Performance Appraisal And Management Software Market Overview: Market Size, Major Drivers And Trends
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The packaging adhesives market has demonstrated robust growth, expanding from $15.62 billion in 2023 to $16.53 billion in 2024, with a CAGR of 5.8%. Drivers in the past include the surge of e-commerce, increased focus on eco-friendly adhesives, safety concerns in food packaging, consumer demand for sustainability, and regulatory adherence. Looking ahead to 2028, the market is expected to maintain steady growth, reaching $19.86 billion, driven by factors like the rise in food packaging demand, sustainability initiatives, technological advancements, and the growing need for eco-friendly adhesives. Notable trends include the impact of e-commerce, technological innovations, sustainability efforts, geographical influences, and regulatory compliance.
The packaging adhesives market anticipates significant growth, primarily fueled by the expanding e-commerce landscape. E-commerce platforms have revolutionized global trade dynamics, altering how goods and services are exchanged. Within this paradigm, packaging adhesives play a critical role in ensuring efficient order fulfillment processes. With the UK’s e-commerce revenues projected to grow at an annual average rate of 12.6% by 2025, according to the International Trade Administration, the demand for packaging adhesives is set to surge. Furthermore, the considerable consumer preference for online shopping, evident in the substantial share of consumer e-commerce within the UK’s retail industry, reinforces the growth trajectory of the packaging adhesives market.
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What Are The Key Trends That Influence Packaging Adhesives Market Share Analysis?
Leading companies in the packaging adhesives market are focusing on creating innovative solutions like sustainable flexible packaging adhesives to secure a competitive edge. These eco-friendly adhesives are specifically designed for flexible packaging applications. For example, Henkel, a Germany-based chemicals company, introduced a new RE range of adhesives and coatings in May 202 This range includes Loctite Liofol LA 7818 RE/6231 RE and Loctite Liofol LA 7102 RE/6902 RE, which are solvent-free adhesives aimed at improving packaging recyclability. These products have been recognized by RecyClass, an industry-wide program promoting plastic packaging recyclability, and have undergone rigorous testing to confirm their compatibility with the recycling process.
Which Market Players Are Driving Growth In The Packaging Adhesives Market?
Major companies operating in the packaging adhesives market report are BASF SE, The Dow Checimal Company, 3M Company, Henkel AG & Company KGaA, Illinois Tool Works Inc., DowDuPont Inc., Arkema S.A., AkzoNobel N.V., Eastman Chemical Company, Sika AG, Avery Dennison Corporation, Wacker Chemie AG, Huntsman Corporation, H.B. Fuller Company, Ashland Inc., RPM International Inc., Sipchem, Mapei S.p.A., Paramelt B.V., Scott Bader Company Ltd., Beardow Adams Group (Acquired by H.B. Fuller), Dymax Corporation, Adhesives Research Inc., Super Glue Corporation, Jowat SE
How Is The Global Packaging Adhesives Market Segmented?
The packaging adhesives market covered in this report is segmented –
1) By Technology: Water-Based, Solvent-Based, Hot Melt
2) By Resins: Poly Vinyl Acetate (PVA), Acrylics, Polyurethane, Other Resins
3) By Application: Flexible Packaging, Folding Box And Cartons, Sealing, Labels And Tapes, Other Applications
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The Packaging Adhesives Global Market Report 2024 provides an overview of the packaging adhesivesmarket for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The packaging adhesives market forecast analyzes packaging adhesives market size, packaging adhesives market share, leading competitor and their market positions.
The Table Of Content For The Packaging Adhesives Market Include
1. Packaging Adhesives Market Executive Summary
2. Packaging Adhesives Market Segments
3. Packaging Adhesives Market Size And Template Market Growth Rate
4. Key Packaging Adhesives Market Trends
5. Major Packaging Adhesives Market Drivers
……
25. Key Mergers And Acquisitions In The Packaging Adhesives Market
26. Top Packaging Adhesives Companies
27. Packaging Adhesives Market Opportunities And Strategies
28. Packaging Adhesives Market, Conclusions And Recommendations
29. Appendix
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