The packaging adhesives market comprises products such as acrylic, polyurethane, epoxy and others that are used for various packaging applications in sectors such as food and beverages, healthcare, consumer goods and industrial goods. Adhesives play a vital role in bonding packaging materials together such as cartons, boxes and tapes and sealing pouches and bags that prevent leakage and wastage. The growing convenience food industry is driving the demand for high-quality and durable packaging solutions to extend product shelf life. This in turn is augmenting the packaging adhesives market.

The Global packaging adhesives market is estimated to be valued at US$ 9.81 billion in 2024 and is expected to exhibit a CAGR of 4.4% over the forecast period 2024 to 2031.

Key Takeaways

Key players operating in The Packaging Adhesives Market are Solvay, Sakai Chemical Industry, Quimicos Aragonesas, Jinyan Strontium Industry, Joyieng Chemical, Hongkong XinRunDe Chemicals, Huaqi Fine Chemical, Barium & Chemicals, American Elements, ABASSCO. Solvay specializes in formulating sustainable bio-based adhesive solutions for carton, label and flexible packaging applications. Sakai Chemical Industry provides acrylic, polyurethane and epoxy adhesives to food packaging manufacturers across Asia Pacific.

The growing demand for packaged and convenience food from working professionals is fueling the packaging adhesives market. Packaging adhesives play a vital role in sealing food packages adequately and prevent contamination and leakage, thereby extending shelf life. They ensure packaged items reach the customers in fresh condition. This is driving various food brands to opt for high-quality adhesives.

Technological advancements are expanding application scope of packaging adhesives. Manufacturers are developing bio-based and hybrid adhesives with advanced curing mechanisms and properties. Water-based adhesives are gaining popularity due to their low VOC emission. Hot melt adhesives have emerged as a sustainable alternative to solvent-based adhesives. Continuous innovation in adhesive formulations is boosting their adoption across diverse packaging domains.

Market Trends

Sustainable packaging is a key trend gaining prominence. Manufacturers are developing bio-based adhesive solutions using plant-based renewable resources like soy and corn to reduce dependence on fossil fuels. They offer comparable performance to traditional petroleum-based adhesives while being eco-friendly.
Rise of e-commerce sector has bolstered demand for high-quality packaging adhesives for shipping and mailling applications. Adhesives that provide durability, flexibility and impact resistance to corrugated carton boxes, tapes and labeling are witnessing heightened demand.

Market Opportunities

Adoption of bio-based adhesives in food packaging applications presents significant opportunity for adhesive suppliers. Regulatory push for eco-friendly materials and consumer shift towards sustainable products will accelerate bio-adhesives market growth.
Water-based adhesive formulations compatible with digital printing technologies offers possibilities for specialized adhesive applications. Rising trend of customized packing and smart labels will boost opportunities.

Impact of COVID-19 on Packaging Adhesives Market Growth
The COVID-19 pandemic had an adverse impact on the global packaging adhesives market. Government imposed lockdowns and temporary closures of manufacturing facilities disrupted supply chains and reduced demand from end-use industries like food and beverages, consumer goods, and healthcare in early 2020. This led to a decline in sales of water-based acrylic packaging adhesives and solvent-based packaging adhesives as packaging volumes dipped during the crisis. However, as restrictions eased in late 2020, demand for essential products like food, medicines, and e-commerce deliveries increased substantially. This boosted packaging volumes and revived the market. Additionally, growing consumer awareness regarding hygiene and safety accelerated the demand for secure and quality packaging, benefiting adhesive producers. Looking forward, health safety and sustainability will be key focuses. Manufacturers will emphasize developing eco-friendly adhesives and solutions for medical packaging to capitalize on growth opportunities in the post-COVID era.

Geographical Regions with Major Market Concentration
In terms of value, North America held the largest share in the global packaging adhesives market in 2024, owing to an established packaging industry and high per capita consumption of packaged food and consumer goods in countries like the US and Canada. Meanwhile, Asia Pacific is estimated to be the fastest growing regional market through 2031 on account of rising incomes, expanding middle class, growing urbanization and industrialization in major economies of China, India and Southeast Asia augmenting demand for packaged consumer items. This will propel the need for packaging films, boxes, containers and advanced adhesives in the region over the coming years.

Fastest Growing Regional Market
Asia Pacific is projected to be the fastest growing regional market for packaging adhesives between 2024 to 2031. This growth can be attributed to rapidly developing economies like China and India which are experiencing double digit GDP growth annually. They also have huge populations with rising disposable incomes looking to consume branded packaged food, homecare and personal care products. This increasing consumer demand is encouraging global packaging companies and adhesive producers to set up manufacturing plants in the region to satisfy local requirements. Additionally, policy support for industry, growing transportation and logistics infrastructure is aiding Asia Pacific to emerge as a global packaging hub. These factors are expected to drive strong CAGR gains for the packaging adhesives industry in this dynamic region over the forecast period.

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