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Global Packaging Adhesives Market by Resin Type (Polyurethane, Acrylics, PVA), Technology (Solvent-based, Water-Based, Hot-Melt), Application (Case & Carton, Corrugated Packaging, Labeling, Flexible Packaging, Folding Cartons), and Region - Forecast to 2028

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    Report

  • 280 Pages
  • July 2023
  • Region: Global
  • Markets and Markets
  • ID: 5846749
Description Jump to:

Growing E-Commerce and Online Retail Industry 

The packaging adhesive market is projected to register a CAGR of 3.2% between 2023 and 2028, in terms of value.

The packaging adhesive market size is projected to reach USD 18.6 billion by 2028 at a CAGR of 3.2% from USD 15.3 billion in 2022. The PVA, by resin segment is estimated to account for the largest share of the packaging adhesives market in 2022.  

Polyvinyl Acetate (PVA), by resin type to account for the largest share of packaging adhesives market.

PVA is a synthetic polymer with superior adhesive capabilities.  PVA-based adhesives are effective at adhering to a range of packaging materials, including paper, cardboard, and some plastics, while also providing good bonding strength, flexibility, and adherence. It works nicely with porous materials including leather, paper, cardboard, and wood. Due to its adaptability, non-toxic makeup, quick drying time, strong adhesion, and simplicity of use, PVA-based packaging adhesives are frequently utilised. They are an affordable solution for many packaging applications and offer dependable bonding for a variety of packaging materials.

Water-based technology accounted for the fastest growing segment of packaging adhesives market.

Due to their many advantages over alternative adhesive formulations, water-based packaging adhesives have grown in popularity. Water-based technology is gaining popularity among makers of packaging adhesives as a result of increased environmental concerns and stricter VOC regulations, which are driving up demand from the packaging sector for food packaging, consumer goods packaging, and industrial goods packaging. The need for water-based packing adhesives has gone up as a result.

Corrugated packaging, by application accounted for the largest growing segment of packaging adhesives market.

The majority of packaging adhesives are used in corrugated packaging. Because there is a growing demand for packaged food goods, this category is anticipated to dominate the entire packaging adhesives market. Corrugated cartons are built from numerous layers of materials as opposed to cardboard, which simply contains a single sheet. A corrugated box is made up of three layers of corrugated: an interior liner, an outside liner, and a fluted medium sandwiched between the two. Corrugated packaging has prospects as a result of the rising need for packaging adhesives.

Asia Pacific, by region is forecasted to be the second fastest growing segment of packaging adhesives market during the forecast period.

High demand from the expanding packaging and e-commerce industries is credited with driving the expansion. The market has been growing as a result of increased packaged products consumption, online shopping, expanded manufacturing, and the demand for creative and environmentally friendly packaging. The need for packaged food, beverages, personal care items, and other consumer goods has increased due to the region's expanding population, rising disposable income, and changing lifestyle, which has raised the demand for packaging adhesives.

Breakdown of Primary Interviews:

  • By Company Type: Tier 1 - 60%, Tier 2 - 30%, and Tier 3 -  10%
  • By Designation: C Level - 40%, D Level - 50%, and Others - 10%
  • By Region: Asia Pacific - 32%, North America - 32%, Europe - 21%, South America- 10%, and the Middle East & Africa - 5%

The key companies profiled in this report are Henkel AG (Germany), 3M (US), H.B. Fuller (US), The Dow Chemical Company (US), Arkema S.A. (France).

Research Coverage:
The packaging adhesives market has been segmented based on Technology (Water-based, Solvent-based, Hot Melt, Others), Application (Case & Carton, Corrugated Packaging, Labeling, Flexible Packaging, Folding Cartons, Specialty Packaging, Others), and by Region (North America, Europe, Asia Pacific, Middle East & Africa, South America).

This report provides insights on the following pointers:

  • Analysis of key drivers (Growth in packaging industry, Growing e-commerce and online retail industry, Rising demand from the Asia Pacific region, Growing demand from the packaged food industry), restraints (Stringent government regulations in North America and Europe), opportunities (Emerging markets like Asia Pacific and Middle East & Africa), and challenges (Environmental sustainability) influencing the growth of the packaging adhesives market.
  • Product Development/Innovation: Detailed insight of upcoming technologies, research & development activities, and new product launch in the packaging adhesives market.
  • Market Development: Comprehensive information about lucrative markets - the report analyses the packaging adhesives market across varied regions.
  • Market Diversiification: Exclusive information about the new products & service untapped geographies, recent developments, and investments in packaging adhesives market.
  • Competitive Assessment: In-depth assessment of market shares, growth strategies and service offerings of leading players like Henkel AG (Germany), 3M (US), H.B. Fuller (US), The Dow Chemical Company (US), Arkema S.A. (France), among other in the packaging adhesives market.

Table of Contents

1 Introduction
1.1 Study Objectives
1.2 Market Definition
1.3 Inclusions and Exclusions
1.3.1 Inclusions
1.3.2 Exclusions
1.4 Market Scope
Figure 1 Market Segmentation
1.4.1 Regions Covered
1.4.2 Years Considered
1.5 Currency Considered
1.6 Unit Considered
1.7 Stakeholders
1.8 Summary of Changes

2 Research Methodology
2.1 Research Data
Figure 2 Packaging Adhesives Market: Research Design
2.1.1 Secondary Data
2.1.1.1 Key Data from Secondary Sources
2.1.2 Primary Data
2.1.2.1 Key Primary Data Sources
2.1.2.2 Key Data from Primary Sources
2.1.2.3 Key Industry Insights
2.1.2.4 Breakdown of Primary Interviews
2.2 Market Size Estimation
2.2.1 Bottom-Up Approach
Figure 3 Market Size Estimation: Bottom-Up Approach
2.2.2 Top-Down Approach
Figure 4 Market Size Estimation: Top-Down Approach
Figure 5 Packaging Adhesives Market Size Estimation, by Volume
2.3 Market Forecast Approach
2.3.1 Supply-Side Forecast
2.3.2 Demand-Side Forecast
2.4 Market Breakdown and Data Triangulation
Figure 6 Packaging Adhesives Market: Data Triangulation
2.5 Factor Analysis
2.6 Recession Impact
2.7 Assumptions
2.8 Risk Assessment
2.9 Limitations
2.10 Growth Forecast

