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World Lamination Adhesives for Flexible Packaging Market 2016

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.
Global Market Study on Lamination Adhesives for
Flexible Packaging: Growing Demand for Packaged
Foods in Healthcare and Personal Care Products
Likely to Drive Growth
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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,
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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.
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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.
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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
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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.
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report @
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" @
Global Lamination Adhesives for Flexible Packaging Market 2016-2024
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Global Lamination Adhesives for Flexible Packaging Market 2016-2024
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