Packaging Adhesives Market Expansion 2024-2033: Growth Drivers and Dynamics

 

The packaging adhesives global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.

Packaging Adhesives Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.

Market Size -
The packaging adhesives market size hasgrown strongly in recent years. It will grow from $15.62 billion in 2023 to $16.53 billion in 2024 at a compound annual growth rate (CAGR) of 5.8%.  The growth in the historic period can be attributed to rise of e-commerce, growing emphasis on sustainable and eco-friendly adhesives, rising safety challenges in food and beverage packaging, consumer demand and sustainability trend, and regulations and compliance.

The packaging adhesives market size is expected to see steady growth in the next few years. It will grow to $19.86 billion in 2028 at a compound annual growth rate (CAGR) of 4.7%.  The growth in the forecast period can be attributed to Rising demand for packaging in the food industry, Growing focus on sustainability requirements, technological advancements in the packaging industry, Increasing demand for flexible, rigid, and semi-rigid packaging, and growing demand for eco-friendly adhesives. Major trends in the forecast period include e-commerce impact, technological advancements, sustainability, geographical dominance, and regulatory impact.

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Scope Of Packaging Adhesives Market
The Business Research Company's reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market's historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.

Packaging Adhesives Market Overview

Market Drivers -
The growth of the e-commerce industry is expected to propel the growth of the packaging adhesives market going forward. E-commerce, or electronic commerce, refers to the trading of goods and services on the Internet. Packaging adhesive is used in the e-commerce sector to provide reliable and efficient packaging solutions for order fulfillment. For instance, in November 2023, according to the International Trade Administration, a US-based government agency, eCommerce revenues in the UK are expected to have an annual average growth rate of 12.6% by 2025, and as of January 2021, consumer eCommerce accounted for 36.3% of the UK's overall retail industry, and expected to reach $285.60 billion by 2025. Therefore, the growth of the e-commerce industry is driving the growth of the packaging adhesives market.

Market Trends -
Major companies operating in the packaging adhesives market are focused on developing innovative solutions, such as sustainable flexible packaging adhesives, to gain a competitive edge in the market. Sustainable flexible packaging adhesives are eco-friendly adhesives specifically designed for use in flexible packaging applications. For instance, in May 2022, Henkel, a Germany-based chemicals company, launched a new RE range of adhesives and coatings specifically designed for recycling and enabling the creation of sustainable, flexible packaging at the design phase. Loctite Liofol LA 7818 RE/6231 RE and Loctite Liofol LA 7102 RE/6902 RE have been launched under the RE series, which are solvent-free adhesives designed for use in flexible packaging and to enable improved packaging recycling. The systems have also been acknowledged for their recyclability by RecyClass, a broad industry-wide program that promotes the recyclability of plastic packaging and guarantees the traceability and transparency of recycled plastic material in Europe. These ground-breaking solvent-free adhesives underwent rigorous testing in compliance with rigorous scientific methods to obtain RecyClass approval, demonstrating their compatibility with the package recycling procedure.

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

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Regional Insights -
North America was the largest region in the packaging adhesives market in 2023. 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.

Key Companies -
BASF SE, The Dow Checimal 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

Table of Contents
1. Executive Summary
2. Packaging Adhesives Market Report Structure
3. Packaging Adhesives Market Trends And Strategies
4. Packaging Adhesives Market – Macro Economic Scenario
5. Packaging Adhesives Market Size And Growth
…..
27. Packaging Adhesives Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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