3 Executive Summary
Table 1 Packaging Adhesives Market Snapshot, 2023 vs. 2028
Figure 7 North America to Lead Global Packaging Adhesives Market
Figure 8 Corrugated Packaging Application to Lead Overall Packaging Adhesives Market
Figure 9 Water-based Technology Segment to Register Highest CAGR
Figure 10 Pva Packaging Adhesives Account for Largest Share of Market
Figure 11 Middle East & Africa to Grow at Highest CAGR

4 Premium Insights
4.1 Significant Opportunities for Players in Packaging Adhesives Market
Figure 12 Packaging Adhesives Market to Witness High Growth Between 2023 and 2028
4.2 Packaging Adhesives Market Growth, by Resin
Figure 13 Pva to be Dominating Segment in Overall Packaging Adhesives Market
4.3 North America: Packaging Adhesives Market, by Country
Figure 14 US to Witness Highest Growth in Packaging Adhesives Market
4.4 North America: Packaging Adhesives Market, by Application and Country
Figure 15 Corrugated Packaging Was Largest Application of Packaging Adhesives
4.5 Packaging Adhesives Market, Developed vs. Emerging Countries
Figure 16 Market in Emerging Countries to Grow Faster Than in Developed Countries
4.6 Packaging Adhesives Market Attractiveness
Figure 17 India Emerging as Lucrative Market for Packaging Adhesives

5 Market Overview
5.1 Introduction
5.2 Value Chain Analysis
Figure 18 Value Chain Analysis of Packaging Adhesives Market
Table 2 Supply Chain Ecosystem
5.3 Market Dynamics
Figure 19 Drivers, Restraints, Opportunities, and Challenges in Packaging Adhesives Market
5.3.1 Drivers
5.3.1.1 Growing Packaging Industry
5.3.1.2 Growing E-Commerce and Online Retail Industry
5.3.1.3 Rising Demand from Asia-Pacific
5.3.1.4 Growing Demand from Packaged Food Industry
5.3.2 Restraints
5.3.2.1 Stringent Government Regulations in North America and Europe
5.3.3 Opportunities
5.3.3.1 Emerging Markets Such as Asia-Pacific and Middle East & Africa
5.3.4 Challenges
5.3.4.1 Environmental Sustainability
5.4 Porter's Five Forces Analysis
Table 3 Packaging Adhesives Market: Porter's Five Forces Analysis
Figure 20 Porter's Five Forces Analysis: Packaging Adhesives Market
5.4.1 Threat of New Entrants
5.4.2 Threat of Substitutes
5.4.3 Bargaining Power of Buyers
5.4.4 Bargaining Power of Suppliers
5.4.5 Intensity of Competitive Rivalry
5.5 Key Stakeholders & Buying Criteria
5.5.1 Key Stakeholders in Buying Process
Figure 21 Influence of Stakeholders on Buying Process
Table 4 Influence of Stakeholders on Buying Process for Top Industries (%)
5.5.2 Buying Criteria
Figure 22 Key Buying Criteria for Packaging Adhesives
Table 5 Key Buying Criteria for Packaging Adhesives
5.6 Macroeconomic Indicators
5.6.1 Introduction
5.6.2 GDP Trends and Forecasts
Table 6 GDP Trends and Forecasts, Percentage Change, 2018-2028
5.7 Key Industry Trends
5.7.1 Trends in Packaging Industry
5.7.1.1.1 Economic and Demographic Growth
5.7.1.1.2 Sustainability
5.7.1.1.3 Consumer Trends
5.7.1.1.4 Brand Owner Trends
5.8 Global Economic Scenario Affecting Market Growth
5.8.1 China
5.8.1.1 China's Debt Problem
5.8.1.2 Australia-China Trade War
5.8.1.3 Environmental Commitments
5.8.2 Europe
5.8.2.1 Political Instability in Germany
5.8.2.2 Energy Crisis in Europe
5.9 Ecosystem and Interconnected Markets
Figure 23 Adhesives Ecosystem
5.10 Trends/Disruptions Impacting Buyers/Customers
Figure 24 Trends/Disruptions Impacting Buyers/Customers: Yc and Ycc Shift
5.11 Pricing Analysis
Figure 25 Average Price Competitiveness in Packaging Adhesives Market, by Region
Figure 26 Average Price Competitiveness in Packaging Adhesives Market, by Resin Type
Figure 27 Average Price Competitiveness in Packaging Adhesives Market, by Technology
Figure 28 Average Price Competitiveness in Packaging Adhesives Market, by Application
Figure 29 Average Price Competitiveness in Packaging Adhesives Market, by Company
5.12 Case Study
5.12.1 Case Study 1: Laminating Urethane for Flexible Packaging
5.12.2 Case Study 2: Food Packaging Films That Can Reduce Material Use while Maintaining Performance
5.13 Technology Analysis
5.14 Regulatory Landscape
Table 7 Most Common Flexible Packaging Structures
5.15 Trade Data Statistics: Key Exporting and Importing Countries
5.15.1 Adhesives Trade Scenario 2020-2022
Table 8 Country-Wise Export Data, 2020-2022 (USD Thousand)
Table 9 Country-Wise Import Data, 2020-2022 (USD Thousand)
5.16 Patent Analysis
5.16.1 Methodology
5.16.2 Publication Trends
Table 10 Patent Publication Trends: Document Count
Figure 30 Patent Publication Trends: Document Count
Figure 31 Number of Patents Published, 2018-2023
5.16.3 Legal Status of Patents
5.16.4 Top Jurisdiction
Figure 32 Number of Patents Published, by Jurisdiction
5.16.5 Top Applicants
Figure 33 Patents Published by Major Applicants
Table 11 Top 10 Patent Owners During Last Few Years
5.17 Regulatory Bodies, Government Agencies, and Other Organizations
Table 12 North America: List of Regulatory Bodies, Government Agencies, and Other Organizations
Table 13 Europe: List of Regulatory Bodies, Government Agencies, and Other Organizations
Table 14 Asia-Pacific: List of Regulatory Bodies, Government Agencies, and Other Organizations
5.18 Key Conferences & Events, 2023-2024
Table 15 Detailed List of Conferences & Events

