The packaging of the adhesives market, along with its applications, has increased a lot in the last few years. This growth is estimated to increase even more in the near future. The properties such as withstanding temperature range, handling strength, and performance under a variety of conditions will be key factors influencing the worldwide packaging adhesives with a rising emphasis on its several applications.
New packaging trends like laminating adhesives for flexible packaging are the major factor that is increasing the demand for packaging adhesive supplies. Lamination adhesive is a type of glue that provides good qualities including heat and chemical resistance, optical clarity, and flame resistance. It also holds the materials together. They are easy to handle, lightweight, and provide damage resistance The various factors that have led to how the demand for adhesives have increased in the packaging industry are;
Trends and Drivers
The most prominent trend being observed in the packaging industry is the usage of sustainable adhesives. Adhesives had recycling problems in the past such as high production time. Technology innovations have led to the development of lightweight and biodegradable adhesives like water-based adhesives. Large quantities of adhesives are required in the commercial and industrial packaging sector. In turn, this has fueled the demand for products with longer shelf life.
Packaging adhesive supplies market growth potential has magnified. This is due to the easing use of low tack adhesives, owing to their high adhesion feature. Low tack adhesives offer better cost-effectiveness to packaging adhesive manufactures for packaging purposes and better usability for consumers.
Strategic Development of Packaging Adhesive Market
Several packaging adhesives manufacturers serving in the packaging industry have taken strategic measures. These measures include geographical expansions and product launches to improve their position in the market. Packaging adhesive manufactures need to focus on expanding and compete effectively in new markets by leveraging their inorganic growth capabilities.
Market Research Methodology
An important key for unrivaled market research accuracy is data driven research methodologies. Combining an eclectic mix of experience, machine learning, analytics and data science to promote methodologies that end in multi-dimensional and realistic market analysis. This has led to an increase in the packaging industry.
Market Analysis by Segmentation
Worldwide laminating of adhesive for flexible packaging is segmented based on end-use, products. The packaging adhesive market offers comprehensive market estimation and market segmentation analysis for the next decade. Based on product type, it has been segmented into the following;
- Water-based. When working with papers, water-based adhesives will probably do the trick. They are commonly used in applications of paper-to-paper such as labels, and packaging.
- Solvent-based. These types of adhesives are the most common. This is because of their fast bonding and drying properties. Solvent-based are flammable which makes them effective in joining plastics and rubber together to create cohesion and flexibility.
- Based on end-use. This is segmented into industrial packaging, food packaging, and medical packaging. Food packaging remains the key segment but industrial lamination of adhesives will witness better adoptability during the forecast period.
