Booming E-Commerce Industry Driving Pressure-Sensitive Adhesives Market
The pressure-sensitive adhesives market is expected to reach $9,351.8 million by 2024 and demonstrate a CAGR of around 4% during 2019–2024. One of the most-significant factors pushing this market toward prosperity is the growth in the e-commerce industry across the globe. Moreover, due to the changing preferences of consumers and increasing purchasing power, the demand for packaging materials, such as paperboards, is rising. This is itself due to the booming e-commerce industry, the share of which in global retail sales is increasing every year. Lately, online sales of fast-moving consumer goods (FMCG), stationery products, and electronic goods have increased. FMCG products create a high demand for packaging, which has been steadily rising since the introduction of e-commerce. Hence, the rapid growth of the e-commerce industry across the globe is propelling the pressure-sensitive adhesives market by driving the demand for packaging. This is because governments mandate FMCG companies t...