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Packaging Adhesives Market Size

Report ID: GMI7019
Published Date: Oct 2023
Report Format: PDF

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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.

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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.

Packaging Adhesives Market Report Attributes
Report Attribute	Details
Base Year:	2023
Packaging Adhesives Market Size in 2023:	USD 15.83 Billion
Forecast Period:	2024 to 2032
Forecast Period 2024 to 2032 CAGR:	4%
2032 Value Projection:	USD 21.58 Billion
Historical Data for:	2018 – 2023
No. of Pages:	300
Tables, Charts & Figures:	212
Segments covered:	Product type, Application, and End-Use
Growth Drivers:	Urbanization and Changing Lifestyles Increased Demand for Sustainable Packaging
Pitfalls & Challenges:	Raw Material Price Volatility

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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.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

Market size packaging adhesives was valued at USD 15.83 billion in 2023 and is anticipated to register a CAGR of over 4% between 2024 and 2032, owing to the rapid expansion of e-commerce.

The flexible packaging segment accounted for over 35% market share in 2022 and is projected to grow through 2032 as this packaging offers easy resealability, portability, and portion control, driving the demand for adhesives for sealing & resealing.

North America market for packaging adhesives accounted for a major share of around 25% in 2022 as the consumers in the region seek convenient and easy-to-use packaging solutions, which along with the rapid expansion of e-commerce is driving the demand for secure, tamper-evident packaging.

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