The global cohesive packaging market showed promising growth in 2022, with sales reaching approximately US$ 1.5 billion. Future Market Insights (FMI) projects a strong upward trajectory for the market, anticipating a Compound Annual Growth Rate (CAGR) of 6.6% between 2022 and 2032. This growth is expected to drive the cohesive packaging market to a valuation of US$ 2.8 billion by 2032.
FMI’s analysis highlights paper cohesive packaging as the leading choice among materials, with an estimated market share of nearly 58.6% by 2032. In the paper & paperboard segment of the cohesive packaging market, revenues experienced robust growth at 4.7% year-over-year in 2021. Plastic cohesive packaging also saw demand rise, with a 3.1% increase in sales between 2020 and 2021.
In the United States, the cohesive packaging market performed well in 2021, registering a year-on-year growth of 3.6% and achieving total sales of US$ 322 million, further underscoring the market’s significance and potential for expansion.
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Key Takeaways from Global Cohesive Packaging Market
- Paper and paperboard based cohesive packaging is expected to accounted for 2/3rd of sales during the assessment period 2022-2032.
- Based on packaging format, envelops are the most preferred, estimated to create an incremental opportunity of US$ 777 Mn in 2032.
- In terms of end-use, the institutes or commercial channels is expected to increase at high pace, during the forecast period.
- Europe is estimated to remain mature market with 28% market share in the global cohesive packaging market.
- North America, South Asia, and East Asia are expected to create growth opportunities for the manufacturers in coming decade.
“Cohesive packaging is expected to set a next normal benchmark in the packaging industry. Leading market players are focusing their efforts on increasing their worldwide reach. To gain a competitive advantage in the market, they are pursuing acquisitions, partnerships, and corporate expansion initiatives.” – comments FMI analyst
Global Cohesive Packaging Market Landscape
Smurfit Kappa Group, DS Smith Plc, WestRock Company, Mondi Group Plc, Cenveo Worldwide Limited, Neenah, Inc., Bong Group, Papier-Mettler KG, Capital Envelopes LLC, POLYPAK PACKAGING, United Envelope, French Paper Company, Quality Park Products, The Encore Group, and Mayer-Kuvert-network GmbH.
Global Cohesive Packaging Market Report
Future Market Insights, in its new report, offers an unbiased analysis of the global market for Cohesive Packaging market by material type (paper & paperboard, plastic, and foam), by packaging format (envelopes, mailing bags, wraps, and others), by end use (institutional/commercial and household), across seven regions.
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About the Packaging Division at Future Market Insights
The packaging division at Future Market Insights provides an in-depth historical analysis and projections for the next ten years and covers the competitive landscape through a unique dashboard view. Ranging from packaging materials, packaging machinery to packaging designs & formats, Future Market Insights has an exhaustive database for these industry verticals, serving clients with unique research offerings and strategic recommendations. With a repository of 1,000+ reports, the team has analysed the packaging industry comprehensively in 50+ countries. The team evaluates every node of the value chain and provides end-to-end research and consulting services; reach out to explore how we can help.
Competitive Landscape
Due to the existence of various companies in the industry operating in both local and international markets, the cohesive packaging is extremely competitive. As per FMI, key manufacturers are focusing on mergers, acquisitions, and strategic alliances to expand their product range.
For instance,
- Nov 2020 – Pregis LLC, acquired a privately owned company, Technical Machinery Solutions (TMS), Illinois which deals in remanufacturing of used machinery and has successfully created a solution for the production of single-stream mailer used in cohesive packaging from.
- Jun 2020 – American Packaging Corporation has introduced an all-PE, high-barrier, revolutionary cold seal flow wrap package that is ideal for front-of-store recycling.
- May 2019 – Automated Packaging Syatems, Inc (APS), a renowned manufacturer of highly-reliable, automated bagging systems, has been acquired by Sealed Air Corporation (SEE). The acquisition of APS is in line with SEE’s ambition of tripling its rate of innovation over the next five years.
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Global Cohesive Packaging Market by Category
By Material Type:
- Paper & Paperboard
- Plastic
- Foam
By Packaging Format:
- Envelopes
- Mailing Bags
- Wraps
- Others
By End Use:
- Institutional/Commercial
- Household
By Region:
- North America
- Latin America
- Europe
- South Asia
- East Asia
- Middle East & Africa
- Oceania
Author
Ismail Sutaria (Lead Consultant, Packaging and Materials) has over 8 years of experience in market research and consulting in the packaging & materials industry. Ismail’s strength lies in identifying key challenges faced by the client and offering logical and actionable insights to equip the clients with strategic decision-making power.
Ismail has been an instrumental part of several transformational consulting assignments. His key skills include competitive benchmarking, opportunity assessment, macroeconomic analysis, and business transformation advisory. Ismail is an MBA holder in Marketing and has a Bachelor’s Degree in Mathematics.
Ismail is a regular at industry conferences and expos and has been widely covered in electronic and print media. He is a Speaker at our upcoming Talk show – Rise of the Intelligent Packaging. Ismail has been quoted in leading publications, including the European Pharmaceutical Review and the European Adhesive Tape Association.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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