Lamination adhesives are used to bond flexible packaging components such as aluminum foil, paper, plastic films and others. These adhesives impart properties such as high bond strength, resistance to heat, moisture, solvents and aging. The growing demand for packaged food and beverages has catalyzed the need for lamination adhesives which provide protective packaging and increase shelf life. The global Lamination Adhesives For Flexible Packaging Market is estimated to be valued at US$ 2.5 Bn in 2023 and is expected to exhibit a CAGR of 12% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market Opportunity:
The growing demand for convenient, single serve and on-the-go packaging options represents a key opportunity for the lamination adhesives market over the forecast period. Packaged food and beverages for immediate consumption are seeing increased popularity. This has augmented the need for laminated packaging films and pouches which can be easily opened and quickly disposed. Single serve laminated packets for snacks, confectionery items and beverages offer convenience to busy consumers. They also help reduce food wastage as each packet can be completely consumed. The rise of convenience oriented lifestyles particularly in developing regions will drive the preference for convenient flexible packaging over the coming years, presenting lucrative opportunities for manufacturers of lamination adhesives.
Porter’s Analysis
Threat of new entrants: The lamination adhesives for flexible packaging market requires significant R&D investments and capital expenditures to develop new adhesives technologies. This poses barriers for new companies.
Bargaining power of buyers: Buyers have moderate bargaining power due to the availability of substitute products. However, customers prefer established adhesive brands for quality and reliability.
Bargaining power of suppliers: A few major players dominate the raw material supply market. This gives them significant power over adhesive formulators. Suppliers can influence prices.
Threat of new substitutes: New adhesive technologies with better performance characteristics pose a threat. However, product differentiation limits impact in the short term.
Competitive rivalry: The market is consolidated with top players differentiating through technology and customer service. Competition is based on price, quality, and delivery times.
SWOT Analysis
Strength: Adhesives provide packaging solutions, sealintegrity, and enable high-speed packaging lines. Product development focuses on sustainability and newapplications.
Weakness: raw material price volatility impacts costs.Regulatory compliance adds to expenses.
Opportunity: growing demand for flexible packaging fromfood, pharmaceuticals boosts market scope. Bio-based andrecyclable adhesive use presents opportunities.
Threats: stricter environmental laws discourage solvent-basedadhesives. Economic slowdowns lower packaging consumption.
Key Takeaways
The global Lamination Adhesives For Flexible Packaging Market Growth is expected to witness high growth on account of rising food and pharmaceutical packaging demand.
Regional analysis: Asia Pacific region is growing at the fastest pace owing to rising disposable incomes, growing population, and increasing health awareness. China accounts for over 30% of Asia Pacific laminating adhesives demand driven by its massive manufacturing base serving domestic and export markets.
Key players operating in the lamination adhesives for flexible packaging market include Pfizer, Inc., Bristol Myers Squibb, Sanofi S.A., F. Hoffmann-La Roche AG, Bayer AG, Novartis International AG, Merck & Co., Inc., AbbVie, GlaxoSmithKline plc, Eli Lilly and Company, Zydus Cadila, Aurobindo Pharma Ltd., Cipla Ltd., Dr. Reddy's Laboratories Ltd., Lupin Ltd., Sun Pharmaceutical Industries Limited, Serum Institute of India Pvt. Ltd., Biocon Limited, Strides Pharma Science Limited, and Unichem Laboratories.
Lamination Adhesives are a range of coatable adhesives used in the manufacture of laminated plastic cards.
In the report, it mainly contains solvent-based, solvent-free and water-based types.At present, there are many manufacturers in every region and the major manufacturers?
activities of lamination adhesives are Henkel, Bostik, H.B.
Fuller, Ashland, Dow and 3M, etc, with about 36% market shares.Lamination adhesive for flexible packaging downstream is wide, and the major fields are flexible packaging, medical packaging, industrial packaging and others.Download FREE Sample of this Report @ https://www.grandresearchstore.com/report-sample/global-lamination-adhesives-for-flexible-packaging-2021-2027-38 Lamination adhesive for flexible packaging has three types, which include water based lamination adhesives, solvent based lamination adhesives and solvent-free lamination adhesives.
Market Analysis and Insights: Global Lamination Adhesives for Flexible Packaging MarketIn 2020, the global Lamination Adhesives for Flexible Packaging market size was US$ 3499 million and it is expected to reach US$ 4676.8 million by the end of 2027, with a CAGR of 4.4% during 2021-2027.Global Lamination Adhesives for Flexible Packaging Scope and Market SizeLamination Adhesives for Flexible Packaging market is segmented by region, by country, company, type, application and by sales channels.
The segmental analysis focuses on sales, revenue and forecast by region, by country, company, type, application and by sales channels for the period 2016-2027.
Flexible Packaging Adhesives market is segmented by region (country), players, by Type, and by Application.
Players, stakeholders, and other participants in the global Flexible Packaging Adhesives market will be able to gain the upper hand as they use the report as a powerful resource.
The segmental analysis focuses on revenue and forecast by region (country), by Type and by Application in terms of revenue and forecast for the period 2015-2026.Segment by Type, the Flexible Packaging Adhesives market is segmented into:Water-BasedSolvent BasedHot MeltReactiveOtherDownload FREE Sample of this Report @ https://www.24chemicalresearch.com/download-sample/61323/global-united-states-flexible-packaging-adhesives-2026-359Segment by Application, the Flexible Packaging Adhesives market is segmented into:Food PackagingMedical PackagingCosmetics (Personal Care)OtherRegional and Country-level Analysis:The Flexible Packaging Adhesives market is analysed and market size information is provided by regions (countries).The key regions covered in the Flexible Packaging Adhesives market report are North America, Europe, Asia Pacific, Latin America, Middle East and Africa.
It also covers key regions (countries), viz, U.S., Canada, Germany, France, U.K., Italy, Russia, China, Japan, South Korea, India, Australia, Taiwan, Indonesia, Thailand, Malaysia, Philippines, Vietnam, Mexico, Brazil, Turkey, Saudi Arabia, U.A.E, etc.The report includes country-wise and region-wise market size for the period 2015-2026.
It also includes market size and forecast by Type, and by Application segment in terms of sales and revenue for the period 2015-2026.Competitive Landscape and Flexible Packaging Adhesives Market Share Analysis:Flexible Packaging Adhesives market competitive landscape provides details and data information by players.
The report offers comprehensive analysis and accurate statistics on revenue by the player for the period 2015-2020.
