Packaging Adhesives Market - By Product Type (Water-based Adhesives, Solvent-based Adhesives, Hot Melt Adhesives, Reactive Adhesives, Pressure-sensitive Adhesives), By Application, By End-use & Forecast, 2024 – 2032

Packaging Adhesives Market Size

Packaging Adhesives Market was valued at USD 15.83 billion in 2023 and is anticipated to register a CAGR of over 4% between 2024 and 2032. The rapid expansion of e-commerce and the need for secure, durable, and tamper-evident packaging have increased the demand for packaging adhesives. Adhesives play a crucial role in ensuring that packages remain intact and secure during transit. The shift from rigid packaging to flexible packaging for various products, such as snacks, pet food, and household products, has boosted the demand for adhesives suitable for bonding flexible materials like plastic films, foil, and laminated structures.
 

Urbanization trends and changing consumer lifestyles have increased the demand for convenience and on-the-go packaging solutions, which require reliable adhesives to ensure product safety and convenience features like resealability. The globalization of supply chains has necessitated the use of packaging adhesives that can withstand various transportation and storage conditions, including temperature variations and humidity.
 

The pharmaceutical and healthcare industries require adhesives that meet strict regulatory standards to ensure product safety and integrity. The growing healthcare sector has contributed to the demand for high-performance adhesives. The food and beverage industry has a significant impact on the packaging adhesives industry. Increased consumer demand for convenience, safety, and information on packaging materials has driven the need for adhesives that adhere to food safety regulations and maintain label integrity.
 

COVID-19 Impact

The COVID-19 pandemic had a significant impact on the packaging adhesives market. While the exact effects varied by region and industry, the pandemic brought both challenges and opportunities to the market. The pandemic forced several industries, including manufacturing and packaging, to slow down or temporarily shut down their operations. This led to reduced demand for packaging adhesives as companies scaled back production. The introduction of new regulations and safety protocols related to COVID-19 delayed product approvals and compliance processes, affecting product launches and market entry for some adhesives.
 

Packaging Adhesives Market Trends

The packaging industry is increasingly incorporating smart technologies, such as QR codes and RFID tags, into the packaging to provide consumers with information, traceability, and engagement opportunities. Adhesives used in smart packaging applications must be compatible with these technologies. Advances in digital printing technologies have created opportunities for adhesives that can work effectively with digitally printed labels and packaging. These adhesives should offer high-quality graphics and vibrant colors.
 

Packaging Adhesives Market Analysis:

Based on product type, the market is divided into water-based adhesives, solvent-based adhesives, hot melt adhesives, reactive adhesives, and pressure-sensitive adhesives (psas). The water-based adhesives segment held around 50% market share in 2022. Water-based adhesives are gaining popularity due to their low VOC emissions, reduced environmental impact, and regulatory compliance. They are commonly used in flexible packaging, labels, and paper packaging applications. Water-based adhesives are considered more environmentally friendly compared to solvent-based adhesives because of their lower VOC emissions. As sustainability becomes a primary focus, the demand for water-based adhesives has grown significantly. Packaging companies are adopting these adhesives to align with sustainability goals and meet regulatory requirements.
 

Based on application, the market is categorized into carton and case sealing, flexible packaging, aerosol packaging, tapes and strapping, and labeling. The flexible packaging segment accounted for over 35% market share in 2022 and is projected to grow through 2032. Flexible packaging offers features such as easy resealability, portability, and portion control, which are valued by consumers. The demand for flexible packaging with these convenience features drives the use of adhesives for sealing and resealing purposes. Flexible packaging is often associated with lower material consumption and reduced environmental impact. The trend towards sustainable and eco-friendly packaging has contributed to the growth of this segment.
 

Based on end-use, the market is categorized into food and beverage, healthcare and pharmaceuticals, E-commerce, and industrial packaging. Consumers are looking for convenient food and beverage packaging solutions that are easy to open, resealable, and portable. Adhesives play a crucial role in providing this convenience in various packaging formats, including pouches, sachets, and reclosable bags. Adhesives used in food and beverage packaging must meet stringent safety standards to ensure that they do not transfer harmful substances into the packaged items. Compliance with food safety regulations is a significant factor anticipating the business demand.
 

North America dominated the global Packaging Adhesives market in 2022, accounting for a major share of around 25%. Consumers in North America seek convenient and easy-to-use packaging solutions, such as resealable closures, single-serve packaging, and user-friendly formats. Adhesives are essential for creating these features in packaging. The rapid expansion of e-commerce in North America has driven the demand for secure, tamper-evident packaging. Adhesives are used to seal packages, ensuring products arrive intact to consumers' doorsteps. The pharmaceutical and healthcare industries are significant consumers of packaging adhesives which is further driving market growth by tapping into the diverse consumer segments.
 

Packaging Adhesives Market Share

Major players operating in the packaging adhesives industry include:

• Henkel AG & Co. KGaA
• 3M Company
• H.B. Fuller
• Bostik (a subsidiary of Arkema Group)
• Avery Dennison Corporation
• Dow Inc.
• Ashland Global Holdings Inc.

Henkel AG & Co. KGaA & 3M Company are dominant players in the Packaging Adhesives business due to their vast product landscape, geographical presence, and strategic alliances. These players focus on strategic partnerships, new product launch & commercialization for market expansion. Furthermore, these players are heavily investing in research that allows them to introduce innovative products and garner maximum revenue in the market.
 

Packaging Adhesives Industry News

• In 2022, Henkel acquired Darex Packaging Technologies, a leading provider of water-based adhesives for the packaging industry. This acquisition gave Henkel a stronger position in the growing market for sustainable packaging adhesives.
   
• In 2020, H.B. Fuller acquired Ashland's Specialty Ingredients business, which included a portfolio of packaging adhesives. This acquisition gave H.B. Fuller a broader range of packaging adhesives and a stronger position in the global market.
   

The Packaging Adhesives market research report includes in-depth coverage of the industry, with estimates & forecast in terms of volume (Kilo Tons) & revenue (USD Billion) from 2018 to 2032, for the following segments:

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Market, by product type

• Water-based Adhesives
  • Acrylic-based Adhesives
  • Polyvinyl Acetate (PVA) Adhesives
  • Starch-based Adhesives 
• Solvent-based Adhesives
  • Acetone-based Adhesives
  • Toluene-based Adhesives
  • Methyl Ethyl Ketone (MEK)-based Adhesives
• Hot Melt Adhesives
  • Ethylene-Vinyl Acetate (EVA) Hot Melts
  • Polyolefin-based Hot Melts
  • Polyamide Hot Melts
• Reactive Adhesives
  • Epoxy-based Adhesives
  • Polyurethane-based Adhesives
  • UV-Curable Adhesives
• Pressure-sensitive Adhesives (PSAs)
  • Removable PSAs
  • Permanent PSAs
  • High Tack PSAs

Market, by application

• Carton and Case Sealing
• Flexible Packaging
• Aerosol Packaging
• Tapes and Strapping
• Labeling

Market, by end use

• Food and Beverage
• Healthcare and Pharmaceuticals
• E-commerce
• Industrial Packaging

The above information is provided for the following regions and countries:

• North America
  • U.S.
  • Canada
• Europe
  • UK
  • Germany
  • France
  • Italy
  • Spain
  • Russia
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • ANZ
  • Southeast Asia 
• Latin America
  • Brazil
  • Mexico
  • Argentina
• MEA
  • UAE
  • South Africa
  • Saudi Arabia