The global lamination adhesives for flexible packaging market is predicted to grow at a CAGR of 6.6% during the forecast period (2020 to 2027).


Posted July 14, 2020 by shrushti

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.
 
Drivers

The growing demand for lamination adhesives with high bond strength from the healthcare industry is expected to accelerate market growth over the forecast period. Also, growth in the smart city projects across the Asia Pacific region coupled with the rise in the retail industry is also projected to foster the market growth of lamination adhesive for flexible packaging. Increasing demand for flexible packaging from the packaging industry is further projected to stimulate the market growth of lamination adhesive for flexible packaging.

Market Opportunities

Technological advancement and up gradations in the laminated adhesives are projected to augment the market growth of lamination adhesive for flexible packaging. For instance, in June 2017, Actega North America has announced the launch of a new UV laminating adhesive line to its diverse product portfolio for the labels market. This system, RAD-BOND, has been designed to laminate BOPP-to-BOPP and BOPP-to-paper. Thus, product innovation & up gradation will favor the market growth of lamination adhesive for flexible packaging over the forecast period.

Market Restraints

Strict regulations regarding the emissions as solvent-based lamination contain high VOC substances and are expected to restrict the market growth of the lamination adhesive for flexible packaging. Moreover, the performance limitation of water-based adhesives is further expected to hinder the market growth over the forecast period.

Key Takeaways

On the basis of application, food packaging dominated the global lamination adhesives for flexible packaging market in 2019 with around 64% of market share in terms of revenue, followed by medical packaging and industrial packaging, respectively,

READ MORE AT https://www.coherentmarketinsights.com/press-release/lamination-adhesives-for-flexible-packaging-market-3136

Market Trends

Strategic merger and acquisition by a major player in the market for regional as well as the global expansion is a major trend in the industry and this is expected to augment the market growth over the forecast period. For instance, in September 2017, H.B. Fuller Company announced that it has signed an agreement to buy Royal Adhesives & Sealants, a manufacturer of high-value specialty adhesives and sealants. Thus such initiatives by the major player will positively impact the market growth of lamination adhesive for flexible packaging

Growth in retail ecommerce sales has boosted the 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 ecommerce is projected to accelerate the market growth of lamination adhesive for flexible packaging.

Global Lamination Adhesives for Flexible Packaging Market - Impact of Coronavirus (Covid-19) Pandemic

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 the 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, outside China. This scenario is expected to fuel the production of raw materials use for packaging solutions in various countries across the globe.

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

3M

In April 2019, 3M announced it has added 3M Extended Wear Medical Transfer Adhesive, 4075 to its advanced adhesives portfolio for medical devices. It is designed to laminate many substrates, 3M medical transfer adhesive, 4075 features an extended wear pressure sensitive transfer adhesive and allows design engineers to use a variety of backings.
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Categories Agriculture , Food , Nutrition
Tags food packaging , industrial packaging , lamination adhesives for flexible packaging mrket
Last Updated July 14, 2020