The growing usage of packaging adhesives in flexible packaging, paper & board packaging, and rigid packaging is anticipated to strengthen the market growth. The Global Packaging Adhesives Market is expected to reach USD 10.11 billion by 2025, according to a new report by Grand View Research, Inc.
Increasing demand for packaged food products and organized retailing has resulted in heightened demand for folding cartons. In an attempt to lure more consumers, food vendors are offering products with longer shelf life, which come in an attractive packaging. Folding carton packaging is witnessing maximum demand from the food and beverage industry.
The rising demand for labeling is expected to spur the market growth of application segment over the forecast period. Labeling adhesives application ensure reliable bonding properties on various surfaces for different machines. This is expected to boost the market growth over the forecast period.
Asia Pacific is anticipated to be a key consumer of packaging adhesives over the forecast period owing to numerous technological innovations such as the hot-melt technology, which is designed to enhance the productivity of packaging adhesives.
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The key industry participants are also involved in the development of innovative adhesive products through R&D and technical expertise, which in turn is expected to drive the industrial adhesive solutions.
Top Players of Packaging Adhesives Market:
Some of the major players in the industry include H.B. Fuller, 3M Company, Sika AG, The DOW Chemical Company, Bostik SA (An Arkema Company), Henkel AG & Co. KGaA, Royal Adhesives & Sealants, Jowat SE, Dymax Corporation, and Avery Dennison Corporation.
Market Segmentation of Packaging Adhesives Market:
The Global Packaging Adhesive Market segmented on the basis of Technology, Application, and Region.
By Technology:
Water-based
Solvent-based
Hot Melt
By Application:
Flexible Packaging
Folding Carton
Case & Carton
Labeling
By Region:
North America
Europe
Asia Pacific
Middle East & Africa
Central & South America
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