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Email: [email protected] MarketResearch.com PACKAGING ADHESIVES MARKET BY TECHNOLOGY (WATER BASED, SOLVENT BASED, HOT-MELT BASED & OTHERS) AND BY APPLICATION (CASE & CARTON, CORRUGATED PACKAGING, LABELING, FLEXIBLE PACKAGING, FOLDING CARTONS, SPECIALTY PACKAGING & OTHERS) GLOBAL FORECAST TO 2019

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Global Packaging Adhesives Market – Global Forecast to 2019

MarketsandMarkets is a global market research and consulting company based in the U.S. It is World’s No. 2 in terms of premium market research studies published annually We publish strategically analyzed market research reports and serve as a business intelligence partner to Fortune 500 companies across the world. MarketsandMarkets also provides multi-client reports, company profiles, databases, and custom research services.

MarketsandMarkets covers fourteen industry verticals, including advanced materials, automotive and transportation, aerospace and defence, biotechnology, chemicals, consumer goods, energy and power, food and beverages, industrial automation, medical devices, pharmaceuticals, semiconductor and electronics, and telecommunications and IT.

Copyright © 2015 MarketsandMarkets All Rights Reserved. This document contains highly confidential information and is the sole property of MarketsandMarkets. No part of it may be circulated, copied, quoted, or otherwise reproduced without the approval of MarketsandMarkets.

2 © MarketsandMarkets Global Packaging Adhesives Market – Global Forecast to 2019

1 RESEARCH METHODOLOGY

This research study involved the use of extensive secondary sources, directories, and databases, such as Hoovers, Bloomberg BusinessWeek, Factiva, and OneSource to identify and collect information useful for this technical, market-oriented, and commercial study of the packaging adhesives market. The primary sources are mainly several industry experts from core and related industries and preferred suppliers, manufacturers, distributors, service providers, and organizations related to all segments of this industry’s value chain. In-depth interviews of various primary respondents that include key industry participants, subject matter experts (SMEs), C-level executives of key market players, and industry consultants, among other experts were conducted to obtain and verify critical qualitative and quantitative information as well as to assess future prospects.

This research study involved the use of extensive secondary sources, directories, and databases, to identify and collect information useful for this technical, market-oriented, and commercial study of the packaging adhesives market. The primary sources, such as selected experts from related industries and selected suppliers have been interviewed to obtain and verify critical information as well as to assess the future prospects. The following illustrative figure shows the market research methodology used in generating this report on the packaging adhesives market.

FIGURE 1 PACKAGING ADHESIVES MARKET: RESEARCH DESIGN

Raw Material Regulatory Introduction Price Analysis HISTORICAL DATA Analysis Landscape FOR THE PACKAGING ADHESIVES MARKET Competitive Packaging Adhesives Regional Usage Market Share Landscape Value Chain Pattern

Market Drivers: Market Restraints: Market Opportunities: . Growing food & . Emerging markets beverages industries . Government regulation to reduce VOC for solvent . Growing End-use . Increasing consumer based adhesives Application awareness of food safety

Winning Imperatives: INFLUENCING FACTORS Burning Issues: . Good quality, access to raw Industry Trends: (Market Trends and Dynamics) materials, and eco-friendly . Capacity expansions . Managing the products supply –demand gap among manufacturers . Strategy for regional expansions

. Agreements, Collaborations & Partnerships: More than ten deals in the last three years Regional . Expansions: Most preferred strategy by various global Analysis players

Historical Data of Market Size & Forecast by Type the Market Arrive at the Market Size, Forecast Market Size & Forecast by End-User Industry Share, and CAGR for Packaging Adhesives Impact Analysis of Market Trends Market Size & Forecast by Region

Source: Secondary Literature, Expert Interviews, and MarketsandMarkets Analysis

3 © MarketsandMarkets Global Packaging Adhesives Market – Global Forecast to 2019

In the secondary research process, various secondary sources were referred to identify and collect information for this study. The secondary sources include annual reports, press releases and investor presentations of companies, white papers, and certified publications, articles from recognized authors, and gold and silver standard websites.

Secondary research was mainly used to obtain key information about the industry’s supply chain, the market’s monetary chain, the total pool of key players, market classification and segmentation according to industry trends to the bottom-most level, regional markets, and key developments from both market- and technology-oriented perspectives.

As a part of the primary research process, various primary sources from both supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include industry experts, such as CEOs, vice presidents, marketing directors, and related key executives from key companies and organizations operating in the packaging adhesives market. The primary sources from the demand side include experts and key persons of end-use industries.

