About Food Packaging Adhesive
In today’s food packaging market, there is a huge advancement in the packaging process. The packaging protects the contents against chemical and biological contamination and also avoids mechanical damage while transporting them. Adhesives become essential in the production of food packaging. Around 80% of the packaging contains adhesives. The adhesive industry provides products on the basis of a variety of technologies in food packaging.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The global food packaging adhesive market is highly competitive and consists of some key players. In terms of market share, few of the key players presently dominate the global market. These market players are leveraging on strategic collaborative creativities to intensification their market share and escalation their profitability. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Food Packaging Adhesive market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Cytec Industries Inc. (United States), Avery Dennison Corporation (United States), Henkel (Germany), Hitachi Chemical Co Ltd (Japan), Lord Corporation (United States), DuPont (United States), Huntsman International LLC (United States), Mitsubishi Chemical Corporation (Japan), The Dow Chemical Company (United States), Bostik (United States), BASF (Germany) and 3M Company (United States) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Sika AG (Switzerland), idilite (India), H.B. Fuller (United States) and DELO (Germany).
Segmentation Overview
AMA Research has segmented the market of Global Food Packaging Adhesive market by Type (Solvent Adhesive, Solvent-Free Adhesive and Waterborne Adhesives), Application (Growth in Food Packaging Industry, Growing Trends for Food Home Delivery and Increasing Transportation of Food) and Region.
On the basis of geography, the market of Food Packaging Adhesive has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Material, the sub-segment i.e. Polyester (PETP, PBTP) will boost the Food Packaging Adhesive market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Packaging , the sub-segment i.e. Folding Boxes will boost the Food Packaging Adhesive market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
High Adoption of Bio Adhesives
Market Growth Drivers:
Growth in Food Packaging Industry, Growing Trends for Food Home Delivery and Increasing Transportation of Food
Challenges:
High Cost of Raw Materials and Stringent Regulations
Restraints:
Growing Concerns about Adverse Impact of Solvent-Based Adhesives
Opportunities:
Advancement in Packaging Technology and Growing Number Adhesive Players across the Globe
Market Leaders and their expansionary development strategies
In February 2023, Stahl has agreed to acquire ICP Industrial Solutions Group (ISG), a high-performance packaging coatings manufacturer. ISG, a division of Innovative Chemical Products (the ICP Group), offers a portfolio of high-performance coatings used primarily in packaging and labeling applications, notably in the resilient food and pharmaceutical sectors.
In April 2023, Dow and Avery Dennison have co-developed an innovative and sustainable new hotmelt label adhesive solution that enables polyolefin filmic labels and polypropylene (PP) or polyethylene (PE) packaging to be mechanically recycled together in one stream. The adhesive is the first of its kind on the label market and is approved by Recyclass for recycling in the HDPE colored stream – Class B.
Key Target Audience
Venture Capitalists and Private Equity Firms, New Entrants/Investors, Analysts and Strategic Business Planners, Food Packaging Adhesive Manufacturers, Suppliers and Distributors, Raw Material Suppliers, Government Regulatory and Research Organizations and End-Use Industries
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.