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Packaging Adhesives Market: By Technology, By Application, and Geography
Packaging Adhesives Market: By Technology, By Application, and Geography
Packaging Adhesives Market size was valued at US$ 9,271.6 million in 2023 and is projected to to reach US$ 13,758.0 million by 2030 is poised to grow at 5.8% CAGR from 2024-2030. The packaging adhesives market is driven by the factors such as growth in the packaging industry, e-commerce boom, and demand for sustainable packaging. The packaging industry is itself being driven by a number of, including rising populations, urbanization, and changing consumer preferences. As more products are packaged, there is a higher demand for packaging adhesives to assemble and seal the packaging materials, and the rise of e-commerce has led to an increased demand for durable and secure packaging. Packaging adhesives play a vital role in ensuring that products arrive at their destination undamaged.
Consumers are increasingly concerned about the environmental impact of packaging. This is driving the demand for sustainable packaging adhesives, which are made from renewable resources or are biodegradable. Yet fluctuations in raw material prices, stringent regulations, and competition are the constraints will hinder the market growth. However, these constraints also present opportunities for packaging adhesive manufacturers in emerging markets, and companies that can develop cost-effective, environmentally friendly adhesives that meet the needs of a changing marketplace will be well-positioned for success. Increased use of automation, focus on lightweighting, and multifunctional adhesives are the trends in the packaging adhesives market.
Study Period
2024-2030Base Year
2023CAGR
5.8%Largest Market
North AmericaFastest Growing Market
Latin America
The packaging adhesives market is propelling due to the rapidly growing in emerging markets such as Asia Pacific and Latin America. These markets offer significant opportunities for packaging adhesive manufacturers due to factors such as economic development, urbanization, rising consumer spending power, and increased industrial activities, and there is a continuous development of new and improved packaging adhesives. For instance, the development of hot melt adhesives that are activated by heat and offer strong bonds is finding favor in the packaging industry due to their fast-setting time and ease of use. Additionally, there is a demand for sustainable packaging adhesives is growing. This presents an opportunity for manufacturers to develop and market new products that meet the needs of environmentally conscious consumers. The use of automation in the packaging industry is increasing, and this is leading to a demand for packaging adhesives that are compatible with automated equipment, manufacturers are increasingly looking for ways to lightweight their packaging in order to reduce costs and environmental impact, this drives the demand for packaging adhesives that are strong yet lightweight, and there is a growing trend towards the use of multifunctional adhesives that can bond a variety of materials and provide additional benefits such as barrier properties or tamper evidence.
Based on regions the market is segmented into North America, Europe, Asia-Pacific, Latin America, and Middle East and Africa. the Asia Pacific region stands out as the dominant player. This dominance is attributed to the rapid industrialization, growth in the food and beverage sector, and the rising demand for consumer goods in populous countries like China and India. The region’s market is bolstered by the availability of raw materials and the presence of a large number of manufacturers. While Asia Pacific leads in terms of market share, the Latin American region is emerging as the fastest-growing market for packaging adhesives. This growth is driven by the increasing adoption of flexible packaging solutions and the expansion of the food and beverage industry in the region. Countries like Brazil and Mexico are at the forefront, with their growing middle-class populations and rising disposable incomes fueling the demand for packaged goods.
Latin America
Europe
Asia Pacific
Middle East
North America
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Report Benchmarks |
Details |
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Report Study Period |
2024-2030 |
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Market Size in 2023 |
US$ 9,271.6 million |
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Market Size in 2030 |
US$ 13,758.0 million |
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Market CAGR |
5.8% |
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By Technology |
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By Application |
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By Region |
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The packaging adhesives market was valued at US$ 9,271.6 million in 2023 and is projected to grow at 5.8% CAGR over the forecast years to reach US$ 9,809.4 million by 2030.
• Growth in the packaging industry
• E-commerce boom
• Demand for sustainable packaging
• Emerging markets
• Innovation
• Focus on sustainability
• Increased use of automation
• Focus on lightweighting
• Multifunctional adhesives
Packaging adhesives are the unseen glue that keeps everything in the packaging industry together. These substances are crucial for various packaging purposes, including adhering labels to containers and sealing corrugated boxes.
Flexible Packaging, folding boxes and cartons, sealing, labels and tapes, and others are the application of packaging adhesives.
Market research is segmented based on technology, application, and region.
