Impact Analysis of Covid-19

The complete version of the Report will include the impact of the COVID-19, and anticipated change on the future outlook of the industry, by taking into the account the political, economic, social, and technological parameters.

Lamination adhesive is a type of glue that holds the materials together and also provides excellent properties such as chemical & heat resistance, flame resistance, optical clarity, thermoforming capability, and electrical insulation. Moreover, they are also lightweight, easy to handle, and provide damage resistance. Lamination adhesive for flexible packaging acts as raw material for producing products for consumer durable industries. Pharmaceutical, medical, agricultural containers, and the food industry are some of the major end-user of lamination adhesive for flexible packaging.

The global lamination adhesives for flexible packaging market is projected to surpass US$ 2600 million by the end of 2027, in terms of revenue, growing at cagr of 6.6% during the forecast period (2020 to 2027).

Drivers

Growing spending on packaged food across developed as well as developing regions is expected to propel the market growth of lamination adhesive for flexible packaging. According to the United States Department of Agriculture Economic Research Service, in 2018, U.S. consumers, businesses, and government entities spent US$ 1.71 trillion on food and beverages in grocery stores and other retailers and on away-from-home meals and snacks. Thus, growing spending by the consumer on packaged food is projected to augment the market growth of lamination adhesive for flexible packaging.

Developing markets such as BRICS (Brazil, Russia, India, China, and South Africa) are projected to experience an surge in GDP growth over the forecast period. This is projected to ultimately increase in the manufacturing industry which is expected to propel the market growth of lamination adhesive for flexible packaging. Moreover, the increase in the foreign direct investment coupled with the increasing initiatives by the government is further anticipated to augment the market growth.

Regionally, Asia Pacific dominated the global Lamination Adhesives for Flexible Packaging market in 2019, reporting 37% market share in terms of revenue, followed by North America and Europe, respectively.

Figure 1. Global Lamination Adhesives for Flexible Packaging Market, Revenue Share (%), By Region, 2019

Lamination Adhesives for Flexible Packaging  | Coherent Market Insights

Market Restraints

The high cost of adhesives due to the fluctuating price of raw materials used in the manufacturing of lamination adhesive is expected to hinder the market growth of lamination adhesive for flexible packaging. This is due to the rise in prices of oil which has affected the production process.

Rising concern over energy consumption the production of adhesive is an energy-intensive process that is expected to hamper the market growth. Moreover, the process is time-consuming which is also expected to restrict the market growth of lamination adhesive for flexible packaging.

Market Opportunities

Rising demand for solvent-less adhesives is expected to offer an enormous potential opportunity to the market of lamination adhesive for flexible packaging. For instance in July 2019, Uflex Limited has introduced a general performance, single component solvent-less PU adhesive – FLEXBON OC512. The moisture curing adhesive is designed for laminating film with printed and un-printed board or paper, with an average coating weight of 3 to 5 GSM.

The growing focus of manufacturers to develop bio-based laminated adhesives is expected to present major growth opportunities to the market of lamination adhesive for flexible packaging. A growing population coupled with the increasing disposable income of the people across the developing region is further anticipated to fuel the market growth of the lamination adhesive for flexible packaging over the forecast timeframe. 

Figure 2. Global Lamination Adhesives for Flexible Packaging Market – Opportunity Analysis

Lamination Adhesives for Flexible Packaging  | Coherent Market Insights

Market Trends

The growing demand for laminate adhesives from the automotive industry is projected to augment market growth over the forecast period. Laminate adhesive provides strong bonding that conventional technology which makes them ideal for automotive application such as fenders, body panels, heat shields, grille opening reinforcement (GOR), headlamp reflectors and picks up boxes. Thus emerging application of laminate adhesives across the automotive industry is expected to propel the market growth.

Growing demand for flexible packaging across various end-user industries is expected to be a major trend in the market. This is primarily attributed to the rising disposable income of the consumer due to economic growth. All these factors are are expected to propel the market growth of the lamination adhesive for flexible packaging.

