Packaging Adhesives Market Growth and Forecast, 2022 - 2028

 

Packaging adhesives are materials that are used to bond or stick different types of packaging materials together. These adhesives are used in a wide range of packaging applications, such as cartons, bags, labels, pouches, and flexible packaging. Packaging adhesives provide various advantages, including cost-effectiveness, durability, and environmental sustainability.

Market Overview:

The global packaging adhesives market size was valued at USD 6.4 billion in 2020 and is expected to grow at a compound annual growth rate (CAGR) of 5.2% from 2021 to 2028. The increasing demand for packaging materials in various end-use industries, such as food and beverage, healthcare, and personal care, is expected to drive the market's growth.

Applications: Packaging adhesives are used in various packaging applications, including:

• Cartons and boxes
• Bags and sacks
• Labels and tapes
• Pouches and sachets
• Flexible packaging

Packaging adhesives are used in a wide range of end-use industries, such as food and beverage, healthcare, personal care, and industrial. They provide various benefits, such as improving the durability and strength of packaging materials, increasing the shelf life of products, and enhancing the aesthetic appeal of packaging.

Regional Analysis:

The Asia Pacific region is expected to dominate the packaging adhesives market during the forecast period, owing to the increasing demand for packaging materials in various end-use industries, such as food and beverage, healthcare, and personal care. China, India, and Japan are the major contributors to the growth of the market in the Asia Pacific region.

North America is another significant market for packaging adhesives, driven by the increasing demand for sustainable and eco-friendly packaging solutions. The United States is the largest consumer of packaging adhesives in the North American region.

Europe is also expected to witness significant growth in the packaging adhesives market, owing to the increasing demand for packaging materials in various end-use industries, such as food and beverage, healthcare, and personal care.

Key Players:

Some of the major players operating in the global packaging adhesives market include H.B. Fuller Company, Henkel AG & Co. KGaA, 3M Company, Ashland Inc., Avery Dennison Corporation, Bostik SA, Dow Inc., and Sika AG. These companies are focusing on product innovation, strategic partnerships, and mergers and acquisitions to expand their presence in the market.

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