A new research report has revealed that adhesives for paperboard and packaging industry globally is said to reach an estimated value of about $16.9bn in 2018.
According to the report released by global management consulting and market research firm Lucintel, increasing consumer retail industry, improved distribution of food and other packaged items, and penetration of packaging in all industrial products are the major drivers of the industry.
The report titled 'The Global Adhesives for Paperboard and Packaging Industry 2013-2018: Trend, Profit, and Forecast Analysis' noted that increasing demand for flexible packaging for industrial products is set to scale up the packaging adhesives industry.
The report comprises analysis of the market trend, the competitive landscape, mergers and acquisitions, emerging trends, and key drivers of industry growth.
In addition, the study is classified by four regions such as North America, Europe, Asia Pacific, and rest of world and includes global trends and forecasts for adhesives for the paperboard and packaging industry through 2018.
During forecast period, Asia-Pacific (APAC) is expected to dominate the industry.
The market research company estimates that adhesives for paperboard and packaging industry will increase moderately during 2013-2018, on the basis of its comprehensive research.
The major suppliers of adhesives for paperboard and packaging industry include Henkel, Avery Dennison, HB Fuller, and Eastman Chemical.