Packaging Adhesives Market Size, Industry Analysis Report, Regional Outlook, Application Development Potential, Price Trends, Competitive Market Share & Forecast, 2021 – 2027
Report ID: GMI3797
Packaging Adhesives Market size is anticipated to grow owing to high demand from flexible packaging application. These materials are utilized for binding two surfaces together and are water & solvent based in nature. These polymeric constituents enhance visual appearance, degree of finishing and durability thereby propelling industry growth in foreseeable timeframe.
Global packaged food market size is projected to surpass USD 3 trillion by 2020. Changing lifestyle and health awareness along with easy availability at doorsteps will drive ready to eat food products demand. The product is permitted as food grade packing material owing to its nontoxic and biodegradable property which may propel packaging adhesives market share. Water based adhesives are generally applied to food grade materials due to its eco-friendly and non-volatile nature, thus promoting industry growth.
Global electrical & electronics manufacturing market is estimated to reach USD 3 trillion by 2022. These products offer high water resistance, low cost and are versatile which help to bind & shield electrical & electronic equipment’s. It improves packaging adhesion and provides mechanical stability along with robustness against shocks which will protect the devices from internal circuits and electronic appliances hardware damage. These factors may fuel packaging adhesives demand in this sector by 2025.
Necessity for sterilized environment is essential for medicinal drugs & sedatives owing to their utilization in medical procedures. Exposure may deteriorate pharmaceutical products quality. Global pharmaceutical market is anticipated to reach USD 1 trillion by 2021 which may foster industry growth. These adhesives provide high linkage and bonding to pharmaceutical packing material to protect it from getting unusable and maintains decontaminated atmosphere which may foster packaging adhesives market size.
Shifting consumer preference for easy convenience purchasing has rapidly surged ecommerce industry. Global ecommerce industry may surpass USD 4.5 trillion by 2021 which may fuel packaging adhesives market share. Solvent and water borne products are utilized in cardboards and cartons sealing which shield consumer product from getting tampered, thereby providing safety and stability which may propel industry growth.
Global furniture market size is estimated to reach USD 700 billion by 2025 which may surge packaging adhesives market size. It is used in gluing boxes which carry furniture products including plywood’s, chairs and beds. These adhesives provide robustness and shear strength to boxes which may foster market growth by 2025.
Waterborne packaging adhesives are widely used as it maintains eco friendly environment by reducing VOC emissions, however waterborne & solvent packaging adhesives require high drying time as compared to alternatives including hot-melt adhesives which may hamper industry growth.
North America, led by Mexico, Canada and the U.S. packaging adhesives market size will boost due to increased processed foods consumption. These water and solvent based products are utilized in gluing food grade material packing to restrict airflow in order to shield food from oxidation. Presence of major food manufacturing companies including Nestle, PepsiCo and Tyson may additionally propel the market size.
Europe driven by UK, Spain, Italy, France and Germany packaging adhesives market size will stimulate due to rapidly growing pharmaceutical industry. Drugs and steroids require tamperproof sealing which can be effortlessly attained by using these adhesives which will drive regional product demand. Small dimensions of pharmaceutical products along with high production speeds, has led to rise in special hot melt adhesive systems demand which has high linking properties thus, propelling packaging adhesives market growth by 2025.
Asia Pacific market led by Australia, South Korea, Japan, India and China packaging adhesives market will fuel due to rapidly increasing ecommerce industry. Presence of ecommerce giants including Alibaba and Flipkart may raise demand for these polymer constituents. These polymeric constituents are used in wrapping items which are locomoted from manufacturer to consumer through retailing platforms. Deliverable goods supply chain and logistics requires high protection in order to protect products from getting damaged which may stimulate market demand by 2025.
Global packaging adhesives market share is moderately fragmented with major players including Dymax, Wacker Chemie, Ashland Inc, Avery Dennison, Henkel AG & Co, Paramelt, Jowat Corp and Sika. The manufacturers are focusing on R&D to innovate new adhesive mixes which will favour industry growth.
In June 2019, Henkel launched adhesive solution for high performance packaging solutions, Loctite Liofol LA 2798 mainly for pet food, medical and convenience products including oil fatty acids, alcohol contents and fatty foodstuffs. The product is combined with different hardeners for sterilisation process, hot filling process and aggressive filling goods.
Packaging Adhesives Market, By Technology, 2014-2025 (Kilo Tons) (USD Million)
- Water based
- Solvent based
- Hot melt
Packaging Adhesive Market, By Application, 2014-2025 (Kilo Tons) (USD Million)
- Rigid packaging
- Flexible packaging
- Corrugated packaging
- Folding cartons
The above information is provided for the following regions and countries:
- North America
- Asia Pacific
- South Korea
- Latin America
- Middle East & Africa
- South Africa
- Saudi Arabia
- 3M Company
- HB Fuller
- INEOS Group
- Sika AG
- Henkel AG & Company
- Bostik SA
- Wacker Chemie AG
- Jowat Adhesives
- Ashland Inc
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