Packaging Adhesives Market, By Technology (Water-based, Solvent-based, Hot Melt, and Others), By Application (Corrugated Packaging, Labeling, Flexible Packaging Case & Carton, Folding Cartons, Specialty Packaging, and Others), and By Region (North America, Latin America, Asia Pacific, Europe, Middle East, and Africa) - Size, Share, Outlook, and Opportunity Analysis, 2022 - 2030

Published In : Jan 2023

Code : CMI2194

Pages :127

Formats :

Excel and PDF

Industry : Bulk Chemicals

Packaging Adhesives MarketSize and Trends

Global packaging adhesives market was valued at US$ 7.57 Bn in 2021 in terms of revenue, exhibiting a CAGR of 6.04 % during the forecast period (2022 to 2030).

With the growth in the food processing sector, the demand for packaging adhesives is expected to surge in near future. Thus, the high demand for packaging in food packaging is propelling the growth and is expected to account for a significant share of the packaging adhesives market size.

Market Trends

Flexible Packaging Application to Witness the Highest Growth Rate

Flexible packaging is growing at an impressive rate, driven by consumer preferences shifting toward new attractive packages, ease of use, sustainability, and conscientious environmental ideals.

Laminating adhesives for flexible packaging are available in a variety of technologies, viscosities, and solids concentrations. There are four basic categories of laminating adhesives that are commonly used. These are waterborne, solvent-based, reactive 100% solid (solventless) liquid, and hot melt.

Solvent-based adhesives used in flexible packaging are generally two-component polyurethane laminating adhesives. These are designed for use in the dry lamination process.

Additionally, flexible packaging is also the biggest application type for VAE adhesives. Another large category is laminating applications due to their flexibility, moisture resistance, and superior substrate adhesion.

With the growing population in countries such as the U.S., China, and India, the requirement for food is increasing, thus resulting in increased demand for flexible packaging worldwide.

Asia Pacific to Dominate the Market

Asia Pacific accounts for the highest share of the global packaging adhesives market currently owing to the high demand from countries like China, Japan, India, etc.