6 Packaging Adhesives Market, by Resin
6.1 Introduction
Figure 34 Pva to Dominant Resin Segment in Overall Packaging Adhesives Market
Table 16 Packaging Adhesives Market, by Resin, 2020-2022 (USD Million)
Table 17 Packaging Adhesives Market, by Resin, 2023-2028 (USD Million)
Table 18 Packaging Adhesives Market, by Resin, 2020-2022 (Kiloton)
Table 19 Packaging Adhesives Market, by Resin, 2023-2028 (Kiloton)
6.2 Polyurethane
6.2.1 Rising Demand from Asia-Pacific to Drive Market
Table 20 Polyurethane Packaging Adhesives Market, by Region, 2020-2022 (USD Million)
Table 21 Polyurethane Packaging Adhesives Market, by Region, 2023-2028 (USD Million)
Table 22 Polyurethane Packaging Adhesives Market, by Region, 2020-2022 (Kiloton)
Table 23 Polyurethane Packaging Adhesives Market, by Region, 2023-2028 (Kiloton)
6.3 Acrylic
6.3.1 Demand from Packaging Industry to Drive Market
Table 24 Acrylic Packaging Adhesives Market, by Region, 2020-2022 (USD Million)
Table 25 Acrylic Packaging Adhesives Market, by Region, 2023-2028 (USD Million)
Table 26 Acrylic Packaging Adhesives Market, by Region, 2020-2022 (Kiloton)
Table 27 Acrylic Packaging Adhesives Market, by Region, 2023-2028 (Kiloton)
6.4 Pva
6.4.1 Pva to Dominate Overall Packaging Applications
Table 28 Pva Packaging Adhesives Market, by Region, 2020-2022 (USD Million)
Table 29 Pva Packaging Adhesives Market, by Region, 2023-2028 (USD Million)
Table 30 Pva Packaging Adhesives Market, by Region, 2020-2022 (Kiloton)
Table 31 Pva Packaging Adhesives Market, by Region, 2023-2028 (Kiloton)
6.5 Others
Table 32 Other Packaging Adhesives Market, by Region, 2020-2022 (USD Million)
Table 33 Other Packaging Adhesives Market, by Region, 2023-2028 (USD Million)
Table 34 Other Packaging Adhesives Market, by Region, 2020-2022 (Kiloton)
Table 35 Other Packaging Adhesives Market, by Region, 2023-2028 (Kiloton)

7 Packaging Adhesives Market, by Technology
7.1 Introduction
Figure 35 Water-based Adhesives to Lead Packaging Adhesives Market During Forecast Period
Table 36 Packaging Adhesives Market, by Technology, 2020-2022 (USD Million)
Table 37 Packaging Adhesives Market, by Technology, 2023-2028 (USD Million)
Table 38 Packaging Adhesives Market, by Technology, 2020-2022 (Kiloton)
Table 39 Packaging Adhesives Market, by Technology, 2023-2028 (Kiloton)
7.2 Water Based
Table 40 Water-based Packaging Adhesives Market, by Region, 2020-2022 (USD Million)
Table 41 Water-based Packaging Adhesives Market, by Region, 2023-2028 (USD Million)
Table 42 Water-based Packaging Adhesives Market, by Region, 2020-2022 (Kiloton)
Table 43 Water-based Packaging Adhesives Market, by Region, 2023-2028 (Kiloton)
7.3 Solvent Based
Table 44 Solvent-based Packaging Adhesives Market, by Region, 2020-2022 (USD Million)
Table 45 Solvent-based Packaging Adhesives Market, by Region, 2023-2028 (USD Million)
Table 46 Solvent-based Packaging Adhesives Market, by Region, 2020-2022 (Kiloton)
Table 47 Solvent-based Packaging Adhesives Market, by Region, 2023-2028 (Kiloton)
7.4 Hot Melt
Table 48 Hot-Melt-based Packaging Adhesives Market, by Region, 2020-2022 (USD Million)
Table 49 Hot-Melt-based Packaging Adhesives Market, by Region, 2023-2028 (USD Million)
Table 50 Hot-Melt-based Packaging Adhesives Market, by Region, 2020-2022 (Kiloton)
Table 51 Hot-Melt-based Packaging Adhesives Market, by Region, 2023-2028 (Kiloton)
7.5 Others
Table 52 Other Technologies-based Packaging Adhesives Market, by Region, 2020-2022 (USD Million)
Table 53 Other Technologies-based Packaging Adhesives Market, by Region, 2023-2028 (USD Million)
Table 54 Other Technologies-based Packaging Adhesives Market, by Region, 2020-2022 (Kiloton)
Table 55 Other Technologies-based Packaging Adhesives Market, by Region, 2023-2028 (Kiloton)

