Packaging Adhesives Market By type (Water-based Adhesives, Solvent-based Adhesives, Hot-melt Adhesives, Others) By Substrate Material typ (Acrylics, Polyurethane, Polyvinyl Chloride, Polypropylene, Others) By Packaging Type (Flexible Packaging, Folding Cartons, Boxes & Cases, Labeling, Others) - Growth, Future Prospects & Competitive Analysis, 2016 – 2028

About this report

The Global Packaging Adhesives market report explores the critical analysis of the industry using key parameters. The report consists of investment strategies, the need for investments in the Global Packaging Adhesives market industry, and the multiple benefits for the investors. Importantly, this report sets out major changes in the global technical regulations for the Global Packaging Adhesives market industry and how economic and non-economic barriers are helping the Global Packaging Adhesives market grow. Moreover, the report analyses the global, regional, and country-level historic and forecasted market size. The report also provides a comprehensive analysis of key investment propositions, demand and supply gap, competitors positioning, STAR analysis, SRC analysis, and Tornado analysis. Key technological developments and other analyses such as porter's five forces analysis, PESTEL analysis, value chain analysis, etc.

Key Highlights of the report

How are the major segments performing in the Global Packaging Adhesives Market?

In 2021, the Water-based Adhesives segment will dominate the largest share of the Packaging adhesives market. It is easy to use, low cost, safe and energy efficient, which is expected to grow the packaging adhesives market.      

In 2021, the Polyurethane segment will dominate the Global Packaging Adhesives market due to the polyurethane lamination design used for dry lamination. Furthermore, the rising investment in pharmaceuticals and other industrial processes drives growth in the Global Packaging Adhesives market. 

In 2021, the Flexible packaging segment dominated the largest market share due to its easy-to-use, impressive rate and attractive packaging.  In 2021, the Food & beverage segment will account for the largest market share due to the increasing consumer awareness of food safety and the rising demand for Food & Beverages is expected to increase the market growth.

Which Region dominated the Global Packaging Adhesives Market?

In 2021, Asia Pacific dominated the market share in the global Packaging Adhesives market. The increasing population leads to rising power generation, mostly in such countries as India, china, japan and others. Rapid industrial development and a rising number of products in food & beverages are expected to demand emerging economies in the Asia Pacific. This Region has become the global production of various manufacturing and processing industries. The Asia Pacific has seen growth and is expected to provide the Global Packaging Adhesives market suppliers and several opportunities. In the Asia Pacific, growing disposal income and lifestyle changes are expected to grow the Global Packaging Adhesives market in this Region. 

What is the competitive environment of the Global Packaging Adhesives Market?

The packaging adhesives industry's competitive environment offers information on the total economic profit made by suppliers and businesses, the sales and revenues produced in this sector, the packaging adhesives market share globally, the business organization overview, the introduction of new products, and the opportunities for the packaging adhesives market. Furthermore, Avery Dennison will debut the next version of its CleanFlake filmic label materials for use in PET packaging in areas such as food and drinks and personal care in June 2021. The CleanFlake technology was developed to prevent label adhesives from adhering to the packaging and aid in recycling PET plastic.

Executive Summary

What are technical developments being developed in the Global Packaging Adhesives Market?

Technical development for the adhesives in the global packaging adhesives. The expansion of the worldwide packaging adhesives market is being driven by an increase in demand for intelligent systems to boost productivity and efficiency. For instance, Brilliant Polymers introduced solvent-free adhesives for flexible packaging in July 2018. Uflex introduced a 2K PU laminating adhesive for food packaging and general applications in April 2018.

Which are the key investments by the players in the Global Packaging Adhesives Market?

Packaging adhesives have been used in a variety of industries due to their exceptional flexibility and capacity to be adaptable in any setting. Various investments are made among the key player. For instance, in January 2021, Avery Dennison paid USD 87.6 million for the business of Ohio-based ACPO Ltd, subject to post-closing adjustments. CPO employs roughly 170 people and manufactures pressure-sensitive overlaminate products for the label and flexible packaging sectors. 

Some of the major players in the market are 3M, Arkema Group, Ashland Inc., Avery Dennison Corporation, Dymax Corporation, H.B. Fuller Company, Henkel AG & Co. KGaA, Jowat SE, Paramelt RMC B.V., Sika AG, The DOW Chemical Company, and Wacker Chemie AG.

What are the Major Driving Factors for the Global Packaging Adhesives Market?

