Packaging Adhesives Market Poised for Green Innovation and Steady Growth
The market will continue to reward innovation in adhesives for packaging applications.
Adhesives will play a defining role in the future of packaging development, with the post-COVID marketplace providing a spur to sustainable technology, according to a dedicated market study from Smithers. “The Future of Adhesives for Packaging to 2027” tracks how the market changed across 2020-2021 and will continue to reward innovation through 2022-2027.
In 2021, the packaging industry is estimated to have consumed 5.40 million metric tons of adhesives. A forecast CAGR of 3.4% will push global consumption of packaging adhesives to 7.90 million metric tons in 2027.