The packaging adhesives market exhibits high growth potential and is projected to reach a market size of USD 18.6 billion by 2028 from USD 15.3 billion in 2022, at a CAGR of 3.2%. North America is the largest packaging adhesives market that is projected to register 2.6% CAGR. This high growth is due to the growing demand from the packaging industry. There is rising awareness about the use of eco-friendly adhesives in this region.
The key players following the strategies between 2018 to 2022, Henkel AG (Germany), 3M (US), H.B. Fuller (US), The Dow Chemical Company (US), Arkema S.A. (France), Avery Dennison Corporation (US), Sika AG (Switzerland),, Wacker Chemie AG (Germany), DIC Corporation (Japan), DuPont (US). The companies are majorly following product launch, merger & acquisition, investment & expansion, and as the strategy to grow and expand the market.
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As a global adhesive technologies company. Henkel AG operates in wide range of business segments, including as adhesive technologies, laundry & home care, beauty care, and corporate. Globally, Henkel’s adhesive technologies segment is a market leader in diverse end-use industries across North America, Latin America, Asia Pacific, Europe, and the Middle East & Africa.
3M offers products, including adhesives, bonding materials, coatings, and specialty materials. The company has four business segments, namely, safety & industrial, transportation & electronics, healthcare, and consumer. As part of its safety & industrial and consumer segments, The company manufactures packaging adhesives for various applications. With production sites in 70 countries worldwide, it serves customers in approximately 200 countries in the Asia Pacific, Americas, Europe, and the Middle East & Africa.
Packaging Adhesives Market by Resin Type (Polyurethane, Acrylics, PVA), Technology (Solvent-based, Water-Based, Hot-Melt), Application (Case & Carton, Corrugated Packaging, Labeling, Flexible Packaging, Folding Cartons), and Region - Global Forecast to 2028
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