Adoption in the Food & Beverage industry production is the major factor in the Packaging Adhesives market growth. The increasing industrial development and rapid globalization are also growing market demand. The increasing demand for flexible packaging, labeling, folding cartons, and other applications propels the market growth. Additionally the increasing demand for online shopping in emerging countries and labels, plastic bags are used in packaging, which is also the growth of this market. Furthermore, investments made by the government and various development in packaging are also expected to grow in the packaging adhesives market. Increasing demand for packaging is the major driver of the global Packaging Adhesives market. These factors are expected to drive the growth of the Global Packaging Adhesives market. 

What are the Major Risks for the Global Packaging Adhesives Market?

The high initial investment associated with the packaging is the major restraint of the packaging adhesives market. Furthermore, the government's strict regulation on various raw materials to be used in the manufacturing of adhesives is expected to hamper the market growth. Additionally, the pandemic might restrain this market from growing in international markets. These factors are restraining the growth of the Global Packaging Adhesives market.  

Which is the key Type in the Market Global Packaging Adhesives Market?

The Type segment is classified into Water-based Adhesives, Solvent-based adhesives, Hot-melt adhesives and others. The Water-based Adhesives segment dominates the largest share in the Packaging adhesives market. It is easy to use, low cost, safe and energy efficient, which is expected to grow the packaging adhesives market. Furthermore, Water-based adhesives such as starch-based adhesives, natural rubber and polyvinyl acetate adhesives are highly used in labels, form, sealing cotton and others. These factors contributed to the expansion of the packaging adhesives market. 

How is the Global Packaging Adhesives Market performing in regions?

In 2021, Asia Pacific dominated the market share in the global Packaging Adhesives market. The increasing population leads to rising power generation, mostly in such countries as India, china, japan and others. Rapid industrial development and a rising number of products in food & beverages are expected to demand emerging economies in the Asia Pacific. This Region has become the global production of various manufacturing and processing industries. The Asia Pacific has seen growth and is expected to provide the Global Packaging Adhesives market suppliers and several opportunities. In the Asia Pacific, growing disposal income and lifestyle changes are expected to grow the Global Packaging Adhesives market in this Region. 

The North American Region accounts for the largest market share due to the increasing demand for Water-based adhesives, which is expected to grow. Furthermore, the companies are invested in Global Packaging Adhesives to manage their operations and may be offered to the profitable market. Additionally, the increasing technological advancement and innovative techniques are the market's growth in this region. These factors are expected to increase the growth of the Global Packaging Adhesives market in the North American Region.

What is the regulatory landscape for the Global Packaging Adhesives Market?

The regulatory landscape for this market is that governments support packaging adhesives used. The benefits of packaging adhesives such as cost-effectiveness, lightweight, stiffness, high heat absorption capacity, and others. Besides that, many government organizations such as OSHA (occupational safety and health administration) and others applied some regulations on workers working in manufacturing plants due to the hazardous health effects.

What is the Market Size of the Global Packaging Adhesives regarding value?

The Global Packaging Adhesives market is anticipated to grow at a substantial CAGR of 5.40% in the upcoming years. The global Packaging Adhesives market industry was estimated to be worth USD 16,283.4 Million in 2021 and was expected to be worth USD 22,324.86 Million by 2028.

What are major players planning for the future of the Global Packaging Adhesives Market?

The major competitors in the Global Packaging Adhesives market are extensively investing in various cutting-edge technologies such as cloud computing, artificial intelligence, and others. Furthermore, future scenarios suggest that well-known market players invest significantly in startups and medium-sized enterprises to deliver effective solutions to the industry. Large players are expected to buy or merge with major enterprises or startups to achieve a competitive advantage. 

Segmentation of Global Packaging Adhesives Market-

Global Packaging Adhesives market– By type

• Water-based Adhesives
• Solvent-based Adhesives
• Hot-melt Adhesives
• Others
•  

 Global Packaging Adhesives market– By Substrate Material type

• Acrylics
• Polyurethane
• Polyvinyl Chloride
• Polypropylene
• Others
•  

Global Packaging Adhesives market– By Packaging Type

• Flexible Packaging
• Folding Cartons
• Boxes & Cases
• Labeling
• Others
•  

Global Packaging Adhesives market– By End-use Industry

• Food & Beverages
• Cosmetics
• Healthcare
• Others 
•  

 Global Packaging Adhesives Market– By Region

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • France
  • U.K.
  • Italy
  • Spain
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • South-east Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC Countries
  • South Africa
  • Rest of Middle East and Africa