Market Trends of Adhesive Films Industry
This section covers the major market trends shaping the Adhesive Films Market according to our research experts:
Increasing Application in Packaging Industry
- Adhesive films are extensively used as alternatives to fasteners as well as paste and liquid adhesives in many end-use industries amongst which packaging industry leads in the application.
- With growing e-commerce sector, the packaging industry has been rapidly increasing over the couple of years creating scope for the usage of adhesive films.
- Film adhesives can be activated thermally, chemically, or using light or pressure. Pressure sensitive adhesive films are used in wide range of applications in packaging industry.
- Adhesive films are the most economical selection for bonding both porous and nonporous surfaces used to bond fabrics, plastics and others in packaging industry. It is available in roll form on release paper, stripped, or laminated to fabric, film or foil depending upon the usage.
- The Indian packaging industry which was valued at USD 31.7 billion in 2015 accounted for about USD 75.95 billion in 2019 showing rapid growth in this sector over the years.
- Packaging industry accounts for a major share in the utilization of adhesive films market with China, United States, Germany playing a major role in this market.
Understand The Key Trends Shaping This Market
Download Sample
Asia-Pacific Region to Dominate the Market
- Asia-Pacific region is expected to dominate the market for adhesive films market during the forecast period. In countries like China, India and Japan due to the increasing demand from applications such as packaging and automotive industry, the market for adhesive films has been rapidly increasing in the region.
- The largest producers of adhesive films market are located in Asia-Pacific region. Some of the leading companies in the production of adhesive films are Toray Advanced Composites, NITTO DENKO CORPORATION, H.B. Fuller Company, L&L Products and Henkel AG & Co. KGaA.
- Adhesive films also have wide range applications in various industries like automotive, aerospace, electrical and electronics and others. Light-cured films are mostly preferred in electronic applications requiring higher strength at extreme temperature variations.
- Owing to the industrial development and improving economic conditions in Asia-Pacific region, and record usage of e-commerce in the region, the demand for adhesive films has been increasing the region.
- In October 2019, largest e-commerce giants like Amazon and Flip kart together accounted for gross sales of about USD 3.5 billion in India witnessing a rise of 33% over the previous year.
- The aforementioned factors coupled with government support are contributing to the increasing demand for adhesive films market during the forecast period.
Get Analysis on Important Geographic Markets
Download Sample
