Lamination adhesives are used to bond two or more components of a flexible package together, serving benefits such as extending product shelf life, ensuring safety and quality preservation, and enabling multifunctional package designs.
Market key trends:
Emerging applications across various end-use industries have accelerated the demand for lamination adhesives in flexible packaging market over the recent past. Food & beverage industry has witnessed significant growth in demand for flexible laminated packages for snacks, frozen food, ready-to-eat meals etc. driven by changing consumer lifestyles. Lamination adhesives play a vital role in offering barrier protection, extended shelf-life and microwave compatibility to packaging formats used in food industry. Growing cosmetics industry especially in Asia Pacific region has also contributed to market growth, with lamination adhesives enabling innovative designs and ensuring product protection in flexible pouches, tubes and wraps.
Segment Analysis
The global lamination adhesives for flexible packaging market can be segmented based on product into water-based, solvent-based and solvent-less. The solvent-less segment dominates the market as solvent-less adhesives are most eco-friendly and emit very low or no volatile organic compounds during curing. They are 100% solid adhesives and do not contain any solvents. Hence, they are preferred for food grade packaging applications.
Key Takeaways
The Global Lamination Adhesives For Flexible Packaging Market Size is expected to witness high growth. The market size for 2024 is US$ 2.88 Bn and is projected to reach US$ 6.24 Bn by 2031, registering a CAGR of 12% during the forecast period.
Regional analysis: North America leads the global market due to recent technological advancements in lamination adhesives and high demand from food and beverage industry in the region. However, Asia Pacific is likely to witness the highest growth rate during the forecast period owing increasing flexible packaging applications across various end-use industries in emerging economies such as India and China.
Key players: Key players operating in the lamination adhesives for flexible packaging market are Leica Biosystems Nussloch GmbH, Olympus Corporation, F. Hoffmann-La Roche Ltd., Merck KGaA, GE Healthcare, Mikroscan Technologies, Inc., Koninklijke Philips N.V., Sectra AB, Propath UK Limited, Inspirata, Inc., Hamamatsu Photonics, Inc., OracleBio Limited, MD Biosciences, Aiforia, Xybion Digital Inc., Nucleai, Inc. F. Hoffmann-La Roche Ltd. and Leica Biosystems Nussloch GmbH are the leading players owing to their diverse product offerings.
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