Packaging Adhesives Market worth $18.6 billion by 2028 | Key players Henkel AG (Germany), 3M (US), H.B. Fuller (US), The Dow Chemical Company (US), Arkema S.A. (France).

According to recent market research the "Packaging Adhesives Market by Resin Type (Polyurethane, Acrylics, PVA), Technology (Solvent-based, Water-Based, Hot-Melt), Application (Case & Carton, Corrugated Packaging, Labelling, Flexible Packaging, Folding Cartons), and Region - Global Forecast to 2028", exhibits high growth potential and is projected to reach a market size of USD 18.6 billion by 2028 from USD 15.3 billion in 2022, at a CAGR of 3.2%. One of the largest markets for packaging adhesives worldwide is the North America. The market has been growing because of increased packaged products consumption, e-commerce expansion, expanded manufacturing, and the demand for creative and environmentally friendly packaging solutions.

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In terms of market share for packaging adhesives overall, polyvinyl acetate (PVA) resin held the largest share. PVA is a synthetic polymer with superior adhesive capabilities. A few packing materials, including paper, cardboard, and various plastics, can be adhered to with PVA-based adhesives due to their strong bonding, flexibility, and adhesion properties. It works well with porous materials including cardboard, leather, paper, and wood. Packaging adhesives made from polyvinyl acetate (PVA) are frequently used because of their adaptability, non-toxicity, quick drying time, high level of adhesion, and ease of use. They are affordable alternatives for various packaging materials and offer reliable bonding for a variety of packaging materials.

Water based technology holds the largest share in terms of value and volume in overall 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 because of growing environmental concerns and higher VOC requirements, which are a result of the packaging industry's increasing need for food packaging, consumer products packaging, and industrial goods packaging. Due to this, demand for water-based packaging adhesives has surged.

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Asia Pacific is second fastest growing market and is likely to continue in the foreseeable future. The expansion is ascribed to the substantial demand from the growing packaging and e-commerce industries. The market has been growing because of increased packaged products consumption, online shopping, widened 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.

The markets in Asia Pacific is in the growth phase, where manufacturers compete with each other with very similar product offerings. The growth in the developing countries and increasing demand for sustainable products in these countries is expected to drive the market, globally, during the forecast period.

Henkel AG (Germany), 3M (US), H.B. Fuller (US), The Dow Chemical Company (US), Arkema S.A. (France), Avery Dennison Corporation (US), Sika AG (Switzerland), Wacker Chemie AG (Germany), DIC Corporation (Japan), DuPont (US), are the key players in the global packaging adhesives market.
Jowat AG (Germany), COIM Group (Italy), Jubliant Industries (India), Master Bond Inc. (US), Dymax Corporation (US) are some of the startups in the global packaging adhesives market.

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As a global adhesive technologies company. Henkel AG operates in wide range of business segments, including as adhesive technologies, laundry & home care, beauty care, and corporate. Globally, Henkel's adhesive technologies segment is a market leader in diverse end-use industries across North America, Latin America, Asia Pacific, Europe, and the Middle East & Africa.

3M offers products, including adhesives, bonding materials, coatings, and specialty materials. The company has four business segments, namely, safety & industrial, transportation & electronics, healthcare, and consumer. As part of its safety & industrial and consumer segments, the company manufactures packaging adhesives for various applications. With production sites in 70 countries worldwide, it serves customers in approximately 200 countries in the Asia Pacific, Americas, Europe, and the Middle East & Africa.

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