After the complete market engineering (that includes calculations for market statistics, market crackdown, market size estimations, market forecasting, and data triangulation), extensive primary research was conducted to gather information and to verify and validate the critical numbers arrived at. Primary research was also conducted to identify the segmentation types, industry trends, Porter’s analysis, key players, competitive landscape of packaging adhesives products supplied by different market players; and key market dynamics, such as drivers, restraints, opportunities, burning issues, winning imperatives, industry trends, and key players’ strategies.

As a part of the market engineering process, both top-down and bottom-up approaches were extensively used along with several data triangulation methods to estimate and forecast the overall market and its segments. Extensive qualitative and quantitative analysis was performed on the complete market engineering process to list key information/insights throughout the report.

1.1 MARKET SIZE ESTIMATION Top-down and bottom-up approaches were used to estimate and validate the market size of packaging adhesives for its various applications in each region. The research methodology used to estimate the market size includes the following details: key players in the market were identified through secondary research and their market shares in respective regions were determined through primary and secondary research. All percentage shares, splits, and breakdowns were determined by using secondary sources and verified through primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.

The following figure shows an illustrative representation of the overall market size estimation process used for the purpose of this study.

4 © MarketsandMarkets Global Packaging Adhesives Market – Global Forecast to 2019

FIGURE 2 MARKET SIZE ESTIMATION: BOTTOM-UP APPROACH

Bottom-up Approach (Segmental Analysis) Global Packaging Adhesive Market

Supply estimates of packaging adhesives Supply estimate

Estimate supply of packaging Secondary sources and interviews with adhesives at micro industry experts & macro level

Identify capacities, utilization, sales volume, and market Secondary sources and interviews with share for packaging industry experts and packaging adhesive adhesives manufacturers

Identify trends for each type of packaging adhesives (general/niche markets)

Secondary sources (AASG, Factiva, CPA, Identify key manufacturers of FEICA, JAIA., and others) and interviews packaging adhesives, globally with industry experts

Source: Secondary Literature, Expert Interviews, and MarketsandMarkets Analysis

FIGURE 3 MARKET SIZE ESTIMATION: TOP-DOWN APPROACH

Top-down Approach (Segmental Analysis) Global Packaging Adhesives Market

Identify all the significant end-use applications Secondary sources of packaging adhesives (AASG, Factiva, CPA, FEICA, JAIA., and others)

Analyze the individual packaging Secondary sources on macro and micro economic adhesives volume used in each type of application parameters. Primary interviews with manufacturers, distributors, and industry chambers

Estimate the consumption of packaging adhesives for each Secondary sources and interviews with industry region experts and packaging adhesives end users

Estimate the total demand for packaging Secondary sources and interviews with industry adhesives experts and other industry professionals

Demand estimate Market size forecast, in terms of value and volume, for optically clear adhesives

Source: Secondary Literature, Expert Interviews, and MarketsandMarkets Analysis

Both, bottom-up and top-down approaches were used to estimate market sizes. Data were collected through primary and secondary research. Secondary research comprised both free as well as paid data sources, such as Factiva and ICIS.

The market size, in terms of volume, was estimated for different types of packaging adhesives through secondary and primary research and the consumption was calculated by adding the volume for all these types. Also, the average price of packaging adhesives was estimated for each type.

5 © MarketsandMarkets Global Packaging Adhesives Market – Global Forecast to 2019

The consumption of packaging adhesives was segmented by applications, using percentage split collected from secondary and primary sources. The consumption for each application was further segmented based on important regional markets.

FIGURE 4 BREAKDOWN OF PRIMARY INTERVIEWS, BY COMPANY TYPE, DESIGNATION & REGION

NUMBER OF PRIMARIES: BY COMPANY TYPE NUMBER OF PRIMARIES: BY DESIGNATION NUMBER OF PRIMARIES: BY REGION

Tier 2 Companies Tier 1 Companies C- Level Director Level Others North America Europe Tier 3 Companies Asia-Pacific RoW

Note: *Others include sales managers, marketing managers, and product managers, Tier 1 companies have been selected on the basis of recent financials for packaging adhesives products, Tier 1 Revenue >$ XX Billion, Tier 2 Revenue $XX Billion to $ XX Billion, & Tier 3 Revenue

1.2 MARKET BREAKDOWN & DATA TRIANGULATION After arriving at the overall market size, the total market was split into several segments. In order to complete the overall market engineering process and arrive at the exact statistics for all segments, data triangulation and market breakdown procedures were used, wherever applicable. The data was triangulated by studying various factors and trends from demand and supply sides. Along with this, the market was validated using both top-down and bottom-up approaches.

