Packaging Adhesives Market Report, Size, Share & Outlook - 2024-2031 - Akzo Nobel N.V, BASF SE & Verdict Media Limited.

The global packaging adhesives market is projected to grow at a CAGR of 5.3% from 2024 to 2031.

Packaging additives are incorporated into plastics, polymers, and resins to enhance their performance and suitability for various applications. These additives, including plasticizers, can alter the flexibility or rigidity of the polymer, making it adaptable for diverse packaging needs. They play a crucial role in preserving products by preventing gas permeability, which helps in maintaining product freshness and extending shelf life. Common packaging materials such as plastic, paperboard, pulp, corrugated boxes, and bio-polymers benefit from these additives, which enhance mechanical strength, external protection, and resistance to environmental factors. In the food & beverages and healthcare industries, packaging additives are essential for providing antimicrobial and antioxidant properties, ensuring product safety and longevity.

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Market Dynamics:

Increasing demand for packaged food, ready-to-cook and easy-to-eat variants of food items owing to the busy and changing lifestyle of the customer.

Junk food consumption has surged in recent years due to increasingly hectic lifestyles, with products readily available across grocery stores, convenience stores, and fast-food outlets. This trend has significantly impacted the food & beverages industry, with reports showing that a high percentage of children frequently consume packaged foods. For example, 93% of children eat packaged food more than once a week, 83% drink milk-based beverages, and 69% choose breakfast cereals before school. This growing demand for packaged foods has driven the need for advanced packaging solutions.

Consumers are seeking safer, healthier, and higher-quality foods with longer shelf life, as well as more convenient and sustainable packaging options. This shift has spurred innovation in packaging technologies, incorporating various additives to meet these demands. For instance, during PACK EXPO 2018, Sun Chemical introduced Accuflex, a UV ink system designed for food packaging that avoids Bisphenol A (BPA) to ensure compliance with low migration standards. Such innovations address the need for packaging that enhances food safety and quality while catering to evolving consumer preferences.

Market Segmentation:

By Technology: Water-Based, Solvent-based, Hot-Melt.

By Application: Corrugated Packaging, Flexible Packaging, Specialty Packaging, Labelling, and Others.

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Major Players:

• Akzo Nobel N.V
• BASF SE
• Verdict Media Limited
• Bostik
• Flint Group
• ALTANA AG
• PolyOne Corporation
• HuberGroup India
• Henkel AG & Co. KGaA
• Sun Chemical

Product Portfolio:

BASF SE Overview

BASF SE is a prominent German multinational chemical company, recognized as the largest chemical producer in the world. With a robust global presence, BASF operates through subsidiaries and joint ventures in over 80 countries, supported by six integrated production sites and 390 additional facilities across Europe, Australia, Asia, the Americas, and Africa. Established 150 years ago, BASF's extensive portfolio spans chemicals, plastics, performance products, crop protection products, and oil and gas. The company is renowned for its commitment to integrating economic success with environmental protection and social responsibility, reinforcing its position as a leading force in the global chemical industry.

Regional Analysis:

The global Packaging Adhesives Market report focuses on six major regions: North America, Latin America, Europe, Asia Pacific, the Middle East, and Africa. The report offers detailed insight into new product launches, new technology evolutions, innovative services, and ongoing R&D. The report discusses a qualitative and quantitative market analysis, including PEST analysis, SWOT analysis, and Porter's five force analysis. The Packaging Adhesives Market report also provides fundamental details such as raw material sources, distribution networks, methodologies, production capacities, industry supply chain, and product specifications.

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