How Has the Packaging Adhesives Market Evolved Historically and What is its Current Size?
The packaging adhesives market has seen considerable growth due to a variety of factors.
• In recent years, there has been a significant expansion in the size of the packaging adhesives market. It is projected to rise from $16.53 billion in 2024 to $17.47 billion in 2025, with a compound annual growth rate (CAGR) of 5.7%.
Factors driving the growth during the historic period include the emergence of e-commerce, increasing focus on sustainable and eco-friendly adhesives, enhanced safety issues surrounding food and beverage packaging, consumer demand, sustainability trends, and regulatory compliance.
What Is The Projected Growth Of The Packaging Adhesives Template Market?
The packaging adhesives market is expected to maintain its strong growth trajectory in upcoming years.
• In the upcoming years, a consistent increase is projected in the packaging adhesives market size, with anticipated growth to $20.7 billion in 2029, indicating a compound annual growth rate (CAGR) of 4.3%.
The acceleration during the forecast period can be credited to factors such as augmenting demand for packaging in the food sector, increasing emphasis on sustainability specifications, advancement in packaging industry technology, rising request for flexible, rigid, and semi-rigid packaging, and the surging demand for environment-friendly adhesives. E-commerce influence, technological advancements, sustainability, geographical supremacy, and regulatory influence represent major trends in the forecast period.
What Are The Key Drivers Fueling Growth In The Packaging Adhesives Market?
Advancements in the e-commerce sector are predicted to fuel the expansion of the packaging adhesives market. Essentially, e-commerce is the online buying and selling of commodities and services. Packaging adhesives play a critical role in the e-commerce industry by providing robust and effective order fulfilment packaging solutions. For instance, the International Trade Administration, a U.S government organization, stated in November 2023 that there is an anticipation of an average yearly growth rate of 12.6% in UK's e-commerce revenues by 2025. Moreover, as per January 2021 data, e-commerce transactions constituted 36.3% of UK's total retail industry, with the projection to rise to $285.60 billion by 2025. As a result, the packaging adhesives market's growth is bolstered by the e-commerce industry's expansion.
What Are The Principal Market Segments In The Global Packaging Adhesives Industry?
The packaging adhesives market covered in this report is segmented –
1) By Technology: Water-Based, Solvent-Based, Hot Melt
2) By Resins: Poly Vinyl Acetate (PVA), Acrylics, Polyurethane, Other Resins
3) By Application: Flexible Packaging, Folding Box And Cartons, Sealing, Labels And Tapes, Other Applications
Subsegments:
1) By Water-Based Adhesives: Acrylic Adhesives, Polyvinyl Acetate (PVA) Adhesives, Ethylene Vinyl Acetate (EVA) Adhesives, Starch-Based Adhesives
2) By Solvent-Based Adhesives: Natural Rubber Adhesives, Synthetic Rubber Adhesives, Vinyl Acetate-Based Adhesives, Polyurethane Adhesives
3) By Hot Melt Adhesives: Ethylene Vinyl Acetate (EVA) Hot Melt Adhesives, Polyamide Hot Melt Adhesives, Polyurethane Hot Melt Adhesives, Rubber-Based Hot Melt Adhesives
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How Are Emerging Trends Reshaping The Dynamics Of The Packaging Adhesives Market?
Leading packaging adhesives market players are currently focused on devising innovative solutions, for instance, the sustainable flexible packaging adhesives, to acquire a competitive advantage in the industry. These sustainable flexible packaging adhesives are environmentally friendly and tailored for usage in versatile packaging applications. As an example, Henkel, a German chemicals corporation, introduced a RE product line of adhesives and coatings in May 2022. These products are exclusively crafted for recycling and supporting the development of sustainable, flexible packaging during the design phase. Products like Loctite Liofol LA 7818 RE/6231 RE and Loctite Liofol LA 7102 RE/6902 RE, which belong to the RE series, are solvent-free adhesives intended for use in flexible packaging, enhancing the process of packaging recycling. Recognized for their recyclability by RecyClass, a comprehensive industry program advocating the recyclability of plastic packaging and ensuring the traceability, transparency of recycled plastic materials in Europe, these innovative, solvent-free adhesives underwent extensive testing following strict scientific methods to achieve RecyClass certification, thereby validating their compatibility with the packaging recycling process.
Who Are the Key Players In The Packaging Adhesives Market?
Major companies operating in the packaging adhesives market report are:
• BASF SE
• The Dow Chemical Company
• 3M Company
• Henkel AG & Company KGaA
• Illinois Tool Works Inc.
• DowDuPont Inc.
• Arkema S.A.
• AkzoNobel N.V.
• Eastman Chemical Company
• Sika AG
• Avery Dennison Corporation
• Wacker Chemie AG
• Huntsman Corporation
• H.B. Fuller Company
• Ashland Inc.
• RPM International Inc.
• Sipchem
• Mapei S.p.A.
• Paramelt B.V.
• Scott Bader Company Ltd.
• Beardow Adams Group (Acquired by H.B. Fuller)
• Dymax Corporation
• Adhesives Research Inc.
• Super Glue Corporation
• Jowat SE
What Are The Regional Insights Into The Packaging Adhesives Market?
North America was the largest region in the packaging adhesives market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the packaging adhesives market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
