The global pressure sensitive adhesives (PSAs) market is expected to experience a compound annual growth rate (CAGR) of 5.2% from 2022 to 2031, according to a new report from Transparency Market Research. The report projects that the market will reach a total sales revenue of $13.8 billion by the end of the forecast period.

One of the primary drivers of this growth is the increasing demand for PSAs in the flexible packaging sector. As consumers continue to prioritize convenience and sustainability, the use of PSAs in food and beverage packaging is becoming more common. These adhesives play a crucial role in ensuring secure closures and are expected to see a significant uptick in demand.