The global packaging adhesives market is projected to reach US$ 9.2 Billion by 2026, exhibiting a CAGR of 5.7% during the forecast period. Packaging adhesives are used in production and sealing of corrugated boxes and honeycomb packaging. According to ’ study, global honeycomb packaging Adhesives market is expected to reach US$ 16.95 billion by 2025 from US$ 9.64 billion in 2016. In addition to this, according to the Fibre Box Association (FBA), corrugated industry shipments increased by 2.1% in 2016 from 2015 in North America.
Growing e-commerce industry is propelling demand for packaging
adhesives. According to the United States Census Bureau, the e-commerce
sales was reported at US$ 105,096 Mn out of US$ 1,274,565 Mn of total retail
sales in the second quarter of 2017. In addition to this, the e-commerce sales
increased from US$ 98,292 Mn in the first quarter of 2017 to US$ 105,096 Mn in
the second quarter of 2017.