6 © MarketsandMarkets Global Packaging Adhesives Market – Global Forecast to 2019

FIGURE 5 PACKAGING ADHESIVES MARKET: DATA TRIANGULATION

PRIMARY SOURCES SECONDARY SOURCES

Interviews with: Annual reports, presentations, . Chief information officers websites, and press releases of . IT technicians and key players, news articles, journals, technologists MnM KNOW* and paid databases . Purchase managers in

healthcare provider Demand Demand Side organizations . European Adhesives and Sealants Manufacturers (FEICA) Interviews with: . Adhesive and Sealant Council (ASC) . CEOs Primary Secondary Sources Sources . Japan Adhesive Industry Association . Vice presidents (JAIA) . Marketing directors DATA TRIANGULATION . British Adhesives and Sealants . Technology and innovation Association (BASA) directors and related key

executives from various key Supply Side Supply companies and organizations operating in the packaging adhesives market Information Sourced

Market Size and Market Key Players Competitive Landscape Opportunities/Challenges Share (2013)

Drivers/Restraints Forecasting Regional Analysis

MnM KNOW* stands for MarketsandMarkets’ ―Knowledge Asset Management‖ framework. In this context, it stands for existing market research knowledge repository of over 5,000 granular markets, our flagship competitive intelligence and market research platform "RT", subject matter experts, and independent consultants. MnM KNOW acts as an independent source that helps us validate information gathered from primary and secondary sources.

Source: Primary & Secondary Research and MarketsandMarkets Analysis 1.3 MARKET SHARE ESTIMATION The market share for packaging adhesives applications was arrived at on the basis of secondary data available through paid and unpaid sources and by analyzing product portfolios of key companies and rating them on the basis of performance and quality. These data were further validated by primary sources.

7 © MarketsandMarkets Global Packaging Adhesives Market – Global Forecast to 2019

FIGURE 6 KEY DATA FROM SECONDARY SOURCES

PARAMETER SOURCE

. Company Financials . Magazines . Journals 1 Market Size . Press Releases . Paid Databases . MarketsandMarkets Data Repository

. Annual Reports Revenue . Company Websites 2 of Companies . Public Databases . MarketsandMarkets Data Repository

. Company Websites Qualitative Information . Annual Reports 3 (Market Dynamics, . Press Releases Market Trends) . MarketsandMarkets Data Repository

Source: Secondary Literature, Expert Interviews, and MarketsandMarkets Analysis

FIGURE 7 KEY DATA FROM PRIMARY SOURCES

PARAMETER DATA POINT

. Overall market and sub-segments . The global packaging adhesives market, Regional in 2013 1 by region—North America, Europe, Split . CAGR of each region in the Asia-Pacific, and RoW forecast period (2014–2019)

. The global market size for the Global year 2013 2 . Packaging adhesives market, by volume & value Market Size . CAGR for the forecast period (2014–2019)

. Packaging adhesives market, by technology . Packaging adhesives market, by (water based, solvent based, hot Melt, and others) Market technology 3 . Packaging adhesives market, by end-use Split . Packaging adhesives market, by applications (case & carton, corrugated packaging, end-use application labelling, bags, folding cartons, specialty packaging, and others)

Source: Secondary Literature, Expert Interviews, and MarketsandMarkets Analysis

8 © MarketsandMarkets Global Packaging Adhesives Market – Global Forecast to 2019

1.4 ASSUMPTIONS

PARAMETER ASSUMPTION IMPACT

A positive economic climate means A positive economic climate is expected to positive spending with a strong focus 1 Economy continue in the Asia-Pacific region. on business cases and short-, mid- and long-term results.

Despite a few political issues and other MarketsandMarkets assumes stability in a minor issues over the use of chemicals Political majority of region covered, despite there 2 and its productions, the packaging stability being unsprings in Iraq, Afghanistan, and adhesives market outlook will be other Arab nations. positive.

Fall in the dollar ($) will enhance MarketsandMarkets assumes that dollar growth opportunities for the U.S. Exchange 3 ($) fluctuations will not be serious enough to multinationals, whereas the stability in Result affect the forecasts to a significant extent. the dollar will stabilize the prices of imports and exports.

Government A stable and moderate government This encourages adoption of 4 Spending spending pattern is assumed during the integration services among end users. pattern forecast period, 2014-2019.