Figure 3. Global Lamination Adhesives for Flexible Packaging Market, Revenue Share (%), By Product Type, In 2019

Lamination Adhesives for Flexible Packaging  | Coherent Market Insights

On the basis of product type, solvent based dominated the global Lamination Adhesives for Flexible Packaging market in 2019 with around 42% of market share in terms of revenue, followed by solvent less and heat/cold seal, respectively,

Competitive Section

Key players are operating in the global 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

Few Recent Developments

Henkel AG & Co. KgaA

  • In June 2019, Henkel has expanded its portfolio with the launch of an adhesive solution called Loctite Liofol LA 2798 for high-performance packaging applications.

Lamination adhesive is an important ingredient for manufacturing of flexible packaging products for various end-user industries such as healthcare & pharmaceuticals, food & beverages, manufacturing and others. Flexible packaging is the type of packaging product which is made from flexible materials and easily resilient materials. Flexible packaging can be readily moulded into multiple shapes after filling or canning.

Market Dynamics

The global Lamination adhesives for flexible packaging market has witnessed significant growth in recent past years, owing to the rising growth of various end-user industries across the globe. Manufacturers involved in the market are focusing on improving production technology for development of environmental protection and better performing lamination adhesives. This scenario is expected to provide lucrative growth to the global Lamination adhesives for flexible packaging market over the forecast period.

Major players in the global lamination adhesives for flexible packaging market are increasing their investment on innovative product launchings, research & development and marketing & promotional activities to capitalize on emerging trends various end-user industries such as food & beverages, consumer goods and pharmaceuticals. This scenario is expected to fuel the market during the forecast period.

Key features of the study:

  • This report provides in-depth analysis of global lamination adhesives for flexible packaging market size (US$ Million), and Compound Annual Growth Rate (CAGR %) for the forecast period (2020 – 2027), considering 2019 as the base year
  • It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market
  • This study also provides key insights into market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategies adopted by the leading players
  • It profiles leading players in the global lamination adhesives for flexible packaging market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
  • Key companies covered as a part of this study includes 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
  • Insights from this report would allow marketers and the management authorities of companies to make informed decision regarding their future product launches, Product Type up-gradation, market expansion, and marketing tactics
  • The global lamination adhesives for flexible packaging market report caters to various stakeholders in this industry including investors, suppliers, global Lamination adhesives for flexible packaging manufacturers, distributors, new entrants, and financial analysts
  • Stakeholders would have ease in decision-making through various strategy matrices used in analysing the global lamination adhesives for flexible packaging market

Detailed Segmentation:

