Why this is important to Wisconsin businesses: Advances in packaging and demand for energy efficiency are driving the market for novel adhesive solutions.
Adhesives and sealants are a growing market in France as industrial users turn to new products for packaging and construction.
On a global basis, the adhesives and sealants market was valued at $67.5 billion in 2022, and with an anticipated compound annual growth rate of 6%, the market is predicted to reach $114 billion by 2030, according to SkyQuest Technology Consulting.
In France, packaging is the largest sector for adhesive products, including labels, tapes, carton sealing, and laminating. France has the third-largest packaging industry in Europe, according to Mordor Intelligence. Packaging accounted for 0.68% of the country’s gross domestic product.
The growing trend of inexpensive, lightweight packaging in France is expected to drive the demand for flexible and rigid plastic packaging in the near future, Mordor says. France also produces 20% of the wooden packaging in Europe.
Construction adhesives are used widely in France, and that usage also is expected to grow, according to Research and Markets. The European Commission’s €800 billion ($871 billion USD) pandemic recovery program includes funds for its member countries to construct new buildings and renovate older structures to make them more energy efficient.
The automotive and aerospace industries are a growing segment of the adhesives industry. Rising aircraft orders from the U.S. and India will boost aerospace production, Mordor says, while the country’s goal of net-zero vehicle emissions by 2035 will likely drive automobile manufacturing.
Water-based adhesives—seen as environmentally friendly—are gaining ground, according to Research and Markets, because of their lower cost and high bonding strength. They are commonly used in food packaging.
Major companies in France’s adhesives market are 3M, Arkema, H.B. Fuller, Henkel, and Sika.
Wisconsin companies seeking to export products in the adhesives market could find opportunities in a wide range of industries in France.
