U.S. Packaging Adhesives & Sealants Market - Focused Insights 2023-2028

The US packaging adhesives & sealants industry is on an unstoppable ascent, estimated to soar from $5.25 billion in 2022 to an impressive $7.60 billion by 2028, marking a robust CAGR of 6.35%. Several factors contribute to this growth:

Paper & Paperboard Segment Growth: The sector is blossoming with a CAGR of 6.67%, driven by the escalating demand for retail paper bags, packaged foods, and superior-quality packaging materials.

Rising Demand for Water-based Adhesives: Reflecting a notable CAGR of 6.87%, this growth is fueled by the increasing preference for natural/bio-based products, paper-based packaging materials, and rising concerns about VOC emissions.

Food & Beverages as Key Players: This segment, growing at a CAGR of 6.81%, is benefiting from increased consumer spending, escalating demand for packaged foods, and a call for advanced packaging security measures.

Sustainable Solutions are the Future: The industry is witnessing a significant surge in demand for eco-friendly adhesives, adhesive-coated tapes, flexible packaging, and enhanced packaging security. Moreover, there's a notable push for recyclable adhesives for labeling applications, especially from the food & beverages and pulp & paper sectors.

Evolving Consumer Preferences: The rising demand for natural ingredients in food packaging is paving the way for natural/bio-based adhesives and sealants.

The emergence of Reseal Packaging: Resealing augments product shelf life, combats microbial growth and preserves food flavor. The rise in packaged food demand has intensified the need for resealable packaging products. Market leaders like Bostik and Henkel AG & Co. KGaA are capitalizing on this, offering hotmelt adhesives for resealable food trays.

Adhesive-Coated Tapes on the Rise: Driven by e-commerce growth and the need for increased safety during transportation, adhesive-coated tapes are witnessing heightened demand. Companies like H.B. Fuller Company and 3M are at the forefront, delivering quality adhesive tapes for packaging.

Safety First: Enhanced packaging security has become paramount, particularly in the medical and food industries, to combat contamination issues and maintain product quality.

Market Strategy: Key players in the US packaging adhesives & sealants market are doubling down on their efforts to innovate, with many focusing on high-performance and recyclable products. Strategic acquisitions, like Henkel AG & Co. KGaA's purchase of NBD Nanotechnologies Inc., underscore the industry's trajectory towards expansion and fortified market positions.

Industry Titans and Innovations: Renowned entities like 3M, H.B. Fuller Company, Henkel AG & Co. KGaA, Arkema Group, Sika AG, and Dow dominate the market. However, numerous other prominent players are leaving their mark. The race is on for high-performance adhesives, with innovations offering faster curing times, superior bond strength, and heightened resistance levels. An example is H.B. Fuller Company's introduction of instant adhesives for various surfaces.

The US packaging adhesives & sealants market is not only flourishing but is also ripe with opportunities, innovations, and dynamic market strategies. Whether you're an industry stalwart or a budding entrepreneur, now is the time to cement your foothold in this lucrative market.

KEY HIGHLIGHTS:

• The US packaging adhesives & sealants market was valued at $5.25 BN in 2022 and is expected to reach $7.60 BN by 2028, growing at a CAGR of 6.35% during the forecast period. 
• The US packaging adhesives & sealants market is growing significantly due to increasing demand for high-performance adhesives, the emergence of reseal packaging, growing demand for adhesive coated tapes, rising demand for flexible packaging, growing demand for sustainable and eco-friendly adhesives, rising demand for convenience food, and growing demand for enhanced packaging security.
• In the US packaging adhesives & sealants market, demand for recyclable adhesives for labeling applications from the food & beverages industry and the pulp & paper industry is growing significantly. 
• Demand for natural/bio-based adhesives and sealants is gaining traction in the market, as the consumer preference for natural ingredients-based food packaging products in the US market.
• 3M, H.B. Fuller Company, Henkel AG & Co. KGaA, Arkema Group, Sika AG, and Dow are the leading players and have strong market penetration. Vendors such as Wacker Chemie, AVERY DENNISON CORPORATION, Huntsman Corporation, Scott Bader Co., PPG Industries, Ashland Global Holdings Inc., Illinois Tool Works, Parker Hannifin, BASF, deVan Sealants, Inc., Astro Chemical Company, Inc., Master Bond Inc., and others are the prominent players in the market with a noteworthy presence. 
• Sealants-based butyl tape demand is rising to prevent fluid migration in various industries. Demand for adhesives-based tapes for single & double side applications is increasing. It leads to drive the demand for packaging adhesives and sealants in the US during the forecast period. 
• The demand for water-based adhesives and sealants with negligible VOCs is rising in the market. Increasing environmental concerns and government regulations in the US, it leads to driving the demand for packaging adhesives and sealants in the US during the forecast period.