  • Global Lamination Adhesives for Flexible Packaging Market, By Product Type:
    • Water-Based
    • Hot/Cold Seal
    • Solvent Less
    • Solvent Based
  • Global Lamination Adhesives for Flexible Packaging Market, By End-User:
    • Food Packaging
    • Medical Packaging
    • Industrial Packaging
    • Others
  • Global Lamination Adhesives for Flexible Packaging Market, By Region:
    • North America
      • U.S.
        • By Product Type
          • Water-Based
          • Hot/Cold Seal
          • Solvent Less
          • Solvent Based
        • By End-User
          • Food Packaging
          • Medical Packaging
          • Industrial Packaging
          • Others
      • Canada
        • By Product Type
          • Water-Based
          • Hot/Cold Seal
          • Solvent Less
          • Solvent Based
        • By End-User
          • Food Packaging
          • Medical Packaging
          • Industrial Packaging
          • Others
    • Latin America
      • Brazil
        • By Product Type
          • Water-Based
          • Hot/Cold Seal
          • Solvent Less
          • Solvent Based
        • By End-User
          • Food Packaging
          • Medical Packaging
          • Industrial Packaging
          • Others
      • Mexico
        • By Product Type
          • Water-Based
          • Hot/Cold Seal
          • Solvent Less
          • Solvent Based
        • By End-User
          • Food Packaging
          • Medical Packaging
          • Industrial Packaging
          • Others
      • Rest of Latin America
        • By Product Type
          • Water-Based
          • Hot/Cold Seal
          • Solvent Less
          • Solvent Based
        • By End-User
          • Food Packaging
          • Medical Packaging
          • Industrial Packaging
          • Others
    • Europe
      • France
        • By Product Type
          • Water-Based
          • Hot/Cold Seal
          • Solvent Less
          • Solvent Based
        • By End-User
          • Food Packaging
          • Medical Packaging
          • Industrial Packaging
          • Others
      • Germany
        • By Product Type
          • Water-Based
          • Hot/Cold Seal
          • Solvent Less
          • Solvent Based
        • By End-User
          • Food Packaging
          • Medical Packaging
          • Industrial Packaging
          • Others
      • U.K.
        • By Product Type
          • Water-Based
          • Hot/Cold Seal
          • Solvent Less
          • Solvent Based
        • By End-User
          • Food Packaging
          • Medical Packaging
          • Industrial Packaging
          • Others
      • Russia
        • By Product Type
          • Water-Based
          • Hot/Cold Seal
          • Solvent Less
          • Solvent Based
        • By End-User
          • Food Packaging
          • Medical Packaging
          • Industrial Packaging
          • Others
      • Benelux
        • By Product Type
          • Water-Based
          • Hot/Cold Seal
          • Solvent Less
          • Solvent Based
        • By End-User
          • Food Packaging
          • Medical Packaging
          • Industrial Packaging
          • Others
      • Nordic
        • By Product Type
          • Water-Based
          • Hot/Cold Seal
          • Solvent Less
          • Solvent Based
        • By End-User
          • Food Packaging
          • Medical Packaging
          • Industrial Packaging
          • Others
      • Rest of Europe
        • By Product Type
          • Water-Based
          • Hot/Cold Seal
          • Solvent Less
          • Solvent Based
        • By End-User
          • Food Packaging
          • Medical Packaging
          • Industrial Packaging
          • Others
    • Asia Pacific
      • China
        • By Product Type
          • Water-Based
          • Hot/Cold Seal
          • Solvent Less
          • Solvent Based
        • By End-User
          • Food Packaging
          • Medical Packaging
          • Industrial Packaging
          • Others
      • Japan
        • By Product Type
          • Water-Based
          • Hot/Cold Seal
          • Solvent Less
          • Solvent Based
        • By End-User
          • Food Packaging
          • Medical Packaging
          • Industrial Packaging
          • Others
      • Australia & New Zealand
        • By Product Type
          • Water-Based
          • Hot/Cold Seal
          • Solvent Less
          • Solvent Based
        • By End-User
          • Food Packaging
          • Medical Packaging
          • Industrial Packaging
          • Others
      • India
        • By Product Type
          • Water-Based
          • Hot/Cold Seal
          • Solvent Less
          • Solvent Based
        • By End-User
          • Food Packaging
          • Medical Packaging
          • Industrial Packaging
          • Others
      • Rest of the Asia-pacific
        • By Product Type
          • Water-Based
          • Hot/Cold Seal
          • Solvent Less
          • Solvent Based
        • By End-User
          • Food Packaging
          • Medical Packaging
          • Industrial Packaging
          • Others
    • Middle East & Africa
      • GCC
        • By Product Type
          • Water-Based
          • Hot/Cold Seal
          • Solvent Less
          • Solvent Based
        • By End-User
          • Food Packaging
          • Medical Packaging
          • Industrial Packaging
          • Others
      • South Africa
        • By Product Type
          • Water-Based
          • Hot/Cold Seal
          • Solvent Less
          • Solvent Based
        • By End-User
          • Food Packaging
          • Medical Packaging
          • Industrial Packaging
          • Others
      • Rest of Middle East & Africa
        • By Product Type
          • Water-Based
          • Hot/Cold Seal
          • Solvent Less
          • Solvent Based
        • By End-User
          • Food Packaging
          • Medical Packaging
          • Industrial Packaging
          • Others
  • Company Profiles
    • B. Fuller*
      • Company Overview
      • Product Portfolio
      • Financial Performance
      • Key Strategies
      • Recent Developments
      • Future Plans
    • Henkel AG & Co. KgaA
    • The Dow Chemical Company
    • 3M
    • Flint Group
    • Arkema Group
    • Ashland Inc.
    • COIM Group
    • Morchem
    • DIC Corporation
    • Chemline India Ltd.