8 Packaging Adhesives Market, by Application
8.1 Introduction
Figure 36 Corrugated Packaging Application to Dominate Overall Packaging Adhesives
Table 56 Packaging Adhesives Market, by Application, 2020-2022 (USD Million)
Table 57 Packaging Adhesives Market, by Application, 2023-2028 (USD Million)
Table 58 Packaging Adhesives Market, by Application, 2020-2022 (Kiloton)
Table 59 Packaging Adhesives Market, by Application, 2023-2028 (Kiloton)
8.2 Case & Carton
8.2.1 Growing E-Commerce Industry to Drive Demand for Reliable Case and Carton Packaging Adhesive
Table 60 Packaging Adhesives Market in Case & Carton, by Region, 2020-2022 (USD Million)
Table 61 Packaging Adhesives Market in Case & Carton, by Region, 2023-2028 (USD Million)
Table 62 Packaging Adhesives Market in Case & Carton, by Region, 2020-2022 (Kiloton)
Table 63 Packaging Adhesives Market in Case & Carton, by Region, 2023-2028 (Kiloton)
8.3 Corrugated Packaging
8.3.1 Growing Emphasis on Branding and Visual Appeal to Drive Demand
Table 64 Packaging Adhesives Market in Corrugated Packaging, by Region, 2020-2022 (USD Million)
Table 65 Packaging Adhesives Market in Corrugated Packaging, by Region, 2023-2028 (USD Million)
Table 66 Packaging Adhesives Market in Corrugated Packaging, by Region, 2020-2022 (Kiloton)
Table 67 Packaging Adhesives Market in Corrugated Packaging, by Region, 2023-2028 (Kiloton)
8.4 Labeling
8.4.1 Sustainability Concerns to Drive Demand for Eco-Friendly Labeling Solutions
Table 68 Packaging Adhesives Market in Labeling, by Region, 2020-2022 (USD Million)
Table 69 Packaging Adhesives Market in Labeling, by Region, 2023-2028 (USD Million)
Table 70 Packaging Adhesives Market in Labeling, by Region, 2020-2022 (Kiloton)
Table 71 Packaging Adhesives Market in Labeling, by Region, 2023-2028 (Kiloton)
8.5 Flexible Packaging
8.5.1 Flexible Packaging Offers Convenience in Terms of Easy Opening, Resealing, and Portability
Table 72 Packaging Adhesives Market in Flexible Packaging, by Region, 2020-2022 (USD Million)
Table 73 Packaging Adhesives Market in Flexible Packaging, by Region, 2023-2028 (USD Million)
Table 74 Packaging Adhesives Market in Flexible Packaging, by Region, 2020-2022 (Kiloton)
Table 75 Packaging Adhesives Market in Flexible Packaging, by Region, 2023-2028 (Kiloton)
8.6 Folding Cartons
8.6.1 Folding Cartons Offer Cost Advantages in Terms of Material, Production, and Transportation Costs
Table 76 Packaging Adhesives Market in Folding Cartons, by Region, 2020-2022 (USD Million)
Table 77 Packaging Adhesives Market in Folding Cartons, by Region, 2023-2028 (USD Million)
Table 78 Packaging Adhesives Market in Folding Cartons, by Region, 2020-2022 (Kiloton)
Table 79 Packaging Adhesives Market in Folding Cartons, by Region, 2023-2028 (Kiloton)
8.7 Specialty Packaging
8.7.1 Increased Focus on Sustainability
Table 80 Packaging Adhesives Market in Specialty Packaging, by Region, 2020-2022 (USD Million)
Table 81 Packaging Adhesives Market in Specialty Packaging, by Region, 2023-2028 (USD Million)
Table 82 Packaging Adhesives Market in Specialty Packaging, by Region, 2020-2022 (Kiloton)
Table 83 Packaging Adhesives Market in Specialty Packaging, by Region, 2023-2028 (Kiloton)
8.8 Others
Table 84 Packaging Adhesives Market in Other Applications, by Region, 2020-2022 (USD Million)
Table 85 Packaging Adhesives Market in Other Applications, by Region, 2023-2028 (USD Million)
Table 86 Packaging Adhesives Market in Other Applications, by Region, 2020-2022 (Kiloton)
Table 87 Packaging Adhesives Market in Other Applications, by Region, 2023-2028 (Kiloton)

