Structutal Bonding Adhesives Market was valued at USD 9.30 Billion in 2022 and is projected to reach USD 14.60 Billion by 2030, growing at a CAGR of 6.8% from 2024 to 2030.
Between 2018 and 2022, the global demand for Stretch Tite plastic wraps surged, with North America, Europe, and Asia Pacific dominating the market. North America, specifically the United States, witnessed robust growth due to an increase in demand from the food industry and advancements in packaging technology. Similarly, Europe saw significant growth as more industries adopted Stretch Tite plastic wraps for their versatile applications. The Asia-Pacific region, driven by emerging markets like China and India, also contributed heavily to the expansion of the market, fueled by an increasing population, industrial growth, and rising consumer disposable income.
The demand for Stretch Tite Plastic Wrap is projected to grow even more significantly from 2023 to 2033. The global packaging industry is expected to witness continued innovation, with sustainable and eco-friendly solutions gaining more prominence. Biodegradable stretch wraps, the rise of automation in packaging, and the increasing demand for fresh and processed food packaging will drive growth in the coming decade. With stricter environmental regulations and consumers' growing preference for eco-conscious products, manufacturers are exploring alternatives such as compostable and recyclable plastic wraps to reduce their carbon footprint.
The demand for Stretch Tite plastic wraps will also see a shift toward the foodservice industry, where it is increasingly being used to wrap fresh produce, meat, and bakery products. Innovations in the formulation of stretch films are expected to make these products more efficient in preventing spoilage, extending shelf life, and preserving freshness. Furthermore, significant investments in the food processing sector will fuel the need for Stretch Tite plastic wraps to enhance product packaging.
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The Stretch Tite Plastic Wrap Market has undergone significant transformations between 2018 and 2022, driven by various trends and changing consumer behaviors. This market, essential for food packaging, industrial applications, and retail, saw a steady increase in demand during this period. Factors such as rising awareness about food preservation, growing consumer preference for sustainable packaging solutions, and technological advancements in manufacturing processes have positively impacted the market's growth. In addition, the COVID-19 pandemic played a crucial role in pushing up demand for packaging solutions, as people turned to online shopping and home deliveries, further elevating the need for plastic wraps to ensure product safety during transit.
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LORD (Parker)
DELO Addhesive
Henkel
Hernon Manufacturing
3M
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Structutal Bonding Adhesives Market
Joint Sealing
Magnet
Metal
Plastic and Composite Bonding
Potting and Encapsulating
Others
Based on Types the Market is categorized into Below types that held the largest Structutal Bonding Adhesives market share In 2023.
Epoxy Adhesives
Acrylic Adhesives
PUR Adhesives
Urethane Adhesives
Others
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Structutal Bonding Adhesives Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Structutal Bonding Adhesives Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Structutal Bonding Adhesives Market, By Type
6. Global Structutal Bonding Adhesives Market, By Application
7. Global Structutal Bonding Adhesives Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Structutal Bonding Adhesives Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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