Packaging Adhesives Market Size, Share, Analysis, Trends, Growth, Forecasts, 2032

Global Packaging Adhesives Market: Insights

According to a report from Zion Market Research, the global Packaging Adhesives Market was valued at USD 15.43 Billion in 2023 and is projected to hit USD 21.49 Billion by 2032, with a compound annual growth rate (CAGR) of 3.4% during the forecast period 2024-2032. This report explores market strengths, weakness, opportunities, and threats. It also provides valuable insights into the market's growth drivers, challenges, and the future prospects that may emerge in the Packaging Adhesives industry over the next decade.

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Global Packaging Adhesives Market: Overview

Adhesives are materials that are utilized for attaching more than two surfaces. Apparently, raw substances for adhesives include polymeric substances that occur naturally like polyurethane, polyvinyl acetate, polyvinyl alcohol, cellulose, polychloroprene, and polyvinyl pyrrolidone. Moreover, packaging adhesives are manufactured with the assistance of myriad techniques including solvent-based and water-based techniques. Apart from this, these products are utilized in flexible packaging and specialty packaging. Massive requirement of eco-friendly products has resulted in growing popularity of packaging adhesives across the globe, thereby steering the market trends.

Global Packaging Adhesives Market: Growth Factors

Beneficial features like peel stress, tackiness, resistance to extreme temperatures, and curing conditions along with need for improving performance under different conditions will create lucrative growth avenues for the packaging adhesives industry over the forthcoming years. Escalating product demand in food & beverages industry is anticipated to steer the business growth over the forecast timeline. Apart from this, rapidly thriving packaging sector will create new growth avenues for the packaging adhesive industry over the forecast timespan.

Key Insights

• As per the analysis shared by our research analyst, the global Packaging Adhesives Market is estimated to grow annually at a CAGR of around 3.4% over the forecast period (2024-2032).
• In terms of revenue, the global Packaging Adhesives Market size was valued at around USD 15.43 Billion in 2023 and is projected to reach USD 21.49 Billion by 2032.
• Based on the technology, Among the various technologies used in packaging adhesives, water-based adhesives dominate the market. Their dominance is attributed to their eco-friendly nature, low volatile organic compound (VOC) emissions, and strong bonding capabilities, which make them ideal for food packaging and other consumer goods. Additionally, regulatory pressures and a growing preference for sustainable solutions have further driven the adoption of water-based adhesives over solvent-based and hot-melt alternatives.
• Based on the application, In terms of application, the flexible packaging segment holds the largest share of the market. This dominance is fueled by the growing demand from the food and beverage industry, where flexible packaging offers benefits such as extended shelf life, convenience, and reduced material usage. The rise of e-commerce and consumer preference for lightweight, resealable, and easy-to-handle packaging options has also contributed to the significant growth of this segment.
• Based on the region, Asia-Pacific is the most dominant region in the global packaging adhesives market, driven by rapid industrialization, population growth, and the expansion of the food, beverage, and pharmaceutical sectors. Countries like China and India are major contributors due to increased consumer spending, urbanization, and growing demand for packaged goods. Additionally, the presence of a large manufacturing base and relatively low production costs further bolster the region's leadership in this market.

Global Packaging Adhesives Market: Report Scope

Increase in the capacity expansion by the product manufacturers along with escalating popularity of the product is anticipated to result into surge in the industry size over the upcoming years. Additionally, new processing techniques produced for enhancing the product shelf life will favorably leverage the packaged food sector and this, in turn, will accentuate the industry growth over forecast timeline.

Global Packaging Adhesives Market: Segmentation

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The global packaging adhesives market is bifurcated on the basis of technology, application, and regional analysis. All the segments have been analyzed based on present and future trends and the market is estimated from 2024 to 2032.

Based on technology, the market is divided into solvent-based, water-based, hot melt, and others.

Based on the application, the market is divided into folding cartons, flexible packaging, labeling, boxes & cases, and others.

The regional segment includes the current and forecast demand for North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.

Global Packaging Adhesives Market: Regional Insights

Request Free SampleNorth American Market To Register Highest Growth Over 2024 – 2032

The growth of the industry in the sub-continent over the forecast timeline is due to technological innovations witnessed in the packaging industry along with thriving flexible packaging activities in the countries like the U.S. and Canada. Apart from this, low product costs and massive demand for water-based packaging adhesives in the region will promulgate the market penetration in North America over the assessment timeline.

Global Packaging Adhesives Market: Competitive Players

Key participants profiled in the study include:

• Wacker Chemie
• Avery Dennison
• HB Fuller
• Sika
• Paramelt
• Bostik
• 3M
• Jowat Corp
• Dymax
• Henkel
• Ashland.

Global Packaging Adhesives Market: Segmentation

The global packaging adhesives market is segmented as follows:

By Technology:

• Solvent-based
• Water-based
• Hot melt
• Others

By Application:

• Folding cartons
• Flexible packaging
• Labeling
• Boxes & cases
• Others

Global Packaging Adhesives Market: Regional Segment Analysis

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa