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| Lamination Adhesives For Flexible Packaging Market |
Lamination Adhesives Are Used To Bond Or Adhere Different Substrates Such As Paper And Paperboard, Aluminum Foil And Films Of Flexible Plastic. They Are Used To Manufacture Flexible Packaging Products That Provide Ease Of Opening, Enhanced Shelf Life And Portability For Packaged Food. The Adoption Of Lamination Adhesives In Food Packaging Is Driven By The Need For Barrier Films And Laminates That Protect Contents From External Factors Such As Moisture, Gases, Light And Microbial Activity. The Global Flexible Packaging Industry Has Witnessed Rapid Growth Owing To Increasing Consumption Of Packaged Food And Ready-To-Eat Meals Around The World. Rise In Disposable Incomes And Busy Lifestyle Of Consumers Are Prompting Higher Dependence On Pre-Packaged Food Products For Their Daily Nutrition Needs.
The Global Lamination
Adhesives For Flexible Packaging Market Is Estimated To Be Valued At US$ 2.88 Bn In 2024 And Is Expected To
Exhibit A CAGR Of 12.% Over The
Forecast Period 2024 To 2030.
Key Takeaways
Key Players Operating In The Lamination Adhesives For Flexible Packaging Are Henkel
AG, The Dow Chemicals Company H.B. Fuller Company. Bostik SA, And Vimasco
Corporation.
Key Opportunities In Lamination Adhesives Market Include The Scope For
Developing Intelligent And Active Packaging Adhesives Made From Renewable
Sources. Adoption Of Bio-Based Adhesives Would Help Reduce Reliance On
Crude-Oil Derived Adhesives And Support Sustainable Production Of Flexible
Packaging.
Growing Global Trade Of Packaged Food As Well As Expansion Of Retail And
E-Commerce Sectors In Emerging Nations Of Asia Pacific And Latin America Will
Continue To Drive Demand For Flexible Packaging Laminates And Lamination
Adhesives In The Coming Years.
Market Drivers
Rise In Consumption Of Packaged Food And Ready Meals: Changing Consumer
Lifestyles And Increased Disposable Incomes Are Fueling Higher Demand For
Packaged Food Products With Longer Shelf Life Across Regions. This Is A Key
Factor Propelling Lamination Adhesives Market.
Stringent Regulations Regarding Food Safety: Government Regulations Mandating
The Adoption Of Barrier Packaging For Perishable Food Products To Prevent
Contamination And Extend Shelf Life Are Boosting Lamination Adhesives Market.
Market Restraints
Volatility In Raw Material Prices: Fluctuations In Crude Oil Prices Leading To
Supply And Price Variations Of Polymer Resins And Solvents Used As Raw
Materials In Lamination Adhesives Production Can Inhibit Market Potential.
Environmental Concerns Regarding Adhesive Residues: Presence Of Residues Of
Solvent-Based Lamination Adhesives In Food Packaging Waste Is An Issue Being
Addressed By Shifting To Bio-Based And Water-Based Adhesives.
Segment Analysis
The Lamination
Adhesives For Flexible Packaging Market Demand Can Be Segmented Into Water-Based And Solvent
Based On The Basis Of Technology. The Water-Based Segment Currently Dominates
The Market As It Offers Better Performance Over Solvent-Based Adhesives In
Terms Of Low Odour, High Bond Strength And Non-Toxicity. It Meets Stringent
Regulatory Norms Regarding VOC Emissions. Water-Based Lamination Adhesives Are
Suitable For Food Packaging Which Requires FDA Approval.
Global Analysis
North America Currently Dominates The Lamination Adhesives For Flexible
Packaging Market Owing To Strong Demand From End-Use Industries Like Food And
Beverage. The Growth Of The Packaging Industry Driven By Changing Consumer
Preferences For Packaged And Preprocessed Food Drives The Market In The Region.
Asia Pacific Is Expected To Be The Fastest Growing Market During The Forecast
Period Driven By Rising Disposable Income, Growing Middle Class Population And
Their Inclination Towards Packaged Food Products. China Dominates The Regional
Market Due To Presence Of Flourishing Packaging Industry In The Country. Rapid Industrialization
Along With Growth Of Food Processing Industry Augments The Demand For Flexible
Packaging In India And Other Asian Countries.
For more insights, read- Lamination
Adhesives For Flexible Packaging Market
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