March 2024
13 Aug 2024
The global packaging adhesives market surpassed USD 15.51 billion in 2023 and is projected to be worth around USD 28.14 billion by 2033, poised to grow at a CAGR of 6% during the forecast period. The growing demand for packaged food and beverages, changing food preferences, and the increasing disposable incomes drive the packaging adhesives market.
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Packaging adhesives are essential in various industries such as food & beverages, e-commerce, and others that sell products in packaged form. These adhesives are helpful to keep things safe while transferring from one place to another. Packaging adhesives are used in paper or various other packaging materials. These adhesives are also used to laminate papers or cardboards, lining food packages such as canes, food packets, and bottles, and pasting labels.
There are various types of packaging adhesives available in the market such as waterborne, solvent-based systems, and hotmelts. The broad categories of adhesives are water-based adhesives, which are mainly known for their stability and consistency, and hot melt adhesives provide strong bonds and are majorly used in machines that run faster. These adhesives are cost-effective and are widely used in high-quality packaging materials.
Environmentally friendly products: Sustainability is a growing trend in the packaging adhesives market. People are highly inclined toward environmentally friendly products, boosting the demand for bio-based adhesives.
Growing demand for flexible packaging: The rapid shift toward flexible packaging drives market growth. Several companies are using high-quality adhesives to improve packaging flexibility.
Advancement in technology: Technological advancements have led to the formulation of quality adhesives. Companies are constantly innovating and improving the quality of adhesives using advanced formulations that provide strong bonds and resistance to ecological factors.
Rising demand for packaged products fuel the packaging adhesives market
As consumer preference shifts toward packaged goods, the demand for quality adhesives is increasing in the e-commerce and food industries for delivering packaged products. Heat seal packaging is widely used in the food industry, as this type of packaging keeps food fresh and protects against harmful microorganisms. Moreover, sustainable adhesives decrease the generation of unsafe substances and reduce product ecological effects and energy consumption.
As various companies increase their delivery services, the requirement for adhesive also increases. This, in turn, boosts competition among market players, encouraging them to innovate and produce enhanced adhesives. Many new companies are also entering the market due to high demand and rising business in this field.
Recent Development by Pidilite Industries Limited
| Company Name | Pidilite Industries Limited |
| Headquarters | Pune, India |
| Development | In February 2024, Pidilite Industries Limited, a leading adhesive and sealants manufacturing company, announced the launch of a new digital campaign for Motomax Insta Shine, which is a DIY vehicle polish. |
Recent Development by Brilliant Polymers Pvt. Ltd.
| Company Name | Brilliant Polymers Pvt Ltd. |
| Headquarters | India |
| Development | In September 2023, Brilliant Polymers Pvt Ltd., a leading producer of laminating adhesives for flexible packaging, launched GLYMO-Free, which is a high-performance solvent-based adhesive. |
The market in Asia Pacific is estimated to grow at the fastest rate during the forecast period due to the rising urbanization in developing countries, such as China, India, and Japan. Continuous research is needed to find innovative technologies to develop the enhanced quality of adhesives for all the sectors of the market, using adhesives for packaging purposes.
North America region dominated the packaging adhesives market in 2023 due to the high consumption of packaged food in this region. As the number of working people is increasing the demand for packaged food is also rising.
Due to increasing income sources, the e-commerce business and online ordering are also increasing, which ultimately leads to growth in the packaging adhesives market.
Quality and advanced adhesive formulation demand is expanding the packaging adhesives market
The rising consumption of packaged food and online business is ultimately boosting the packaging adhesives market by providing top-quality packaging to avoid any breakage or damage to delicate products. In the healthcare sector, there is a huge demand for good quality adhesives for various purposes, mainly for patients to wear devices for diagnosis purposes and many others. Several companies are working progressively to develop better quality adhesives, mainly for the healthcare sector, which should be skin-friendly. For instance, in April 2022, 3M company, which is an American multinational conglomerate operating in the fields of industry, worker safety, consumer safety, and healthcare, developed long-wear adhesives named 3M Medical Tape 4576, intending to fulfill the requirement of 21 days wear time adhesive. Due to several regulations in the packaging adhesive market, it becomes difficult for the market players to follow all the guidelines and hence hinder the growth of the market. It has some preparation norms, such as the requirement of surface for preparation to maintain its quality, and lack of those requirements can hamper the quality of adhesion, which ultimately affect the market.
| Report Attribute | Key Statistics |
| Market Revenue in 2024 | USD 16.47 Billion |
| Market Revenue by 2033 | USD 28.14 Billion |
| CAGR | 6% |
| Quantitative Units | Revenue in USD million/billion, Volume in units |
| Largest Market | North America |
| Base Year | 2023 |
| Regions Covered | North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa |
Market Segmentation
By Technology
By Application
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