Packaging adhesives are versatile, low cost, and offer high resistance to water and moisture. More than 60% of the total adhesives used globally are used in the packaging industry.
The global Packaging Adhesives market value accounted for USD XX million in 2018 and is expected to grow at a CAGR of XX% to reach USD XX million in 2026.
The increasing demand for packaged food products and the growth in the organized retailing are the major market drivers. In an attempt to lure more consumers, food vendors are offering products with longer shelf life, which come in attractive packaging. The rising demand for labeling is expected to spur the growth of the market.
Market Segmentation
The global Packaging Adhesives market is segmented by technology and application.
By technology, the global Packaging Adhesives market is segmented into water based, solvent based, hot-melt based. Water-based technology is expected to be the largest segment.
Water-based adhesives are generally applied as emulsion mixes that are converted to adhesive materials when its water content has evaporated. Hot-melt adhesives are also gaining popularity, due to its fast set speed and excellent adhesive qualities.
Geographical Analysis
The global Packaging Adhesives market is segmented into the regions as North America, Europe, Asia Pacific, South America, and others. Asia-Pacific is the fastest growing region, owing to numerous technological innovations such as the hot-melt technology, which is designed to enhance the productivity of packaging adhesives.
The key industry participants are also involved in the development of innovative adhesive products through R&D and technical expertise, which in turn is expected to drive the industrial adhesive solutions. China is the leading country in the consumption of packaging adhesives, due to the increased demand from various end-user industries.
Competitive Analysis
The global Packaging Adhesives market is highly competitive with the major players in most of the regions. The key market players are focused on developing high-performance additives that help in optimize the shelf life of the food. For instance, in May 2017, Dow launched ADCOTETM L86-500 barrier adhesive, a brand-new adhesive solution, which will help to maximize resource efficiency, optimize the shelf-life of food packaging, and also enables the replacement of PET, metalized and aluminum-based packaging structures.
Few key market players in the global Packaging Adhesives market are:
• 3M
• Ashland Inc.
• Avery Dennison
• Bostik
• DowDuPont
• Dymax
• HB Fuller
• Henkel AG & Co.
• Jowat Corp.
• Paramelt BV
• Sika AG
Report Takeaways
• Water-based technology is expected to be the largest segment in packaging adhesives market.
• Asia-Pacific is the fastest growing region, owing to numerous technological innovations such as the hot-melt technology, which is designed to enhance the productivity of packaging adhesives.
• The global Packaging Adhesives market is highly competitive with the major players in most of the regions
The scope of the Report
The report covers the factors impacting the market, Porter 5 Forces, Competitive Landscape, Product Benchmarking, and company profiles.
Packaging Adhesives Market is segmented based on the application as into corrugated packaging, labeling, flexible packaging, specialty packaging, and others. Based on Technology it is segmented into Water Based, Solvent Based, and Hot-Melt.
Based on geography the market is segmented into – North America, South America, Europe, Asia Pacific and the Middle East and Africa.
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