Global Packaging Adhesives Market was valued at USD 11.68 billion in 2018 which is expected to reach USD 148 billion by 2027 at a CAGR 5.6%.
Packaging adhesives are manufactured with the help of various technologies such as solvent-based, water-based, hot melt, and others. They are widely used in various applications like Folding Cartons, Labeling, Boxes & Cases, Flexible Packaging, and Others. Rise in awareness regarding among the people and eco-friendly nature of packaging adhesives will increase the demand for packaging adhesives across the globe.
Request Sample Copy of this Report @ https://qualiketresearch.com/request-sample/Global-Packaging-Adhesives-Market/request-sample
Increase in awareness regarding food safety among the consumer is the key driving factor which is expected to propel the global packaging adhesives market growth. Furthermore, increase in demand from food & beverages industry due to growing population, rise in disposable income, and changing dietary requirements will have the positive impact on global packaging adhesives market growth. Moreover, increase in demand for flexible packaging in food and beverage industry is expected to drive the global packaging adhesives market growth during this forecast period. In addition to that, innovative and advanced processing methods developed for increase in shelf life of food product is boosting the packaged food industry growth, which is expected to increase the demand for packaging adhesives in the market.
However, Government rules and regulations and restriction on use of some raw materials are the challenging factors for growth of market which are expected to hamper the global packaging adhesives market.
Global Packaging Adhesives Market is segmented into technology such as Solvent-Based, Water-Based, Hot Melt, and Others. Further, Global Packaging Adhesives Market is segmented into application such as Folding Cartons, Labeling, Boxes & Cases, Flexible Packaging, and Others.
Also, Global Packaging Adhesives Market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.
Browse Full Research Report @ https://qualiketresearch.com/reports-details/Global-Packaging-Adhesives-Market
- Solvent- Based
- Hot Melt
- Folding Cartons
- Boxes & Cases
- Flexible Packaging
- North America
- Latin America
- Asia Pacific
- Middle East & Africa
QualiKet Research is a leading Market Research and Competitive Intelligence partner helping leaders across the world to develop robust strategy and stay ahead for evolution by providing actionable insights about ever changing market scenario, competition and customers. QualiKet Research is dedicated to enhancing the ability of faster decision making by providing timely and scalable intelligence. We use different intelligence tools to come up with evidence that showcases the threats and opportunities which helps our clients outperform their competition.
Research Support Specialist
6060 N Central Expy #500, TX 75204, U.S.A