Global Packaging Adhesives Market Report 2021-2026, Presenting Profiles of Key Players The 3M Company, Henkel AG & Co. KGaA, Arkema Group, Dow and Wacker Chemie AG
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DUBLIN, September 30, 2021 / PRNewswire / – The “Global Packaging Adhesives Market Outlook to 2026” report was added to ResearchAndMarkets.com offer.
The paper and packaging industry is one of the largest users of industrial adhesives. A wide range of industrial products are sold in packaging due to stability requirements for storage and transport and for aesthetic reasons.
The global packaging adhesives market is expected to witness a moderate growth rate during the forecast period. The significant growth of the packaged food and beverage industry is the main driver of the market, coupled with an increase in consumer awareness of food safety. However, strict government regulations aimed at reducing the production and consumption of volatile organic compounds (VOCs) are expected to hamper the market growth during the forecast period.
As the developing economies of the world, including China, Brazil, and India, become richer, their eating habits also change. People in these countries are turning to packaged food. In 2019, the global processed foods market size was over 3 trillion dollars, and nearly 80% of agricultural products in developed countries are processed and packaged. With demographic change, there is an increase in the population of emerging cities, as well as changes in the lifestyle and eating habits of consumers. According to World Bank data in 2019, 55.7% of the total population was urban. This has led to a shift from traditional foods to the adaptation of packaged foods. In developing countries like India, the packaged processed food industry is estimated to be around $ 11 billion by the end of 2020.
The global packaging adhesives market is segmented on the basis of technology and application. The applications segment is further segmented into corrugated packaging, cartons and boxes, labeling, flexible packaging and others. By type of technology, water-based adhesives are expected to be the largest shareholder in the market due to their environmental friendliness. VOC standards have led to the phasing out of solvent-based adhesives, thus providing a greater opportunity for water-based adhesives made of an organic binder (mainly PVAc) finely dispersed in water.
Flexible packaging is a cheaper, higher-value form of packaging that provides excellent durability and product protection. Flexible packaging is used from fast-moving consumer and sporting goods to electronics, cosmetics and medical products. It is a key material in the supply chain of many industries and products. According to the Flexible Packaging Association, in 2018 more than 80% of all brand owners used flexible packaging of some type. In addition, 26% of all brands have increased their use of flexible packaging from 2012 and 31% intend to increase their use of flexible packaging by 2023. These packaging can be adapted to the specifics of any shape and size of product. Flexible bags and pouches ensure the safe transport of goods such as free flowing bulk products and protect them from mechanical stress and moisture.
The Global Packaging Adhesives Market report provides an in-depth overview of the current and future status of the Packaging Adhesives market across various regions. Further, the study comprehensively analyzes the Packaging Adhesives market by segments on the basis of technology and by application and geography.
The report examines the market drivers and restraints, as well as the impact of Covid-19 influencing the market growth in retail. The study covers and understands emerging market trends, market developments, market opportunities, market size, market analysis, market dynamics, and industry challenges. This report also covers extensively researched sections of the competitive landscape with profiles of leading companies including their market share and plans.
Main topics covered:
1. Summary
2. Scope and methodology of the research
3. Market analysis
4. Industry analysis
5. Market segmentation and forecast
6. Regional market analysis
7. Key company profiles
7.1 The 3M Society
7.2 Henkel AG & Co. KGaA
7.3 HB Fuller Company
7.4 Arkema Group
7.5 Dow
7.6 Avery Dennison Company
7.7 Jowat SE
7.8 Wacker Chemie SA
7.9 Ashland Global Specialty Chemicals Inc.
7.10 Paramelt RMC BV
7.11 artimlt SA
7.12 Beardow Adams Ltd.
8. Competitive landscape
8.1 List of notable players in the market
8.2 million& A, JV and chords
8.3 Market share analysis
8.4 Strategies of key actors
For more information on this report, visit https://www.researchandmarkets.com/r/pb6lzq
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