April 21, 2024
Lamination Adhesives For Flexible Packaging Market

Lamination Adhesives For Flexible Packaging Market Is Trending Towards Eco-Friendly Solutions

The Lamination Adhesives For Flexible Packaging Market Is Witnessing Increased Adoption Of Water-Based And Solventless Adhesives To Support Sustainability Initiatives. Flexible Packaging Laminates Continue To Gain Preference Over Rigid Packaging Owing To Advantages Such As Lightweight And Customizable Design And Print Capabilities. The Growing Demand For Packaged Food And Consumer Goods Have Boosted The Requirement For Flexible Packaging Laminates, Thereby Driving The Need For High-Performance Lamination Adhesives.

The Global Lamination Adhesives For Flexible Packaging Market Is Estimated To Be Valued At US$ 2.88 Bn In 2024 And Is Expected To Exhibit A CAGR Of 12. % Over The Forecast Period 2024 To 2030.

Key Takeaways

Key Players Operating In The Lamination Adhesives For Flexible Packaging Are Leica Biosystems Nussloch Gmbh, Olympus Corporation, F. Hoffmann-La Roche Ltd., Merck Kgaa, GE Healthcare, Mikroscan Technologies, Inc., Koninklijke Philips N.V., Sectra AB, Propath UK Limited, Inspirata, Inc., Hamamatsu Photonics, Inc., Oraclebio Limited, MD Biosciences, Aiforia, Xybion Digital Inc., Nucleai, Inc. The Major Players Are Focusing On Introducing Bio-Based And Recyclable Adhesive Solutions To Gain Advantage.

The Growing Demand For Packaged Food And Consumer Goods Have Vastly Contributed To The Growth Of Flexible Packaging Market. Further, The Changing Lifestyle And Consumption Patterns Have Increased The Demand For Packaged And Conveniently Packaged Products. This Growing Demand For Packaged Products Is Expected To Boost The Lamination Adhesives For Flexible Packaging Market During The Forecast Period.

The Global Lamination Adhesives For Flexible Packaging Market Is Witnessing Expansion Into Emerging Economies Of Asia Pacific And Latin America Regions. This Is Attributed To Growing Manufacturing Industry And Developing Retail Infrastructure In These Regions. Additionally, Increasing Disposable Income Has Influenced The Consumption Of Packaged Goods Favoring Market Growth.

Market Key Trends

One Of The Key Trends Witnessed In The Lamination Adhesives For Flexible Packaging Market Demand Is The Rising Demand For Bio-Based And Eco-Friendly Adhesive Solutions. Stringent Environmental Regulations Globally Are Encouraging Manufacturers To Develop Sustainable Product Offerings. Water-Based And Solventless Lamination Adhesive Variants Offer Reduced VOC Emission And Are Biodegradable. Their Growing Adoption Is Expected To Drive The Green Product Innovation Trend During The Forecast Period.

Porter’s Analysis

Threat Of New Entrants: Low Capital Required To Enter Into The Flexible Packaging Laminating Adhesives Market. However, The Market Is Dominated By Key Global And Regional Players, Limiting Opportunities For New Players.

Bargaining Power Of Buyers: Buyers Have Moderate To High Bargaining Power. Buyers Can Negotiate On Price And Demand Customized Solutions. They Also Have Choice Of Substitutes.

Bargaining Power Of Suppliers: Supply Chain Integration Limits Opportunities For Suppliers To Influence Prices Significantly.

Threat Of New Substitutes: Low Threat As Laminating Adhesives Provide Necessary Flexibility And Adhesive Properties Required For Flexible Packaging Applications.

Competitive Rivalry: High As Major Global Players Compete. Competition Parameters Include Pricing, Product Quality, Innovation, And Geographical Expansion.

Geographical Regions With Highest Market Share

Asia Pacific Region Holds The Highest Share Primarily Due To Growing Packaging Sector In China, India, Japan And Other Emerging Economies. Increased Consumption Of Consumer Packaged Goods Has Fuelled Demand.

Fastest Growing Region

Europe Is Projected To Be The Fastest Growing Market Driven By Rising Consumption Of Flexible Packaging Over Rigid Options, Regulatory Push For Sustainable Packaging, And Presence Of Major Adhesive Producers In The Region. Stringent Food Contact Regulations Aid Market Growth.

Geographical Regions
Asia Pacific Holds The Highest Market Share In Terms Of Value, Primarily Due To A Thriving Packaging Sector In Emerging Economies Like China And India. Expanded Consumption Of Consumer Goods Has Propelled Demand For Flexible Packaging And Laminating Adhesives.

Europe Is Poised To Witness The Fastest Growth Over The Forecast Period. Factors Such As Growing Preference For Flexible Packaging, Stringent Regulations Favoring Sustainable Options, And Presence Of Key Adhesive Producers In The Region Will Aid Market Expansion. Adoption Is Further Supported By Strict Food Contact Material Regulations.

*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it