The "Pressure Sensitive Adhesives (PSA) Market - Growth, Trends, and Forecast (2020 - 2025)" report has been added to ResearchAndMarkets.com's offering.
The pressure-sensitive adhesives market is expected to register a CAGR of over 6% during the forecast period (2020-2025).
Arkema Group (Bostik SA)
Avery Dennison Corp.
H.B. Fuller Co.
Henkel AG & Co. KGaA
Illinois Tool Works Inc.
Pidilite Industries Ltd
Tesa SE (A Beiersdorf Company)
Wacker Chemie AG
Key Market Trends
Packaging Industry to Dominate the Market
Adhesives play a crucial role in ensuring that the product packaging remains intact until it reaches the consumer.
As there is an increase, in terms of several new products and product proliferation, packaging operations require a reliable adhesive, to meet the increasingly complex packaging demands.
Pressure-sensitive adhesives (PSAs) specifically offer several advantages for the packaging industry.
Quick reworks: Reworking, or repackaging, increases costs. PSAs offer a timely way to make products compliant and shelf-ready. Pressure-sensitive adhesives are safer than glue sticks and more discrete than traditional tape. Unlike glue sticks, pressure-sensitive adhesives do not require heat during application. The absence of heat eliminates burns and increases safety among plant workers. Additionally, PSAs are less intrusive on packaging graphics, providing the required adhesion without sacrificing the brand image. Pressure-sensitive adhesives are less visible packaging solutions, which preserve the brand and maximize the impact.
Instant bond: Application of pressure-sensitive adhesives is time-saving, as there is no need to wait until they cure. The moment they are applied, they compress the substrate, right at the moment when adhesion takes place. Instant bonding increases the processing speed, as well as improves production.
Maintaining brand image: Brand image relies heavily on the appearance of the packaging. PSAs provide a bond that removes cleanly without damaging the packaging or leaving behind residue. Preserving brand image adds to your consumer appeal.
Asia-Pacific Region is Expected to Dominate the Market
With over 40% of the global demand, Asia-Pacific is the most promising market for pressure-sensitive adhesives, which is likely to dominate the market in the near future. This domination can be attributed to the growing demand for tapes and labels in the region.
China, India, Japan, and South Korea account for over 80% of the demand for pressure-sensitive adhesives.
China is one of the major exporters of adhesive products (tapes, labels, etc.) and the factors concerning the majority of its customers are quality of the product, product range offered by the vendor, and reducing the dosage and wastage of adhesives. Owing to this reason, international players currently dominate the Chinese market for pressure-sensitive adhesives. The same factor encourages local producers to invest in R&D to acquire a major share of the national market.
The pressure-sensitive adhesives market in India is expected to grow at a higher rate and its usage has increased with the transparent and filmic labels, shrink-wrap labels for fast-moving consumer goods (FMCG) manufacturers, and flexible labels and multicolor wrap-around labels. The pressure-sensitive adhesives market is still in its early growth stage and it has a higher scope of growth in the coming future.
The large market size, coupled with the huge growth of Asia-Pacific, is quite instrumental in the expansion of the pressure-sensitive adhesives market.
Key Topics Covered:
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1.1 Increasing Development of Low-cost Flexible Packaging
4.1.2 Other Drivers
4.2.1 Stringent Environmental Regulations Regarding VOC Emissions
4.2.2 Other Restraints
4.3 Industry Value-Chain Analysis
4.4 Porter's Five Forces Analysis
5 MARKET SEGMENTATION
5.1.3 Hot Melt
5.2.4 Other Resins
5.3.4 Other Applications
5.4 End-user Industry
5.4.2 Woodworking and Joinery
5.4.4 Commercial Graphics
5.4.7 Other End-user Industries
5.5.2 North America
5.5.4 South America
5.5.5 Middle-East and Africa
6 COMPETITIVE LANDSCAPE
6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
6.2 Market Share Analysis**
6.3 Strategies Adopted by Leading Players
6.4 Company Profiles
7 MARKET OPPORTUNITIES AND FUTURE TRENDS
7.1 Adoption of Bio-based Pressure Sensitive Adhesives
7.2 Other Opportunities
For more information about this report visit https://www.researchandmarkets.com/r/976ey9
View source version on businesswire.com: https://www.businesswire.com/news/home/20210128005687/en/
Laura Wood, Senior Press Manager
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