The packaging adhesive market is expected to grow from USD 14.99 billion in 2025 to USD 25.99 billion by 2034, registering a CAGR of 6.3%. Asia Pacific leads the market with a 40% share, driven by industrialization and urbanization in China and India. North America, holding the second-largest market share, is driven by advanced adhesive technologies, particularly water-based adhesives. The market is segmented into water-based, hot melt, solvent-based, and other types, with flexible packaging driving the demand. Key companies like Henkel, 3M, and H.B. Fuller are investing in innovations, with strategic acquisitions playing a significant role in market competition.
Key Players Shaping the Packaging Adhesive Market
Recent Developments in the Packaging Adhesive Market Innovations and Advancements
- In Jun 2023, Henkel expanded its technological portfolio and fortified its Adhesive Technologies division by acquiring the Sonderhoff Group and the global Darex Packaging Technologies company.
- In May 2023, the acquisition of Beardow Adams, an adhesive company in the United Kingdom, was announced by H.B. Fuller, a US-based adhesive expert.
- In July 2021, Huntsman Corporation completed its acquisition of Gabriel Performance Products from Audax Private Equity. Gabriel is a speciality chemical company in North America that produces epoxy curing agents and specialized additives for adhesives, coatings, and sealants.
- In Jan 2022, the acquisition of SAPICI by Sun Chemical brings the global provider of high-performance polyurethanes for flexible packaging, industrial adhesives, coatings, and more to the forefront.
- In Nov 2021, The Italian producer of adhesives and polymers, SAPICI S.p.A., had all of its shares acquired by Sun Chemical Group S.p.A., a wholly-owned subsidiary of DIC Corporation, headquartered in Milan.
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