A report on the opportunities and challenges for the packaging adhesives industry forecasts steady growth. The industry is expected to grow to a market size of $18.6 billion by 2028 from $15.3 billion in 2022, at a compound annual growth rate (CAGR) of 3.2%. The research categorized the packaging adhesives market based on resin type, technology, application, and region, highlighting the areas in each category with the greatest opportunity for growth over the forecasted period.
Polyvinyl acetate (PVA) is expected to hold the largest share for resin-type packaging adhesives. PVA is a synthetic polymer with superior adhesive capabilities. Packaging adhesives made from PVA are frequently used because of their adaptability, non-toxicity, quick drying time, high level of adhesion, and ease of use.