Market Size of Packaging Adhesives Industry
| Study Period | 2017-2027 |
| Market Size (2023) | USD 27.43 Billion |
| Market Size (2028) | USD 37.48 Billion |
| CAGR (2023 - 2028) | 6.44 % |
| Fastest Growing Market | Asia-Pacific |
| Largest Market | Asia-Pacific |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Packaging Adhesives Market Analysis
The Global Packaging Adhesives Market size is estimated at USD 27.43 billion in 2023, and is expected to reach USD 37.48 billion by 2028, growing at a CAGR of 6.44% during the forecast period (2023-2028).
The market was marginally impacted by COVID-19 in 2020. The COVID-19 pandemic limited dining out and led to increases in home cooking. With that, significant drops in the production values of juices, water, soft drinks, and alcoholic beverages were nearly offset by growth in wheat flour, dairy, health foods, and convenience or ready-to-eat foods.
- The factors driving the growth of the market studied are the growing demand from the food and beverage industry, increasing awareness about food safety , and avoiding risks of contamination.
- On the flip side, the impact of regulations on various raw materials to be used for manufacturing adhesives may hinder the market's growth.
- However, the rapid growth in e-commerce will further provide opportunities for the market to grow.
- Asia-Pacific accounted for the highest share of the market, and it is likely to continue dominating the market during the forecast period.
