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Rigid packaging adhesives to reach $18.2 billion by 2021

The global market for rigid packaging adhesives is forecast to grow by 4.3% (CAGR) to reach $18.2 billion by 2021.

 

The global market for rigid packaging adhesives was estimated to be worth $14.7 billion in 2016. The market is expected to reach $18.2 billion by 2021 driven by an overall compound annual growth rate (CAGR) of 4.3% over the next five years, according to Smithers Apex.

Smithers Apex’s new report, “The Future of Adhesives for Packaging to 2021 [http://www.smithersapex.com/market-reports/the-future-of-adhesives-for-packaging-to-2021],” states that growth within the global packaging adhesives market is being fueled by an increase in the consumption of packaged food and consumer goods, mostly in Asia, Africa, and the Middle East as these markets transition to a more western-style of consuming food and other products. The expansion forecast for Asia in the second half of the decade is less than 2011-2015 growth rates, but it is still stronger than the moderate growth that is forecast for the mature economies of North America and Western Europe.

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