Packaging adhesives market worth $6,772.57 million by 2019
The global Packaging Adhesives Market is significantly showing reasonable growth in end use applications
The report "Packaging Adhesives Market by Technology (Water Based, Solvent Based, Hot-Melt Based, & Others), by Application (Case & Carton, Corrugated Packaging, Labeling, Bags, Folding Cartons, Specialty Packaging, and Others) - Global Forecasts to 2019", shows the global market value of the Packaging Adhesives was estimated to be about $4,618.46 Million in 2013 and is projected to reach $6,772.57 Million by 2019, growing at a CAGR of 6.68% between 2014 and 2019.
According to the report from MarketsandMarkets (marketsandmarkets.com), the global Packaging Adhesives Market is significantly showing reasonable growth in end use applications. The Asia-Pacific region is attributed to high economic growth rate followed by growing demand for packet food & beverages industry and infrastructural growth in the region, which is eventually driving the packaging adhesives industry. The Asia-Pacific and RoW markets are estimated to show a high growth in the next five years with the allied industries expected to stabilize the overall business need in the respective regions.