Paper and Packaging Industries to Remain Main Pillar of Packaging Adhesives Market: Fact.MR Study

According to a new industry report by Fact.MR, a market research and competitive intelligence company, global demand for packaging adhesives is expected to increase at a significant CAGR of 7.5% from 2023 to 2033. As a result, the global packaging adhesives market is expected to be worth $26.5 billion by the end of 2033.

Adhesives are critical components in the paper and packaging industries. In these industries, rigid packaging, flexible packaging, and other alternatives are gaining appeal. At the moment, the packaging sector is expanding rapidly due to increased demand for appealing design as well as consumer preference for creative and ecological packaging solutions.

Companies involved in the production of packaging adhesives are gravitating towards the creation of long-lasting products. Packaging adhesives are divided into three types: solvent-based, water-based, and hot-melt. The significant rise of the e-Commerce sector is driving the demand for effective solutions, which will drive the demand for packaging adhesives in the future years.

• UPM Specialty Papers has provided data, according to which, the U.S. e-Commerce industry represented around 16% of total spending in the retail sector in 2020.

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Effective packaging adhesives ensure superior viscosity and durability, shorter setting time, and provide visuals to the end product. In recent years, there has been a significant increase in the requirement for packaging adhesives that are water-based due to their low impacts on the environment. These features of packaging adhesives are estimated to lead to novel expansion opportunities for industry players during the forecasted period.

In recent years, numerous industries such as personal care & cosmetics and food & beverages have been undergoing noticeable growth. These industries are predicted to contribute to expansion opportunities for packaging adhesive manufacturers over the coming years.

• According to Shiseido, the sales value of cosmetic products was US$ 1.9 million while, showing an increase of 21%.

Growing use of packaging adhesives for multiple applications–for instance, the packaging of corrugated boxes, paper bags, cartons, and boxes–are anticipated to provide ample opportunities for market players in the years ahead.

Key Takeaways from Market Study

• The global packaging adhesives market has been projected to reach a value of US$ 26.5 billion by the end of 2033.
• The Canadian market is estimated to expand at a high CAGR of 6.1% through 2033.
• The present sales value of packaging adhesives is US$ 12.8 billion.
• The market is forecasted to expand at an impressive CAGR of 7.5% from 2023 to 2033.
• The market in Germany is expected to progress at a CAGR of 5.6% through 2033.

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Segmentation of Packaging Adhesives Industry Research

• By Technology :
  • Water-based
  • Solvent-based
  • Hot-melt
  • Others
• By Application :
  • Corrugated Packaging
  • Cases & Cartons
  • Labeling
  • Flexible Packaging
  • Folding Cartons
  • Specialty Packaging
  • Others
• By Region :
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa

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Competitive Landscape

Manufacturers of packaging adhesives are inclining towards new developments to ensure product standards in the global market. Further, these players are also involved in mergers and acquisitions for the efficient supply chain management.

For instance:

• Henkel, in May 2022 launched a novel RE range of coatings and adhesives which are designed specifically for recycling. These newly launched solutions enable the creation of sustainable flexible packaging at the designing phase.
• Arkema, in December 2021, announced the acquisition of Permoseal in South Africa. The former is one of the key players in the global industry that provide solutions for construction, woodworking, and packaging. This acquisition will help the organization to expand its footprint in South Africa.

Key Companies Profiled

• Wacker Chemie
• Toyochem Co., Ltd.
• Jowat Corp
• Huntsman Corporation
• Paramelt
• Hitachi Chemical Company Ltd.
• Dymax
• Avery Dennison

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