According to TechSci Research report, “Packaging Adhesives Market – Global Industry Size, Share, Trends, Competition Forecast & Opportunities, 2028”, the Global Packaging Adhesives Market stood at USD 14.34 billion in 2022 and is anticipated to grow with a CAGR of 3.20% in the forecast period, 2024-2028. Packaging adhesives hold immense significance in delivering strong adhesive solutions that meet the stringent requirements of a diverse range of applications found in various end-use products like boxes and cartons.
These adhesives come in diverse formulations, with water-based adhesives being a notable example. These adhesives are created through the combination of water, polymers, and additives. The surging consumer demand for packaged food items is poised to drive the expansion of the market. Packaged food products offer the advantage of prolonged shelf life at room temperatures, facilitating convenient and hassle-free consumption.
Within the realm of packaged food, flexible packaging has garnered significant attention, and the escalating utilization of adhesives in its production is projected to be a driving force behind the market’s growth throughout the forecast period. Flexible packaging is engineered by melding multiple layers of polymers to confer mechanical strength and printability to the final product.
These diverse polymer layers are extruded to form a multilayer film in a single manufacturing process, leading to reduced production time and cost efficiency. The merits are anticipated to surge the demand for flexible packaging in the anticipated future, thereby exerting a positive impact on the consumption of packaging adhesives.
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Furthermore, the emphasis of key market players on e-commerce and the digitalization of technology is expected to positively influence the need for flexible packaging solutions. Retailers engage with customers to generate revenue through sales. Similarly, manufacturers also participate in the retail sector by directly selling to customers via online e-commerce platforms.
Global Packaging Adhesives Market is segmented into technology, resin, application, regional distribution, and company
Based on its technology, the water-borne segment has emerged as the predominant market leader. Water-based adhesives, renowned for their superior resistance to moisture in comparison to other adhesive varieties, exhibit direct solubility in water. Among the frequently employed water-based adhesives in diverse industrial applications, notable examples include PVA, gluten, starch, skin, and casein. The evolution of technology has greatly expanded the scope of applications for these adhesive offerings. The realm of water-based adhesives encompasses two primary classifications: solutions and latexes. Solutions are created from materials that are exclusively soluble in water or alkaline water mediums, encompassing substances like starch, dextrin, blood albumen, methylcellulose, and polyvinyl alcohol. Conversely, latex pertains to a stable dispersion of a polymeric substance within an aqueous environment. Latex exhibits enhanced stability when compared to solution-based adhesives, rendering it a swifter substitute for solvent-based alternatives.
Additionally, solvent-based products are crafted by blending adhesive materials with suitable solvents to formulate efficacious polymer solutions for adhesion. These high-performance products are achieved by harmonizing the stable molecular structure of the polymer with a compatible solvent. However, the mounting environmental concerns linked to the emission of volatile organic compounds (VOCs) are projected to hinder the growth trajectory of solvent-based adhesives in the foreseeable future.
Furthermore, hot-melt offerings hold significant prominence in packaging applications due to their exceptional inherent attributes, notably their capability for instantaneous bonding. Differing from water-based and solvent-based counterparts, hot-melt solutions are particularly well-suited for packaging applications that demand rapid bond formation. These solutions offer advantages such as ease of application and expedited processing.
Based on resin, the polyvinyl acetate (PVA) segment commands the highest share of revenue. PVA adhesives showcase remarkable versatility, finding utility in bonding a wide spectrum of substrates commonly encountered in packaging, encompassing paper, cardboard, wood, and select plastics. This adaptability renders PVA adhesives suitable for an array of packaging applications. Managing PVA adhesives is typically hassle-free, and their application is user-friendly in packaging operations.
They can be employed through diverse techniques, including spraying, roller coating, and brushing. PVA adhesives exhibit a relatively swift drying period, facilitating efficient production procedures. This rapid drying quality proves especially advantageous for high-speed packaging lines where prompt assembly holds paramount importance. Additionally, these adhesives manifest commendable initial bond strength, positioning them well for applications necessitating prompt adhesion. They establish robust bonds with diverse substrates, safeguarding the structural integrity of the packaging. Moreover, these adhesives offer a measure of flexibility and elasticity upon drying. This flexibility can accommodate the movement and stresses that packaging materials might undergo during transportation and handling.
Based on application, the flexible packaging segment commands the highest share of revenue. Adhesives applied in the realm of flexible packaging demonstrate efficiency across a diverse array of processes, including heat and cold sealing, lidding, lamination, blister packaging, horizontal flow packaging, and fill packaging. The upsurge in the demand for flexible packaging is intimately intertwined with the burgeoning requirements of the food and beverage sector. Moreover, there is a noteworthy surge in the adoption of water-based adhesives within the labeling domain, primarily driven by their eco-friendly attributes.
These adhesives are meticulously crafted using naturally occurring and soluble synthetic polymers, expertly tailored to meet the demands of labeling and bonding applications. In the sphere of packaging, transparent labels are progressively taking precedence over traditional inks for the purpose of container tagging. As the appetite for labels continues to escalate, the demand for these adhesives is poised to witness a marked upswing in the imminent years.
