Packaging Adhesives Market Overview:

According to the USD Analytics published latest research report, the global “Packaging Adhesives Market” is expected to grow at a tremendous CAGR of 6.44% during the forecast period 2023-2030.

Packaging adhesives are made from various basic materials, including acrylic resins, styrene blocks, PU, PVAC, epoxy compounds, EVA, and silicones. Non-rigid bonding in textiles, flexible packing, and structural use for assembly processes to provide high bonding strength are the primary applications of the packaging adhesives industry.

The increase in the packaged food and beverage sector and rising consumer awareness of food safety are projected to drive the development of the packaging adhesives market during the forecast period. Furthermore, new experimentation and safety are expected to advance the packaging adhesives market.

Market Drivers:

High Demand for Packaging in Food Applications:

In the food business, packaging adhesives are in high demand. Packaging materials such as flexible, stiff, and semi-rigid may be widely employed in the food sector. Packaging is important in the packaging of frozen food, meat, poultry, fish, ready meals, dairy goods, and many other items. To keep the container in place and closed, adhesives are used. They form a strong adhesive between the two surfaces, allowing the food to stay fresher for longer.

As a result, the spike in demand from the food sector is propelling the packaging adhesive market forward. The packaging sector in India is predicted to reach US$ 204.81 billion by 2025, according to the India Brand Equity Foundation (IBEF), with food processing being the top packaging consumer. The need for packaging adhesives is likely to rise in the near future as the food processing industry expands. As a result, the rising demand for packaging in food packaging is pushing development and is predicted to account for a sizable portion of the packaging adhesives market size.

Personal Care and Cosmetics Industry Expansion:

The cosmetic and personal care market is now booming to a consumer preference for self-care and an increase in disposable money. These items are mostly found in pharmacy and department store health and beauty sections. Shampoo, gels, deodorants, and other cosmetics are easily identifiable because of their appealing packaging. Furthermore, the availability of these items on e-commerce platforms necessitates packaging solutions.

As a result, rising packaging demand raises the need for packaging adhesives. According to the Personal Care Association of Europe, skincare products with a market value of US$ 23.74 billion had the largest proportion of the European cosmetics industry in key nations such as Germany, France, the United Kingdom, Spain, and Italy in 2020. As a result, the expansion of the personal care and cosmetics industries is propelling the packaging adhesives market.

Market Restraints:

The growth in the need for flexible, rigid, and semi-rigid packaging in a variety of applications is driving up demand for packaging adhesives. The firms are also active in the development of ecologically friendly adhesives. However, these adhesives have a few drawbacks that may reduce their demand. Few adhesives adhere to the surface of the packaging and form a bond line, decreasing the product’s visual attractiveness.

The glue that adheres too rapidly must be applied the first time, or the appearance of the product package appropriately will suffer. Given the weather conditions, selecting appropriate adhesives is critical. As a result, the aforementioned issues may impede market expansion.

Market Trends:

Flexible Packaging Application to Witness the Highest Growth Rate

Flexible packaging is expanding at a rapid pace, driven by customer desires for more appealing products, convenience of use, sustainability, and environmentally conscious principles. Flexible packaging laminating adhesives are available in a range of technologies, viscosities, and solids concentrations. Laminating adhesives are classified into four primary types that are regularly used. These are solvent-based, waterborne, reactive 100% solid (solventless) liquids, and hot melt.

The majority of solvent-based adhesives used in flexible packaging are two-component polyurethane laminating adhesives. These are made to be used in the dry laminating process.

Furthermore, flexible packaging is the most common use for VAE adhesives. Laminating applications are another major category owing to their flexibility, moisture resistance, and excellent substrate adherence.

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Covid-19 Impact Analysis:

The COVID-19 pandemic has significantly impacted market demand, limiting industry growth potential. Stagnant enterprises in many sectors are likely to have the opposite impact on market growth. With key market shareholders such as China and India, the Asia Pacific market is likely to grow at a quick rate in the future years.

Recent Industry Developments:

• Henkel debuted a new RE line of adhesives and coatings in May 2022 that are specially intended for recycling and allow the construction of sustainable, flexible packaging throughout the design process.
• Arkema announced the purchase of Ashland Inc’s performance adhesives division in February 2022. Ashland offers pressure-sensitive adhesives for decorative and protective applications. The firm provides a variety of adhesives for flexible packaging.
• Arkema announced the purchase of Permoseal in South Africa in December 2021, one of the key manufacturers of adhesive solutions for packaging, woodworking, and construction. This would aid the company’s expansion in South Africa.

Segmentation Analysis:

As per the research analysis, the global packaging adhesives market is segmented by technology into Water-based, Solvent-based, and Hot-melt; by application into Flexible Packaging, Folding Boxes and Cartons, Sealing, Labels and Tapes, and Other Applications.

Flexible Packaging Application to Witness the Highest Growth Rate

Flexible packaging is expanding at a rapid pace, driven by customer desires for more appealing products, convenience of use, sustainability, and environmentally conscious principles. Flexible packaging laminating adhesives are available in a variety of technologies, viscosities, and solids concentrations. Laminating adhesives are classified into four primary types that are regularly used. These are solvent-based, waterborne, reactive 100% solid (solventless) liquids, and hot melt.

The majority of solvent-based adhesives used in flexible packaging are two-component polyurethane laminating adhesives. These are made to be used in the dry laminating process. Flexible packaging is the most common use for VAE adhesives. Laminating applications are another major category owing to their flexibility, moisture resistance, and excellent substrate adherence.

The need for food is rising in nations such as the United States, China, and India, leading to a rise in demand for flexible packaging globally.​

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Geographical Analysis:

The global packaging adhesives market is segmented into North America, Europe, South America, Asia Pacific, and Middle East & Africa.

Asia-Pacific Packaging Adhesives Market:

Asia-Pacific now has the largest share of the packaging adhesives market due to increasing demand from countries such as China, Japan, and India.

China is the biggest consumer of packaging adhesives due to increased per capita income and the country’s burgeoning e-commerce giants. According to the National Bureau of Statistics of China, total retail sales revenue of consumer goods amounted to CNY 39,198.07 billion (USD 5532.31 billion) in 2020, rising to CNY 44,082.34 billion (USD 6221.66 billion) in 2021, boosting adhesive consumption from consumer goods packaging and shipping activities.

Furthermore, China boasts one of the world’s greatest food industries. The nation is predicted to develop steadily over the forecast period, owing to the emergence of customized packaging in the food sector, such as microwaves, snacks, and frozen meals, as well as increased exports. The usage of packaging adhesives is likely to rise in the next years. ​​

Competitive Landscape:

The major companies included in the global packaging adhesives market are Henkel AG & Company, KGaA, 3M Company, Paramelt B.V., H.B. Fuller Company, Bostik SA, Avery Dennison Corporation, Sika AG, Wacker Chemie AG, Ashland Inc., Dymax Corporation, DowDuPont Inc., and Huntsman Corporation.

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