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Packaging Adhesives Market Size (2024 - 2029)

The Packaging Adhesives Market is projected to experience significant growth over the forecast period, driven by increasing demand from the food and beverage industry and heightened awareness of food safety and contamination prevention. Despite challenges posed by regulatory impacts on raw materials, the market is poised for expansion, particularly due to the rapid growth of e-commerce. The Asia-Pacific region holds the largest market share and is expected to maintain its dominance.

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Market Size of Packaging Adhesives Industry

Packaging Adhesives Market Summary
Study Period 2019 - 2029
Market Size (2024) USD 29.20 Billion
Market Size (2029) USD 39.89 Billion
CAGR (2024 - 2029) 6.44 %
Fastest Growing Market Asia-Pacific
Largest Market Asia-Pacific
Market Concentration Low

Major Players

Packaging Adhesives Market Major Players

*Disclaimer: Major Players sorted in no particular order

Packaging Adhesives Market Analysis

The Packaging Adhesives Market size is estimated at USD 29.20 billion in 2024, and is expected to reach USD 39.89 billion by 2029, growing at a CAGR of 6.44% during the forecast period (2024-2029).

The market was marginally impacted by COVID-19 in 2020. The COVID-19 pandemic limited dining out and led to increases in home cooking. With that, significant drops in the production values of juices, water, soft drinks, and alcoholic beverages were nearly offset by growth in wheat flour, dairy, health foods, and convenience or ready-to-eat foods.

  • The factors driving the growth of the market studied are the growing demand from the food and beverage industry, increasing awareness about food safety , and avoiding risks of contamination.
  • On the flip side, the impact of regulations on various raw materials to be used for manufacturing adhesives may hinder the market's growth.
  • However, the rapid growth in e-commerce will further provide opportunities for the market to grow.
  • Asia-Pacific accounted for the highest share of the market, and it is likely to continue dominating the market during the forecast period.

Packaging Adhesives Industry Segmentation

Packaging adhesives are mainly used for advanced bonding to meet demanding applications in a wide variety of end-use market products such as boxes and cartons. They can be of different types, such as water-based, which are developed using a combination of water, polymers, and additives. 

The packaging adhesives market is segmented on the basis of technology, end-user industry, and geography. By technology, the market is segmented into water-based, solvent-based, and hot melt. By application, the market is segmented into flexible packaging, folding boxes and cartons, sealing, labels and tapes, and other applications (corrugated packaging, specialty packaging). The report also covers the market size and forecasts for the packaging adhesive market in 15 countries across the major regions. For each segment, the market sizing and forecasts have been done on the basis of revenue (USD million).

By Technology
Water-based
Solvent-based
Hot-melt
By Application
Flexible Packaging
Folding Boxes and Cartons
Sealing
Labels and Tapes
Other Applications
By Geography
Asia-Pacific
China
India
Japan
South Korea
ASEAN Countries
Rest of Asia-Pacific
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
France
Italy
Rest of Europe
South America
Brazil
Argentina
Rest of South America
Middle East and Africa
Saudi Arabia
South Africa
Rest of Middle East and Africa
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Packaging Adhesives Market Size Summary

The packaging adhesives market is poised for significant growth, driven by increasing demand from the food and beverage industry and the rapid expansion of e-commerce. The market's expansion is supported by the rising awareness of food safety and the need to prevent contamination, which are crucial in the food packaging sector. However, regulatory challenges concerning raw materials used in adhesive production may pose obstacles to market growth. The Asia-Pacific region currently holds the largest market share, with countries like China and India leading due to their burgeoning food industries and growing consumer markets. The shift towards flexible packaging, characterized by its sustainability and consumer-friendly features, is further propelling market demand.

Flexible packaging, a major application for packaging adhesives, is experiencing robust growth as consumer preferences evolve towards more convenient and environmentally conscious options. The market is characterized by a variety of laminating adhesives, including waterborne, solvent-based, reactive 100% solid, and hot melt options, each catering to different packaging needs. The food industry, particularly in the United States, China, and India, is a significant driver of this demand, with flexible packaging being a key component. The market is fragmented, with no single company dominating globally, prompting major players to invest in research and development and strategic collaborations to enhance their technological capabilities and market presence.

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Packaging Adhesives Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Drivers

      1. 1.1.1 Growing Demand from the Food and Beverage Industry

      2. 1.1.2 Increasing Awareness for Food Safety

    2. 1.2 Restraints

      1. 1.2.1 Strict Government Regulations

    3. 1.3 Industry Value Chain Analysis

    4. 1.4 Porter's Five Forces Analysis

      1. 1.4.1 Bargaining Power of Suppliers

      2. 1.4.2 Bargaining Power of Consumers

      3. 1.4.3 Threat of New Entrants

      4. 1.4.4 Threat of Substitute Products and Services

      5. 1.4.5 Degree of Competition

  2. 2. MARKET SEGMENTATION (Market Size in Value)

    1. 2.1 By Technology

      1. 2.1.1 Water-based

      2. 2.1.2 Solvent-based

      3. 2.1.3 Hot-melt

    2. 2.2 By Application

      1. 2.2.1 Flexible Packaging

      2. 2.2.2 Folding Boxes and Cartons

      3. 2.2.3 Sealing

      4. 2.2.4 Labels and Tapes

      5. 2.2.5 Other Applications

    3. 2.3 By Geography

      1. 2.3.1 Asia-Pacific

        1. 2.3.1.1 China

        2. 2.3.1.2 India

        3. 2.3.1.3 Japan

        4. 2.3.1.4 South Korea

        5. 2.3.1.5 ASEAN Countries

        6. 2.3.1.6 Rest of Asia-Pacific

      2. 2.3.2 North America

        1. 2.3.2.1 United States

        2. 2.3.2.2 Canada

        3. 2.3.2.3 Mexico

      3. 2.3.3 Europe

        1. 2.3.3.1 Germany

        2. 2.3.3.2 United Kingdom

        3. 2.3.3.3 France

        4. 2.3.3.4 Italy

        5. 2.3.3.5 Rest of Europe

      4. 2.3.4 South America

        1. 2.3.4.1 Brazil

        2. 2.3.4.2 Argentina

        3. 2.3.4.3 Rest of South America

      5. 2.3.5 Middle East and Africa

        1. 2.3.5.1 Saudi Arabia

        2. 2.3.5.2 South Africa

        3. 2.3.5.3 Rest of Middle East and Africa

Packaging Adhesives Market Size FAQs

The Packaging Adhesives Market size is expected to reach USD 29.20 billion in 2024 and grow at a CAGR of 6.44% to reach USD 39.89 billion by 2029.

In 2024, the Packaging Adhesives Market size is expected to reach USD 29.20 billion.

Packaging Adhesives Market Report Snapshots

Packaging Adhesives Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)