MarketsandMarkets extracts all revenue The authenticity of the financials has a Financial 5 and financials insights from the company’s big part to play in the overall market statics website or its annual report. sizing exercise.

Source: MarketsandMarkets Analysis

1.5 LIMITATIONS

Limitations Assumption

The quantitative information for some of the market segment are kept confidential by industry players. Hence quantitative 1 Market Size insights gathered during the course of study have been used to arrive at the market size for such sub segment

There are limited number of industry experts available in developing market across APAC and Latin American region. Revenue of 2 In such case the regional market size is derived on the basis Companies of weightages assigned to these markets based on the quantitative insight from global industry expert

Source: MarketsandMarkets Analysis

9 © MarketsandMarkets Global Packaging Adhesives Market – Global Forecast to 2019

2 EXECUTIVE SUMMARY

The market for packaging adhesives has witnessed high growth because of consumers and end-product manufacturers’ awareness regarding their environmental benefits, government legislations, and increasing demand in different regions. The packaging adhesives market is projected to reach XX thousand tons by 2019, at a CAGR of XX% from 2014. The Asia-Pacific market will be the largest growing market of the packaging adhesives market by 2019 by CAGR of XX% in between 2014-2019, as it is a emerging market.

The drivers of the industry are identified as growing commitment toward environmental sustainability and increased demand for different technologies of packaging adhesives products in end-use applications. The restraining factors are identified as cost competitiveness and government regulations. Some of the key drivers in this industry are growing food & beverages industry due to growing population and rising standard of living globally, also increasing consumer awareness of food safety.

FIGURE 8 PACKAGING APPLICATION MARKET SNAPSHOT (2014 VS. 2019): MARKET FOR CASE & CARTONS TO CONTINUE DOMINATING THE PACKAGING ADHESIVES MARKET TILL 2019

Application Industry 2014 2019 CAGR%

Corrugated Packaging 4.5

Case & Carton 4.8

Labelling 4.1

Flexible Packaging 5.8

Folding Cartons 4.3

Specialty Packaging 5.7

Others 5.2

900.00 0 900.00 000’ tons

*Others includes envelops, cups, & bags Source: Secondary Literature, Expert Interviews, and MarketsandMarkets Analysis

FIGURE 9 ASIA-PACIFIC DOMINATES THE PACKAGING ADHESIVES MARKET

CAGR 2019 2014

0 ‘000 tons

Source: Secondary Literature, Expert Interviews, and MarketsandMarkets Analysis

FIGURE 10 FLEXIBLE PACKAGING APPLICATION IS EXPECTED TO GROW WITH HIGH CAGR BETWEEN 2014-2019

8.00%

2019) -

4.00% CAGR (2014CAGR

0.00% 0 1 2 3 4 5 6 7 8

Rank in terms of Market Size

Case & Carton Corrugated Packaging Labeling Flexible Packaging Folding Cartons Specialty Packaging Others

Source: Secondary Literature, Expert Interviews, and MarketsandMarkets Analysis

FIGURE 11 ASIA-PACIFIC IS THE FASTEST-GROWING PACKAGING ADHESIVES MARKET IN THE YEAR 2013

EUROPE Market Share = XX% NORTH AMERICA CAGR = XX% Market Share = XX% CAGR = XX% ASIA-PACIFIC Market Share = XX% CAGR = XX%

REST OF THE WORLD Market Share = XX% CAGR = XX%

Source: Secondary Literature, Expert Interviews, and MarketsandMarkets Analysis

Asia-Pacific (comprising China, India, and Japan) accounted for a share XX% share% in the global packaging adhesives market in 2013. Factors, such as huge and increasing addressable population base, rapid and growing food packaging industry are driving the growth of the Asia-Pacific packaging adhesives market. Compared to mature markets, such as North America and Europe, the market in Asia-Pacific is estimated to register a high rate of XX% between 2014 and 2019.

The market in North America accounted for the largest share of XX% of the packaging adhesives market in 2013, in terms of volume. Also, it is estimated to register a CAGR of XX%, followed by Europe, APAC, and RoW, during the forecast period. Industry players adopted strategies, such as capacity expansions and new product launch to address the demands of end-user industries. Key participants in this market include Henkel (Germany), HB Fuller (U.S.), Bostik (France), Paramelt (The Netherlands), Bostik (Europe), 3M (U.S.), Jowat Corp (Germany), Sika (Switzerland), Wacker Chemie (Germany), Avery Dennison (U.S.), Ashland (U.S.), and Dymax (U.S.) and others.

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