Packaging Adhesives Market Size, Share, Demand, Growth, and Forecast Report 2030

This expansion of the e-commerce industry is also driving the growth of the packaging industry. Owing to all these factors, the global packaging adhesives market is projected to grow at a significant pace in the coming years. These adhesives are an important part of the packaging industry, and hence, the growth of the industry is bound to lead to their high demand. Packaging adhesives provide the needed strength and resilience to packaging materials so that the inside product can remain safe from any kind of harm.

Currently, the demand for sustainable packaging adhesives has also been growing across the globe. As customers are getting aware regarding the harmful effects of traditional adhesives, they are widely demanding alternate products that won’t cause harm to the environment. Conventional packaging adhesives have had certain recycling issues in the past, such as high product time. However, now innovative products, such as water-based adhesives that are biodegradable and light in weight, have been developed.

In 2030, the global packaging adhesives market is predicted to generate a revenue of $17,137.4 million, increasing from $10,426.9 million in 2019. The market is further expected to register a 4.6% CAGR during the forecast period (2020–2030). When resin type is taken into consideration, the market is categorized into polyvinyl acetate, acrylic, polyamide, polyurethane (PU), ethyl vinyl acetate, and rubber. Out of these, the acrylic category held the largest share of the market in 2019.

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These adhesives provide a number of advantages, including high shear and peel strength, tensile strength and high impact and shock resistance, which is why they are extensively deployed for a number of applications in the packaging industry. In addition to this, acrylic adhesives can be cured at room temperature, owing to which, production efficiency is increased. The PU category is expected to register the highest CAGR during the forecast period. Geographically, the Far East region dominated the packaging adhesives market in 2019.

The high-volume consumption of these adhesives in industries such as personal care, food & beverage, and e-commerce is driving growth of the regional domain. Packaging adhesives are majorly being consumed China and Japan, where the e-commerce industry has registered substantial growth. As the preference for online shopping increase, the requirement for cartons and corrugated boxes for delivering products will increase as well. This, in turn, will drive the demand for packaging adhesives. The region is further predicted to register the fastest growth during the forecast period, owing to such factors.

In conclusion, the market is being driven by the expanding e-commerce industry and need for sustainable packaging adhesives.