 “*” marked represents similar segmentation in other categories in the respective section.

Table of Contents

  1. Research Objectives and Assumptions
    • Research Objectives
    • Assumptions
    • Abbreviations
  2. Market Purview
    • Report Description
      • Market Definition and Scope
    • Executive Summary
      • Market Snippet, By Product Type
      • Market Snippet, By End-User
      • Market Snippet, By Region
    • Coherent Opportunity Map (COM)
  3. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
        • Supply Side Drivers
        • Demand Side Drivers
        • Economic Drivers
      • Restraints
      • Market Opportunities
      • Regulatory Scenario
      • Industry Trend
      • PEST Analysis
      • PORTER’s Analysis
      • New Product Approvals/Launch
      • Promotion and Marketing Initiatives
  4. Global Lamination Adhesives for Flexible Packaging Market - Impact of Coronavirus (Covid-19) Pandemic
    • Change in the Consumer Spending Pattern, by Geography
      • North America
      • Latin America
      • Asia-pacific
      • Europe
      • Middle East & Africa
  5. Global Lamination Adhesives for Flexible Packaging Market, By Product Type, 2017 - 2027 (US$ Million)
    • Introduction
      • Market Share Analysis, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, 2020 - 2027
      • Segment Trends
    • Water-Based
      • Market Share Analysis, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, 2020 - 2027
    • Hot/Cold Seal
      • Market Share Analysis, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, 2020 - 2027
    • Solvent Less
      • Market Share Analysis, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, 2020 - 2027
    • Solvent Based
      • Market Share Analysis, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, 2020 - 2027
  6. Global Lamination Adhesives for Flexible Packaging Market, By End-User, 2017 - 2027 (US$ Million)
    • Introduction
      • Market Share Analysis, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, 2020 - 2027
      • Segment Trends
    • Food Packaging
      • Market Share Analysis, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, 2020 - 2027
    • Medical Packaging
      • Market Share Analysis, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, 2020 - 2027
    • Industrial Packaging
      • Market Share Analysis, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, 2020 - 2027
    • Others
      • Market Share Analysis, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, 2020 - 2027
  7. Global Lamination Adhesives for Flexible Packaging Market, By Region, 2017- 2027 (US$ Million)
    • Introduction
      • Market Share Analysis, By Region, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, By Region, 2020 - 2027
    • North America
      • Market Share Analysis, By Country, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, By Country, 2020 - 2027
        • U.S.
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Million)
          • Market Size and Forecast, By End-User, 2017- 2027 (US$ Million)
        • Canada
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Million)
          • Market Size and Forecast, By End-User, 2017- 2027 (US$ Million)
    • Latin America
      • Market Share Analysis, By Country, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, By Country, 2020 - 2027
        • Brazil
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Million)
          • Market Size and Forecast, By End-User, 2017- 2027 (US$ Million)
        • Mexico
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Million)
          • Market Size and Forecast, By End-User, 2017- 2027 (US$ Million)
        • Argentina
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Million)
          • Market Size and Forecast, By End-User, 2017- 2027 (US$ Million)
        • Rest of Latin America
          • Sub-region/Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Million)
          • Market Size and Forecast, By End-User, 2017- 2027 (US$ Million)
    • Europe
      • Market Share Analysis, By Country, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, By Country, 2020 - 2027
        • France
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Million)
          • Market Size and Forecast, By End-User, 2017- 2027 (US$ Million)
        • Germany
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Million)
          • Market Size and Forecast, By End-User, 2017- 2027 (US$ Million)
        • Italy
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Million)
          • Market Size and Forecast, By End-User, 2017- 2027 (US$ Million)
        • Spain
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Million)
          • Market Size and Forecast, By End-User, 2017- 2027 (US$ Million)
        • U.K.
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Million)
