Asia Pacific Flexible Packaging Adhesives Market Size, Competitive Landscape and Market Forecast - 2029

SKU: DM1883 | Last Updated On: Jun 15 2022 | Available Formats

> Asia Pacific Flexible Packaging Adhesives Market Expected to reach a high CAGR by 2029 : DataM Intelligence

Asia Pacific Flexible Packaging Adhesives Market is segmented By Technology (Water-based, Solvent-based, Holt melt), By Application (Food & beverages, Pharmaceuticals, Personal care, and household care, Tobacco, Others), and By Region (China, India, Japan, Australia, Rest of Asia Pacific) Share, Size, Outlook, and Opportunity Analysis, 2022-2029

 

Market Overview

The "Asia Pacific Flexible Packaging Adhesives Market" is expected to grow at a CAGR during the forecasting period (2022-2029).

Flexible packing for foods and other consumer goods has been around for a long time for efficient distribution, protection. Today's packaging could not have existed in its myriad forms and functionalities without flexible packaging adhesives. Flexible packaging adhesives are versatile, low cost, and offer high resistance to water and moisture. More than 60% of the total adhesives used globally are used in the packaging industry. Thus, growth in its applications in various end-user industry sectors is expected to boost market growth over the forecast period.

Market Dynamics

Rising food & beverage consumption is one of the major drivers leading to the growth of the Asia Pacific flexible packaging adhesives market. The food & beverage sector is a major consumer of plastic packaging. The products in this sector are fast-moving, light, and cheap to reduce transportation costs and facilitate instant disposal.  Besides, different consumption habits give rise to the need for innovation in packaging, which is best implemented in plastic packaging. Food & Beverage companies are demanding an increased number of packaging products and solutions with unique designs for better product uniqueness, and this criterion can be met through flexible packaging.  Thus, the rise in food & beverage consumption and packaging drives the Asia Pacific flexible packaging adhesives market.

The rapidly growing e-commerce business also has a predominantly positive impact on the flexible packaging adhesives market.

One of the major challenges restricting the growth of the market is a negative impact on the environment. The plastic segment is the largest segment of the flexible packaging market in China. Also, governments, such as China, include a ban on the use of plastic materials beyond a certain grade, which is a challenge to the functioning of packaging manufacturers. Due to these factors, the environmental regulations on flexible packaging products are a major factor restricting the growth of the Asia Pacific flexible packaging adhesives market.

Market Segmentation

The Asia Pacific flexible packaging adhesives market is broadly segmented as water-based, solvent-based, and hot melt based on the technology. Among these, water-based accounted for a major market share and is predicted to grow at a high CAGR over the forecast period. These adhesives have improved moisture resistance compared to adhesives. Also, this is due to the advantages of water-based adhesives such as low cost, energy-efficient, safety, and ease of use. Water-based adhesives have low volatile organic compounds (VOCs). Thus, the water-based flexible packaging adhesives are expected to grow at a high CAGR during the forecast period due to all these factors.

Geographical Analysis

The Asia Pacific flexible packaging adhesives market is segmented into China, India, South Korea, Australia, Japan, and the Asia Pacific. China accounted for a major market share in 2019 and is expected to grow in the forecast period.

China is the largest market in global flexible packaging with a market tonnage of 6.07 million tonnes. According to China's National Health and Family Planning Commission (NHFPC), in October 2017, two of China's most important food packaging standards came into effect. China's flexible packaging sector is changing the consumer dynamics and growth potential of end-user industries. It presents lucrative business opportunities for venturing and diversifying. Rising incomes, mounting health awareness, and evolving eating habits of the Chinese consumers will keep pouring in growth for the sector. Owing to China's flourishing flexible packaging industry, the market for flexible packaging adhesives in China is expected to grow at a healthy pace.

Competitive Analysis

Significant players of the Asia Pacific flexible packaging adhesives market are 3M, Ashland Inc, BASF SE, Avery Dennison, Bostik, Dow DuPont, Dymax, HB Fuller, Henkel AG&Co., Paramelt BV, Sika AG, and others. The majority of these prominent players adopt few organic and inorganic strategies such as product launches, collaboration, product agreements, and other key developments to enhance their product portfolio in the Asia-Pacific flexible packaging adhesives market. For instance, in February 2018, Amcor launched its first commercial container utilizing breakthrough LiquiForm® technology. In November 2016, Amcor expanded its flexible packaging platform in the strategically important Northern China region by acquiring Hebei Qite Packing Co. Ltd.

Why Purchase the Report?

  • Visualize the composition of the Asia-Pacific Flexible Packaging Adhesives market across each indication regarding type and treatment options, highlighting the key commercial assets and players.
  • Identify commercial opportunities in Asia-Pacific Flexible Packaging Adhesives market by analyzing trends and co-development deals.
  • Excel data sheet with thousands of data points of the Asia-Pacific Flexible Packaging Adhesives market-level 4/5 segmentation.
  • PDF report with the most relevant analysis cogently put together after exhaustive qualitative interviews and in-depth market study.
  • Product mapping in excel for the key products of all major market players

Target Audience:

  • Equipment Suppliers/ Buyers
  • Service Providers/ Buyers
  • Industry Investors/Investment Bankers
  • Education & Research Institutes
  • Research Professionals
  • Emerging Companies
  • Manufacturers

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