9 Packaging Adhesives Market, by Region
9.1 Introduction
Figure 37 North America to be Largest Packaging Adhesives Market
Table 88 Packaging Adhesives Market, by Region, 2020-2022 (USD Million)
Table 89 Packaging Adhesives Market, by Region, 2023-2028 (USD Million)
Table 90 Packaging Adhesives Market, by Region, 2020-2022 (Kiloton)
Table 91 Packaging Adhesives Market, by Region, 2023-2028 (Kiloton)
9.2 North America
9.2.1 Recession Impact
Figure 38 North America: Packaging Adhesives Market Snapshot
Table 92 North America: Packaging Adhesives Market, by Country, 2020-2022 (USD Million)
Table 93 North America: Packaging Adhesives Market, by Country, 2023-2028 (USD Million)
Table 94 North America: Packaging Adhesives Market, by Country, 2020-2022 (Kiloton)
Table 95 North America: Packaging Adhesives Market, by Country, 2023-2028 (Kiloton)
Table 96 North America: Packaging Adhesives Market, by Resin, 2020-2022 (USD Million)
Table 97 North America: Packaging Adhesives Market, by Resin, 2023-2028 (USD Million)
Table 98 North America: Packaging Adhesives Market, by Resin, 2020-2022 (Kiloton)
Table 99 North America: Packaging Adhesives Market, by Resin, 2023-2028 (Kiloton)
Table 100 North America: Packaging Adhesives Market, by Technology, 2020-2022 (USD Million)
Table 101 North America: Packaging Adhesives Market, by Technology, 2023-2028 (USD Million)
Table 102 North America: Packaging Adhesives Market, by Technology, 2020-2022 (Kiloton)
Table 103 North America: Packaging Adhesives Market, by Technology, 2023-2028 (Kiloton)
Table 104 North America: Packaging Adhesives Market, by Application, 2020-2022 (USD Million)
Table 105 North America: Packaging Adhesives Market, by Application, 2023-2028 (USD Million)
Table 106 North America: Packaging Adhesives Market, by Application, 2020-2022 (Kiloton)
Table 107 North America: Packaging Adhesives Market, by Application, 2023-2028 (Kiloton)
9.2.2 US
9.2.2.1 Sustainability and Environmental Concerns to Drive Demand
Table 108 US: Packaging Adhesives Market, by Volume & Value, 2020-2022
Table 109 US: Packaging Adhesives Market, by Volume & Value, 2023-2028
9.2.3 Canada
9.2.3.1 Changing Consumer Preferences to Drive Market
Table 110 Canada: Packaging Adhesives Market, by Volume & Value, 2020-2022
Table 111 Canada: Packaging Adhesives Market, by Volume & Value, 2023-2028
9.2.4 Mexico
9.2.4.1 Growing E-Commerce Industry to Drive Demand
Table 112 Mexico: Packaging Adhesives Market, by Volume & Value, 2020-2022
Table 113 Mexico: Packaging Adhesives Market, by Volume & Value, 2023-2028
9.3 Europe
9.3.1 Recession Impact
Figure 39 Europe: Packaging Adhesives Market Snapshot
Table 114 Europe: Packaging Adhesives Market, by Country, 2020-2022 (USD Million)
Table 115 Europe: Packaging Adhesives Market, by Country, 2023-2028 (USD Million)
Table 116 Europe: Packaging Adhesives Market, by Country, 2020-2022 (Kiloton)
Table 117 Europe: Packaging Adhesives Market, by Country, 2023-2028 (Kiloton)
Table 118 Europe: Packaging Adhesives Market, by Resin, 2020-2022 (USD Million)
Table 119 Europe: Packaging Adhesives Market, by Resin, 2023-2028 (USD Million)
Table 120 Europe: Packaging Adhesives Market, by Resin, 2020-2022 (Kiloton)
Table 121 Europe: Packaging Adhesives Market, by Resin, 2023-2028 (Kiloton)
Table 122 Europe: Packaging Adhesives Market, by Technology, 2020-2022 (USD Million)
Table 123 Europe: Packaging Adhesives Market, by Technology, 2023-2028 (USD Million)
Table 124 Europe: Packaging Adhesives Market, by Technology, 2020-2022 (Kiloton)
Table 125 Europe: Packaging Adhesives Market, by Technology, 2023-2028 (Kiloton)
Table 126 Europe: Packaging Adhesives Market, by Application, 2020-2022 (USD Million)
Table 127 Europe: Packaging Adhesives Market, by Application, 2023-2028 (USD Million)
Table 128 Europe: Packaging Adhesives Market, by Application, 2020-2022 (Kiloton)
Table 129 Europe: Packaging Adhesives Market, by Application, 2023-2028 (Kiloton)
9.3.2 Germany
9.3.2.1 Production and Export of Plastic Packaging Major Driving Factors
Table 130 Germany: Packaging Adhesives Market, by Volume & Value, 2020-2022
Table 131 Germany: Packaging Adhesives Market, by Volume & Value, 2023-2028
9.3.3 France
9.3.3.1 Growing Demand for Packaged Foods to Drive Market
Table 132 France: Packaging Adhesives Market, by Volume & Value, 2020-2022
Table 133 France: Packaging Adhesives Market, by Volume & Value, 2023-2028
9.3.4 Italy
9.3.4.1 Increasing Export of Various Products to Drive Demand
Table 134 Italy: Packaging Adhesives Market, by Volume & Value, 2020-2022
Table 135 Italy: Packaging Adhesives Market, by Volume & Value, 2023-2028
9.3.5 Uk
9.3.5.1 Food & Beverages Industry to Drive Demand
Table 136 Uk: Packaging Adhesives Market, by Volume & Value, 2020-2022
Table 137 Uk: Packaging Adhesives Market, by Volume & Value, 2023-2028
9.3.6 Spain
9.3.6.1 Growing Packaging Industry to Drive Market
Table 138 Spain: Packaging Adhesives Market, by Volume & Value, 2020-2022
Table 139 Spain: Packaging Adhesives Market, by Volume & Value, 2023-2028
9.3.7 Turkey
9.3.7.1 Growing Consumer Goods Sector to Drive Demand
Table 140 Turkey: Packaging Adhesives Market, by Volume & Value, 2020-2022
Table 141 Turkey: Packaging Adhesives Market, by Volume & Value, 2023-2028
9.3.8 Rest of Europe
Table 142 Rest of Europe: Packaging Adhesives Market, by Volume & Value, 2020-2022
Table 143 Rest of Europe: Packaging Adhesives Market, by Volume & Value, 2023-2028
9.4 Asia-Pacific
9.4.1 Recession Impact
Figure 40 Asia-Pacific: Packaging Adhesives Market Snapshot
Table 144 Asia-Pacific: Packaging Adhesives Market, by Country, 2020-2022 (USD Million)
Table 145 Asia-Pacific: Packaging Adhesives Market, by Country, 2023-2028 (USD Million)
Table 146 Asia-Pacific: Packaging Adhesives Market, by Country, 2020-2022 (Kiloton)
Table 147 Asia-Pacific: Packaging Adhesives Market, by Country, 2023-2028 (Kiloton)
Table 148 Asia-Pacific: Packaging Adhesives Market, by Resin, 2020-2022 (USD Million)
Table 149 Asia-Pacific: Packaging Adhesives Market, by Resin, 2023-2028 (USD Million)
Table 150 Asia-Pacific: Packaging Adhesives Market, by Resin, 2020-2022 (Kiloton)
Table 151 Asia-Pacific: Packaging Adhesives Market, by Resin, 2023-2028 (Kiloton)
Table 152 Asia-Pacific: Packaging Adhesives Market, by Technology, 2020-2022 (USD Million)
Table 153 Asia-Pacific: Packaging Adhesives Market, by Technology, 2023-2028 (USD Million)
Table 154 Asia-Pacific: Packaging Adhesives Market, by Technology, 2020-2022 (Kiloton)
Table 155 Asia-Pacific: Packaging Adhesives Market, by Technology, 2023-2028 (Kiloton)
Table 156 Asia-Pacific: Packaging Adhesives Market, by Application, 2020-2022 (USD Million)
Table 157 Asia-Pacific: Packaging Adhesives Market, by Application, 2023-2028 (USD Million)
Table 158 Asia-Pacific: Packaging Adhesives Market, by Application, 2020-2022 (Kiloton)
Table 159 Asia-Pacific: Packaging Adhesives Market, by Application, 2023-2028 (Kiloton)
9.4.2 China
9.4.2.1 E-Commerce Boom in China to Drive Market
Table 160 China: Packaging Adhesives Market, by Volume & Value, 2020-2022
Table 161 China: Packaging Adhesives Market, by Volume & Value, 2023-2028
9.4.3 India
9.4.3.1 Urbanization and Changing Lifestyle to Drive Demand
Table 162 India: Packaging Adhesives Market, by Volume & Value, 2020-2022
Table 163 India: Packaging Adhesives Market, by Volume & Value, 2023-2028
9.4.4 Japan
9.4.4.1 Technological Advancements to Drive Demand
Table 164 Japan: Packaging Adhesives Market, by Volume & Value, 2020-2022
Table 165 Japan: Packaging Adhesives Market, by Volume & Value, 2023-2028
9.4.5 South Korea
9.4.5.1 Rising Disposable Income to Change Customer Preference
Table 166 South Korea: Packaging Adhesives Market, by Volume & Value, 2020-2022
Table 167 South Korea: Packaging Adhesives Market, by Volume & Value, 2023-2028
9.4.6 Malaysia
9.4.6.1 Urbanization Leading to Changes in Lifestyles
Table 168 Malaysia: Packaging Adhesives Market, by Volume & Value, 2020-2022
Table 169 Malaysia: Packaging Adhesives Market, by Volume & Value, 2023-2028
9.4.7 Indonesia
9.4.7.1 Growing Demand for Packaged Goods to Drive Demand
Table 170 Indonesia: Packaging Adhesives Market, by Volume & Value, 2020-2022
Table 171 Indonesia: Packaging Adhesives Market, by Volume & Value, 2023-2028
9.4.8 Rest of Asia-Pacific
Table 172 Rest of Asia-Pacific: Packaging Adhesives Market, by Volume & Value, 2020-2022
Table 173 Rest of Asia-Pacific: Packaging Adhesives Market, by Volume & Value, 2023-2028
9.5 Middle East & Africa
9.5.1 Recession Impact
Figure 41 Middle East & Africa: Packaging Adhesives Market Snapshot
Table 174 Middle East & Africa: Packaging Adhesives Market, by Country, 2020-2022 (USD Million)
Table 175 Middle East & Africa: Packaging Adhesives Market, by Country, 2023-2028 (USD Million)
Table 176 Middle East & Africa: Packaging Adhesives Market, by Country, 2020-2022 (Kiloton)
Table 177 Middle East & Africa: Packaging Adhesives Market, by Country, 2023-2028 (Kiloton)
Table 178 Middle East & Africa: Packaging Adhesives Market, by Resin, 2020-2022 (USD Million)
Table 179 Middle East & Africa: Packaging Adhesives Market, by Resin, 2023-2028 (USD Million)
Table 180 Middle East & Africa: Packaging Adhesives Market, by Resin, 2020-2022 (Kiloton)
Table 181 Middle East & Africa: Packaging Adhesives Market, by Resin, 2023-2028 (Kiloton)
Table 182 Middle East & Africa: Packaging Adhesives Market, by Technology, 2020-2022 (USD Million)
Table 183 Middle East & Africa: Packaging Adhesives Market, by Technology, 2023-2028 (USD Million)
Table 184 Middle East & Africa: Packaging Adhesives Market, by Technology, 2020-2022 (Kiloton)
Table 185 Middle East & Africa: Packaging Adhesives Market, by Technology, 2023-2028 (Kiloton)
Table 186 Middle East & Africa: Packaging Adhesives Market, by Application, 2020-2022 (USD Million)
Table 187 Middle East & Africa: Packaging Adhesives Market, by Application, 2023-2028 (USD Million)
Table 188 Middle East & Africa: Packaging Adhesives Market, by Application, 2020-2022 (Kiloton)
Table 189 Middle East & Africa: Packaging Adhesives Market, by Application, 2023-2028 (Kiloton)
9.5.2 Uae
9.5.2.1 Growing Economy and Packaging Industry to Drive Demand
Table 190 Uae: Packaging Adhesives Market, by Volume & Value, 2020-2022
Table 191 Uae: Packaging Adhesives Market, by Volume & Value, 2023-2028
9.5.3 Saudi Arabia
9.5.3.1 Growing Healthcare and Food Sectors to Drive Demand
Table 192 Saudi Arabia: Packaging Adhesives Market, by Volume & Value, 2020-2022
Table 193 Saudi Arabia: Packaging Adhesives Market, by Volume & Value, 2023-2028
9.5.4 South Africa
9.5.4.1 Growing Industrialization and Urbanization to be Primary Drivers of Market
Table 194 South Africa: Packaging Adhesives Market, by Volume & Value, 2020-2022
Table 195 South Africa: Packaging Adhesives Market, by Volume & Value, 2023-2028
9.5.5 Rest of Middle East & Africa
Table 196 Rest of Middle East & Africa: Packaging Adhesives Market, by Volume & Value, 2020-2022
Table 197 Rest of Middle East & Africa: Packaging Adhesives Market, by Volume & Value, 2023-2028
9.6 South America
9.6.1 Recession Impact
Figure 42 South America: Packaging Adhesives Market Snapshot
Table 198 South America: Packaging Adhesives Market, by Country, 2020-2022 (USD Million)
Table 199 South America: Packaging Adhesives Market, by Country, 2023-2028 (USD Million)
Table 200 South America: Packaging Adhesives Market, by Country, 2020-2022 (Kiloton)
Table 201 South America: Packaging Adhesives Market, by Country, 2023-2028 (Kiloton)
Table 202 South America: Packaging Adhesives Market, by Resin, 2020-2022 (USD Million)
Table 203 South America: Packaging Adhesives Market, by Resin, 2023-2028 (USD Million)
Table 204 South America: Packaging Adhesives Market, by Resin, 2020-2022 (Kiloton)
Table 205 South America: Packaging Adhesives Market, by Resin, 2023-2028 (Kiloton)
Table 206 South America: Packaging Adhesives Market, by Technology, 2020-2022 (USD Million)
Table 207 South America: Packaging Adhesives Market, by Technology, 2023-2028 (USD Million)
Table 208 South America: Packaging Adhesives Market, by Technology, 2020-2022 (Kiloton)
Table 209 South America: Packaging Adhesives Market, by Technology, 2023-2028 (Kiloton)
Table 210 South America: Packaging Adhesives Market, by Application, 2020-2022 (USD Million)
Table 211 South America: Packaging Adhesives Market, by Application, 2023-2028 (USD Million)
Table 212 South America: Packaging Adhesives Market, by Application, 2020-2022 (Kiloton)
Table 213 South America: Packaging Adhesives Market, by Application, 2023-2028 (Kiloton)
9.6.2 Brazil
9.6.2.1 Growing Economy and Packaging Sector to Drive Market
Table 214 Brazil: Packaging Adhesives Market, by Volume & Value, 2020-2022
Table 215 Brazil: Packaging Adhesives Market, by Volume & Value, 2023-2028
9.6.3 Argentina
9.6.3.1 Growing Food Sector and Increasing Consumer Demand to Drive Market
Table 216 Argentina: Packaging Adhesives Market, by Volume & Value, 2020-2022
Table 217 Argentina: Packaging Adhesives Market, by Volume & Value, 2023-2028
9.6.4 Rest of South America
Table 218 Rest of South America: Packaging Adhesives Market, by Volume & Value, 2020-2022
Table 219 Rest of South America: Packaging Adhesives Market, by Volume & Value, 2023-2028

