Global Lamination Adhesives for Flexible Packaging Market Size, Trends & Growth Opportunity, By Product Type (Water-Based, Hot/Cold Seal, Solvent Less, Solvent Based), By End User (Food Packaging, Medical Packaging, Industrial Packaging, and Others), By Region and Forecast till 2027.
Report ID : QR1001345 | Industries : Others | Published On :January 2022 | Page Count : 245Global Lamination Adhesives for Flexible Packaging Market
Global Lamination Adhesives for Flexible Packaging Market was valued at USD 2.6 billion in 2021 which is expected to reach USD 4.3 billion by 2027 at a CAGR 6.7% from 2021-2027.
Lamination adhesive is defined as a type of glue that holds the materials together & provides excellent properties such as chemical & heat resistance, flame resistance, optical clarity, thermoforming capability, and electrical insulation. Moreover, they are also lightweight, and provide damage resistance. Lamination adhesive for flexible packaging acts as raw material for producing products for consumer durable industries. Pharmaceutical, agricultural containers, medical, and the food industry are some of the major end-users of lamination adhesive for flexible packaging.
Market Drivers
The increase in spending on packaged foods across developed and developing nations is expected to boost the growth of global lamination adhesives for flexible packaging market over the forecast period. As per the information provided by United States Department of Agriculture Economic Research Service, in 2018, U.S. consumers, businesses, and government entities spent around US$ 1.71 trillion on food & 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 expected to augment the market growth of lamination adhesive for flexible packaging.
Developing markets such as Brazil, India, Russia, China, and South Africa are expected 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 drive the market growth of lamination adhesive for flexible packaging. Moreover, the rise in the foreign direct investment coupled with the increasing initiatives by the government is further anticipated to accelerate the market growth.
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Market Restraints
The high cost of adhesives due to the fluctuations in the price of raw materials used in the manufacturing of lamination adhesive is expected to hamper the market growth of lamination adhesive for flexible packaging. This is due to the increase in prices of oil which has affected the production process.
Market Segmentation
The Global Lamination Adhesives for Flexible Packaging Market is segmented into product type such as Water-Based, Hot/Cold Seal, Solvent Less, Solvent Based. Further, market is segmented into end user such as Food Packaging, Medical Packaging, Industrial Packaging, and Others.
Regional Analysis
Also, the Global Lamination Adhesives for Flexible Packaging Market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, Middle East & Africa.
The APAC region dominated the overall market share. Due to the increase in manufacturing activities & the growing need for flexible packaging in countries such as India, Japan, and China, the usage of laminating adhesives is increasing in the region.
APAC is the largest consumer for the packaging industry, due to the demand for food in major economies like India, China, and Japan.
Key Players
H.B. Fuller, Henkel AG & Co. KgaA, 3M, Flint Group, The Dow Chemical Company, Arkema Group, Ashland Inc., COIM Group, Morchem, DIC Corporation, Chemline India Ltd, etc.
Market Taxonomy
By Product Type
- Water-Based
- Hot/Cold Seal
- Solvent Less
- Solvent Based
By End User
- Food Packaging
- Medical Packaging
- Industrial Packaging
- Others
By Region
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East & Africa
Key Questions Addressed by the Report
- What are the Key Opportunities in Global Lamination Adhesives for Flexible Packaging Market?
- What will be the growth rate from 2020 to 2027?
- Which segment/region will have highest growth?
- What are the factors that will impact/drive the Market?
- What is the competitive Landscape in the Industry?
- What is the role of key players in the value chain?
Global Lamination Adhesives for Flexible Packaging Market TOC
1 Introduction
1.1 Objective of the Study
1.2 Market definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
3 Executive Summary
4 Global Lamination Adhesives for Flexible Packaging Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Global Lamination Adhesives for Flexible Packaging Market, By Product Type
