Market Research Packaging Adhesives Market

Packaging Adhesives Market Research Analysis, Share, Trends, and Forecast to 2026 The global packaging adhesives market was valued at US$ 6.1 billion in 2017 and is anticipated to register a CAGR of 5.7% in terms of revenue, over the forecast period (2018 – 2026), to reach US$ 9.2 billion by 2026. Adhesives are used in packaging applications such as corrugated box construction, lamination of printed sheets, and production of industrial tubes, among others. Growing demand for packaging is driving growth of the global adhesives market. According to a study by Coherent Market Insights, global industrial packaging market is estimated to reach US$ 97.2 billion by 2025. Growing e-commerce industry is propelling demand for packaging adhesives. According to the United States Census Bureau, the e-commerce sales was reported at US$ 105,096 Mn out of US$ 1,274,565 Mn of total retail sales in the second quarter of 2017. In addition to this, the e- commerce sales increased from US$ 98,292 Mn in the first quarter of 2017 to US$ 105,096 Mn in the second quarter of 2017.