10 Competitive Landscape
10.1 Overview
Table 220 Overview of Strategies Adopted by Key Packaging Adhesives Players (2018-2023)
10.2 Company Evaluation Quadrant Matrix, 2022
10.2.1 Stars
10.2.2 Emerging Leaders
10.2.3 Pervasive Players
10.2.4 Participants
Figure 43 Company Evaluation Quadrant Matrix, 2022
10.3 Strength of Product Portfolio
10.4 Small and Medium-Sized Enterprises Evaluation Quadrant Matrix, 2022
10.4.1 Responsive Companies
10.4.2 Progressive Companies
10.4.3 Dynamic Companies
10.4.4 Starting Blocks
Figure 44 Small and Medium-Sized Enterprises Evaluation Quadrant Matrix, 2022
10.5 Competitive Benchmarking
Table 221 Detailed List of Key Startups/Small and Medium-Sized Enterprises
Table 222 Competitive Benchmarking of Key Players [Startups/Small and Medium-Sized Enterprises]
Table 223 Competitive Benchmarking of Key Players
10.6 Competitive Scenario
Table 224 Product Footprint of Companies
Table 225 Industry Footprint of Companies
Table 226 Region Footprint of Companies
10.6.1 Market Evaluation Matrix
Table 227 Strategic Developments, by Company
Table 228 Most Followed Strategies
Table 229 Growth Strategies Adopted by Key Companies
10.7 Market Share Analysis
Figure 45 Market Share, by Key Five Players (2022)
Table 230 Degree of Competition, 2022
10.8 Market Ranking Analysis
Figure 46 Market Ranking Analysis, 2022
10.9 Revenue Analysis
Figure 47 Revenue Analysis of Top Five Players, 2018-2022
10.9.1 Henkel AG
10.9.2 3M
10.9.3 H.B. Fuller
10.9.4 Arkema SA
10.10 Competitive Scenarios
Table 231 Product Launches, 2018-2023
Table 232 Deals, 2018-2023

