The flexible lamination adhesives market plays a crucial role in the production of flexible packaging laminates. Flexible lamination adhesives are used to bind layers of paper, plastic, foil or other materials to create flexible packaging laminates. These adhesives provide strength and durability to packaging while also acting as a barrier between the product and external environment. Flexible packaging laminates bonded using lamination adhesives are widely used across food & beverages, healthcare and personal care industries for packaging products like snacks, beverages, pharmaceuticals and cosmetics.
The Global Lamination Adhesives For Flexible Packaging Market is estimated to be valued at US$ 2.88 Bn in 2024 and is expected to exhibit a CAGR of 12.% over the forecast period 2024 to 2031.
Key Takeaways
- Key players operating in the flexible lamination adhesives market are Leica Biosystems Nussloch GmbH, Olympus Corporation, F. Hoffmann-La Roche Ltd. These players are focusing on developing sustainable bio-based and eco-friendly adhesives to cater to the growing demand for sustainable flexible packaging.
- Rising consumption of processed and packaged food & beverages across countries is a key factor driving demand for flexible packaging laminates. Flexible packaging is preferred for its light weight and convenience compared to rigid packaging. This has boosted consumption of lamination adhesives.
- Technological advancements are leading to the development of new multi-layer lamination adhesives with superior bonding strength and durability. These adhesives can withstand sterilization techniques commonly used in healthcare and pharmaceutical industries.
Market Trends
- Water-based adhesives are gaining popularity compared to solvent-based adhesives due to stringent environmental regulations regarding VOC emissions. They cure at ambient temperature without generating harmful emissions.
- Sustainable bio-based adhesives obtained from renewable plant sources like starch, cellulose, lignin and proteins are emerging as an alternative to PET/PE based adhesives. They have superior compatibility with recyclable packaging materials.
Market Opportunities
- Growing demand for convenient on-the-go snacks and foods is boosting usage of stand-up pouches and other flexible packaging formats. This offers opportunities for flexible lamination adhesives manufacturers.
- E-commerce has led to higher demand for secure flexible packaging of fragile items. Developing tamper-proof and impact-resistant lamination adhesives can unlock new opportunities.
Impact of COVID-19 on Lamination Adhesives For Flexible Packaging Market
The COVID-19 pandemic has significantly impacted the global lamination adhesives for flexible packaging market. During the initial lockdown phases, there was a steep decline in demand as manufacturing plants and factories shut down operations. Supply chains were disrupted globally affecting the availability of raw materials. However, with the easing of restrictions, demand started recovering from Q3 2020 as flexible packaging finds widespread use in food services and consumer goods packaging. The pandemic boosted e-commerce and online shopping which further increased the need for flexible packaging. Food companies focused on packaging innovations for smaller SKUs and individual portions to encourage social distancing and safety. Alternative substrates like paper emerged as a sustainable option during the pandemic further propelling the usage of lamination adhesives. Going forward, market players need to strengthen supply networks, bolster production capabilities and focus on developing eco-friendly products to cater to the rising demand from consumers for sustainable packaging solutions in the post-COVID world.
Europe Lamination Adhesives For Flexible Packaging Market
Europe represents one of the major geographical regions where the lamination adhesives for flexible packaging market is concentrated in terms value. The region accounts for over 30% share of the global market value owing to several factors such as stringent regulatory framework regarding product safety and environmental standards, high disposable incomes, presence of leading flexible packaging converters and brand owners. Countries like Germany, UK, Italy, France contribute significantly to the European market. Sustainable and biodegradable products find high acceptance amongst European consumers propelling R&D towards bio-based adhesive technologies. The market is expected to grow at a steady CAGR through the forecast years on account growing demand for flexible packaging from food and consumer goods sectors in the region.
Asia Pacific - Fastest Growing Region For Lamination Adhesives For Flexible Packaging Market
Asia Pacific region is poised to be the fastest growing geographical region for the global lamination adhesives for flexible packaging market during the forecast period. This can be primarily attributed to the massive manufacturing capabilities of FMCG products and high exports from countries like China, India, Japan, and South Korea. Southeast Asian countries like Vietnam, Indonesia and Thailand are also emerging as major hubs for flexible packaging production. Rapid urbanization, growing middle-class population and changes in lifestyle and consumption patterns are propelling the flexible packaging consumption in Asia. Moreover, foreign direct investments in the ASEAN packaging industry along with supportive government policies will further augment the APAC lamination adhesives market penetration through 2031.
Get More Insights On This Topic: Lamination Adhesives For Flexible Packaging Market
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.
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