Global packaging adhesives market projected to reach USD 24.89 billion by 2032 with CAGR of 5.67%
From GlobeNewswire: 2025-04-11 10:00:00
The global packaging adhesives market is projected to reach USD 24.89 billion by 2032, with a CAGR of 5.67% from 2024 to 2032. Demand for eco-friendly alternatives and high-performance bonding solutions is driving growth, with water-based and pressure-sensitive adhesives gaining acceptance.
In the United States, the market share was USD 1.98 billion in 2023 and is expected to grow to USD 3.11 billion by 2032. Factors driving growth include the booming packaging industry, presence of major players, and increasing demand for sustainable packaging formats.
Key players in the market include 3M, Arkema, Avery Dennison, Beardow Adams, DIC Corporation, Dow Inc., Evonik Industries, Franklin International, H.B. Fuller, Henkel AG, ITW Performance Polymers, Jowat SE, Paramelt RMC, Sika AG, and more.
The market report scope includes a market size of USD 15.16 billion in 2023, with a forecast of USD 24.89 billion by 2032 and a CAGR of 5.67% from 2024 to 2032. Key segments include resin type, technology, and application, with drivers including growth of e-commerce and online retailing.
Polyvinyl Chloride (PVC) resins led the market in 2023, with a market share of over 28.6% in terms of volume. Water-based adhesives captured the highest market share of 41.2% in 2023, driven by cost efficiency and environmental properties. Flexible packaging held the largest market share in the industry at 27.8%. Packaging giants like Amcor and Sealed Air have expanded their flexible packaging offerings, increasing demand for adhesives to enhance performance and sustainability. In 2023, North America led the Packaging Adhesives Market with 37.8% share, driven by consumer demand for sustainable solutions in food, healthcare, and consumer goods. Key players like 3M and H.B. Fuller are developing bio-based adhesives to meet industry needs, supported by USA’s strict environmental regulations. Recent developments include Henkel’s new water-based adhesives for food packaging and H.B. Fuller’s compostable solutions for flexible packaging. Bostik also launched advanced hot-melt adhesives for e-commerce packaging.
For more information or customized research, contact SNS Insider, a leading global market research and consulting agency. Their aim is to provide clients with up-to-date market data and insights to navigate changing landscapes. Visit their website for the full research report on the Packaging Adhesives Market 2024-2032.
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