About Flexible Packaging Adhesives
Flexible packaging adhesives are a special type of glue that is used for laminated structures made from various flexible films, foils, and paper used for packaging applications. They are based on urethane and acrylic chemistry. They have low temperature properties, crystallinity, and a stronger specific adhesion to more materials, especially metal. Flexible packaging is used in various applications, such as BOPP packaging tapes, holographic labels, chocolate wrapping, making liners, coatings, and many more. Advancements in adhesive technology are leading to the development of high-performance adhesives with enhanced properties like stronger bonds, better heat resistance, and improved machinability. These advancements are fostering the adoption of flexible packaging adhesives.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The market is highly competitive with the active presence of dominant players. The flexible packaging adhesive market is quite competitive with a mix of established global players and regional participants. Mergers and acquisitions activity in the market as companies look to expand their product portfolios and geographic reach. 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.
MITSUI CHEMICALS ASIA PACIFIC, LTD. (Singapoore), H.B. Fuller Company (United States), Logos Pack (China), Henkel Adhesives Technologies India Private Limited (India), Sealed Air (United States), Bostik (France), The Lubrizol Corporation (United States), Evonik Industries AG (Germany), 3M (United States), Huntsman International LLC (United States), Heyne & Penke Verpackungen GmbH (Germany), PPC Flex Company Inc. (United States), SIG (United States), Taghleef Industries (United Arab Emirates), SAPICI S.p.A. (Italy), Amcor plc (Australia) and artience Co., Ltd. (Japan) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Flexible Packaging Adhesives market by , Application (Case & Carton, Corrugated Packaging, Labelling, Folding Cartons and Others) and Region.
On the basis of geography, the market of Flexible Packaging 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 End User Industry, the sub-segment i.e. Food & Beverage will boost the Flexible Packaging Adhesives market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Technology, the sub-segment i.e. Water Based will boost the Flexible Packaging Adhesives market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Packaging Type, the sub-segment i.e. Pouches will boost the Flexible Packaging Adhesives market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Resin Type , the sub-segment i.e. Polyurethane will boost the Flexible Packaging Adhesives market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Consumer preferences shift towards circular and sustainable solutions and Increased the adoption of Recyclable, reusable and refillable packaging
Market Growth Drivers:
E-commerce industry is experiencing phenomenal growth, leading to a high demand for puncture-resistant packaging solutions. and Growing demand for Flexible packaging can gain benefits such as lightweight design, and extended shelf life for various products.
Challenges:
The adhesive has Lower processing speeds may lead to higher prices.
Restraints:
Some flexible packaging materials especially plastics, may give rise to environmental concerns. and The heavy consumption of water and emissions of greenhouse gasses
Opportunities:
Developing bio-based and biodegradable adhesives.
Market Leaders and their expansionary development strategies
In January 2022, Sun Chemical a member of the DIC Group, is a leading producer of packaging and graphic solutions, color and display technologies, functional products, electronic materials, and products for the automotive and healthcare industries has acquired SAPICI, a global leading company in high-performance polyurethanes for coatings, flexible packaging, industrial adhesives and more. The acquisition of SAPICI will transform Sun Chemical into an integrated player in the lamination adhesives market, and improve the product portfolio.
In September 2022, Toyo Mortan ltd leading manufacturer of laminating adhesive and a member of toyo ink group has launched its laminating adhesives portfolio with food-safe products that are free of epoxy silanes and organic tin compounds. The renewed lineup includes both the solvent-based TOMOFLEX and the solvent-free ECOAD series of laminating adhesives that are suitable for a wide range of multilayer flexible packaging applications. and In November 2022, Bostik, a leading global adhesive specialist for industrial, construction and consumer markets has launched the two new tape and label adhesives. The new launch enables it to consume significantly less energy, aiding in easier maintenance of converting machines.
Key Target Audience
Supplier, Manufacturer, Research Organization, Government Regulatory and End users’ industry
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.