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Packaging Adhesives Market Trends

Report ID: GMI7019
Published Date: Oct 2023
Report Format: PDF

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Packaging Adhesives Market Trends

The packaging industry is increasingly incorporating smart technologies, such as QR codes and RFID tags, into the packaging to provide consumers with information, traceability, and engagement opportunities. Adhesives used in smart packaging applications must be compatible with these technologies. Advances in digital printing technologies have created opportunities for adhesives that can work effectively with digitally printed labels and packaging. These adhesives should offer high-quality graphics and vibrant colors.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

Market size packaging adhesives was valued at USD 15.83 billion in 2023 and is anticipated to register a CAGR of over 4% between 2024 and 2032, owing to the rapid expansion of e-commerce.

The flexible packaging segment accounted for over 35% market share in 2022 and is projected to grow through 2032 as this packaging offers easy resealability, portability, and portion control, driving the demand for adhesives for sealing & resealing.

North America market for packaging adhesives accounted for a major share of around 25% in 2022 as the consumers in the region seek convenient and easy-to-use packaging solutions, which along with the rapid expansion of e-commerce is driving the demand for secure, tamper-evident packaging.

Henkel AG & Co. KGaA, 3M Company, H.B. Fuller, Bostik (a subsidiary of Arkema Group), Avery Dennison Corporation, Dow Inc. and Ashland Global Holdings Inc.