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.
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