by Lamination adhesives are the adhesive materials used in the lamination process to bind packaging films together, and protect and preserve food and other packaging contents. They help provide mechanical and barrier properties critical for flexible packaging applications. Some key uses of flexible lamination adhesives include packaging of snacks, confectionery, coffee, beverages, ready meals and other perishable food items. They are applied as thin coatings to bond packaging layers such as polyethylene, polypropylene, polyester, nylon and paper/film substrates.
The global laminating 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, as highlighted in a new report published by Coherent Market Insights.
The global food and beverage industry plays a significant role in boosting the demand for flexible packaging adhesives. Flexible packaging adhesives are widely used for packaging of snacks, processed food, ready meals, beverages and other consumer goods. Their excellent adhesion properties help provide peel resistance and protect the food contents from contamination during distribution and storage. Moreover, flexible laminate adhesives allow downgauging of packaging films which helps reduce raw material usage. The growing trends of convenience packaging and on-the-go consumption are driving manufacturers to adopt innovative flexible packaging solutions. This in turn is expected to propel the laminating adhesives for flexible packaging market during the forecast period.
Market Dynamics
Growing Food and Beverage Industry
As highlighted earlier, the booming food and beverage sector globally is one of the key drivers for the laminating adhesives market. Expanding urbanization, change in dietary habits and rising disposable incomes in developing nations have fueled the demand for packaged and ready-to-eat food products. Flexible packaging adhesives are ideal for applications such as snack food wrappers, juice cartons, coffee pouches and stand-up packaging bags for smaller portions. The rapid growth of the food processing and ready meals industry is thus expected to support market gains of flexible lamination adhesives over the projected timeframe.
High Performance Requirements
Lamination adhesives are engineered to provide mechanical strength, barrier protection and durable bonds for flexible packaging applications. They need to withstand various converting processes, distribution challenges and ensure product safety and shelf-life. Advances in adhesive resin chemistry have led to development of high-performance adhesives addressing the stringent functional and regulatory requirements of the
Segment Analysis
The lamination adhesives for flexible packaging market can be segmented based on type- water based, solvent based, hot melt based and others. Among these, water based lamination adhesives account for the largest share as they are eco-friendly in nature and emit low VOCs. They are preferred for packaging food items due to their non-toxic nature.
PEST Analysis
Political: There are regulations regarding the use of solvent based adhesives due to environmental concerns. Water based adhesives are encouraged due to their low emissions.
Economic: As the flexible packaging industry grows with increasing demand for flexible packaging from food and pharmaceutical sectors, the demand for lamination adhesives also increases.
Social: People are becoming increasingly health conscious which drives the demand for packaging that uses eco-friendly materials and production processes.
Technological: Developments are ongoing to further reduce VOCs in adhesives and improve performance characteristics like shorter setting time and adhesion to various substrates. New adhesive formulations are being researched.
Key Takeaways
The Global Lamination Adhesives For Flexible Packaging Market Growth is expected to witness high over the forecast period of 2024 to 2031 supported by the increasing demand for flexible packaging from various end use industries.
Regional analysis: The Asia Pacific region accounts for the largest share of around 35% of the global market led by China, India and other Southeast Asian countries. This is attributed to growing food processing and pharmaceutical industries driving flexible packaging needs.
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. These players are focusing on expanding their product portfolios and strengthening distribution networks across global markets.
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1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
