The global pressure sensitive adhesives (PSA) market was valued at USD 12.74 billion in 2023 and is projected to reach USD 16.71 billion by 2030, growing at a CAGR of 4.0% from 2024 to 2030. This growth is primarily fueled by the rising consumption of pressure-sensitive tapes and labels, particularly within the packaging industry.

PSAs are widely preferred due to their ease of use and ability to address adhesion challenges across various packaging technologies and coatings. As packaging needs continue to become more sophisticated—especially in the food and beverage sector, driven by product variety and heightened competition—the demand for PSAs is expected to rise further, as they offer the flexibility required to meet diverse application demands. Beyond packaging, PSAs are also extensively used in the automotive industry for safety labels, warning labels, and component identification throughout the supply chain.

In an average vehicle, approximately 1 square meter of labels is used, of which only 10%–15% are visible to car owners, such as tire pressure and warning labels. The remaining labels are applied to internal automotive components, providing product details, part numbers, and specifications essential during assembly.

Another significant market driver is the growing demand for convenience packaging, particularly in food and beverage applications. PSAs are crucial in this segment as they offer secure sealing solutions that help maintain product freshness and prevent contamination.

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Key Market Trends & Insights

• Asia Pacific dominated the global PSA market in 2023.
• By product, tapes led the market in 2023.
• By technology, the water-borne segment held the largest share in 2023.
• By adhesive chemistry, acrylic was the leading segment in 2023.
• By end use, packaging remained the dominant application in 2023.

Market Size & Forecast

• 2023 Market Size: USD 12.74 Billion
• 2030 Projected Market Size: USD 16.71 Billion
• CAGR (2024–2030): 4.0%
• Largest Market in 2023: Asia Pacific

Key Pressure Sensitive Adhesives Company Insights

The competitive landscape of the PSA industry features several major players such as Henkel Corporation, Bostik, Momentive Performance Materials, and others. To broaden their customer reach and strengthen market presence, companies are actively pursuing strategic initiatives like mergers, acquisitions, and collaborations.

• Bostik, a subsidiary of Arkema, provides a diverse portfolio of hot melt, waterborne, UV, and specialty acrylic PSAs for applications including tapes, labels, and specialty films. The company also offers eco-friendly PSA solutions, catering to the growing demand for sustainable products.

Key Pressure Sensitive Adhesives Companies

• Henkel Corporation
• Bostik
• Momentive Performance Materials
• 3M
• Avery Dennison Corp.
• AdCal Inc
• tesa Tapes
• Nitto Denko Corporation
• Ashland
• H.B. Fuller Company
• Arkema
• Dow
• Eastman Chemical Company
• Sika AG

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Conclusion

The pressure sensitive adhesives market is set for steady growth through 2030, supported by rising demand for tapes and labels in the packaging sector and expanding applications in industries such as automotive and electronics. PSAs continue to gain traction due to their ease of application, versatility, and ability to meet increasingly complex packaging requirements—especially in the food and beverage segment. The market is further strengthened by advancements in adhesive technologies, the development of eco-friendly formulations, and strategic initiatives taken by major industry players. With Asia Pacific leading global demand and continuous innovation shaping product capabilities, the PSA market is well-positioned for sustained expansion over the forecast period.