Market Size
The global packaging adhesives market was valued at USD 17.45 billion in 2022 and is projected to reach USD 28.10 billion by 2031, registering a compound annual growth rate (CAGR) of 5.43% during the forecast period of 2023 to 2031.
Overview
Packaging adhesives are critical agents used in binding and sealing packaging materials, ensuring durability and reliability for a wide range of applications, including food, beverages, cosmetics, and personal care. These adhesives come in various forms, such as water-based, solvent-based, and hot-melt, catering to the diverse needs of the packaging industry.
Technological advancements, coupled with the growing demand for sustainable and flexible packaging solutions, are driving market growth. Additionally, the rise of e-commerce and increasing consumer awareness of food safety and quality are expected to bolster demand for innovative adhesive solutions.
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Market Scope
The market is driven by factors such as the growing food and beverage industry, advancements in the cosmetic and personal care sector, and the increasing penetration of e-commerce. However, the market faces challenges due to stringent government regulations regarding volatile organic compound (VOC) emissions and environmental concerns surrounding solvent-based adhesives. Despite these restraints, opportunities arise from heightened awareness of food safety and a shift toward environmentally friendly adhesive solutions.
Segmentation
- By Technology:
- Water-Based (Dominant, CAGR of 5.70%)
- Solvent-Based
- Hot-Melt
By Application:
-
- Flexible Packaging (Dominant, CAGR of 5.80%)
- Folding Boxes and Cartons
- Sealing
- Labels and Tapes
- Others
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Regional Analysis
- Asia-Pacific: The region dominates the global packaging adhesives market, with countries like China, Japan, and India contributing significantly. China’s burgeoning e-commerce sector and rising disposable income are major growth drivers. The region is expected to exhibit a CAGR of 5.84% during the forecast period.
- Europe: Estimated to grow at a CAGR of 5.18%, the region benefits from advancements in the healthcare and pharmaceutical sectors, particularly in Germany, which leads the medical devices market.
Key Players
- Henkel AG & Co. KGaA
- Dow
- H.B. Fuller
- Arkema (Bostik)
- Ashland
- 3M
- Avery Dennison
- Jowat SE
- Paramelt RMC B.V.
- Wacker Chemie AG
Recent Developments:
- October 2022: Henkel partnered with LyondellBasell to create hot-melt adhesives for resealable food containers.
- December 2022: Dow introduced solvent-free and water-borne packaging adhesives under its REVOLOOP platform, enhancing sustainability.
Get Related Press Release :
https://sites.google.com/view/consumerandpackageingresearchr/home/sex-toys-market-size
http://prsync.com/straits-research/sex-toys-industry-trends-and-market-forecast-to–4542019/
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