Lamination Adhesives for Flexible Packaging Market

1
Coherent Market Insights

• Market Research and Business Consulting Services
• https//www.coherentmarketinsights.com/
• COVID-19 Impact Tracker

2
LAMINATION ADHESIVES FOR FLEXIBLE
PACKAGING MARKET ANALYSIS

• Lamination Adhesives for Flexible Packaging
  Market, By Product Type (Water-Based, Hot/Cold
  Seal, Solvent Less, Solvent Based), By End-User
  (Food Packaging, Medical Packaging, Industrial
  Packaging, Others), and By Region (North America,
  Latin America, Europe, Asia Pacific, Middle East
  Africa) - Size, Share, Outlook, and Opportunity
  Analysis, 2020 - 2027

3
Lamination adhesive is a type of glue that holds
the materials together and also provides
excellent properties such as chemical heat
resistance, flame resistance, optical clarity,
thermoforming capability, and electrical
insulation. Moreover, they are also lightweight,
easy to handle, and provide damage resistance.
Lamination adhesive for flexible packaging acts
as raw material for producing products for
consumer durable industries. Pharmaceutical,
medical, agricultural containers, and the food
industry are some of the major end-user of
lamination adhesive for flexible packaging. The
global lamination adhesives for flexible
packaging market is projected to surpass US 2600
million by the end of 2027, in terms of revenue,
growing at cagr of 6.6 during the forecast
period (2020 to 2027).

• Drivers
• Growing spending on packaged food across
  developed as well as developing regions is
  expected to propel the market growth of
  lamination adhesive for flexible packaging.
  According to the United States Department of
  Agriculture Economic Research Service, in 2018,
  U.S. consumers, businesses, and government
  entities spent US 1.71 trillion on food and
  beverages in grocery stores and other retailers
  and on away-from-home meals and snacks. Thus,
  growing spending by the consumer on packaged food
  is projected to augment the market growth of
  lamination adhesive for flexible packaging.
• Developing markets such as BRICS (Brazil, Russia,
  India, China, and South Africa) are projected to
  experience an surge in GDP growth over the
  forecast period. This is projected to ultimately
  increase in the manufacturing industry which is
  expected to propel the market growth of
  lamination adhesive for flexible packaging.
  Moreover, the increase in the foreign direct
  investment coupled with the increasing
  initiatives by the government is further
  anticipated to augment the market growth.
• Regionally, Asia Pacific dominated the global
  Lamination Adhesives for Flexible Packaging
  market in 2019, reporting 37 market share in
  terms of revenue, followed by North America and
  Europe, respectively.

4
Figure 1. Global Lamination Adhesives for
Flexible Packaging Market, Revenue Share (), By
Region, 2019
5
Market Restraints

• The high cost of adhesives due to the fluctuating
  price of raw materials used in the manufacturing
  of lamination adhesive is expected to hinder the
  market growth of lamination adhesive for flexible
  packaging. This is due to the rise in prices of
  oil which has affected the production process.
• Rising concern over energy consumption the
  production of adhesive is an energy-intensive
  process that is expected to hamper the market
  growth. Moreover, the process is time-consuming
  which is also expected to restrict the market
  growth of lamination adhesive for flexible
  packaging.

6
Market Opportunities

• Rising demand for solvent-less adhesives is
  expected to offer an enormous potential
  opportunity to the market of lamination adhesive
  for flexible packaging. For instance in July
  2019, Uflex Limited has introduced a general
  performance, single component solvent-less PU
  adhesive FLEXBON OC512. The moisture curing
  adhesive is designed for laminating film with
  printed and un-printed board or paper, with an
  average coating weight of 3 to 5 GSM.
• The growing focus of manufacturers to develop
  bio-based laminated adhesives is expected to
  present major growth opportunities to the market
  of lamination adhesive for flexible packaging. A
  growing population coupled with the increasing
  disposable income of the people across the
  developing region is further anticipated to fuel
  the market growth of the lamination adhesive for
  flexible packaging over the forecast timeframe. 

7
Figure 2. Global Lamination Adhesives
for Flexible
Packaging Market Opportunity Analysis
8
    
 Market Trends 

• The growing demand for laminate adhesives from
  the automotive industry is projected to augment
  market growth over the forecast period. Laminate
  adhesive provides strong bonding that
  conventional technology which makes them ideal
  for automotive application such as fenders, body
  panels, heat shields, grille opening
  reinforcement (GOR), headlamp reflectors and
  picks up boxes. Thus emerging application of
  laminate adhesives across the automotive industry
  is expected to propel the market growth.
• Growing demand for flexible packaging across
  various end-user industries is expected to be a
  major trend in the market. This is primarily
  attributed to the rising disposable income of the
  consumer due to economic growth. All these
  factors are are expected to propel the market
  growth of the lamination adhesive for flexible
  packaging.

9
Figure 3. Global Lamination Adhesives for
Flexible Packaging Market, Revenue Share (),
By Product Type, In 2019
10
On the basis of product type, solvent based
dominated the global Lamination Adhesives for
Flexible Packaging market in 2019 with
around 42 of market share in terms of revenue,
followed by solvent less and heat/cold seal,
respectively,

• Competitive Section
• Key players are operating in the global
  Lamination Adhesives for Flexible Packaging
  market are H.B. Fuller, Henkel AG Co. KgaA, The
  Dow Chemical Company, 3M, Flint Group, Arkema
  Group, Ashland Inc., COIM Group, Morchem, DIC
  Corporation, and Chemline India Ltd
• Few Recent Developments
• Henkel AG Co. KgaA
• In June 2019, Henkel has expanded its portfolio
  with the launch of an adhesive solution called
  Loctite Liofol LA 2798 for high-performance
  packaging applications.

11

• Request Sample Report
• Request Customization
• Download PDF Brochure
• Talk to Analyst
• Buy Now
• Reference https//www.coherentmarketinsights.com/
  market-insight/lamination-adhesives-for-flexible-p
  ackaging-market-3868

12
About Us

• Coherent Market Insights is a global market
  intelligence and consulting organization focused
  on assisting our plethora of clients achieve
  transformational growth by helping them make
  critical business decisions.
• What we provide
• Customized Market Research Services
• Industry Analysis Services
• Business Consulting Services
• Market Intelligence Services
• Long term Engagement Model
• Country Specific Analysis

13
Contact Us

• Mr. Shah
• Coherent Market Insights Pvt.Ltd.
• Address 1001 4th Ave, 3200 Seattle, WA 98154,
  U.S.
• Phone [phone]
• Email sales_at_coherentmarketinsights.com

14
Thank You!

• Kindly follow CMI Social Media Profiles for the
  latest company updates
• Facebook
• Linkedin
• Twitter
• https//www.coherentmarketinsights.com/