Rising Demand For Recycled Flexible Packaging Solutions Is Anticipated To Openup The New Avanue For Lamination Adhesives For Flexible Packaging Market

Lamination Adhesives For Flexible Packaging Market


The Lamination Adhesives For Flexible Packaging Market is estimated to be valued at US$ 2.5 Bn or Billion in 2023 and is expected to exhibit a CAGR of 5.7% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market Overview:
Lamination adhesives are primarily used to bond layers of films and papers in flexible packaging applications. They offer various benefits such as high bond strength, providing barrier against moisture, heat resistance and their ability to laminate polyolefin films like polyethylene and polypropylene. Lamination adhesives for flexible packaging are used in various applications including pouches, bags, labels etc. Key lamination adhesive types include hot melt adhesives, water-based adhesives and solvent-based adhesives.

Market Dynamics:
The growth of the global lamination adhesives for flexible packaging market is driven by increasing demand for packaged food items. Changing lifestyle and increasing consumption of packaged and convenience food has been a key driver. Additionally, rising demand from end use industries like food and beverages, personal care and homecare has contributed to the market growth. Growing popularity of recyclable and flexible packaging has also augmented the market's expansion over the forecast period. However, stringent environmental regulations regarding usage of solvent-based adhesives along with availability of alternative packaging solutions can hamper the market growth.

Segment Analysis

The lamination adhesives for flexible packaging market can be segmented into water-based adhesives and solvent-based adhesives. Water-based adhesives dominate the market as they emit lower volatile organic compounds and are environment friendly. Their lower toxicity makes them safe for direct food contact applications such as confectionery and snack food packaging.

PEST Analysis

Political: Fluctuations in raw material prices due to changing trade policies can impact the market. However, supporting regulations for sustainable packaging are increasing development of eco-friendly adhesives.
Economic: Growth of the flexible packaging industry due to rising demand for convenience food is driving adhesive consumption.
Social: Increasing health awareness is generating demand for packaged food and beverages, requiring laminated flexible packaging.
Technological: Developments in adhesive formulations to enable downgauging of packaging materials and achieve stronger seals with minimal application are gaining traction.

Key Takeaways

Global Lamination Adhesives For Flexible Packaging Market Size is expected to witness high growth, exhibiting CAGR of 5.7% over the forecast period, due to increasing demand for packaged food & beverages.

The Asia Pacific region dominates the market and is expected to witness the fastest growth during the forecast period due to rising incomes, growing urbanization, and increasing flexible packaging consumption in major economies like China and India.

Key players operating in the 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. These players are focusing on introducing sustainable product offerings and targeting emerging markets for long-term growth. 

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