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Pulished Date August, 2021
ID: 12074
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Packaging Adhesives Market Segmented By type (water - based, solvent - based, hot-melt based & others), by material type (acrylics, polyurethane, polyvinyl chloride, polypropylene, others), by application (flexible packaging, folding cartons, boxes & cases, corrugated packaging, specialty packaging, labeling, and others), by end - user (food & beverages, cosmetics, healthcare, and others) and Region, Size, Share, Trends and Growth Analysis Report – Industry Forecast | 2021 to 2026

Pulished: August, 2021
ID: 12074
Pages: 180

Packaging Adhesives Market Value and Growth:

The worldwide market for packaging adhesive was valued at $ 11.6 billion in 2021 and is predicted to reach $ 15.16 billion in 2026, with a CAGR of 5.5%.

The global packaging adhesives market is expanding in the near future as a result there is high demand for packaging in almost every industry specifically in the food & beverages industry and pharmaceutical industry. The process of matching adhesive to end use in this highly regulated business has become vital, with applications ranging from over-the-counter medicines and nutraceuticals to blood bags and needles. Packaging has also become an important component of sales and marketing.

Packaging Adhesives Market Trends:

Due to the growing e-commerce industry, the packaging adhesives market has seen extraordinary growth in recent years. As more people buy online, the necessity for high-performing adhesives and hassle-free packaging is becoming increasingly important for retailers and manufacturers. The trend of internet purchasing, in particular, is paving the way for industry development. The growing necessity of food-safe adhesives is another factor driving packaging adhesives forward. Most packs, such as Glass Bottles, have no adhesive contact with the food item, but most packs, such as Liner cartons, Mono cartons, Flex packs, and so on, have indirect contact. As a result, demand for environmentally friendly adhesives is rising. Starbucks, McDonald's, and Hyatt have all stated that they will no longer use plastic straws and are actively looking for alternatives.

Recent Developments in the Packaging Adhesives Market:

  • In the Asia Pacific area, Bostik has introduced the HERBERTSTM 700 product range of high-performance, sustainable, flexible laminating adhesive solutions for food packaging, industrial, and medical industries. The HERBERTS LF794/H180 and LF728/H128, which are based on polyurethane, solvent-free technology, enable clients to easily meet high production demands and quality performance needs while helping the environment.

  • H.B. Fuller has launched two new compostable solutions for the flexible packaging market: Flextra™ Evolution SF1000CP/XR2000CP and Flextra™ Evolution WB1200CP/XR2200CP. In terms of environmental goals and manufacturing benefits, these solutions provide a number of distinct advantages. 

Packaging Adhesives Market Drivers:

The packaging adhesives industry is being driven by customer preference for packaged foods. Many individuals are adopting ready-to-eat meals as their eating habits change. Noodles, spaghetti, soup, bread, and cereal consumption have increased. The packaged food has a longer shelf life and is more resistant to environmental changes. In addition, the demand for beverages is quickly growing, necessitating packaging. As a result, packing adhesives are in great demand. Non-alcoholic drinks are generally offered in bottles, whereas alcoholic beverages are sold in cans. According to Statista, global consumption of packaged water was surpassed 450 billion litres in 2020, while global consumption of alcoholic drinks was exceeded 244 billion litres. As the need for adhesives in beverage packaging, particularly for labelling, grows, so does the demand for adhesives in beverage packaging. The growing need for flexible packaging is another factor driving the packaging adhesives market. Flexible packaging can readily alter the shape, which is why it is so popular nowadays. Bags, pouches, shrink films, tubes, sleeves, and carded packaging are all made with it. Flexible packaging adhesives for fill packing, horizontal flow packaging, laminating, and lidding have become the packaging market's smart option. Flexible packaging is becoming more popular in various sectors, which is driving up demand for packaging adhesives.

Packaging Adhesives Market Restraints:

Issues regarding product safety due to adhesives may impact the packaging adhesive market.

Opportunities in the Packaging Adhesives Market:

The packaging adhesive industry is projected to grow in the near future due to advancements in adhesive technology. Mechanical, thermal, and electrical characteristics adhesives will develop. Smart adhesives, such as switchable kinds that may bind and deboned in response to physical or chemical stimuli, are being developed, and some are currently commercially accessible.