5.1 Y-o-Y Growth Comparison, By Product Type
5.2 Global Lamination Adhesives for Flexible Packaging Market Share Analysis, By Product Type
5.3 Global Lamination Adhesives for Flexible Packaging Market Size and Forecast, By Product Type
5.3.1 Water-Based
5.3.2. Hot/Cold Seal
5.3.3. Solvent Less
5.3.4. Solvent Based
6 Global Lamination Adhesives for Flexible Packaging Market, By End User
6.1 Y-o-Y Growth Comparison, By End User
6.2 Global Lamination Adhesives for Flexible Packaging Market Share Analysis, By End User
6.3 Global Lamination Adhesives for Flexible Packaging Market Size and Forecast, By End User
6.3.1 Food Packaging
6.3.2 Medical Packaging
6.3.3. Industrial Packaging
6.3.4. Others
7 Global Lamination Adhesives for Flexible Packaging Market, By Region
7.1 Global Lamination Adhesives for Flexible Packaging Market Share Analysis, By Region
7.2 Global Lamination Adhesives for Flexible Packaging Market Share Analysis, By Region
7.3 Global Lamination Adhesives for Flexible Packaging Market Size and Forecast, By Region
8 North America Lamination Adhesives for Flexible Packaging Market Analysis and Forecast (2021-2027)
8.1 Introduction
8.2 North America Lamination Adhesives for Flexible Packaging Market Share Analysis, By Product
8.3 North America Lamination Adhesives for Flexible Packaging Market Size and Forecast, By End User
8.5 North America Lamination Adhesives for Flexible Packaging Market Size and Forecast, By Country
8.5.1 U.S.
8.5.2 Canada
8.5.3 Mexico
9 Europe Lamination Adhesives for Flexible Packaging Market Analysis and Forecast (2021-2027)
9.1 Introduction
9.2 Europe Lamination Adhesives for Flexible Packaging Market Share Analysis, By Product
9.3 Europe Lamination Adhesives for Flexible Packaging Market Size and Forecast, By End User
9.5 Europe Lamination Adhesives for Flexible Packaging Market Size and Forecast, By Country
9.5.1 Germany
9.5.2 France
9.5.3 UK
9.54. Rest of Europe
10 Asia Pacific Lamination Adhesives for Flexible Packaging Market Analysis and Forecast (2021-2027)
10.1 Introduction
10.2 Asia Pacific Lamination Adhesives for Flexible Packaging Market Share Analysis, By Product
10.3 Asia Pacific Lamination Adhesives for Flexible Packaging Market Size and Forecast, By End User
10.5 Asia Pacific Lamination Adhesives for Flexible Packaging Market Size and Forecast, By Country
10.5.1 China
10.5.2 Japan
10.5.3 India
10.5.4. Rest of Asia Pacific
11 Latin America Lamination Adhesives for Flexible Packaging Market Analysis and Forecast (2021-2027)
11.1 Introduction
11.2 Latin America Lamination Adhesives for Flexible Packaging Market Share Analysis, By Product
11.3 Latin America Lamination Adhesives for Flexible Packaging Market Size and Forecast, By End User
11.5 Latin America Lamination Adhesives for Flexible Packaging Market Size and Forecast, Country
11.5.1. Brazil
11.5.2. Rest of Latin America
12 Middle East Lamination Adhesives for Flexible Packaging Market Analysis and Forecast (2021-2027)
12.1 Introduction
12.2 Middle East Lamination Adhesives for Flexible Packaging Market Share Analysis, By Product
12.3 Middle East Lamination Adhesives for Flexible Packaging Market Size and Forecast, By End User
12.5 Middle East Lamination Adhesives for Flexible Packaging Market Size and Forecast, By Country
12.65.1. Saudi Arabia
12.5.2. UAE
12.5.3. Egypt
15.5.4. Kuwait
12.5.5. South Africa
13 Competitive Analysis
13.1 Competition Dashboard
13.2 Market share Analysis of Top Vendors
13.3 Key Development Strategies
14Company Profiles
14.1 H.B. Fuller
14.1.1 Overview
14.1.2 Offerings
14.1.3 Key Financials
14.1.4 Business Segment & Geographic Overview
14.1.5 Key Market Developments
14.1.6 Key Strategies
14.2. Henkel AG & Co. KgaA
14.2.1 Overview
14.2.2 Offerings
14.2.3 Key Financials
14.2.4 Business Segment & Geographic Overview
14.2.5 Key Market Developments
14.2.6 Key Strategies
14.3. 3M
14.3.1 Overview
14.3.2 Offerings
14.3.3 Key Financials
14.3.4 Business Segment & Geographic Overview
14.3.5 Key Market Developments
14.3.6 Key Strategies
14.4 Flint Group
14.4.1 Overview
14.4.2 Offerings
14.4.3 Key Financials
14.4.4 Business Segment & Geographic Overview
14.4.5 Key Market Developments
14.4.6 Key Strategies
14.5 The Dow Chemical Company
14.5.1 Overview
14.5.2 Offerings
14.5.3 Key Financials
14.5.4 Business Segment & Geographic Overview
14.5.5 Key Market Developments
14.5.6 Key Strategies
14.6 Arkema Group
14.6.1 Overview
14.6.2 Offerings
14.6.3 Key Financials
14.6.4 Business Segment & Geographic Overview
14.6.5 Key Market Developments
14.6.6 Key Strategies
14.7 Ashland Inc
14.7.1 Overview
14.7.2 Offerings
14.7.3 Key Financials
14.7.4 Business Segment & Geographic Overview
14.7.5 Key Market Developments
14.7.6 Key Strategies
14.8 COIM Group
14.8.1 Overview
14.8.2 Offerings
14.8.3 Key Financials
14.8.4 Business Segment & Geographic Overview
14.8.5 Key Market Developments
14.8.6 Key Strategies
14.9 Morchem
14.9.1 Overview
14.9.2 Offerings
14.9.3 Key Financials
14.9.4 Business Segment & Geographic Overview
14.9.5 Key Market Developments
14.9.6 Key Strategies
14.10 DIC Corporation
14.10.1 Overview
14.10.2 Offerings
14.10.3 Key Financials
14.10.4 Business Segment & Geographic Overview
14.10.5 Key Market Developments
14.10.6 Key Strategies
14.11 Chemline India Ltd
14.11.1 Overview
14.11.2 Offerings
14.11.3 Key Financials
14.11.4 Business Segment & Geographic Overview
14.11.5 Key Market Developments
14.11.6 Key Strategies