Packaging to support global adhesives and sealants growth

Global demand for adhesives and sealants is forecast to rise 4.5 percent a year through 2019 to 20.2 million metric tons, valued at 64 billion USD, with packaging and labels identified as a component of the anticipated growth.

According to industry research firm Freedonia’s World Adhesives & Sealants study, suppliers of packaging adhesives will benefit from growing urban populations and improving disposable incomesAccording to industry research firm Freedonia’s World Adhesives & Sealants study, suppliers of packaging adhesives will benefit from growing urban populations and improving disposable incomes

According to industry research firm Freedonia’s World Adhesives & Sealants study, suppliers of packaging adhesives will benefit from growing urban populations and improving disposable incomes, which will continue to boost demand for packaged consumer goods sold in supermarkets, online and via other retail outlets. 

Expanding manufacturing output – particularly in emerging Asia-Pacific economies – is expected to fuel growth across a number of segments, boosting adhesive and sealant use in packaging, tapes and labels, motor vehicles, electronics, and footwear applications, among others.

The study also notes that strong growth in construction activity will underpin advances, driven by increased urbanization and infrastructure improvements in developing countries, combined with rebounding construction spending in Western Europe and the US. Increasing adoption of adhesive bonding technologies designed to replace or augment mechanical fasteners will provide additional growth opportunities for adhesives suppliers worldwide, as will the availability of improved, high performance products.

China’s global dominance in several adhesives-intensive industries –electronics, footwear, furniture, and machinery – will bolster the country’s position as the top adhesive and sealant consumer through 2019. 

India is expected to post the most rapid advances of any major market, fueled by robust increases in construction spending and motor vehicle output.  In India’s automotive sector, rising motor vehicle sales are fueling output and capacity expansions by major OEMs, boosting sales of epoxies, polyurethanes, and other adhesive and sealant types.  Similar trends will also spur demand growth in the auto industries of Thailand and other emerging economies.