Challenges in the Packaging Adhesives Market:

The implementation of strict regulations by Adhesive and Sealant Council, Inc. poses a challenge for the expansion of the packaging adhesives market.

REPORT COVERAGE:

REPORT METRIC

DETAILS

Market Size Available

2020 – 2025

Base Year

2020

Forecast Period

2021 - 2026

CAGR

5.5%

Segments Covered

By Product, Type, Consumption, Distribution Channel and Region

Various Analyses Covered

Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities

Regions Covered

North America, Europe, APAC, Latin America, Middle East & Africa

 

Market Leaders Profiled

3M Company, Arkema, Ashland Global, Avery Dennison Corporation, Dymax Corporation,H.B. Fuller, Henkel AG & Co., Jowat SE,The DOW Chemical Company, Paramelt RMC B.V.

Packaging Adhesives Market Segmentation:

By Type:

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

On a type basis, the water-based adhesives segment is predicted to be the fastest - growing market during the foreseen period, had the largest share in 2021.

By Substrate Material Type:

  • Acrylics
  • Polyurethane
  • Polyvinyl Chloride
  • Polypropylene
  • Others

In terms of substrate material type, the Polyvinyl Chloride segment accounted for the largest market share and is predicted to grow at the highest CAGR over the foreseen period. 

By Application:

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

In terms of application, labeling segment accounted for the largest market share and is predicted to grow at the highest CAGR over the foreseen period.

By End - User:

  • Food & Beverages

  • Cosmetics

  • Healthcare

  • Others

By application, the food and beverage segment are predicted to grow at the highest rate due to the high call for food and beverage packaging, as it provides durability, product protection and extends product life.

Packaging Adhesives Market Regional Analysis:

 The Packaging Adhesives Report includes the segmentation of regions:

  •  North America 

  •  Europe 

  •  Asia Pacific 

  •  Latin America 

  •  Middle East & Africa 

Due to growing disposable income and changing consumer lifestyles, the Asia-Pacific region is expected to account for the biggest share of the global packaging adhesive market by value in 2021, followed by North America and Europe. This is because of driving demand for packaged food and drinks in the area. The Asia-Pacific region is expected to expand the most over the forecasted period, owing to strong demand from nations such as China, Japan, and India. Key companies' initiatives also contribute to market expansion in the Asia Pacific area. For example, Bostik, a major worldwide adhesive specialist for industrial, construction, and consumer sectors announced in March 2019 that Kizen®, the next generation of hot melt adhesives for box and carton sealing, will be available throughout Asia. This, in turn, is expected to propel the packaging adhesive industry forward. The packaging adhesive market in North America is growing and developing; between 2021 and 2026, the US and Canadian markets are expected to witness the fastest growth rates. Manufacturers are concentrating their efforts on creating low-cost packaging adhesives. The growing importance of the e-commerce sector, as well as the rising need for paper and cardboard packagings, such as folding, corrugated or cardboard, protective envelopes, and others, are driving the market forward. Furthermore, in emerging nations such as India, China, and Indonesia, increased disposable income boosts consumers' purchasing power. As a result, consumers are more inclined to rely on processed, pre - cooked, and packaged meals. As a result, the packaging adhesives industry has been positively impacted.

Impact of COVID-19 on Packaging Adhesives Market:

The COVID – 19 pandemics highlighted the significance of business to the health and safety of society. Demand is increased by all products, including medications, food, medical devices, and a range of other goods such as personal protective equipment (PPE), ventilators, and medical equipment. Packaging is essential in the distribution of these items in this environment. As a result, packaging adhesives are in high demand. The distribution supply chain and warehousing have been an important element of the healthcare sector with the advent of vaccines. The healthcare business has made proper packaging for transport and storage a top concern. The need for packaging adhesive has skyrocketed for vaccination cartons and labels. In addition, internet purchasing expanded rapidly in this covid - 19 scenarios to minimise cross - contamination. According to Statista, worldwide retail e-commerce sales increased by more than 25% in the year of the epidemic. Packaging adhesive market growth is also influenced by consumer demand for safe packaged foods. Nonetheless, in many countries, the second wave of covid – 19 may indicate sluggish market development.

