Pressure Sensitive Adhesives Market to Reach $16B by 2029
The global pressure sensitive adhesives (PSA) market is projected to grow from USD 13.8 billion in 2024 to USD 16.0 billion by 2029, at a compound annual growth rate (CAGR) of 3.0%, according to the latest market report. The growth is driven by rising demand across packaging, labels, tapes, graphics, and medical applications, fueled by expanding end-use sectors including food & beverages, consumer goods, automotive, and healthcare. The increasing need for lightweight, flexible, and easy-to-apply bonding solutions, combined with the surge in e-commerce packaging, is further boosting market expansion.
The market is segmented by chemistry (acrylic, rubber, silicone), technology (water-based, solvent-based, hot-melt), application (tapes, labels, graphics), and end-use industries (packaging, automotive, healthcare, and more). Key players shaping the global PSA market include Henkel AG & Co. KGaA (Germany), Dow (US), Avery Dennison (US), H.B. Fuller (US), 3M (US), Arkema S.A. (France), among others.
Market Dynamics:
- Driver: Rising demand from the packaging sector
- Restraint: Price volatility of raw materials
- Opportunity: Substitutes for traditional fastening systems
- Challenge: Stringent regulations impacting production and application
Study Objectives:
The report aims to define, segment, and forecast the PSA market by chemistry, technology, application, end-use industry, and region. It evaluates growth across North America, Europe, Asia Pacific, South America, and Middle East & Africa, along with country-level insights. Additionally, it analyzes key market drivers, restraints, opportunities, and challenges; technological developments; product launches; and competitive positioning of leading players.
By offering detailed market sizing, trends, and corporate strategies, the study provides a comprehensive reference for manufacturers, suppliers, and investors looking to navigate a rapidly evolving adhesives market.