11 Company Profiles
11.1 Key Players
(Business Overview, Products/Solutions/Services Offered, Recent Developments, Analyst's View, Right to Win, Strategic Choices, and Weaknesses and Competitive Threats)*
11.1.1 Henkel AG
Table 233 Henkel AG: Company Overview
Figure 48 Henkel AG: Company Snapshot
Table 234 Henkel AG: Product Launches
Table 235 Henkel AG: Deals
11.1.2 3M
Table 236 3M: Company Overview
Figure 49 3M: Company Snapshot
Table 237 3M: Deals
11.1.3 H.B. Fuller
Table 238 H.B. Fuller: Company Overview
Figure 50 H.B. Fuller: Company Snapshot
Table 239 H.B. Fuller: Product Launches
Table 240 H.B. Fuller: Deals
11.1.4 The Dow Chemical Company
Table 241 The Dow Chemical Company: Company Overview
Figure 51 The Dow Chemical Company: Company Snapshot
Table 242 The Dow Chemical Company: Product Launches
Table 243 The Dow Chemical Company: Deals
11.1.5 Arkema SA
Table 244 Arkema SA: Company Overview
Figure 52 Arkema SA: Company Snapshot
Table 245 Arkema SA: Deals
11.1.6 Avery Dennison Corporation
Table 246 Avery Dennison Corporation: Company Overview
Figure 53 Avery Dennison Corporation: Company Snapshot
Table 247 Avery Dennison Corporation: Deals
11.1.7 Sika AG
Table 248 Sika AG: Company Overview
Figure 54 Sika AG: Company Snapshot
Table 249 Sika AG: Deals
11.1.8 Wacker Chemie AG
Table 250 Wacker Chemie AG: Company Overview
Figure 55 Wacker Chemie AG: Company Snapshot
Table 251 Wacker Chemie AG: Deals
11.1.9 Dic Corporation
Table 252 Dic Corporation: Company Overview
Figure 56 Dic Corporation: Company Snapshot
Table 253 Dic Corporation: Deals
11.1.10 Dupont
Table 254 Dupont: Company Overview
Figure 57 Dupont: Company Snapshot
Table 255 Dupont: Deals
11.2 Other Players
11.2.1 Jowat AG
Table 256 Jowat AG: Product Launches
Table 257 Jowat AG: Deals
11.2.2 Coim Group
11.2.3 Jubilant Industries
Table 258 Jubilant Industries: Product Offerings
11.2.4 Master Bond Inc.
11.2.5 Dymax Corporation
11.2.6 Bond Tech Industries
11.2.7 L.D. Davis
11.2.8 Grebe Holding GmbH
11.2.9 Uflex Limited
11.2.10 Toyo-Morton Ltd.
11.2.11 Paramelt B.V.
11.2.12 Chemline India Ltd.
11.2.13 Tex Year Industries Inc.
11.2.14 Kleiberit SE & Co. KG
11.2.15 Intact Adhesives Ltd.
*Details on Business Overview, Products/Solutions/Services Offered, Recent Developments, Analyst's View, Right to Win, Strategic Choices, and Weaknesses and Competitive Threats Might Not be Captured in Case of Unlisted Companies.

