Packaging Adhesives Market To Reach $10.11B By 2025 The global packaging adhesives market is expected to reach $10.11 billion by 2025, according to a new report by Grand View Research, Inc. The growing usage of packaging adhesives in flexible packaging, paper & board packaging, and rigid packaging is an- ticipated to strengthen the market growth. Increasing demand for packaged food products and organized retailing has resulted in heightened de- mand for folding cartons. In an attempt to lure more consumers, food vendors are offering products with longer shelf life, which come in attractive packaging. Folding carton packaging is witnessing maximum de- mand from the food and beverage industry. The rising demand for labeling is expected to spur the market growth of application segment over the forecast period.This is expected to boost the market growth over the forecast period. Asia Pacific is anticipated to be a key consumer of packaging adhesives over the forecast period owing to numerous technological innovations such as the hot-melt technology. The key industry participants are also involved in the development of innovative adhesive products through R&D and technical exper- tise, which in turn is expected to drive the industrial adhesive solutions. Further key findings from the report, include: • The global packaging adhesives market was valued at $6.28 billion in 2016 and expected to progress at a CAGR of 4.5 percent from 2017 to 2025; • Water-based technology dominated the market in 2016 followed by solvent-based; • Flexible packaging was the largest application segment in 2016 and the trend is expected to contin- ue over the forecast period.The segment is expected to register 5.0 percent CAGR over the coming years; • Asia Pacific is anticipated to be the fastest-grow- ing segment at a predicted CAGR of 6.0 percent from 2017 to 2025; and • Increasing demand from the food and beverages industries is projected to drive the Asia Pacific re- gional market. Flexo Printing Machine Market To Hit $975 Million The global market for Flexographic Printing Ma- chine is expected to reach about $975.17 million by 2022 from $856.62 million in 2016, registering a Compounded Annual Growth Rate (CAGR) of 2.18 percent during the analysis period, 2012-2022, ac- cording to a new report from Questale.
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6 October 30, 2017 Flexo Market News
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