Global Packaging Adhesives Market Estimated To Advance At A CAGR Of About 3.4% During 2024 – 2032

As per Zion Market Research, the global packaging adhesives market size is projected to augment at a CAGR of around 3.4% during the forecasted period 2024 – 2032. The market expansion is mainly driven by increasing demand from the packaged food & beverages segment due to the rising population, surging disposable incomes, and altering consumer dietary needs. The packaged food & beverage products mainly consist of cake mixes, ready-to-eat food products, snacks, and frozen meals. The increasing demand for these products is estimated to impel producers to boost their production capacity, which is predicted to fuel the market development during the forecasted period.

Some of the key players in the market are 3M Company; Hitachi Chemical Company Ltd.; Henkel AG & Co.; H. B. Fuller; Toyochem Co., Ltd.; Ashland Inc.; Huntsman Corporation; and Dymax Corporation. Several players in the market are distinguished by strategies like capacity expansion, mergers & acquisitions, long term contracts, and joint ventures with the end-users to maintain their market position.

Increased Demand For Flexible Packaging In Food & Beverage Section To Boost The Global Packaging Adhesives Market

The increasing demand for flexible packaging from the food & beverage segment is expected to be a positive aspect of the growth of the market. Beverages & food items are perishable and tend to modify their flavor & color in a short period. The flexible packaging provides a higher shelf life than traditional hot-fill packaging. It reduces the need for refrigeration, which makes it suitable for customers to store products. The novel processing methods advanced for augmenting the shelf life of food products are impelling the growth of the packaged food industry. This is expected to augment market development during the forecasted period. The pharmaceutical industry is another main end-user of the market. Increasing consumer concerns regarding health, technological innovations, and surging disposable earnings have resulted in the rapid expansion of the global pharmaceutical industry during the last few decades and this movement is expected to continue over the estimated period.

The global packaging adhesives market is bifurcated on the basis of technology, application, and regional analysis. Based on technology, the market is divided into solvent-based, water-based, hot melt, and others. Based on the application, the market is divided into folding cartons, flexible packaging, labeling, boxes & cases, and others.

The North America Region Projected To Witness Massive Growth In The Global Packaging Adhesives Market

Based on geographical analysis, the global packaging adhesives market is divided into North America, Europe, Latin America, Asia Pacific, and Middle East & Africa. The North America region is likely to witness a growth rate of around 4.6% in terms of revenue over the estimated period. The requirement for water-based adhesives is outstanding in the region, due to surging technological advancements, the introduction of innovative techniques, and the use of bio-based raw materials. Additionally, aspects like easy application and low cost of water-based adhesives in different ways like screen-printing, roller-coating, and spraying are projected to further surge product usage in the future.

Browse the full “Packaging Adhesives Market - By Technology (Solvent-Based, Water-Based, Hot Melt, and Others), By Application (Folding Cartons, Flexible Packaging, Labeling, Boxes & Cases, and Others), And By Region - Global Industry Perspective, Comprehensive Analysis, and Forecast, 2024 – 2032.” Report at https://www.zionmarketresearch.com/report/packaging-adhesives-market

The global packaging adhesives market is segmented as follows:

By technology:

• Solvent-based
• Water-based
• Hot melt
• Others

By application:

• Folding cartons
• Flexible packaging
• Labeling
• Boxes & cases
• Others

By region:

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa

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