About Laminating Adhesives
Over 70% of the overall volume demands of laminating adhesive is for flexible packaging applications. High Demand for Food Packaging Applications as well as Increasing Demand for Customer-Friendly and Safe Packaging are the key drivers for the global laminating adhesives market. Laminating adhesives are the adhesives designed for lamination of plastic films to other plastic films, metalized film, foil, paper, board etc. These adhesives offer excellent chemical and heat resistance with high bond strength. They are generally used for food product packaging such as ready-to-eat such as snacks, ice creams, coffee, freezer-to-microwave and Boil-in-bag pouches as well as non-food products including insulation, medical and cosmetics. It helps to improve the strength of the material by making it more resistant to tearing, protect it during packaging, distribution and storage and prevents loss of product qualities, such as freshness and aroma (food).
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
There are various companies that are operating in the new geographical regions by adopting various market growth initiatives such as mergers & acquisitions, expansions, investments, and others. There are various new market players are entering the market to capture market growth opportunities. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Laminating Adhesives market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Henkel AG & Co. (Germany), Bostik (United States), H.B. Fuller (United States), Ashland Global Specialty Chemicals Inc. (United States), Dow Chemical Company (United States), 3M (United States), Vimasco Corporation (United States), Sika Automotive GmbH (Germany), Toyo-Morton, Ltd. (Japan) and DIC Corporation (Japan are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Hubergroup (India), Guangdong Kanuo Imaging Technology Co., Ltd. (China) and Qixiang Electron Science & Technology Co., Ltd. (China).
Segmentation Overview
AMA Research has segmented the market of Global Laminating Adhesives market by Type (Solvent Based Laminating Adhesives, Solventless Laminating Adhesives and Water-Based Laminating Adhesives), Application (Flexible Packaging, Industrial Applications and Automotive Applications) and Region.
On the basis of geography, the market of Laminating Adhesives has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Resin, the sub-segment i.e. Acrylic will boost the Laminating Adhesives market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increasing Demand from Medical and Cosmetic Industries and Advancements in the Packaging Solutions
Market Growth Drivers:
High Demand for Food Packaging Applications and Increasing Demand for Customer-Friendly and Safe Packaging
Challenges:
High Capital Investment and Stringent Government Rules and Regulations
Restraints:
Limitations Associated with Laminating Adhesives Applications
Opportunities:
Growth in the Food and Pharmaceutical Industry creating Opportunities for the Laminating Adhesives Manufacturers and Growing Demand for Flexible Packaging in the Asia Pacific Region
Market Leaders and their expansionary development strategies
In April 2023, Fujifilm Graphic Communications has announced a new partnership agreement with Henkel Adhesive Technologies to provide production and sustainability benefits to customers of Fujifilm’s upcoming digital inkjet water-based Jet Press FP790 flexible packaging solution. Henkel Adhesive Technologies is a global brand that produces adhesives, sealants and functional coatings for the packaging sector.
In June 2020, Bostik has launched its HERBERTS 700 product series of high-performance, sustainable, flexible lamination solutions for food packaging, industrial and medical markets in the Asia Pacific region. This product series is based on polyurethane, solvent-free technologies, comprised of HERBERTS LF794/H180 and LF728/H128, enable customers to easily achieve high production demands and quality performance needs while aiding the environment.
Key Target Audience
Laminating Adhesives Manufacturers, Raw Material Suppliers, Distributors, Emerging Companies, Research Professionals and End-users
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.