Lamination Adhesives Market Revenue is Expected to ReachUS$ 2.2 Bn by 2024

Lamination Adhesives Market Poised to Rake in US$ 2.2 Bn by 2024.
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, 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 Market Research Report overview @
https://www.persistencemarketresearch.com/market-research/lamination-adhesives-market.asp
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. 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-friendly adhesives among end users. The solvent
less segment is estimated to witness fastest Y-o-Y growth during the forecast period from 6.0% in
2014 to 8.2% in 2024.
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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 end-use
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.
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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.

Lamination Adhesives Market Revenue is Expected to ReachUS$ 2.2 Bn by 2024

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