IMARC Group, a leading market research company, has recently released a report titled “Packaging Adhesives Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global packaging adhesives market report, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
Packaging adhesives represent the sticking agents used to bind two or more pieces of wrapping materials together. They comprise solvent-based, water-based, and hot-melt adhesives. Water-based adhesives are utilized for porous or non-porous substrates, including starch, dextrin, and polyvinyl alcohol (PVA), while solvent-based adhesives are used for plastic applications. Hot-melt adhesives, or hot glue, are thermoplastic-based adhesives that turn liquid upon heating. They are mainly utilized for wrapping cases, cartons, and flexible packaging. These adhesives are manufactured using natural and synthetic polymers, such as polychloroprene, polyvinyl acetate, polyurethane, and polyvinyl pyrrolidone.
How big is the global packaging adhesives market?
The global packaging adhesives market size reached US$ 12.5 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 16.9 Billion by 2028, exhibiting a growth rate (CAGR) of 4.9% during 2023-2028.
Current Trends Shaping the Global Packaging Adhesives Market
The growing food and beverage (F&B) sector is among the key factors driving the packaging adhesives market. Moreover, the rising usage of these adhesives for rigid food boxes and for sealing paper cartons and cases to store numerous food products is also stimulating the global market. Besides this, the increasing utilization of packaging adhesives in the pharmaceutical industry to seal medical equipment to maintain the sterility of the items and protect the medicines from bacterial contamination is acting as another significant growth-inducing factor.
Furthermore, the development of advanced water-based transparent adhesives that are used for sticking colored and clear labels on several products is further propelling the market growth. Apart from this, the shifting preferences of the masses for sustainable compounds in packing adhesives that can be used on recyclable products are positively influencing the global market. Additionally, extensive research and development (R&D) activities to enhance the durability and versatility of the adhesives are anticipated to fuel the packaging adhesives market over the forecasted period.
Request your free sample copy of this report:- https://www.imarcgroup.com/packaging-adhesives-market/requestsample
Who are the key players operating in the industry?
The report covers the major market players including:
- 3M, Arkema Group,
- Ashland Inc.,
- Avery Dennison Corporation,
- Dymax Corporation,
- H.B. Fuller Company,
- Henkel AG & Co. KGaA,
- Jowat SE,
- Paramelt RMC B.V.,
- Sika AG,
- The DOW Chemical Company,
- Wacker Chemie AG, etc.
Click here to view detailed information with table of content: https://www.imarcgroup.com/packaging-adhesives-market
What is included in market segmentation?
The report has segmented the market into the following categories:
Breakup by Type:
- Water-based Adhesives
- Solvent-based Adhesives
- Hot-melt Adhesives
- Others
Breakup by Substrate Material Type:
- Acrylics
- Polyurethane
- Polyvinyl Chloride
- Polypropylene
- Others
Breakup by Packaging Type:
- Flexible Packaging
- Folding Cartons
- Boxes & Cases
- Labeling
- Others
Breakup by End-Use Industry:
- Food & Beverages
- Cosmetics
- Healthcare
- Others
Market Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa
Media Contact
Company Name: IMARC Group
Contact Person: Elena Anderson
Email: Send Email
Phone: +1-631-791-1145
Address:134 N 4th St.
City: Brooklyn
State: NY
Country: United States
Website: https://www.imarcgroup.com