Based on region, North America took center stage as the leading contender in the Global Packaging Adhesives Market. The region is experiencing a significant upswing in the demand for water-based adhesives, primarily propelled by the rapid progress in technology, the embrace of bio-based raw materials, and the integration of innovative techniques. Additionally, the cost-effectiveness and user-friendly application of water-based adhesives through techniques such as roller-coating, screen-printing, and spraying are anticipated to further bolster their adoption in the coming years.
Moreover, the Asia Pacific region is anticipated to showcase the most rapid growth rate in the forecast period. This surge can be accredited to evolving lifestyles, an upward trend in disposable incomes, and a burgeoning population, with China and India emerging as prominent players. This demographic transformation is triggering an increased appetite for packaged food items. The rising production of packaged food and beverages within the region is expected to be a substantial driving force for the market’s expansion in the foreseeable future.
Major companies operating in the Global Packaging Adhesives Market are:
- 3M Co.
- Arkema Group (Bostik)
- Avery Dennison Corporation
- Ashland Inc
- Dow Chemical Company
- Henkel AG & Co. KGaA
- H.B. Fuller Company
- Jowat SE
- Paramelt RMC B.V.
- Wacker Chemie AG
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“The ascent of e-commerce and digital retail has triggered an upswing in the need for sturdy packaging solutions. Packaging adhesives tailored for e-commerce applications must be equipped to tackle the hurdles posed by extended shipping distances, fluctuating weather conditions, and rugged handling. Adhesives employed in this sphere are expected to offer robust bonding attributes to thwart any tampering with packages and guarantee the security of products. In response, manufacturers are actively formulating adhesives with heightened flexibility, endurance, and resilience against external influences, precisely addressing the distinct demands of the e-commerce industry creates a lucrative opportunity in market growth,” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based management consulting firm.
“Packaging Adhesives By Technology (Water-based, Solvent-Based, Hot Melt, Others), By Resins (PVA, Acrylics, Polyurethane, Others), By Application (Cases & Carton, Corrugated Packaging, Labeling, Flexible Packaging, Folding Cartons, Speciality Packaging, Others), By Region, By Competition Forecast & Opportunities, 2018-2028F”, has evaluated the future growth potential of Global Packaging Adhesives Market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in the Global Packaging Adhesives Market.
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Table of Content-Packaging Adhesives Market
- Product Overview
1.1. Market Definition
1.2. Scope of the Market
1.2.1. Markets Covered
1.2.2. Years Considered for Study
1.2.3. Key Market Segmentations
- Research Methodology
2.1. Objective of the Study
2.2. Baseline Methodology
2.3. Key Industry Partners
2.4. Major Association and Secondary Applications
2.5. Forecasting Methodology
2.6. Data Triangulation & Validation
2.7. Assumptions and Limitations
- Executive Summary
3.1. Overview of the Market
3.2. Overview of Key Market Segmentations
3.3. Overview of Key Market Players
3.4. Overview of Key Regions/Countries
3.5. Overview of Market Drivers, Challenges, Trends
- Impact of COVID-19 on Global Packaging Adhesives Market
- Voice of Customer
- Global Packaging Adhesives Market Outlook
6.1. Market Size & Forecast
6.1.1. By Value & Volume
6.2. Market Share & Forecast
6.2.1. By Technology (Water-based, Solvent-Based, Hot Melt, Others)
6.2.2. By Resins (PVA, Acrylics, Polyurethane, Others)
6.2.3. By Application (Cases & Carton, Corrugated Packaging, Labeling, Flexible Packaging, Folding Cartons, Speciality Packaging, Others)
6.2.4. By Region
6.2.5. By Company (2022)
6.3. Market Map
- Asia Pacific Packaging Adhesives Market Outlook
7.1. Market Size & Forecast
7.1.1. By Value & Volume
7.2. Market Share & Forecast
7.2.1. By Technology
7.2.2. By Resins
7.2.3. By Application
7.2.4. By Country
7.3. Asia Pacific: Country Analysis
7.3.1. China Packaging Adhesives Market Outlook
7.3.1.1. Market Size & Forecast
7.3.1.1.1. By Value & Volume
7.3.1.2. Market Share & Forecast
7.3.1.2.1. By Technology
7.3.1.2.2. By Resins
7.3.1.2.3. By Application
7.3.2. India Packaging Adhesives Market Outlook
7.3.2.1. Market Size & Forecast
7.3.2.1.1. By Value & Volume
7.3.2.2. Market Share & Forecast
7.3.2.2.1. By Technology
7.3.2.2.2. By Resins
7.3.2.2.3. By Application
7.3.3. Australia Packaging Adhesives Market Outlook
7.3.3.1. Market Size & Forecast
7.3.3.1.1. By Value & Volume
7.3.3.2. Market Share & Forecast
7.3.3.2.1. By Technology
7.3.3.2.2. By Resins
7.3.3.2.3. By Application