12 Adjacent/Related Markets
12.1 Introduction
12.2 Limitations
12.3 Adhesives & Sealants
12.3.1 Market Definition
12.3.2 Market Overview
12.4 Adhesives Market, by Formulating Technology
Table 259 Adhesives Market Size, by Formulating Technology, 2017-2020 (USD Million)
Table 260 Adhesives Market Size, by Formulating Technology, 2021-2026 (USD Million)
Table 261 Adhesives Market Size, by Formulating Technology, 2017-2020 (Kiloton)
Table 262 Adhesives Market Size, by Formulating Technology, 2021-2026 (Kiloton)
12.4.1 Water Based
12.4.1.1 Most Widely Used Formulating Technology for Adhesives
12.4.1.2 Pva Emulsion Adhesives
12.4.1.3 Pae Emulsion Adhesives
12.4.1.4 Vae Emulsion Adhesives
12.4.1.5 Others
12.4.1.5.1 Polyurethane Dispersion Adhesives
12.4.1.5.2 Water-based Rubber Adhesives
12.4.2 Solvent Based
12.4.2.1 Stringent Government Regulations to Hamper Use of Solvent-based Adhesives
12.4.2.2 Styrene-Butadiene Styrene Rubber (Sbsr) Adhesives
12.4.2.3 Chloroprene Rubber (Cr) Adhesives
12.4.2.4 Polyvinyl Acetate (Pva) Adhesives
12.4.2.5 Polyamide Adhesives
12.4.2.6 Others
12.4.3 Hot Melt
12.4.3.1 Growing Use due to Fast Setting Speed and Relatively Lower Cost
12.4.3.2 Eva Adhesives
12.4.3.3 Styrenic Block Copolymer (Sbc)
12.4.3.4 Copolyamides (Copas)
12.4.3.5 Amorphous Poly Alpha Olefins (Apaos)
12.4.3.6 Others
12.4.3.6.1 Copolyester (Copes) Adhesives
12.4.3.7 Polyurethanes
12.4.3.7.1 Properties
12.4.3.7.2 Metallocene Polyethylene & Metallocene Polypropylene
12.4.4 Reactive & Others
12.4.4.1 Fastest-Growing Adhesives Technology Segment
12.4.4.2 Polyurethane Adhesives
12.4.4.2.1 Liquid
12.4.4.2.2 Reactive Hot-Melt (Rhms) Adhesives
12.4.4.3 Epoxy Adhesives
12.4.4.4 Cyanoacrylate Adhesives
12.4.4.5 Modified Acrylate & Methyl Methacrylate (Mma) Adhesives
12.4.4.6 Polysulfide Adhesives
12.4.4.7 Others
12.4.4.7.1 Formaldehyde-based (Reactive-based) Adhesives
12.4.4.7.2 Silicone
12.4.4.7.3 Polyester
12.4.4.7.4 Resorcinol
12.4.4.7.5 Phenolic
12.4.4.7.6 Bio-based Adhesives
12.5 Adhesives Market, by Application
Table 263 Adhesives Market Size, by Application, 2017-2020 (USD Million)
Table 264 Adhesives Market Size, by Application, 2021-2026 (USD Million)
Table 265 Adhesives Market Size, by Application, 2017-2020 (Kiloton)
Table 266 Adhesives Market Size, by Application, 2021-2026 (Kiloton)
12.5.1 Paper & Packaging
12.5.1.1 High Demand for Flexible Packaging to Impact Market
12.5.2 Building & Construction
12.5.2.1 Development of Smart Cities and Mega Projects to Drive Market
12.5.3 Woodworking
12.5.3.1 Furniture Industry to See Increased Demand for Adhesives
12.5.4 Automotive & Transportation
12.5.4.1 Advancements in Electric Vehicles to Increase Demand for Adhesives in Automotive Industry
12.5.5 Consumer & DIY
12.5.5.1 Growing Awareness About Advantages of Adhesives to Drive Demand
12.5.6 Leather & Footwear
12.5.6.1 High Footwear Production in Asia to Boost Demand for Adhesives
12.5.7 Assembly
12.5.7.1 Wide Use of Adhesives in Manufacturing Sector to Drive Market
12.5.8 Electronics
12.5.8.1 New Trends and Technological Innovations to Drive Market
12.5.9 Medical
12.5.9.1 Growing Use of Silicone Adhesives to Drive Market
12.5.10 Others
12.6 Sealants Market, by Resin Type
12.6.1 Silicone
12.6.1.1 Offers Better Flexibility and Longer Lifespan
12.6.2 Polyurethane
12.6.2.1 High Demand in Automotive Application to Drive Market
12.6.3 Plastisol
12.6.3.1 Sound Deadening and Vibration Reduction Properties to Fuel Demand
12.6.4 Emulsion
12.6.4.1 Growing Use by Construction Sector to Drive Market
12.6.5 Polysulfide
12.6.5.1 Competitive Sealants to Hamper Market Growth
12.6.6 Butyl
12.6.6.1 Widespread Use due to Higher Stability Against Oxidation
12.6.7 Others
12.7 Sealants Market, by Application
Table 267 Sealants Market Size, by Application, 2017-2020 (USD Million)
Table 268 Sealants Market Size, by Application, 2021-2026 (USD Million)
Table 269 Sealants Market Size, by Application, 2017-2020 (Kiloton)
Table 270 Sealants Market Size, by Application, 2021-2026 (Kiloton)
12.7.1 Building & Construction
12.7.1.1 Investments in New Construction and Infrastructure to Positively Impact Market
12.7.2 Automotive & Transportation
12.7.2.1 Growing Transportation Industry to Drive Market
12.7.3 Consumer
12.7.3.1 Rising Demand for Sealants for Household Use
12.7.4 Others
12.8 Adhesives & Sealants Market, by Region
Table 271 Adhesives & Sealants Market Size, by Region, 2017-2020 (USD Million)
Table 272 Adhesives & Sealants Market Size, by Region, 2021-2026 (USD Million)
Table 273 Adhesives & Sealants Market Size, by Region, 2017-2020 (Kiloton)
Table 274 Adhesives & Sealants Market Size, by Region, 2021-2026 (Kiloton)
12.8.1 Asia-Pacific
12.8.2 Europe
12.8.3 North America
12.8.4 Middle East & Africa
12.8.5 South America

13 Appendix
13.1 Discussion Guide

Executive Summary

Companies Mentioned

  • 3M 
  • Arkema SA 
  • Avery Dennison Corporation 
  • Bond Tech Industries 
  • Chemline India Ltd. 
  • Coim Group 
  • Dic Corporation 
  • Dupont 
  • Dymax Corporation 
  • Grebe Holding GmbH 
  • H.B. Fuller 
  • Henkel AG 
  • Intact Adhesives Ltd. 
  • Jowat AG 
  • Jubilant Industries 
  • Kleiberit SE & Co. KG 
  • L.D. Davis 
  • Master Bond Inc. 
  • Paramelt B.V. 
  • Sika AG 
  • Tex Year Industries Inc. 
  • The Dow Chemical Company 
  • Toyo-Morton Ltd. 
  • Uflex Limited 
  • Wacker Chemie AG 

Methodology

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Table Information

Report AttributeDetails
No. of Pages280
PublishedJuly 2023
Forecast Period2023 - 2028
Estimated Market Value ( USD ) in 2023 $ 15.3 Billion
Forecasted Market Value ( USD ) by 2028 $ 18.6 Billion
Compound Annual Growth Rate3.2%
Regions CoveredGlobal
No. of Companies Mentioned25

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About the Packaging Adhesive Market

The Packaging Adhesive market is a segment of the Adhesives and Sealants industry. It is composed of products used to bond packaging materials such as paper, cardboard, plastic, and metal. These adhesives are used to secure packages for shipping, storage, and display. Packaging adhesives are designed to provide a strong bond while also being easy to apply and remove. They are available in a variety of forms, including hot melt, water-based, and solvent-based. Packaging adhesives are used in a variety of industries, including food and beverage, pharmaceuticals, and consumer goods. They are also used in the automotive and construction industries. Packaging adhesives are used to improve the efficiency of packaging processes, reduce costs, and improve product safety. Some companies in the Packaging Adhesive market include Henkel, 3M, Bostik, Sika, and Avery Dennison. Show Less Read more

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