The packaging adhesives industry size is expected to register a CAGR of 4% between 2024 and 2032 due to increasing demand for sustainable packaging.
SELBYVILLE, Del., April 23, 2024 (Globe Newswire) — The packaging adhesives market is estimated to be worth more than $21.5 billion by the end of 2032, according to one paper. recent research By Global Market Insights Inc.
Rapid increase in online retail activities in the fast-growing e-commerce sector across the globe and rising demand for safe and reliable packaging solutions are expected to drive market expansion. Adhesives play a critical role in ensuring package integrity during transportation and meeting the stringent requirements of e-commerce logistics. Additionally, the trend of customized and specialized packaging solutions in various industries has spurred several market players to develop bespoke packaging adhesives that meet specific requirements, further increasing the industry outlook. We are strengthening it. For example, in November 2022, Bostik introduced his two new innovative solutions for the Indian tape and label industry.
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Gain significant traction with solvent-based adhesives
The solvent-based packaging adhesives market is estimated to increase in demand from 2024 to 2032. The versatility, fast-curing properties, and resiliency of these adhesives contribute to their popularity in multiple industries, primarily food and beverage packaging. Solvent-based packaging adhesives formulated with acetone and toluene provide strong adhesion and rapid curing to enhance packaging integrity. Additionally, the increasing adoption of environmentally friendly alternatives across multiple industries is likely to drive product acceptance.
growing demand industrial packaging
The packaging adhesives market is expected to witness high demand from the industrial packaging end-use segment from 2024 to 2032. This is due to the increasing need for reliable and durable adhesives to ensure safe containment and transportation of goods. Packaging adhesives are essential for bonding various materials used in industrial packaging, such as cardboard boxes, metal, and plastic containers. Consistent growth in industrial activities, logistics and global trade has further expanded the demand for packaging adhesives.
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Asia-Pacific emerges as a profitable market
The Asia-Pacific packaging adhesives market is poised to account for a significant revenue share in 2023 and exhibit robust growth till 2032. The expanding manufacturing sector, especially in China and India, is driving the demand for efficient packaging solutions. Increased e-commerce activity and rising disposable income are increasing the consumption of packaged goods, further increasing the need for reliable adhesives. Additionally, a focus on sustainable and eco-friendly packaging solutions will accelerate the expansion of the industry, in line with the growing environmental awareness across the region.
Packaging adhesives market participants
Some of the top companies operating in the packaging adhesives industry include 3M Company, Bostik (a subsidiary of Arkema Group), Henkel AG & Co. KGaA, HB Fuller, Avery Dennison Corporation, Dow Inc., and Ashland Global Holdings Inc. . Advances in adhesive technology led by these companies are expected to facilitate the development of products with improved performance, adhesion, and application efficiency for sustained market growth. For example, in April 2023, Fujifilm Graphic Communications partnered with Henkel Adhesive Technologies to offer users the future digital inkjet water-based jet press FP790 flexible packaging solution, which benefits production and the environment.
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