The latest market report published by Credence Research, Inc. is “Global Packaging Adhesives Market: Growth, Future Prospects, and Competitive Analysis, 2016 – 2028”. The Global Packaging Adhesives market generated revenue of around USD 16283.4 Million in 2021 and is anticipated to grow a CAGR of over 5.40% during the forecast period from 2022 to 2028 to reach around USD 22324.86 Million in 2028.
Adoption in the Food & Beverage industry production is a major element in the growth of the Packaging Adhesives market. Growing industrial growth and fast globalization are driving up market demand. The rising need for flexible packaging, labeling, folding cartons, and other applications is driving market expansion. Furthermore, the growing demand for online shopping in emerging markets, as well as labels and plastic bags used in packaging, are driving the expansion of this industry. Furthermore, government initiatives and numerous packaging developments are projected to drive growth in the packaging adhesives market. The worldwide Packaging Adhesives market is being driven by rising packaging demand. These reasons are projected to propel the Global Packaging Adhesives market forward.
The Global Packaging Adhesives market is bifurcated into Type, Substrate Material Type, Packaging Type, End-use Industry and Geography. Based on Type, the market is categorized into Water-based Adhesives, Solvent-based Adhesives, Hot-melt Adhesives and Others. Based on Substrate Material Type, the global Packaging Adhesives market is segmented into Acrylics, Polyurethane, Polyvinyl Chloride, Polypropylene and Others. Based on the Packaging Type, the market is classified into Flexible Packaging, Folding Cartons, Boxes & Cases, Labelling and Others. Based on End-use Industry, the market is categorized into Food & Beverages, Cosmetics, Healthcare and Others. Based on geography, the market is segmented as North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
Browse Global Packaging Adhesives Market report-https://www.credenceresearch.com/report/packaging-adhesives-market
The Asia Pacific will dominate the worldwide Packaging Adhesives market in 2021. The rising population contributes to increased power generation, particularly in India, China, and Japan. Rapid industrial development and increasing food and beverage goods are predicted to drive demand in the Asia Pacific emerging economies. This region has become a global hub for many manufacturing and processing businesses. The Asia Pacific has grown and is likely to give providers and opportunities to the Global Packaging Adhesives market. Growing disposable income and lifestyle changes will likely drive growth in the Asia Pacific Global Packaging Adhesives market.
Why to Buy This Report-
- The report provides a qualitative and quantitative analysis of the Global Packaging Adhesives market by segments, current trends, drivers, restraints, opportunities, challenges, and market dynamics with the historical period from 2016-2020, base year- 2021, and forecast period 2022-2028.
- The report contains information related to the competitive landscape, like how the key players in the market are operating at a global, regional, and country level
- In-depth analysis of the global Packaging Adhesives market segmentation based on Type, Substrate Material Type, Packaging Type and End-use Industry.
- Major countries in each Region with their import/export statistics
- The Global Packaging Adhesives market report also includes analyzing the global, regional, and country levels, along with key market trends, significant players analysis, market growth strategies, and key application areas.
The Global Packaging Adhesives Market is Segmented into:
| ATTRIBUTE | DETAILS |
|---|---|
| Research Period | 2016-2028 |
| Base Year | 2021 |
| Forecast Period | 2022 – 2028 |
| Historical Year | 2016 – 2021 |
| Unit | USD Million |
| Segmentation | By type (2016–2028; US$ Mn) By Substrate Material type (2016–2028; US$ Mn) By Packaging Type (2016–2028; US$ Mn) By End-use Industry (2016–2028; US$ Mn) By Geography Segment (2016–2028; US$Mn) |
