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| lamination adhesives for flexible packaging market |
The lamination adhesives for flexible packaging market is widely used for sealing and bonding flexible packaging substrates together. Flexible packaging adhesives are primarily employed in food packaging applications to seal packages of snacks, confectionery products, breakfast cereals, pet food, and other convenience foods. The adoption of flexible packaging solutions is rapidly growing as they provide extended shelf-life, are lightweight and cost-effective compared to rigid packaging formats. Lamination adhesives ensure durable adhesion of lamination films and paper or polymer substrates, protecting products from moisture, oxygen, and other external elements.
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.
Growing consumption of packaged food and increasing
demand for consumer-friendly packages that allow portion-control and
resealability is fueling the use of flexible packaging worldwide. Lamination
adhesives play a crucial role in manufacturing flexible packages with
sufficient barrier properties.
Key Takeaways
Key players operating in the Lamination Adhesives For Flexible Packaging 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. The major players are investing in R&D to develop eco-friendly and
bio-based adhesives to expand their product portfolios.
The market provides significant opportunities for manufacturers to develop
applications for growing end-use industries like food & beverages,
pharmaceutical, and personal care. Ongoing technological advancements in
lamination materials and processes will further accelerate the demand.
Asia Pacific represents the fastest-growing regional market for lamination
adhesives due to rapid expansion of flexible packaging sector in China, India,
Indonesia, and other developing Asian countries. Key players are strengthening
their distribution networks across Asia Pacific and Latin America to tap the
rising demand from emerging markets.
Market Drivers
One of the major driver for this market is growing consumption of packaged food
and beverages globally. Changing lifestyle and rising disposable income in
developing nations are fueling the demand for packaged food products.
Lamination adhesives ensure durability and longer shelf-life of flexible
packages containing food and beverages.
Market Restrains
Stringent regulations regarding the use of petroleum-based adhesives poses a
major challenge for market growth. Several countries have banned certain
chemical adhesives due to environmental concerns. High volatility in raw
material prices can increase the overall production cost of lamination
adhesives.
Segment Analysis
The lamination adhesives for flexible packaging market is dominated by
water-based laminating adhesives segment. Water-based adhesives are environment
friendly as they contain low or no volatile organic compounds. They have
excellent adhesion to various materials such as films, foil, paper and provide
strong bond. Hence water-based laminating adhesives are widely used for food
packaging, medicine packaging and industrial applications. Solvent-based
adhesives segment holds second largest share as they offer high bond strength
however strict regulations over solvent emissions is limiting their usage. Hot
melt adhesives segment is growing rapidly as they are solvent-free, have high
speed production and allow automated dispensing.
Global Analysis
Asia Pacific dominates the global lamination adhesives for flexible packaging
market and growth is expected to remain highest in the region during the
forecast period. Rapid industrialization and infrastructural growth is fueling
the demand for laminating adhesives from food and pharmaceutical industries in
countries such as China and India. North America holds second position in terms
of market share led by packaging industry growth in the US. Major players are
expanding their operations through strategic partnerships in developing nations
to tap demand from emerging economies. Europe accounts for significant share
attributable to stringent safety and environmental regulations for food-contact
adhesives.
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Adhesives For Flexible Packaging Market