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How Big Is The Packaging Adhesives Market Today And What Is Its Future Size?

The market size of packaging adhesives has been experiencing steady expansion over the past few years. It is projected to increase further from a figure of $16.53 billion in 2024 to $17.23 billion in 2025, boasting a compound annual growth rate (CAGR) of 4.3%. This growth during the historical period is a result of several factors including the surge of e-commerce, an increased focus on sustainable and eco-friendly adhesives, growing safety concerns related to food and beverage packaging, consumer demand along with the trend towards sustainability, and adherence to regulations and practices.

In the coming years, the market size of packaging adhesives is projected to experience consistent expansion. A compound annual growth rate (CAGR) of 4.0% is anticipated to take it to a value of $20.12 billion in 2029. The forecasted growth can be traced back to several factors such as the surging demand for packaging in the food industry, the escalating emphasis on fulfilling sustainability requirements, advancements in packaging technology, the rising need for flexible, rigid, and semi-rigid packaging, and the increased interest in environmentally friendly adhesives. The upcoming trends to observe in this forecast period are the influence of e-commerce, future technological progression, the focus on sustainability, geographical supremacy, and the impact of various regulations.

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What Core Drivers Are Expected To Influence The Packaging Adhesives Market?

The surge in the e-commerce industry propels the progression of the packaging adhesives market. E-commerce, commonly known as online trading, involves the exchange of goods and services over the internet. Packaging adhesives are utilized in the e-commerce sector to offer effective and reliable packaging solutions for seamless order fulfilment. For example, in November 2023, the International Trade Administration, a US-based governmental body, predicted that the UK’s eCommerce revenues are likely to witness an annual growth rate of 12.6% by 2025 while consumer eCommerce accounted for 36.3% of the overall retail sector of the UK as per January 2021 and is predicted to hit $285.60 billion by 2025. Thus, the expansion of the e-commerce industry has a major impact on the growth of the packaging adhesives market.

How Is The Global Packaging Adhesives Market Broken Down By Segment?

The packaging adhesivesmarket 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

Subsegments:

1) By Water-Based Adhesives: Acrylic Adhesives, Polyvinyl Acetate (PVA) Adhesives, Ethylene Vinyl Acetate (EVA) Adhesives, Starch-Based Adhesives

2) By Solvent-Based Adhesives: Natural Rubber Adhesives, Synthetic Rubber Adhesives, Vinyl Acetate-Based Adhesives, Polyurethane Adhesives

3) By Hot Melt Adhesives: Ethylene Vinyl Acetate (EVA) Hot Melt Adhesives, Polyamide Hot Melt Adhesives, Polyurethane Hot Melt Adhesives, Rubber-Based Hot Melt Adhesives

Which Trends Are Likely To Redefine Growth Paths In The Packaging Adhesives Market?

Leading firms in the packaging adhesives sector are focusing on creating innovative solutions, such as eco-friendly adhesives for flexible packaging applications, to enhance their competitiveness in the market. In May 2022, Henkel, a chemical company based in Germany, rolled out a new RE range of adhesives and coatings specifically manufactured for recycling. The company also aims at facilitating the production of sustainable, flexible packaging during the design phase. Products like Loctite Liofol LA 7818 RE/6231 RE and Loctite Liofol LA 7102 RE/6902 RE have been released as part of the RE series and are solvent-free adhesives tailored for flexible packaging which also boost the recycling process of packages. These innovative solvent-free adhesives have received recognition for their recyclability from RecyClass, a comprehensive program that encourages the recyclability of plastic packaging while ensuring the traceability and transparency of recycled plastic material throughout Europe. These adhesives have gone through a stringent testing process in line with rigorous scientific methodologies to gain RecyClass endorsement, proving their compatibility with the package recycling process.

Who Are The Global Leaders Steering The Packaging Adhesives Market Forward?

Major companies operating in the packaging adhesives market report are BASF SE, The Dow Chemical 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

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Which Regional Markets Are Emerging As Key Hubs For The Packaging Adhesives Market?

North America was the largest region in the packaging adhesives market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the packaging adhesives market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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