Packaging Adhesives Market Report

Packaging Adhesives Market Analysis By Technology (Water Based, Solvent-Based, Hot Melt), By Application (Flexible Packaging, Folding Cartons, Case & Carton, Labeling), By Region, And Segment Forecasts, 2014 - 2025

Published: October 2017  |  103 Pages  |  Format: PDF  |  Report ID: GVR-1-68038-658-5

Industry insights

The global packaging adhesives market size was worth USD 6.28 billion in 2016. Increasing consumer awareness regarding the use of eco-friendly packaging products is anticipated to drive the demand for packaging adhesives.

Packaging adhesives (PA) are manufactured using various technologies such as water-based, solvent-based, and hot melt. They are used in a wide range of applications such as non-rigid bonding in textiles, flexible packing, and structural usage for assembly operations to provide high bonding strength. Food & beverages and healthcare are the major industries were PA are used. These industries are also witnessing numerous technological advancements along with the proliferation of unique packaging designs, which promotes the use of PA.

U.S. Packaging Adhesives Market Revenue, by Technology, 2014 - 2025 (USD Million)

U.S. Packaging Adhesives Market

The U.S. market was valued at USD 765.9 million in 2016 and is expected to progress at a CAGR of 4.6% from 2017 to 2025. Globally, about 50% of the total packaging products manufactured, are utilized for food packing. Food safety is one of the primary concerns and top priorities for developing new PA products. Increasing applications of folding boxes, bags, beverage cartons, and labeling are expected to be the major factors driving the PA demand in the U.S.

Technology Insights

North America is anticipated to be a key consumer for hot-melt PA over the forecast period due to technological innovations in the region. This innovation in the technology is also expected to enhance the productivity of packing products. The key industry participants operating in the region, are also involved in developing innovative production methods by using their global R&D capabilities and technical knowledge. These factors are expected to drive the industry growth across the region in the upcoming years.

Water-based PA are mixed with water prior to their use in varios applications.They improve the moisture resistance of packing products in comparison to other glues, which are directly soluble in water. Gluten, PVA, casein, starch, and skin glues are the most commonly used water-based PA products in several industrial applications.

Reactive glues are formed using monomer resins. They formulate permanent bonds between substrates to provide moisture, heat, and resistance to various chemicals. Monomer resins are used to manufacture reactive PA. Significant growth due to factors such as excellent durability and high bond strength even under adverse environmental conditions is expected to boost the segment growth. Additionally, these adhesives also offer performance advantages over solvent-based or hot-melt by gluing materials that resist melting.

Application Insights

The flexible packaging application segment dominated the market in 2016, in terms of revenue, accounting for a market share of around 33%. Various regulations formed by the U.S. FDA and upgradation of technologies used in the pharmaceutical industry, research, & manufacturing sectors have driven significant developments in the packing industry.

Solid hot melt PA are used as a substitute of water-based and reactive polyurethane for flexible packing in the food sector. This adhesive does not require final curing leading to reduced investments for storage space. Solid hot melt glues do not require drying as they possess low energy consumption, reduce emissions, and increased productivity.

Adhesives applications include corrugated boxes, which are lightweight and convenient to manage during packaging, loading, and unloading. Raw materials required for manufacturing corrugated boxes are inexpensive in comparison to other products, which make these boxes affordable compared to other alternatives in the market. The rise in demand for corrugated boxes is expected to aid the market growth of other application segment over the forecast period.

Clear labels are replacing inks for the labeling of containers in the packaging industries. Water-based PA are gaining prominence on account of their environment-friendly nature. They are formulated by the means of natural and soluble synthetic polymers for applications such as labeling and bonding. Such benefits are expected to trigger the segment growth.

Regional Insights

In North America, developments in technologies and innovative techniques for manufacturing environment-friendly adhesives are expected to be major factors driving the water-based adhesives market. Water-based technology is less costly in comparison to other adhesive systems. In addition, it can be easily used in various ways such as spraying, immersion, or screen-printing, and roller coating.

Increase in the manufacturing operations in Asia Pacific region owing to a large number of producers in the region is projected to augment the growth of the regional market at a significant rate over the forecast period. The facilities in Asia Pacific supply raw materials both within the region as well as outside the region.

Global Packaging Adhesives Market Revenue, by Region, 2016 (%)

Global Packaging Adhesives Market

Developed nations such as the UK have made it mandatory that medicines like elemental iron, contraceptives, aspirin, paracetamol, and many other drugs are offered in Child-Resistant Packaging (CRP). Various new regulations and technological upgrade in the pharmaceutical industry, research, and manufacturing sectors have driven the packaging industry growth.

The European adhesive market is witnessing growth owing to rising manufacturing activities. The manufacturers in Eastern Europe are inclined toward organic growth in a bid to strengthen their global reach and tap into the regional markets.

Competitive Insights

The industry is highly competitive and fragmented in nature. Some of the players in this sector include H.B. Fuller; 3M Company; Sika AG; The Dow Chemical Company; Bostik SA (An Arkema Company); Henkel AG & Co. KGaA; Royal Adhesives & Sealants; Jowat SE; Dymax Corporation; and Avery Dennison Corporation.

Bizerba USA, a weighing, cashing, checking, slicing, processing, commissioning, & labeling manufacturer and Henkel Adhesive Technologies, a manufacturer of adhesives, sealants, & functional coatings announced a collaboration in 2015 to maintain the respective company’s packaging adhesives market share in the region. 

Report Scope

Attribute

Details

Base year for estimation

2016

Actual estimates/Historical data

2014 - 2015

Forecast period

2017 - 2025

Market representation                                                

Volume in Kilotons, Revenue in USD Million and CAGR from 2017 to 2025

Regional scope

North America, Europe, Asia Pacific, Central & South America, and Middle East & Africa

Country scope

U.S., Canada, Mexico, Germany, UK, France, China, Japan, and India

Report coverage

Volume and revenue forecast, company share, competitive landscape, growth factors, and trends

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Segments covered in the report

This report forecasts volume and revenue growth at global, regional, and country levels and provides an analysis on the industry trends in each of the sub-segments from 2014 to 2025. For the purpose of this study, Grand View Research has segmented the global packaging adhesives market on the basis of technology, application, and region:

  • Technology Outlook (Volume, Kilotons; Revenue, USD Million; 2014 - 2025)

    • Water-based

    • Solvent-based

    • Hot Melt

    • Others

  • Application Outlook (Volume, Kilotons; Revenue, USD Million; 2014 - 2025)

    • Flexible Packaging

    • Folding Carton

    • Case & Carton

    • Labeling

    • Others

  • Regional Outlook (Volume, Kilotons; Revenue, USD Million; 2014 - 2025)

    • North America

      • U.S.

      • Canada

      • Mexico

    • Europe

      • Germany

      • UK

      • France

    • Asia Pacific

      • China

      • Japan

      • India

    • Middle East & Africa

    • Central & South America

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