Increased demand in the medical industry is boosting Plastic Adhesives Market

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science-technology

Summary

Medical is projected to be the fastest-growing application of plastic adhesives. Medical device assembly varies widely and typically involves bonding materials that are otherwise difficult to create adhesion.

Press Release

The market size for Plastic Adhesives is projected to grow from USD 6.8 billion in 2020 to USD 9.2 billion by 2025, at a CAGR of 6.3%. APAC is the largest consumer of plastic adhesives. Increasing demand in the medical industry, growth in the appliance industry, and growing demand from packaging and e-commerce industries are the factors driving the plastic adhesives market.

Browse 145 market data Tables and 55 Figures spread through 231 Pages and in-depth TOC on “Plastic Adhesives Market by Resin Type (Epoxy, PU, Acrylic, Silicone, MMA, Cyanoacrylate), By Substrate (PE, PP, PVC), By Application (Packaging, Building & Construction, Automotive & Transportation, Assembly, Medical), and Region – Global Forecast to 2025”

Packaging segment accounted for the largest share of the plastic adhesives market in 2020.

The use of plastic adhesives in flexible packaging offer advantages in terms of reduction in energy and material use and packaging costs. A range of plastic such as PP and PET are used in food & beverage packaging. These plastics provide sustainable and innovative solutions, along with longer shelf life and barrier to aroma, vapor, and moisture. PP is used for microwavable packaging, while PET is used in meat and cheese packaging. The demand for plastic adhesives is high due to the rising demand for packaged food products. The demand for longer shelf life of food products such as meat, milk, and cheese is driving the consumption of plastic adhesives in the food & beverage application. There is rising awareness among consumers about the nutritional value of food, which has led to the increased use of plastic adhesives in the packaging of food & beverage.

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Henkel AG (US) operates globally with a well-balanced and diversified portfolio. It manufactures and distributes homecare, laundry, cosmetics, and adhesive products, globally. The company operates through four main business segments, namely, adhesive technologies, laundry & home care, beauty care, and corporate. Plastic adhesives are produced under the adhesive technologies segment. Henkel offers a multitude of applications to cater to the needs of different target groups: consumers, craftsmen, and industrial businesses. Henkel Adhesive Technologies is the global leader in adhesives, sealants, and functional coatings worldwide.

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