Consumer Goods Adhesives Market was valued at USD 18.5 Billion in 2022 and is projected to reach USD 27.4 Billion by 2030, growing at a CAGR of 5.1% from 2024 to 2030.
The consumer goods adhesives market is experiencing significant growth, driven by technological advancements, evolving consumer preferences, and increasing applications across various industries. This article delves into the current state of the market, emerging trends, challenges, and future prospects.
The global consumer goods adhesives market was valued at approximately USD 71.42 billion in 2023 and is projected to reach USD 107.27 billion by 2030, growing at a compound annual growth rate (CAGR) of 6.01% during the forecast period. This growth is attributed to the rising demand for strong and reliable bonding solutions in consumer products, including packaging, footwear, textiles, furniture, and DIY items.
Technological Advancements: Continuous innovation has led to the development of adhesives with enhanced bonding strength, flexibility, and resistance to heat and moisture, catering to diverse consumer needs.
Sustainability Trends: There is a growing consumer preference for eco-friendly products, prompting manufacturers to develop bio-based adhesives derived from sustainable sources like vegetable oils and corn starch. Additionally, adhesives with low volatile organic compound (VOC) emissions are gaining popularity due to their reduced environmental impact.
Growth in E-commerce: The expansion of online retail has increased the demand for secure and efficient packaging solutions, driving the need for advanced adhesive products.
The Asia-Pacific region, particularly India, is emerging as a significant market for consumer goods adhesives. India's adhesives market was valued at USD 2.91 billion in FY2023 and is expected to reach USD 5.91 billion by FY2031, growing at a CAGR of 9.26%. This growth is fueled by rapid urbanization, infrastructure development, and a burgeoning middle class leading to increased demand for consumer goods.
Despite the positive outlook, the market faces several challenges:
Raw Material Price Volatility: Fluctuations in the prices of raw materials can impact manufacturing costs and profit margins.
Regulatory Compliance: Adhering to stringent environmental regulations requires continuous investment in research and development to formulate compliant products.
Intense Competition: The presence of numerous players in the market necessitates constant innovation and differentiation to maintain a competitive edge.
The consumer goods adhesives market is poised for sustained growth, driven by:
Increased Adoption of Bio-based Adhesives: Aligning with global sustainability goals, the shift towards bio-based adhesives is expected to gain momentum.
Advancements in Application Technologies: Innovations such as linerless labels and improved dispensing systems are enhancing user experience and operational efficiency.
Expansion in Emerging Markets: Regions like India are becoming focal points for major consumer goods companies, offering vast opportunities for market expansion.
In conclusion, the consumer goods adhesives market is undergoing transformative changes, influenced by technological innovations, sustainability initiatives, and evolving consumer behaviors. Stakeholders must navigate challenges strategically to capitalize on the burgeoning opportunities in this dynamic landscape.
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Henkel
Bostik
Permabond
HB Fuller
Dow
Lohmann
3M
Glue Dots International
Beardow Adams
Jowat Adhesives
STOCKMEIER Urethanes
SAPICI
Morchem
Ashland
COIM Group
DIC Corporation
Momentive Performance Materials
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Consumer Goods Adhesives Market
Daily Necessities
Furniture
Home Appliances
Others
Based on Types the Market is categorized into Below types that held the largest Consumer Goods Adhesives market share In 2023.
One-component Adhesive
Two-component Adhesive
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Consumer Goods Adhesives Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Consumer Goods Adhesives Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Consumer Goods Adhesives Market, By Type
6. Global Consumer Goods Adhesives Market, By Application
7. Global Consumer Goods Adhesives Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Consumer Goods Adhesives Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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