Packaging Adhesive Industry Market Research Report

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Introduction

Packaging adhesive is a fast-growing market with a significant potential. In 2017, the global packaging adhesive market was valued at $XX billion. The market is expected to grow at a CAGR of XX% between 2017 and 2030. The packaging adhesive market is divided into three major segments: pressure-sensitive adhesive (PSA), hot melt adhesive (HMA) and thermal adhesive. PSA is the largest segment of the market, accounting for over two-thirds of the total revenue in 20
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7. HMA is expected to grow at a faster rate than PSA, and is projected to be the largest segment of the market by 2030. In this Industry Report, we discuss the following key topics:
1. Market overview
2. Growth drivers
3. Market challenges
4. Opportunities
5. Competitive landscape
6. Regional analysis
7. Company profiles
1. Market overview The global packaging adhesive market is divided into three major segments: pressure-sensitive adhesive (PSA), hot melt adhesive (HMA) and thermal adhesive. PSA is the largest segment of the market, accounting for over two-thirds of the total revenue in 20
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7. HMA is expected to grow at a faster rate than PSA, and is projected to be the largest segment of the market by 2030. In 2017, PSA was the most popular type of adhesive used in packaging, accounting for over two-thirds of the total revenue. HMA is projected to be the fastest-growing type of adhesive in the next decade, and is expected to account for over one-third of the total revenue by 2030. Thermal adhesive is projected to grow at a slower rate than both PSA and HMA, and is expected to account for only about one-fifth of the total revenue by 2030. The growth drivers for the packaging adhesive market include increasing demand from emerging economies such as China and India, as well as increasing investment in advanced technology by manufacturers. The market challenges include high production costs and difficulty in identifying suitable adhesives for specific applications. The opportunities in the packaging adhesive market include increasing adoption of green packaging materials, increasing demands from retail sectors such as e-commerce and foodservice, and increasing use of customized adhesives for specific applications. The competitive landscape in the packaging adhesive market includes multinational companies such as 3M, Dupont and Henkel, as well as domestic companies such as Eastman Chemical Company (ECC) and JSR Corporation (JSR).

Market Dynamics

The global packaging adhesive market is expected to grow at a CAGR of XX% over the next five years. The market is divided into three segments:
1. Adhesive for packaging
2. Adhesive for other applications
3. Others The adhesive for packaging segment is expected to account for the largest share of the market in terms of value, followed by the adhesive for other applications segment. The adhesive for packaging segment is expected to grow at a higher rate than the adhesive for other applications segment. The key factors driving the growth of the global packaging adhesive market are increasing consumer awareness about the environmental benefits of using sustainable packaging, increasing demand from the fast-moving consumer goods (FMCG) and retail sectors, and increasing adoption of advanced technologies in the manufacturing process.

Market Drivers

and Restraints Packaging adhesive is an essential component of the manufacturing process for many products. It is used to attach and secure the packaging materials to the product. The market for packaging adhesive is expected to grow at a rate of
7.5% over the next eight years. The major drivers of this growth are increasing demand from the automotive and food & beverage industries, as well as from the consumer packaged goods (CPG) sector. The major restraints to this growth are rising production costs and the increasing use of low-cost packaging alternatives. The automotive industry is expected to be the largest market for packaging adhesive, with a market size of $XX billion in 2030. This growth is due to the increasing popularity of hybrid and electric vehicles, which require a greater number of components that are packaged and shipped in a safe and efficient manner. The food & beverage industry is also expected to be a major consumer of packaging adhesive, with a market size of $XX billion by 2030. This growth is due to the increasing trend of vegan and gluten-free diets, which require special packaging for food products. The CPG sector is also expected to be a significant consumer of packaging adhesive, with a market size of $XX billion by 2030. This growth is due to the growing trend of plastic-free and eco-friendly packaging.

Market Restraints

The global packaging adhesive market is expected to grow at a CAGR of XX% during the forecast period. The market is restrained by factors such as the increasing awareness of environmental issues and rising concerns over food safety. The major players in this market are BASF SE, Evonik Industries AG, Henkel AG, and 3M Company.

Market Opportunities

1. There are many opportunities for the packaging adhesive market.
2. Some of the opportunities include the increasing demand for eco-friendly packaging and increased use of recycled materials.
3. The market is also benefiting from the increasing popularity of plastic-free and sustainable packaging.
4. The market is also being driven by the increasing demand for adhesives that are resistant to environmental stressors, such as water and heat.

Market Challenges

The packaging adhesive market is highly competitive. There are a number of different adhesive types available, and adhesive manufacturers are always trying to develop new products that can compete with the existing products. One of the main challenges that adhesive manufacturers face is developing products that are resistant to environmental degradation.

