The latest report by IMARC Group, titled “ Packaging Adhesives Market : Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028“, The global packaging adhesives market size reached US$ 12.5 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 16.9 Billion by 2028, exhibiting a growth rate (CAGR) of 4.9% during 2023-2028.
Packaging adhesives are essential components in the world of packaging and are integral to the assembly of various types of packaging materials. These adhesives play a crucial role in bonding, sealing, and securing packaging components, ensuring that the packaged products are protected and preserved throughout their journey from manufacturers to consumers. They are formulated to adhere to a wide range of substrates commonly used in packaging, such as paperboard, cardboard, plastics, metal, and glass. Packaging adhesives are employed in various forms, including hot melts, water-based, solvent-based, and reactive adhesives, catering to different packaging requirements and materials.
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Packaging Adhesives Market Trends and Drivers:
One of the primary drivers is the escalating demand for packaged goods across various sectors, including food and beverages, pharmaceuticals, consumer goods, and e-commerce. The shift in consumer preferences toward convenience and the increasing need for product safety and protection have led to a surge in packaging activities. This, in turn, has stimulated the demand for packaging adhesives, as they are fundamental in ensuring the integrity of packages, preventing leakage, and enhancing shelf life. Moreover, sustainability and environmental concerns are becoming paramount in the packaging industry. Companies are increasingly adopting eco-friendly packaging solutions to reduce their carbon footprint and meet regulatory requirements. Packaging adhesives are aligning with these sustainability goals by offering eco-conscious formulations that are free from harmful chemicals and solvents. In addition to sustainability, technological advancements are shaping the market. The introduction of advanced adhesive formulations with improved properties, such as faster curing times, enhanced bond strength, and resistance to extreme temperatures and humidity, is gaining traction. These innovations are enabling manufacturers to optimize their packaging processes, reduce production costs, and deliver higher-quality products to the market. Moreover, the e-commerce boom is another major driver fueling the demand for packaging adhesives. With the exponential growth of online shopping, there is a surge in demand for efficient and secure packaging solutions to ensure products are delivered intact to consumers’ doorsteps. Packaging adhesives play a pivotal role in sealing corrugated boxes, securing labels, and providing tamper-evident features, thereby bolstering the safety and trustworthiness of e-commerce packaging. As online retail continues to expand, the packaging adhesives market is poised for sustained growth.
Report Segmentation:
The report has segmented the market into the following categories:
Breakup by Type:
- Water-based Adhesives
- Solvent-based Adhesives
- Hot-melt Adhesives
- Others
Breakup by Substrate Material Type:
- Acrylics
- Polyurethane
- Polyvinyl Chloride
- Polypropylene
- Others
Breakup by Packaging Type:
- Flexible Packaging
- Folding Cartons
- Boxes & Cases
- Labeling
- Others
Breakup by End-Use Industry:
- Food & Beverages
- Cosmetics
- Healthcare
- Others
Market Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa
Competitive Landscape with Key Player:
- 3M
- Arkema Group
- Ashland Inc.
- Avery Dennison Corporation
- Dymax Corporation
- H.B. Fuller Company
- Henkel AG & Co. KGaA
- Jowat SE
- Paramelt RMC B.V.
- Sika AG
- The DOW Chemical Company
- Wacker Chemie AG
Note: If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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