March 1, 2024
Polymer Emulsion Market

Sustainable Packaging Drives Growth In The Global Polymer Emulsion Market

Polymer emulsions are extensively used in the manufacturing of packaging materials due to their properties such as water resistance, durability, flexibility and chemical stability. Polymer emulsions find wide application in packaging paints, adhesives, paper coating and others. With the growing focus on sustainable packaging around the world, polymer emulsions are increasingly being adopted as an alternative to conventional plastics. Stringent regulations regarding the use of plastics in packaging are further propelling the demand for polymer emulsions in packaging applications.

The global polymer emulsions market represents a diverse range of products including acrylics, vinyl acetate polymer, SB latex and polyurethane which are used as binders, coatings and adhesives in various end-use industries. Polymer emulsions provide excellent adhesion to different substrates along with glossy finish and durability. They extend the shelf life of products and protect contents from moisture, oxygen and other environmental elements. The growing packaging industry relies heavily upon polymer emulsions for manufacturing flexible paper-based packaging, carton sealing tapes and labels.

The global Polymer Emulsion Market is estimated to be valued at US$33.18 Bn in 2023 and is expected to exhibit a CAGR of 16% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market key trends

Sustainable and bio-based polymer emulsions are emerging as one of the key trends in the global polymer emulsions market. Growing environmental regulations have increased the demand for bio-based and recyclable materials from the packaging industry. Major polymer emulsion manufacturers are focusing on developing bio-attributed product portfolios using renewable raw materials such as soy, coconut and sugarcane to reduce dependence on petrochemical feedstock. They are also incorporating recycled resins into new polymer emulsions to manufacture packaging with improved recyclability. Such initiatives will help drive the uptake of polymer emulsions in packaging and subsequent growth of the overall market over the forecast period.

Porter’s Analysis

Threat of new entrants: The threat of new entrants in the Polymer Emulsion market is moderate as substantial capital investment is required to set up the manufacturing facilities and branding is crucial.

Bargaining power of buyers: Buyers have moderate bargaining power due to availability of multiple options. Switching costs for buyers are low.

Bargaining power of suppliers: Suppliers have moderate to high bargaining power as raw materials require specialized production processes and differentiation across suppliers is limited.

Threat of new substitutes: Threat of new substitutes is low as polymer emulsion products have few viable alternatives due to their functional benefits.

Competitive rivalry: Competition in the market is high among the key players.

Key Takeaways

The globalPolymer Emulsion Market Size is expected to witness high growth. The global Polymer Emulsion Market is estimated to be valued at US$33.18 Bn in 2023 and is expected to exhibit a CAGR of 16% over the forecast period 2023 to 2030.

Regional analysis Regional analysis shows that Asia Pacific region dominates the global polymer emulsion market and is expected to maintain its dominance over the forecast period driven by growing construction and transportation industries in China and India.

Key players operating in the polymer emulsion market includes VIVUS Inc., Pfizer Inc., Novo Nordisk, Bayer AG, F Hoffmann-La Roche, Glaxosmithkline, Arena Pharmaceuticals, Eisai Co. Ltd., Takeda Pharmaceutical Company, and Nalpropion Pharmaceuticals Inc., among others. Key players focus on product innovation and expansion to various applications to strengthen their market position.

*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it