Packaging Adhesives Market to Surpass $20.12 Billion by 2029 | Key Trends & Insights

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How Will the Packaging Adhesives Market Grow by 2025 in Terms of Size and Growth?
The scale of the packaging adhesives market has seen a consistent increase over the past few years. It is forecasted to expand from $16.53 billion in 2024 to $17.23 billion in 2025, projecting a compound annual growth rate (CAGR) of 4.3%. This growth during the historical period can be linked to the surge in e-commerce, heightened focus on sustainable and eco-friendly adhesives, increasing safety issues in food and beverage packaging, consumer demand, the trend towards sustainability, and regulations and compliance measures.

What Are the Estimated Growth Rates for the Packaging Adhesives Industry Through 2029?
In the forthcoming years, a stable rise is anticipated in the packaging adhesives market size, which is projected to reach $20.12 billion in 2029, growing at a compound annual growth rate of 4.0%. The expansion during the forecast period could be ascribed to an escalated demand for packaging within the food industry, enhanced focus on the prerequisites of sustainability, technological progressions in the packaging field, increasing demand for flexible, rigid, and semi-rigid packaging, along with a rising demand for environment-friendly adhesives. Noteworthy trends forecasted for the period include the impact of e-commerce, technological advancements, sustainability, geographical dominance, and the effect of regulatory mandates.

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What Are the Strategic Drivers Boosting Packaging Adhesives Market Performance?
The expansion of the e-commerce sector is slated to be a key driver for the growth of the packaging adhesives market. E-commerce, also known as digital commerce, involves the online exchange of goods and services. Within this sector, packaging adhesives play a critical role by offering efficient and reliable packaging solutions streamlining order fulfillment. To illustrate, the International Trade Administration, a government agency based in the US, projected in November 2023 that eCommerce revenues in the UK are projected to grow at an average annual rate of 12.6% by 2025. Furthermore, as of January 2021, consumer e-commerce made up 36.3% of the entire UK retail industry, and this figure is forecasted to hit $285.60 billion by 2025. Thus, it's evident that the burgeoning e-commerce sector is fuelling the demand and growth of the packaging adhesives market.

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What Are the Segments in the Packaging Adhesives Market?
The packaging adhesives market covered in this report is segmented -

1) By Technology: Water-Based, Solvent-Based, Hot Melt
2) By Resins: Poly Vinyl Acetate (PVA), Acrylics, Polyurethane, Other Resins
3) By Application: Flexible Packaging, Folding Box And Cartons, Sealing, Labels And Tapes, Other Applications

Subsegments:
1) By Water-Based Adhesives: Acrylic Adhesives, Polyvinyl Acetate (PVA) Adhesives, Ethylene Vinyl Acetate (EVA) Adhesives, Starch-Based Adhesives
2) By Solvent-Based Adhesives: Natural Rubber Adhesives, Synthetic Rubber Adhesives, Vinyl Acetate-Based Adhesives, Polyurethane Adhesives
3) By Hot Melt Adhesives: Ethylene Vinyl Acetate (EVA) Hot Melt Adhesives, Polyamide Hot Melt Adhesives, Polyurethane Hot Melt Adhesives, Rubber-Based Hot Melt Adhesives

What Are the Key Adoption Trends in the Packaging Adhesives Market?
Prominent firms in the packaging adhesives market are emphasizing on the development of novel solutions such as sustainable flexible packaging adhesives in order to gain a competitive advantage. These are environmentally friendly adhesives specifically meant for flexible packaging use. For example, Henkel, a German chemicals company, introduced a new series of adhesives and coatings designed specifically for recycling in May 2022, aiding the formulation of sustainable, flexible packaging at the design phase iniative. Loctite Liofol LA 7818 RE/6231 RE and Loctite Liofol LA 7102 RE/6902 RE were introduced as part of the RE series, these are solvent-free adhesives meant for flexible packaging that aid better packaging recycling. RecyClass, an expansive program that fosters plastic packaging recyclability and ensures the traceability and transparency of recycled plastic materials in Europe, has acknowledged these systems for their recyclability. These innovative solvent-free adhesives were stringently tested, using strict scientific techniques to secure RecyClass amplification, proving their compatibility with packaging recycling schemes.

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Which Companies Lead the Competitive Landscape of the Packaging Adhesives Industry?
Major companies operating in the packaging adhesives market report are BASF SE, The Dow Chemical Company, 3M Company, Henkel AG & Company KGaA, Illinois Tool Works Inc., DowDuPont Inc., Arkema S.A., AkzoNobel N.V., Eastman Chemical Company, Sika AG, Avery Dennison Corporation, Wacker Chemie AG, Huntsman Corporation, H.B. Fuller Company, Ashland Inc., RPM International Inc., Sipchem, Mapei S.p.A., Paramelt B.V., Scott Bader Company Ltd., Beardow Adams Group (Acquired by H.B. Fuller), Dymax Corporation, Adhesives Research Inc., Super Glue Corporation, Jowat SE

Where Are the Key Packaging Adhesives Market Opportunities by Region?
North America was the largest region in the packaging adhesives market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the packaging adhesives market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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