Transparency
Market Research Added A New Report "Packaging
Adhesives Market". 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. 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.
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