COVID-19 update included
The content of this report will be updated with the latest scenarios based on the global COVID-19 Pandemic

The global packaging adhesives market is expected to grow at with a CAGR greater than 5% during the forecast period. One of the major factors driving the market is the growing demand from food & beverage industry. However, phasing out of the solvent-borne adhesives owing to the VOC emissions is hindering the growth of the market studied.

  • The rapidly growing packaging industry is expected to provide a major growth opportunity for the market studied.
  • Asia-Pacific accounted for the highest share of the market and is likely to continue dominating the market during the forecast period.
  • Among technology, water-borne segment is expected to witness the highest growth rate during the forecast period.

Key Market Trends

Water-borne Technology to Witness the Highest Growth Rate

  • Water-based technology is expected to witness the highest growth rate among the technology types during the forecast period.
  • These adhesives are supplied to manufacturers and distributors as either a pre-mixed solution or as formulated dry powders that must be mixed with water, in order to activate its adhesive quality.
  • Water-based adhesives are generally applied as emulsion mixes that are converted to adhesive materials when their water content has evaporated. VOC norms has led to the phasing out of solvent-based adhesives.
  • Many countries, including many regions of the United States and Europe, have set a ban on the use of solvent-borne materials. Hot-melt adhesives are also gaining popularity, due to their fast set speed and excellent adhesive qualities.
  • Hence owing to the above-mentioned factors, water-borne adhesive technology to witness the highest growth rate during the forecast period.

Asia-Pacific to Dominate the Market

  • Asia-Pacific accounts for the highest share of the global packaging adhesives market currently owing to the high demand from countries like China, Japan, India, etc.
  • China is the leading country in the consumption of packaging adhesives, due to the increased demand from end-user industries like food & beverage and consumer goods.
  • Growing e-commerce is one of the major driving factors boosting the demand for food packaging in the country.
  • Additionally, South-East Asian countries are also witnessing a high demand for packaging adhesives over the past few years.
  • Hence, owing tot eh above-mentioned factors, Asia-Pacific is likely to dominate the market studied d during the forecast period.

Competitive Landscape

The global packaging adhesives market is moderately consolidated as the market of the market share is divided among a few players. Some of the key players in the market include 3M, Henkel AG & Co. KGaA, H.B. Fuller Company, Arkema Group, and Sika AG, among others.

Reasons to Purchase this report:

  • The market estimate (ME) sheet in Excel format
  • 3 months of analyst support