The According to a market research report, the Packaging Adhesives Market by Resin Type (Polyurethane, Acrylics, PVA), Technology (Solvent-based, Water-Based, Hot-Melt), Application (Case & Carton, Corrugated Packaging, Labeling, Flexible Packaging, Folding Cartons), and Region – Global Forecast to 2028″, exhibits high growth potential and is projected to reach a market size of USD 18.6 billion by 2028 from USD 15.3 billion in 2022, at a CAGR of 3.2%. North America is the largest packaging adhesives market that is projected to register 2.6% CAGR. This high growth is due to the growing demand from the packaging industry. There is rising awareness about the use of eco-friendly adhesives in this region.
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- 274 Market data Tables
- 57 Figures
- 290 Pages and in-depth TOC on “Packaging Adhesives Market – Global Forecast to 2028”
This report also provides a comprehensive analysis of the companies listed below:
The major Players in packaging adhesives market include Henkel AG (Germany), 3M (US), H.B. Fuller (US), The Dow Chemical Company (US), Arkema S.A. (France), Avery Dennison Corporation (US), Sika AG (Switzerland), Wacker Chemie AG (Germany), DIC Corporation (Japan), DuPont (US) and others.
Merger & acquisitions, investments & expansions, partnerships & collaborations, and new product developments are some of the major strategies adopted by these key players to enhance their positions in the packaging adhesives market.
Recent Developments in Packaging Adhesives Market
- In November 2022, Henkel AG went into a strategic partnership cyclos-HTP Institute (CHI), a specialized company in classification, assessment, and certification of recyclability of packaging and goods. This will include access to in-house testing and certification, joint material science R&D.
- In Septembber 2022, Henkel acquires advanced materials start-up NBD Nanotechnologies Inc., US-based advanced materials company. This acquisition Henkel aims to strengthen the position of its Adhesive Technologies business unit in the area of functional coatings.
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As a global adhesive technologies company. Henkel AG operates in wide range of business segments, including as adhesive technologies, laundry & home care, beauty care, and corporate. Globally, Henkel’s adhesive technologies segment is a market leader in diverse end-use industries across North America, Latin America, Asia Pacific, Europe, and the Middle East & Africa.
3M offers products, including adhesives, bonding materials, coatings, and specialty materials. The company has four business segments, namely, safety & industrial, transportation & electronics, healthcare, and consumer. As part of its safety & industrial and consumer segments, The company manufactures packaging adhesives for various applications. With production sites in 70 countries worldwide, it serves customers in approximately 200 countries in the Asia Pacific, Americas, Europe, and the Middle East & Africa.
Asia Pacific is second fastest growing market and is likely to continue in the foreseeable future. The expansion is ascribed to the substantial demand from the growing packaging and e-commerce industries. The market has been growing as a result of increased packaged products consumption, online shopping, widened manufacturing, and the demand for creative and environmentally friendly packaging. The need for packaged food, beverages, personal care items, and other consumer goods has increased due to the region’s expanding population, rising disposable income, and changing lifestyle, which has raised the demand for packaging adhesives.
The markets in Asia Pacific is in the growth phase, where manufacturers compete with each other with very similar product offerings. The growth in the developing co\\\ untries and increasing demand for sustainable products in these countries is expected to drive the market, globally, during the forecast period.
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