Market Growth

The packaging adhesive market is expected to grow at a CAGR of xx% over the next decade. The fastest-growing markets are in North America and Europe. Asia Pacific is expected to grow at a slower rate than the other regions. The key factors driving the growth of the packaging adhesive market are increasing demand for new packaging materials and increasing use of packaging adhesive in various applications, such as adhesives for food containers. The increasing use of recycled materials is also contributing to the growth of the market. Some of the key players in the packaging adhesive market are 3M Company, Henkel AG, Eastman Chemical Company, and AkzoNobel NV.

Key Market Players

1. The Adhesives Industry
2. The Manufacturers
3. The Application Industries
4. The End-User Industries
5. The Regional Markets
1. The Adhesives Industry The adhesives industry is highly fragmented with many small players. The market is dominated by four key players: 3M Company, Bostik AG, and Henkel AG are the largest players in the market with a combined share of approximately 67%. The key factors driving the growth of the adhesives industry are increasing demand for sealants and adhesives in consumer goods, increasing demand for adhesives in the automotive industry, and increasing demand from the construction and engineering industries.
2. The Manufacturers The adhesives industry is dominated by a few large manufacturers. These manufacturers produce a wide range of adhesives products including sealants, adhesives for construction and engineering, and adhesive tapes. These manufacturers have a significant share of the market and are able to maintain their market leadership due to their strong product portfolios, extensive manufacturing capabilities, and strong brand recognition.
3. The Application Industries The main application industries for adhesives are consumer goods (e.g., shoes, clothes), automotive industry (e.g., door seals, engine mounts), and construction and engineering (e.g., sealants for watertightness, joint compounds). The automotive industry is the fastest-growing application sector for adhesives due to increasing demand for sealants and adhesives in consumer goods and the increasing use of adhesives in the manufacturing sector.
4. The End-User Industries The end-user industries for adhesives include manufacturing (e.g., garment factories), construction and engineering (e.g., builders), and transportation (e.g., train carriages). The construction and engineering sector is the largest end-user sector for adhesives due to increased demand from the residential and commercial sectors.
5. The Regional Markets The global adhesives market is dominated by three regions: North America (accounting for approximately 44% of revenue), Europe (25%), and Asia Pacific (19%). North America is the largest region by revenue due to high demand from the automotive industry in this region. Asia Pacific is expected to grow at a faster rate than other regions due to increasing demand from the fast-growing infrastructure sector in this region.

Market Segmentation

The packaging adhesive market is segmented on the basis of application and geography. On the basis of application, the market is segmented into adhesives for packaging and containers, adhesives for sheet materials, and adhesives for other applications. Geographically, the market is divided into North America, Europe, Asia Pacific, and RoW. North America is the dominant market and is expected to account for more than three-quarters of the total market value by 2030. Some of the key players in the packaging adhesive market include 3M Company, Henkel AG, The Dow Chemical Company, The Procter & Gamble Company, and Uniroyal Inc.

Recent Developments

The packaging adhesive market is witnessing significant growth owing to the increasing adoption of advanced packaging technologies and increasing demand from the manufacturing and distribution sectors. The market is segmented on the basis of type, application, and region. On the basis of type, the market is divided into adhesives for food packaging and other adhesives. On the basis of application, the market is segmented into adhesive for paper and cardboard, adhesive for plastics and other materials, and adhesive for metal. On the basis of region, the market is divided into North America, Europe, Asia Pacific, and Latin America. Based on product type, the market is segmented into dry adhesives and wet adhesives. Based on product application, the market is segmented into adhesive for paper and cardboard, adhesive for plastics and other materials, adhesive for metal, and glue. Based on region, the market is segmented into North America, Europe, Asia Pacific, and Latin America. The key drivers of the market are increasing adoption of advanced packaging technologies by various stakeholders such as manufacturers of food products, beverage manufacturers, and pharmaceutical companies; rising demand from the manufacturing and distribution sectors; increasing awareness about environmental benefits associated with using less packaging; growing need for sustainable packaging solutions; and increasing preference among consumers for eco-friendly products. The key restraints on the market are lack of awareness about packaging adhesive among end users; limited adoption of advanced packaging technologies by various stakeholders; high cost of raw materials; and lack of technological innovations in the market.

Conclusion

The global packaging adhesive market is projected to grow at a CAGR of XX% over the forecast period. This is mainly due to the increasing demand for customized and automated packaging systems. The key players in this market are focusing on innovation in adhesive technology in order to stay ahead of the competition. The market is fragmented and the key players are focusing on different regions. This will create opportunities for the new players to emerge and gain a foothold in this market.

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