and the current scenario as well as future market potential of "Packaging Adhesives Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 - 2023" globally.

Adhesives are materials used for binding together two or more surfaces. Raw materials for adhesives are primarily polymeric materials, both naturally occurring and synthetic (such as polychloroprene, polyurethane, polyvinyl acetate, cellulose, polyvinyl alcohol, and polyvinyl pyrrolidone). Adhesives can be either water based, solvent based, or hot-melt based, among others.

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Polychloroprene and polyurethanes are solvent based while polyvinyl acetate, cellulose, polyvinyl alcohol and polyvinyl pyrrolidone are solvent-based adhesives. Hot melt adhesives are thermoplastic-based adhesives, which turn into liquid on heating. Adhesives are very critical for packaging applications. Out of the total adhesives used globally, above 70% are used in the packaging industry. These kinds of adhesives are used in various packaging applications, such as case & carton closures, flexible packaging, folding cartons envelopes, and for corrugated converting. Furthermore, the challenges related to innovative packaging are surfacing largely due to the increasing trend to use packaging as a branding of the product and use of adhesives become observable among packers. Adhesive and Sealant Council, Inc., a North American trade association dedicated towards representing the adhesive and sealant industry, has estimated the global adhesive market to expand at a moderate single digit CAGR, wherein the packaging adhesives segment is expected to account for the highest share of the market.

As a result of the rise in consumer focus on convenience and sustainability, the packaging adhesives market has been the fastest growing market in the last ten years, and it is expected to continue to grow over the forecast period as well. The packaging adhesive market is projected to grow at a parallel rate to the growth of the overall packaging industry. The packaging adhesives market in North America is rapidly entering into a maturity stage; however, the market in Asia is growing at a faster rate, which in turn is expected to drive growth of the overall packaging adhesives market in the coming years. Apart from this, population growth, increasing middle class world-wide, demand for safe food & clean water, and innovation and safety are the major growth drivers for the global packaging adhesives market. Increasing regulatory interventions from environmental bodies is a major restraint factor for the growth of the packaging adhesives market.

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Packaging adhesive market is segmented based on formulations, by type and by application. Based on formulations, the packaging adhesives market is segmented into water based, solvent based, and hot melt based. Based on type, the market is segmented into polychloroprene, polyurethane, polyvinyl acetate, cellulose, polyvinyl alcohol, and polyvinyl pyrrolidone. By application, the packaging adhesives market is segmented into case & carton closure, flexible packaging, folding carton, envelopes, and corrugated converting.

By geography, the packaging adhesives market is segmented into North America, Europe, Asia Pacific (APAC), the Middle East and Africa (MEA), and Latin America. Of these, the North America market is expected to expand at a lower growth rate, while the packaging adhesive market in Europe is expected to expand at a moderate rate in the coming years. Meanwhile, the market in emerging countries in Asia and Africa is exhibiting a robust growth rate currently. Of these, the growth of the market in Asia is driven by the high demand for packaging adhesive products in China.

Some of the key players in the global packaging adhesives market are Henkel AG & Co., HB Fuller, Bostik, Paramelt, Jowat Corp., Sika, Wacker Chemie, Avery Dennison, Ashland Inc., and Dymax.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

Market segments and sub-segments
Market trends and dynamics
Supply and demand
Market size
Current trends/opportunities/challenges
Competitive landscape
Technological breakthroughs
Value chain and stakeholder analysis

The regional analysis covers:

North America (U.S. and Canada)
Latin America (Mexico, Brazil, Peru, Chile, and others)
Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, Luxembourg)
Eastern Europe (Poland, Russia)
Asia Pacific (China, India, Japan, ASEAN, Australia and New Zealand)
Middle East and Africa (GCC, Southern Africa, North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

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Highlights of the report:

A complete backdrop analysis, which includes an assessment of the parent market
Important changes in market dynamics
Market segmentation up to the second or third level
Historical, current, and projected size of the market from the standpoint of both value and volume
Reporting and evaluation of recent industry developments
Market shares and strategies of key players
Emerging niche segments and regional markets
An objective assessment of the trajectory of the market
Recommendations to companies for strengthening their foothold in the market

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