Laminating Adhesives Market Analysis, Trends, Opportunity, Market Size and Segment Forecasts to 2024

Laminating Adhesives Market 2022

Laminating Adhesives for Flexible Packaging Market Segmented By water based, solvent based, solvent less, and heat/cold seal Product Type in food packaging, medical packaging, industrial packaging

Laminating  adhesives for flexible packaging are expected to account for a market share of US$ 1.3 billion globally in 2016 and US$ 2.2 billion by 2024, growing at a CAGR of 6.4% over the forecast period (2016–2024). Persistence Market Research sheds light on the market expansion of lamination adhesives for flexible packaging and analyses important factors and trends influencing this growth in a new report titled “Lamination Adhesives for Flexible Packaging Market: Global Industry Analysis and Forecast, 2016-2024.”

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One of the cutting-edge adhesive solutions utilised extensively for food packaging is lamination adhesive for flexible packaging. The market for lamination adhesives for flexible packaging is anticipated to expand over the course of the forecast period due to factors including shorter cure times, lower emissions, less waste, and stronger bonds. Additionally, the industry has grown as a result of rising demand for packaged meals in healthcare and personal care products. The market for lamination adhesives for flexible packaging has grown, but this expansion has been constrained by government measures and growing consumer awareness regarding the use of eco-friendly adhesives.

Market consolidation has been observed as a key trend, with leading market players engaging in strategic mergers and acquisitions to enhance their product portfolio and increase global footprint. Another notable trend indicates that solvent fewer lamination adhesives are fast replacing solvent based adhesives owing to their eco-friendly nature.

Key Companies-

• H.B. Fuller
• Henkel AG & Co. KGaA
• The Dow Chemical Company
• 3M
• Flint Group
• Arkema Group
• Ashland Inc.
• COIM Group
• Morchem
• DIC Corporation and more

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The global lamination adhesives for flexible packaging market report is categorically split into three sections – based on product type (further segmented into water based, solvent based, solvent less, and heat/cold seal), end use (further segmented into food packaging, medical packaging, industrial packaging, and other end use), and region.

The solvent based product type emerges as the dominant segment due to its wide application in multiple industries. This segment is estimated to account for 42.8% of the overall lamination adhesives for flexible packaging market revenue by the end of 2016. However, the segment is anticipated to lose substantial market share to the solvent less segment, owing to an increasing preference of eco-friendly adhesives among end users. The solvent less segment is estimated to witness fastest Y-o-Y growth during the forecast period from 6.0% in 2014 to 8.2% in 2024.

The food packaging segment stands out among all segments owing to the rising demand for packaged foods. The medical packaging segment is forecasted to be the fastest growing end-use segment owing to a high consumer spending in the healthcare sector and is estimated to expand at a significant CAGR of 6.9% during the forecast period. Food packaging is the key segment driving demand for lamination adhesives – over 60% of the overall market demand is generated by the food packaging segment.

By region, the market is segmented into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. The market in Asia Pacific is anticipated to register a steady Y-o-Y growth from 7.1% in 2014 to 9.0% in 2024.

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