Packaging Adhesives Market | Exactitude Consultancy Reports
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The global packaging adhesives market size was valued at USD 9.26 billion in 2022, and projected to reach USD 16.77 billion by 2029, with a CAGR of 6.82% from 2023 to 2029.
Packaging Adhesives Market Overview
Adhesives are essential components that are used in the paper and packaging industries. Adhesives are used for example in laminating paper and cardboard, gluing labels and lining food packages such as beverage cans. Adhesives used to bind together two or more pieces of packaging are referred to as packaging adhesives. Solvent-based, water-based, and hot-melt adhesives are a few of the more popular kinds of packaging adhesives. While solvent-based adhesives are utilized for plastic applications, water-based adhesives are used for porous or non-porous substrates including starch, dextrin, and polyvinyl alcohol (PVA). The thermoplastic-based adhesives known as hot-melt adhesives, sometimes known as hot glue, melt when heated. Cases, cartons, and flexible packaging are what they are mostly used for. Natural and synthetic polymers, including polychloroprene, polyvinyl acetate, polyurethane, and polyvinyl pyrrolidone, are used in the production of these adhesives.
Segment Analysis
By technology, the market is segmented into water-based, solvent-based, and hot melt, Starch and Emulsion-based. By technology type, water-based adhesive is expected to be the largest market shareholder due to their environmental friendliness. The water-based segment is expected to grow at the fastest CAGR of 7.7% during the forecast period in the Packaging Adhesives Market. Water-based adhesives are growing in popularity as manufacturers are more inclined toward producing sustainable products with lesser environmental impact.
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