Market Research Packaging Adhesives Market | Page 2

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Demand for safe and regulatory compliant adhesives that do not affect food, make the food
harmful or change nature, substance or quality of the food is growing rapidly. Increasing
consumption of packaged and processed food is fuelling growth of the global packaging
adhesives market. According to Coherent Market Insights’ study, the global frozen processed
food market was valued at US$ 60.12 billion in 2016 and is anticipated to reach US$ 85.49
billion by 2025. However, adhesives used in food packaging are regulated by authorities such as
EU and the U.S. Food and Drug Administration. For instance, Regulation (EC) No 1935/2004
regulates materials that come in contact with food.
Asia Pacific held highest market share of 46.2% in 2017, owing to growing packaging industry
in China, India, and ASEAN countries. According to the Indian Institute of Packaging (IIP),
packaging industry in India is estimated to reach US$ 73 billion by 2020 from US$ 32 billion in
2015.
Demand for packaging adhesives from industries such as food and beverages, pharmaceuticals,
and consumer goods is increasing significantly. According to The U.S. Department of
Agriculture, retail sales of consumer goods reached US$ 4.49 trillion in 2015 in China. These
factors are expected to aid in growth of the market in the region.
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Players operating in the global packaging adhesives market are adopting various growth
strategies such as product development to cater to increasing demand for packaging adhesives.
For instance, in July 2018, Brilliant polymers launched solvent-free adhesives for flexible
packaging. In April 2018, Uflex launched 2K PU laminating adhesive for food packaging and
general applications. In September 2015, Loctite Liofol LA 2760/LA 7371 and 2760/LA 5891-
21 aliphatic adhesive system was launched by Henkel.
Major players operating in the global packaging adhesives market include, Henkel AG &
Company, KGaA, 3M Company, Paramelt B.V., H.B. Fuller Company, Bostik SA, Avery
Dennison Corporation, Sika AG, Wacker Chemie AG, Ashland Inc., Dymax Corporation,
DowDuPont Inc., and Huntsman Corporation.