Global Market Study on Lamination Adhesives for Flexible Packaging: Growing Demand for Packaged Foods in Healthcare and Personal Care Products Likely to Drive Growth R e s e a r c h Report Media Releases Global Lamination Adhesives for Flexible Packaging Market to Expand at a CAGR of 6.4% from 2016 to 2024; Asia Pacific to Register Steady Y-o-Y Growth The global market share of the lamination adhesives for flexible packaging market in 2016 is estimated at US$ 1.3 Bn and this is likely to increase to US$ 2.2 Bn by 2024, projected to increase at a CAGR of 6.4% throughout the forecast period (2016–2024). In a new report titled “Lamination Adhesives for Flexible Packaging Market: Global Industry Analysis and Forecast, M a r k e t 2016–2024”, Persistence Market Research throws light on the market growth of lamination adhesives for flexible packaging and identifies key factors and trends impacting this growth. Lamination adhesives for flexible packaging are one of the emerging adhesive solutions widely used for food packaging. The lamination adhesives for flexible packaging market is estimated to project increased growth throughout the forecast period, driven by factors such as lesser cure time, lesser emission, lower wastage, and higher bond strength. Also, increasing demand for packaged foods in healthcare and personal care products have augmented market growth. However, government initiatives and rising consumer awareness towards usage of eco-friendly adhesives have limited the growth of the lamination adhesives for flexible packaging market. P e r s i s t e n c e Market consolidation has been observed as a key trend, with leading market players engaging in strategic mergers and acquisitions to enhance their product portfolio and increase global footprint. Another notable trend indicates that solvent fewer lamination adhesives are fast replacing solvent based adhesives owing to their eco-friendly nature. Download Sample Study of this report @ http://www.persistencemarketresearch.com/samples/11668 The global lamination adhesives for flexible packaging market report is categorically split into three sections – based on product type (further segmented into water based, solvent based, solvent less, and heat/cold seal), end use (further segmented into food packaging, medical packaging, industrial packaging, and other end use), and region. The solvent based product type emerges as the dominant segment due to its wide application in multiple industries. This segment is estimated to account for 42.8% of the overall lamination adhesives for flexible packaging market revenue by the end of 2016. However, the segment is anticipated to lose substantial market share to the solvent less segment, owing to an increasing preference of eco- Global Lamination Adhesives for Flexible Packaging Market 2016-2024 R e s e a r c h M a r k e t P e r s i s t e n c e friendly adhesives among end users. The solvent less segment is estimated to witness fastest Yo-Y growth during the forecast period from 6.0% in 2014 to 8.2% in 2024. For More Information Request TOC (desk of content material), Figures and Tables of the report @ http://www.persistencemarketresearch.com/market-research/lamination-adhesivesmarket.asp The food packaging segment stands out among all segments owing to the rising demand for packaged foods. The medical packaging segment is forecasted to be the fastest growing enduse segment owing to a high consumer spending in the healthcare sector and is estimated to expand at a significant CAGR of 6.9% during the forecast period. Food packaging is the key segment driving demand for lamination adhesives – over 60% of the overall market demand is generated by the food packaging segment. By region, the market is segmented into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. The market in Asia Pacific is anticipated to register a steady Y-o-Y growth from 7.1% in 2014 to 9.0% in 2024. This market alone is estimated to account for over 40% of the global flexible packaging market in terms of value by the end of 2016. Within the Asia Pacific region, the markets in China and India are anticipated to witness maximum Y-o-Y growth across the forecast period. The lamination adhesives for flexible packaging market in North America is expected to increase 1.5X over the forecast period; while the Latin America market is poised to increase 1.6X over the forecast period. 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. are the leading market players in the lamination adhesives for flexible packaging market. Read the full report - “Lamination Adhesives for Flexible Packaging Market" @ http://www.persistencemarketresearch.com/market-research/lamination-adhesives-market.asp Global Lamination Adhesives for Flexible Packaging Market 2016-2024 R e s e a r c h About Us: Persistence Market Research (PMR) is a third-platform research firm. Our research model is a unique collaboration of data analytics and market research methodology to help businesses achieve optimal performance. To support companies in overcoming complex business challenges, we follow a multi-disciplinary approach. At PMR, we unite various data streams from multi-dimensional sources. By deploying real-time data collection, big data, and customer experience analytics, we deliver business intelligence for organizations of all sizes. Our offerings include pre-built reports that address every major sale, customized solutions to M a r k e t cater to client-specific needs, and consulting services to offer more value addition. Our nextgeneration research approach for exploring emerging technologies has allowed us to solve the most complex problems of clients. We do not follow a reactive approach, but a pro-active one. Expert analysts at PMR keep a tab on next-generation technologies in their R&D phase and provide the latest insights into these technologies when they are being commercialized. Our ground-breaking approach allows us to deliver market solutions before the technologies reach the market. Our client success stories feature a range of clients from Fortune 500 companies to fast-growing startups. PMR’s collaborative environment is committed to building industry-specific solutions by P e r s i s t e n c e transforming data from multiple streams into a strategic asset. Contact Us: Persistence Market Research 90 Sate Street, Suite 700 Albany, NY 12207 Tel: +1-518-618-1030 Email: [email protected] Website: http://www.persistencemarketresearch.com/ [email protected] Stay updated with our official Blog: http://pmrblog.com Global Lamination Adhesives for Flexible Packaging Market 2016-2024
The flexible packaging industry has witnessed immense growth in the last decade and is anticipated to grow at a substantial rate in the near future.
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