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.
The Eastern and Central European nations, emerging South-East Asian, and Latin American nations that will host the future global events would drive the growth of packaging which will indirectly boost the demand for the packaging adhesives.
The global packaging adhesives demand, in terms of value and volume, depicts the current and future projections according to the parallel economic and industrial outlook. This analysis covers important developments, investments & expansions, partnerships & agreements, and mergers & acquisitions of the leading global companies.
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. The high demand for the packaging adhesives across the end user industry will increase the overall packaging adhesives consumption.