Global packaging adhesives play a very crucial role in the food and beverages, pharmaceuticals, personal care, and consumer goods industries. The packaging adhesives protect the packaged products from damage due to hazards of safety, stability, and durability during transport, storage, and on display. The growth in the market is due to increasing demand for innovative packaging solutions, expansion of the e-commerce sector, and increasing environmental concerns to reduce plastic waste, all of which are shifting towards sustainable and eco-friendly adhesives. The global packaging adhesives market is expected to grow at a high-value CAGR of 7.5% during the next ten years, growing from its current market valuation of US$ 12.8 billion to US$ 26.5 billion at the end of 2033.
Get Free Sample Copy of This Report: https://www.factmr.com/connectus/sample?flag=S&rep_id=8255
Market Dynamics
The growth dynamics of the packaging adhesives market will be driven by various factors, such as impacting supply and demand and the growth pattern.
Growing E-commerce and Retail Demand: E-commerce has been rising globally, requiring more and more packaging. This has accelerated the demand for secure adhesives that can support complex packaging and deliver products safely to destinations, mainly in food, electronics, and personal care segments.
Trends in Sustainability: The increased awareness of environmental issues is clearing the way for biodegradable and water-based adhesives. There is increasing pressure from consumer activism and governments to reduce the pollutants in the environment through adhesives manufactured with low environmental impact, toxic-free, and recyclable.
Innovations in technology: Resultant current research in adhesives technologies has led to the development of high-performance, multi-functional adhesives. These bond materials offer better bonding strength, flexibility, resistance towards temperature and moisture changes as well as the possible chemical changes in the product packaging of various industries.
Price volatility in raw materials is also a concern because packaging adhesives are based on raw materials like polymers, resins, and synthetic rubbers. Their prices tend to shift drastically because of supply chain disruptions or market-related geopolitical tensions.
Regulations and Compliance: Adhesive products have to abide by a variety of health and safety regulations, especially in the food and pharmaceutical industries. Strict regulation in relation to chemical emissions and wastes force companies to be innovative toward non-toxic low VOC adhesives.
Key Companies Profiled
- Wacker Chemie
- Toyochem Co., Ltd.
- Jowat Corp
- Huntsman Corporation
- Paramelt
- Hitachi Chemical Company Ltd.
- Dymax
- Avery Dennison
Market Analysis
Hot Melt Adhesives Market Share Hot melt adhesives hold the largest market share in the packaging adhesives market owing to its fast rate of drying and bonding, which imparts a high strength of adhesion with polymers, papers, and metals. The food packaging industry uses hot melt adhesives mainly in flexible packaging.
Emerging Product Trends: Water-based adhesives are experiencing a rise because they are an environmentally friendly product. Water-based adhesives are being applied more widely for applications with the least possible environmental impact, like paperboard packaging and cartons.
Pharmaceutical and Food Industries: These are significant application areas of packaging adhesives. The demand for such sophisticated adhesives is stimulated by specialized packaging needs, for example, tamper-evident and moisture-resistant solutions.
Customization and Innovation: Market trends are highly on customized packaging solutions. Companies are investing in R&D to take care of specific packaging requirements, providing an opportunity for value-added adhesives with special properties like heat resistance or transparency.
Get Customization on this Report for Specific Research Solutions: https://www.factmr.com/connectus/sample?flag=RC&rep_id=8255
Competitive Landscape
The market has a strong presence of global and regional players. Companies focus more on product differentiation, sustainability initiatives, and expansion of production capacity. Mergers, acquisitions, and strategic partnerships become very common as enterprises grow and look to strengthen their grip and push into new areas of the market. For example, Henkel and H.B. Fuller continually invest in R&D in developing sustainable adhesive solutions, such as bio-based and recyclable adhesives; while others expand their product lines through acquisition.
It was May 2022 when Henkel introduced a new RE range of coatings and adhesives specifically tailored for recycling purposes. New product solutions of this kind facilitate the development of recyclable flexible packaging at the design stage.
Arkema announced in December 2021 that it acquired Permoseal in South Africa. The former is one of the leading global industries that help to solve the different tasks of construction, woodworking, and packaging sectors. Therefore, this acquisition will strengthen the presence of the organization in South Africa.
This is an increasingly dynamic, competitive environment with smaller regional players competing by offering lower-cost alternative eco-friendly adhesive solutions better suited to local markets.
About Fact.MR :
We are a trusted research partner of 80% of fortune 1000 companies across the globe. We are consistently growing in the field of market research with more than 1000 reports published every year. The dedicated team of 400-plus analysts and consultants is committed to achieving the utmost level of our client’s satisfaction.
Contact:
US Sales Office
11140 Rockville Pike
Suite 400 Rockville, MD 20852
United States Tel: +1 (628) 251-1583, +353-1-4434-232 (D)
Sales Team: sales@factmr.com
