According to the latest report by IMARC Group, the global packaging adhesives market exhibited moderate growth during 2015-2020. Looking forward, the market expects to grow at a CAGR of 5.5% during 2021-2026.
Packaging adhesives are the sticking agents that are used for binding two or more pieces of packaging materials together. Some of the commonly available packaging adhesives include water-based, solvent-based, and hot-melt adhesives. Water-based adhesives are utilized for porous or non-porous substrates, such as dextrin, starch, 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 into liquid upon heating. They are primarily used for packaging cartons, cases, and flexible packaging.
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Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Competitive Landscape:
The competitive landscape of the industry has also been examined with some of the key players being
- 3M Company,
- Arkema,
- Ashland Global,
- Avery Dennison Corporation,
- Dymax Corporation,
- H.B. Fuller,
- Henkel AG Co.
- KGaA,
- Jowat SE,
- Paramelt B.V.,
- Sika AG,
- The DOW Chemical Company,
- Wacker Chemie AG, etc.
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Market Trends and Drivers:
Significant expansion in the food and beverages (FB) sector is one of the key factors propelling the growth of the market. In the FB industry, packaging adhesives are extensively used for rigid food boxes and for sealing paper cartons and cases to store several food products and beverages. Furthermore, packaging adhesives also find widespread applications in the pharmaceutical sector to seal medical equipment for protecting the content from bacterial contamination and maintaining the sterility of the products. Additionally, the introduction of advanced water-based transparent adhesives that are used for sticking colored and clear labels on various products is further providing a thrust to the market. Besides this, the increasing consumer preferences for sustainable compounds in packing adhesives that can be used on recyclable products is expected to further strengthen the market growth in the coming years.
The report has segmented on the basis of Type, Substrate Material Type, Packaging Type, End-Use and geography.
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
Breakup by Region:
- North America
- Asia Pacific
- Europe
- Latin America
- Middle East and Africa
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