          • Market Size and Forecast, By End-User, 2017- 2027 (US$ Million)
        • Nordic
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Million)
          • Market Size and Forecast, By End-User, 2017- 2027 (US$ Million)
        • Benelux
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Million)
          • Market Size and Forecast, By End-User, 2017- 2027 (US$ Million)
        • Russia
          • Country Trends
          • Market Size and Forecast, By End-User, 2017- 2027 (US$ Million)
        • Poland
          • Country Trends
          • Market Size and Forecast, By End-User, 2017- 2027 (US$ Million)
        • Rest of Europe
          • Sub-region/Country Trends
          • Market Size and Forecast, By End-User, 2017- 2027 (US$ Million)
    • Asia Pacific
      • Market Share Analysis, By Country, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, By Country, 2020 - 2027
        • China
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Million)
          • Market Size and Forecast, By End-User, 2017- 2027 (US$ Million)
        • India
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Million)
          • Market Size and Forecast, By End-User, 2017- 2027 (US$ Million)
        • Japan
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Million)
          • Market Size and Forecast, By End-User, 2017- 2027 (US$ Million)
        • Oceania
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Million)
          • Market Size and Forecast, By End-User, 2017- 2027 (US$ Million)
        • ASEAN
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Million)
          • Market Size and Forecast, By End-User, 2017- 2027 (US$ Million)
        • Rest of Asia Pacific
          • Sub-region/Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Million)
          • Market Size and Forecast, By End-User, 2017- 2027 (US$ Million)
    • Middle East & Africa
      • Market Share Analysis, By Country/ Sub-region, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, By Country/ Sub-region, 2020 - 2027
        • GCC
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Million)
          • Market Size and Forecast, By End-User, 2017- 2027 (US$ Million)
        • South Africa
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Million)
          • Market Size and Forecast, By End-User, 2017- 2027 (US$ Million)
        • Rest of Middle East & Africa
          • Sub-region/Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Million)
          • Market Size and Forecast, By End-User, 2017- 2027 (US$ Million)
  8. Competitive Landscape
    • Market Share Analysis
    • Company Profiles
      • H.B. Fuller
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Henkel AG & Co. KgaA
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • The Dow Chemical Company
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • 3M
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Flint Group
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Arkema Group
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Ashland Inc.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • COIM Group
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Morchem
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • DIC Corporation
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Chemline India Ltd.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
    • References
    • Research Methodology
    • About us and Sales Contact

* Browse 45 market data tables* and 30 figures* on "Global Lamination Adhesives for Flexible Packaging Market” – global forecast to 2027

Frequently Asked Questions

The market for global lamination adhesives for flexible packaging is forecast to surpass US$ 2600 million by 2027 witnessing a CAGR of 6.6% between 2020 and 2027.
Rising spending on packaged food across the globe and growth of manufacturing industry in the emerging economies is fuelling the growth of the global Lamination Adhesives for Flexible Packaging market in the region.
Growing demand for laminate adhesives from the automotive industry and growing demand for flexible packaging across various end-user industries are expected to favour market growth over the forecast period.
Rising concern over huge energy consumption during production of adhesives and high cost of adhesives due to the fluctuating price of raw materials used in the manufacturing of lamination adhesive is expected to hamper the growth the market during the forecast period.
Major players operating in the global lamination adhesives for flexible packaging market include 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
The global lamination adhesives for flexible packaging market was estimated to be valued around US$ 1500 Million in terms of revenue in 2019.
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