Packaging Adhesive Market Key Players:

The major players covered in the packaging adhesive market report are 

 

 

1. Introduction                                 

                1.1 Market Definition                    

                1.2 Scope of the report                 

                1.3 Study Assumptions                 

                1.4 Base Currency, Base Year and Forecast Periods                           

2. Research Methodology                                           

                2.1 Analysis Design                         

                2.2 Research Phases                      

                                2.2.1 Secondary Research           

                                2.2.2 Primary Research 

                                2.2.3 Data Modelling     

                                2.2.4 Expert Validation  

                2.3 Study Timeline                          

3. Report Overview                                        

                3.1 Executive Summary                

                3.2 Key Inferencees                       

4. Market Dynamics                                       

                4.1 Impact Analysis                        

                                4.1.1 Drivers      

                                4.1.2 Restaints 

                                4.1.3 Opportunities        

                4.2 Regulatory Environment                       

                4.3 Technology Timeline & Recent Trends                            

5. Competitor Benchmarking Analysis                                    

                5.1 Key Player Benchmarking                     

                                5.1.1 Market share analysis         

                                5.1.2 Products/Service 

                                5.1.3 Regional Presence

                5.2 Mergers & Acquistion Landscape                      

                5.3 Joint Ventures & Collaborations                        

6. Market Segmentation                                              

                6.1 Packaging Adhesives Market, By Type                            

                                6.1.1 Water-based Adhesives    

                                6.1.2 Solvent-based Adhesives  

                                6.1.3 Hot-melt Adhesives            

                                6.1.4 Market Size Estimations & Forecasts (2021-2026)   

                                6.1.5 Y-o-Y Growth Rate Analysis              

                                6.1.6 Market Attractiveness Index           

                6.2 Packaging Adhesives Market, By Substrate Material Type                      

                                6.2.1 Acrylics     

                                6.2.2 Polyurethane        

                                6.2.3 Polyvinyl Chloride

                                6.2.4 Polypropylene      

                                6.2.5 Others      

                                6.2.6 Market Size Estimations & Forecasts (2021-2026)   

                                6.2.7 Y-o-Y Growth Rate Analysis              

                                6.2.8 Market Attractiveness Index           

                6.3 Packaging Adhesives Market, By Application                

                                6.3.1 Flexible Packaging

                                6.3.2 Folding Cartons     

                                6.3.3 Boxes & Cases       

                                6.3.4 Corrugated Packaging        

                                6.3.5 Specialty Packaging             

                                6.3.6 Labeling   

                                6.3.7 Others      

                                6.3.8 Market Size Estimations & Forecasts (2021-2026)   

                                6.3.9 Y-o-Y Growth Rate Analysis              

                                6.3.10 Market Attractiveness Index        

                6.4 Packaging Adhesives Market, BY End - User                  

                                6.4.1 Food & Beverages

                                6.4.2 Cosmetics

                                6.4.3 Healthcare              

                                6.4.4 Others      

                                6.4.5 Market Size Estimations & Forecasts (2021-2026)   

                                6.4.6 Y-o-Y Growth Rate Analysis              

                                6.4.7 Market Attractiveness Index           

7. Geographical Landscape                                         

                7.1 Global Identity Governance and Administration Market, by Region                    

                7.2 North America - Market Analysis (2021 - 2026)                            

                                7.2.1 By Country              

                                                7.2.1.1 USA

                                                7.2.1.2 Canada

                                7.2.2 By Type    

                                7.2.3 By Substrate Material Type              

                                7.2.4 By Application       

                                7.2.5 BY End - User         

                7.3 Europe                         

                                7.3.1 By Country              

                                                7.3.1.1 UK

                                                7.3.1.2 France

                                                7.3.1.3 Germany

                                                7.3.1.4 Spain

                                                7.3.1.5 Italy

                                                7.3.1.6 Rest of Europe

                                7.3.2 By Type    

                                7.3.3 By Substrate Material Type              

                                7.3.4 By Application       

                                7.3.5 BY End - User         

