Global Lamination Adhesives for Flexible Packaging Market is estimated to be valued at US$ 2.1 Billion in 2021, according to the Lamination Adhesives For Flexible Packaging  Market Report, by Product Type (Water-Based, Hot/Cold Seal, Solvent Less, Solvent Based), by End-User (Food Packaging, Medical Packaging, Industrial Packaging, Others), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East & Africa), published by Coherent Market Insights.

Global lamination adhesives for flexible packaging market was valued at US$ 2.1 Billion in 2021. Lamination adhesives for flexible packaging market is expected to register a CAGR of 5.5% over the forecast period (2022–2030), to reach US$ 3.4 Billion by 2030. Lamination adhesive is an ideal substitute for nuts & bolts in order to provide bonding strength. Lamination adhesives provide flame resistance, heat resistance, electrical insulation, and optical clarity. Lamination adhesive can be classified into water-based, solvent less, hot/cold seal, and solvent-based. Lamination adhesive for flexible packaging is widely used across various end-use industries such as pharmaceutical, medical, agricultural containers, frozen food cartons, and papers & graphics industry. Out of which, lamination adhesive for flexible packaging is gaining huge demand from the food packaging and personal care industry. It reduces wastage, produces lesser emission, and provides excellent bond strength in the packaging of products.

The raw material consumption and supply is not expected to get impacted hugely across the globe, owing to the rise in demand for packaging solutions during the pandemic. Major players functioning in market are adopting new strategies in order to mitigate the impact of the COVID-19 pandemic. Producers are opting to expand their production lines of polypropylene, one of the key raw material for packaging products. This scenario is expected to fuel the production of raw materials used for packaging solutions in various countries across the globe.

To know the latest trends and insights prevalent in this market, click the link below:

https://www.coherentmarketinsights.com/market-insight/lamination-adhesives-for-flexible-packaging-market-3868

Browse 50 market data tables* and 40 figures* on "Global Lamination Adhesives for Flexible Packaging Market” - Forecast to 2030.

Key Trends and Analysis of the Global Lamination Adhesives for Flexible Packaging Market:

  • Strategic merger and acquisition by a key player in the market for regional as well as the global expansion is a major trend in the lamination adhesives for flexible packaging industry and this is expected to augment the market growth over the forecast period. Growth in retail ecommerce sales has boosted demand for packaged consumer products which is expected to propel the market growth of lamination adhesive for flexible packaging. According to the U.S. Department of Commerce quarterly e-commerce figures, Consumers spent US$ 601.75 billion online with U.S. merchants in 2019, up 14.9% from US$ 523.64 billion in 2018. Thus, growth in retail e-commerce is projected to accelerate the market growth of lamination adhesive for flexible packaging.

Key Takeaways of the Global Lamination Adhesives for Flexible Packaging Market:

  • On the basis of end-user, food packaging dominated the global lamination adhesives for flexible packaging market in 2021 with around 64% of market share in terms of revenue, followed by medical packaging and industrial packaging, respectively.
  • Lesser cure time, lesser emissions, lower wastage, and high bond strength of flexible packaging have contributed to growth of the lamination adhesives for flexible packaging market worldwide. However, government initiatives and growing consumer awareness towards the usage of eco-friendly adhesives have put a limitation on growth of the lamination adhesives for flexible packaging market.
  • New product launches, merger & acquisitions, strategic partnership expansion, and research & development activities for the lamination adhesives for flexible packaging are key strategies adopted by players in the global lamination adhesives for flexible packaging market.

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