Packaging Adhesives Revenue to Surpass US$ 26.5 Billion by 2033 at a7.5% CAGR; Cases & Cartons segment to Hold a Prominent Share
By the end of 2033, the global market for packaging adhesives is projected to grow from its present market valuation of US$ 12.8 billion to US$ 26.5 billion, at a high-value CAGR of 7.5%.
Global demand for packaging adhesives is being driven by the growing use of these materials in the food and beverage sector. Packaged food items have a longer shelf life at room temperature, which increases their popularity with people everywhere.
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Why are Packaging Adhesives in Such High Demand?
The demand for packaging adhesives is rising in the food business. The food industry uses a wide range of packaging materials, such as rigid, semi-rigid, and flexible packaging, extensively. The packaging of dairy products, prepared foods, meat, poultry, and fish, as well as frozen foods and many other goods, is also crucial.
Adhesives are used to secure the packaging and keep it closed. They also aid in preserving food’s freshness by creating a solid bond between two surfaces. As a result, it is projected that the food industry’s growing need for adhesive solutions will encourage growth opportunities in the adhesive packaging market.
Key Companies Profiled
- Wacker Chemie
- Toyochem Co., Ltd.
- Jowat Corp
- Huntsman Corporation
- Paramelt
- Hitachi Chemical Company Ltd.
- Dymax
- Avery Dennison
Who Will Remain a Prominent End User of Packaging Adhesives?
“Increasing Transportation Activities Propelling Demand for Cases & Cartons”
Depending on the application, the global market is segmented into corrugated packaging, cases & cartons, labeling, flexible packaging, folding cartons, specialty packaging, and others. A significant portion of market revenue is anticipated to go to the cases and cartons sector. Due to the expanding use of these boxes in transportation-related operations, there is a major growth in demand for packaging adhesives.
What are the key benefits of this Packaging Adhesives market research report?
- The report does a CAGR computation and covering regulatory updates, best market practices, and new trends in the market.
- The report does international Packaging Adhesives market analysis providing economic forecasts and country wise intelligence, risks forecast, and more.
- The report provides domestic as well as international planning in terms of business expansion and investments.
- The report suggests strategies to the key participants that to enable them expand in their business in existing or new international markets.
- The report is the overall outlook of the global industry economy.
- The report covers all the topics in the Packaging Adhesives market to accurately predict the changes political, economic, and business issues and trends that may drive the market in future.
All market-related issues, markets, and concepts are included in the study. In addition to discussing concerns related to the selected markets, the study also addresses the multinational businesses that have recently dominated the Packaging Adhesives industry.
The analysis comprises statistical data presented as graphs that indicate the state of the industry on both domestic and international markets. The research’s conclusions are supported by global industry experts and analysts as well as market risks and opportunities.
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The significance of Packaging Adhesives research, which use a variety of data collection techniques and seeks to understand consumer preferences, geographic markets, and segmentation that may give an advantage over other organisations, has increased in recent years. The information and data gathered throughout the research are typically extensive and complex.
However, utilising tried-and-true methodology and procedures, these complex industry insights are simplified for the market study’s target users. Businesses can choose from a variety of solutions with the aid of estimates of CAGR values, market drivers, and market constraints. After speaking with an expert, the process of creating a market report is started using a few phases or the combination of many techniques.
Packaging Adhesives Market: Segmentation
- By Technology :
- Water-based
- Solvent-based
- Hot-melt
- Others
- By Application :
- Corrugated Packaging
- Cases & Cartons
- Labeling
- Flexible Packaging
- Folding Cartons
- Specialty Packaging
- Others
- By Region :
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
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The key business strategies discussed in this market research revolve around-
- Which are the key business segments in the global industry?
- What are the important elements used to study the business intelligence of the market?
- What is the market value of the dominant firms operating in the Packaging Adhesives industry?
- What are the distribution networks, domestic & international traders, vendors, sellers of the individual segments in the industry?
- What are the entry barriers and expansion barriers globally in the business?
- What are the trends in the market, growth possibilities, investment risks in the worldwide Packaging Adhesives market?
- What are the prospect opportunities and industry investment chances in the market?
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