                7.4 Asia Pacific                  

                                7.4.1 By Country              

                                                7.4.1.1 China

                                                7.4.1.2 India

                                                7.4.1.3 Japan

                                                7.4.1.4 South Korea

                                                7.4.1.5 South East Asia

                                                7.4.1.6 Australia & NZ

                                                7.4.1.7 Rest of Asia-Pacific

                                7.4.2 By Type    

                                7.4.3 By Substrate Material Type              

                                7.4.4 By Application       

                                7.4.5 BY End - User         

                7.5 Latin America                            

                                7.5.1 By Country              

                                                7.5.1.1 Brazil

                                                7.5.1.2 Argentina

                                                7.5.1.3 Mexico

                                                7.5.1.4 Rest of Latin America

                                7.5.2 By Type    

                                7.5.3 By Substrate Material Type              

                                7.5.4 By Application       

                                7.5.5 BY End - User         

                7.6 Middle East and Africa                           

                                7.6.1 By Country              

                                                7.6.1.1 Middle East

                                                7.6.1.2 Africa

                                7.6.2 By Type    

                                7.6.3 By Substrate Material Type              

                                7.6.4 By Application       

                                7.6.5 BY End - User         

8. Key Player Analysis                                    

                8.1 3M Company                             

                                8.1.1 Business Description           

                                8.1.2 Products/Service 

                                8.1.3 Financials 

                                8.1.4 SWOT Analysis      

                                8.1.5 Recent Developments       

                                8.1.6 Analyst Overview 

                8.2 Arkema                        

                8.3 Ashland Global                          

                8.4 Avery Dennison Corporation               

                8.5 Dymax Corporation                 

                8.6 H.B. Fuller                   

                8.7 Henkel AG & Co.                       

                8.8 Jowat SE                      

                8.9 The DOW Chemical Company                             

                8.10 Paramelt RMC B.V.                               

9. Market Outlook & Investment Opportunities                                 

Appendix                                           

                List of Tables                     

                List of Figures                   

  • Global, regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped

  • Segment-level analysis in terms of technology, component, and type along with market size forecasts and estimations to detect key areas of industry growth in detail

  • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics

  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis

  • Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analysing the level of competition and business strategy development

  • A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment

  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies

  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions

  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market

  1. Global Packaging Adhesives Market By Region, From 2021-2026 ( USD Billion )

  2. Global Packaging Adhesives Market By Type, From 2021-2026 ( USD Billion )

  3. Global Water-based Adhesives Market By Region, From 2021-2026 ( USD Billion )

  4. Global Solvent-based Adhesives Market By Region, From 2021-2026 ( USD Billion )

  5. Global Hot-melt Adhesives Market By Region, From 2021-2026 ( USD Billion )

  6. Global Packaging Adhesives Market By Substrate Material Type, From 2021-2026 ( USD Billion )

  7. Global Acrylics Market By Region, From 2021-2026 ( USD Billion )

  8. Global Polyurethane Market By Region, From 2021-2026 ( USD Billion )

  9. Global Polyvinyl Chloride Market By Region, From 2021-2026 ( USD Billion )

  10. Global Polypropylene Market By Region, From 2021-2026 ( USD Billion )

  11. Global Others Market By Region, From 2021-2026 ( USD Billion )

  12. Global Packaging Adhesives Market By Application, From 2021-2026 ( USD Billion )

  13. Global Flexible Packaging Market By Region, From 2021-2026 ( USD Billion )

  14. Global Folding Cartons Market By Region, From 2021-2026 ( USD Billion )

  15. Global Boxes & Cases Market By Region, From 2021-2026 ( USD Billion )

  16. Global Corrugated Packaging Market By Region, From 2021-2026 ( USD Billion )

  17. Global Specialty Packaging Market By Region, From 2021-2026 ( USD Billion )

  18. Global Labeling Market By Region, From 2021-2026 ( USD Billion )

  19. Global Others Market By Region, From 2021-2026 ( USD Billion )

  20. Global Packaging Adhesives Market By End - User, From 2021-2026 ( USD Billion )

  21. Global Food & Beverages Market By Region, From 2021-2026 ( USD Billion )

  22. Global Cosmetics Market By Region, From 2021-2026 ( USD Billion )

  23. Global Healthcare Market By Region, From 2021-2026 ( USD Billion )

  24. Global Others Market By Region, From 2021-2026 ( USD Billion )

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