Asia-Pacific is the dominating region in the Packaging Adhesives Market
Latin American is the fastest growing region in the packaging adhesives market
| 1.Executive Summary |
| 2.Global Packaging Adhesives Market Introduction |
| 2.1.Global Packaging Adhesives Market - Taxonomy |
| 2.2.Global Packaging Adhesives Market - Definitions |
| 2.2.1.Technology |
| 2.2.2.Application |
| 2.2.3.Region |
| 3.Global Packaging Adhesives Market Dynamics |
| 3.1. Drivers |
| 3.2. Restraints |
| 3.3. Opportunities/Unmet Needs of the Market |
| 3.4. Trends |
| 3.5. Product Landscape |
| 3.6. New Product Launches |
| 3.7. Impact of COVID 19 on Market |
| 4.Global Packaging Adhesives Market Analysis, 2019 - 2023 and Forecast 2024 - 2030 |
| 4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) |
| 4.3. Market Opportunity Analysis |
| 5.Global Packaging Adhesives Market By Technology, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 5.1. Water-Based |
| 5.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.1.3. Market Opportunity Analysis |
| 5.2. Solvent-Based |
| 5.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.2.3. Market Opportunity Analysis |
| 5.3. Hot-Melt |
| 5.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.3.3. Market Opportunity Analysis |
| 6.Global Packaging Adhesives Market By Application, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 6.1. Flexible Packaging |
| 6.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.1.3. Market Opportunity Analysis |
| 6.2. Folding Boxes and Cartons |
| 6.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.2.3. Market Opportunity Analysis |
| 6.3. Sealing |
| 6.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.3.3. Market Opportunity Analysis |
| 6.4. Labels and Tapes |
| 6.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.4.3. Market Opportunity Analysis |
| 6.5. Others |
| 6.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.5.3. Market Opportunity Analysis |
| 7.Global Packaging Adhesives Market By Region, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 7.1. North America |
| 7.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.1.3. Market Opportunity Analysis |
| 7.2. Europe |
| 7.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.2.3. Market Opportunity Analysis |
| 7.3. Asia Pacific (APAC) |
| 7.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.3.3. Market Opportunity Analysis |
| 7.4. Middle East and Africa (MEA) |
| 7.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.4.3. Market Opportunity Analysis |
| 7.5. Latin America |
| 7.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.5.3. Market Opportunity Analysis |
| 8.North America Packaging Adhesives Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 8.1. Technology Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 8.1.1.Water-Based |
| 8.1.2.Solvent-Based |
| 8.1.3.Hot-Melt |
| 8.2. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 8.2.1.Flexible Packaging |
| 8.2.2.Folding Boxes and Cartons |
| 8.2.3.Sealing |
| 8.2.4.Labels and Tapes |
| 8.2.5.Others |
| 8.3. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 8.3.1.United States of America (USA) |
| 8.3.2.Canada |
| 9.Europe Packaging Adhesives Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 9.1. Technology Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.1.1.Water-Based |
| 9.1.2.Solvent-Based |
| 9.1.3.Hot-Melt |
| 9.2. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.2.1.Flexible Packaging |
| 9.2.2.Folding Boxes and Cartons |
| 9.2.3.Sealing |
| 9.2.4.Labels and Tapes |
| 9.2.5.Others |
| 9.3. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.3.1.Germany |
| 9.3.2.France |
| 9.3.3.Italy |
| 9.3.4.United Kingdom (UK) |
| 9.3.5.Spain |
| 10.Asia Pacific (APAC) Packaging Adhesives Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 10.1. Technology Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.1.1.Water-Based |
| 10.1.2.Solvent-Based |
| 10.1.3.Hot-Melt |
| 10.2. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.2.1.Flexible Packaging |
| 10.2.2.Folding Boxes and Cartons |
| 10.2.3.Sealing |
| 10.2.4.Labels and Tapes |
| 10.2.5.Others |
| 10.3. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.3.1.China |
| 10.3.2.India |
| 10.3.3.Australia and New Zealand (ANZ) |
| 10.3.4.Japan |
| 10.3.5.Rest of APAC |
| 11.Middle East and Africa (MEA) Packaging Adhesives Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 11.1. Technology Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.1.1.Water-Based |
| 11.1.2.Solvent-Based |
| 11.1.3.Hot-Melt |
| 11.2. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.2.1.Flexible Packaging |
| 11.2.2.Folding Boxes and Cartons |
| 11.2.3.Sealing |
| 11.2.4.Labels and Tapes |
| 11.2.5.Others |
| 11.3. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.3.1.GCC Countries |
| 11.3.2.South Africa |
| 11.3.3.Rest of MEA |
| 12.Latin America Packaging Adhesives Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 12.1. Technology Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.1.1.Water-Based |
| 12.1.2.Solvent-Based |
| 12.1.3.Hot-Melt |
| 12.2. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.2.1.Flexible Packaging |
| 12.2.2.Folding Boxes and Cartons |
| 12.2.3.Sealing |
| 12.2.4.Labels and Tapes |
| 12.2.5.Others |
| 12.3. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.3.1.Brazil |
| 12.3.2.Mexico |
| 12.3.3.Rest of LA |
| 13. Competition Landscape |
| 13.1. Market Player Profiles (Introduction, Brand/Product Sales, Financial Analysis, Product Offerings, Key Developments, Collaborations, M & A, Strategies, and SWOT Analysis) |
| 13.2.1.Henkel AG & Company |
| 13.2.2.KGaA |
| 13.2.3.3M Company |
| 13.2.4.Huntsman Corporation |
| 13.2.5.B. Fuller Company |
| 13.2.6.Bostik SA |
| 13.2.7.Avery Dennison Corporation |
| 13.2.8.DowDuPont Inc. |
| 13.2.9.Dymax Corporation |
| 13.2.10.Ashland Inc. |
| 13.2.11.Sika AG |
| 13.2.12.Paramelt B.V. |
| 13.2.13.Wacker Chemie AG |
| 14. Research Methodology |
| 15. Appendix and Abbreviations |
Key Market Players
Author
Prem Kumar with profound experience and sound knowledge across a wide range of market forecasting methods, demand forecasting, and pricing analysis, I am able to make precise projections. I have extensive practical knowledge in Time Series Analysis (TSA), Simple Linear Regression (SLR), Multiple Linear Regression (MLR), Seasonality & Trend Forecasting, and Forecasting Models for New Products, among others. Additionally, I have hands-on experience with tools such as Power BI and SQL. I am highly committed, self-motivated, and possess a strong entrepreneurial spirit. Over the past 8 years, my team and I have built a robust clientele in various sectors, including Packaging, Pharma, Medical Devices, Oil & Gas, and Chemicals & Materials. We have provided a wide range of services, from management consulting to market forecasting and survey-related projects. I am particularly proud to have provided consulting services to one of the industry’s leading COVID-19 vaccine manufacturers for a packaging-related project. In the packaging space, I have served clients across a range of segments, including packaging printing, consumer packaging, flexible packaging, rigid packaging, and pharmaceutical packaging, to name a few. I deeply appreciate the efforts of my team and am grateful to our clients for their continued trust.