Growing need for packaging material driving pressure sensitive adhesives Market

The pressure sensitive adhesives market is growing rapidly. APAC led the way both in terms of volume and value. Main reason behind the growth of this industry in the APAC region is the flourishing packaging, healthcare, automotive, construction and electrical industries Pressure-sensitive

In the past few years, major players in the industry have announced several strategies, such as facility expansion product launches. Such activities are required because of the growing consumption of pressure sensitive adhesives. It is offering business prospects to market players. For instance, BASF SE announced in 2019 that it has doubled its production volume of ultraviolet acrylic hotmelts being sold to the acResin brand. And, small industries are also collaborating with the big players to gain high revenue.

India, China, Brazil, have vast growth potential for the players. It is due to the growing construction, electronics, consumer goods, fast-moving industry, the demand for such adhesives is growing. For instance, many companies are building their factories in these countries to satisfy the surging demand. For instance, Bostik India Private Limited, a specialty adhesives business line of Arkema Group, came up with a new production facility in Gujarat, India.

Adhesives market is quite fragmented, top 10-15 companies hold 50% share and remaining market is with hundreds of local manufactures. One of the major consumers of these products is e-commerce, with the growing industry, the consumption of packaging products is also growing. We observe that every e-commerce package is covered with such material.

silicone category will grow with the fastest, as the demand for hygiene products is increasing tremendously and Silicone adhesives are heavily used in several healthcare and hygiene products. for instance, medical tapes, baby diapers and sanitary napkins.

Tapes category is also expected to grow in the future, as the usage of such products is increasing in automobile, packaging, electronics, construction industries. With the expansion of these industries, the need for tapes will also increase.

In the past, the packaging category holds the largest share in the pressure sensitive adhesives market. The demand is increasing because of the increase in the requirement of cardboard cartons form e-commerce industry. And, the growing e-commerce industry is increasing the demand for packing material, and will continue like this in the future as well.

It is because of the boom in the e-commerce industry, the demand for pressure sensitive adhesives will increase in the near future.


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