Packaging Adhesives Market SWOT analysis and Key Business Strategies, Demand & Forecast 2022 – 2028Posted by Roger on May 5th, 2023
Packaging adhesives are materials that are used to bond or stick different types of packaging materials together. These adhesives are used in a wide range of packaging applications, such as cartons, bags, labels, pouches, and flexible packaging. Packaging adhesives provide various advantages, including cost-effectiveness, durability, and environmental sustainability. Market Overview: The global packaging adhesives market size was valued at USD 6.4 billion in 2020 and is expected to grow at a compound annual growth rate (CAGR) of 5.2% from 2021 to 2028. The increasing demand for packaging materials in various end-use industries, such as food and beverage, healthcare, and personal care, is expected to drive the market's growth. Applications: Packaging adhesives are used in various packaging applications, including:
Packaging adhesives are used in a wide range of end-use industries, such as food and beverage, healthcare, personal care, and industrial. They provide various benefits, such as improving the durability and strength of packaging materials, increasing the shelf life of products, and enhancing the aesthetic appeal of packaging. Regional Analysis: The Asia Pacific region is expected to dominate the packaging adhesives market during the forecast period, owing to the increasing demand for packaging materials in various end-use industries, such as food and beverage, healthcare, and personal care. China, India, and Japan are the major contributors to the growth of the market in the Asia Pacific region. North America is another significant market for packaging adhesives, driven by the increasing demand for sustainable and eco-friendly packaging solutions. The United States is the largest consumer of packaging adhesives in the North American region. Europe is also expected to witness significant growth in the packaging adhesives market, owing to the increasing demand for packaging materials in various end-use industries, such as food and beverage, healthcare, and personal care. Key Players: Some of the major players operating in the global packaging adhesives market include H.B. Fuller Company, Henkel AG & Co. KGaA, 3M Company, Ashland Inc., Avery Dennison Corporation, Bostik SA, Dow Inc., and Sika AG. These companies are focusing on product innovation, strategic partnerships, and mergers and acquisitions to expand their presence in the market. Click Here To More Info - https://www.coherentmarketinsights.com/market-insight/packaging-adhesives-market-2194 About Coherent Market Insights Coherent Market Insights is a global market intelligence and consulting organization that provides syndicated research reports, customized research reports, and consulting services. We are known for our actionable insights and authentic reports in various domains including aerospace and defense, agriculture, food and beverages, automotive, chemicals and materials, and virtually all domains and an exhaustive list of sub-domains under the sun. We create value for clients through our highly reliable and accurate reports. We are also committed in playing a leading role in offering insights in various sectors post-COVID-19 and continue to deliver measurable, sustainable results for our clients. Contact Us Mr. Shah Like it? Share it! More by this author |
