The new report by Expert Market Research titled, ‘Global Laminating Adhesives Market Price, Report and Forecast 2023-2028’, gives an in-depth analysis of the global laminating adhesives market, assessing the laminating adhesives market based on its segments like types, applications, and major regions.
The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analyzing the market based on the SWOT and Porter’s Five Forces models.
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The key highlights of the report include:
Market Overview (2018-2028)
- Forecast CAGR (2023-2028): 10%
The global market for laminating adhesives is being driven by rising applications in flexible packaging solutions. The rising use of laminating adhesives is due to the increasing concern about waste generation and emissions. The water-based variants of laminating adhesives are also being used for high-performance laminations and one-part systems for applications related to outdoor in the automotive sector, hence providing impetus to the market.
Moreover, factors such as rising disposable income, growing middle-class population, and changing lifestyles have collectively propelled the demand for healthy packaging solutions in the food and beverage sector, which is boosting the growth of the market.
Industry Definition and Segmentation
Laminating adhesives are adhesives deployed in the development of films with superior properties. They have high peel strength, excellent durability, and stability, as well as high-tunnelling resistance, due to which they are widely utilised in flexible packaging applications. Laminating adhesives find extensive applications in the manufacturing of industrial fabrics and cable wraps, among others.
On the basis of type, the market can be divided into:
Based on application, the market can be segmented into:
- Food Packaging
- Medical Packaging
The regional markets for laminating adhesives include:
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
The growing applications of laminated food adhesives in packaging applications catering to the healthcare sector are boosting the market growth. This trend is being supported by the rising consumer awareness pertaining to the health benefits of healthy packaging.
This rising demand for packaged goods has led numerous food and beverage MNCs to set up their manufacturing facilities in multiple locations, which has resulted in an increasing demand for packaging, hence positively influencing the demand for laminating adhesives. The increasing development of production facilities and capacities in the consumer goods, medical, and automotive sectors is another factor expected to push the growth of the market.
Key Market Players
The major players in the market are Henkel AG & Co. KGaA, 3M Company, Evonik Industries AG, DIC India Limited, and DuPont de Nemours, Inc., among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.