Global Laminating Adhesives Market to Grow at a CAGR of 6.10% During 2024-2032, Aided by the Rising Use of Laminating Adhesives in Various End-Use Industries

The market is being propelled by the increasing demand for laminating adhesives in food and beverage packaging. As laminating adhesives can aid in the creation of extremely efficient packaging solutions, they are increasingly deployed in various applications, which is driving the market growth. In addition, the rising demand for flexible packaging in major industries is leading to a surge in the use of laminating adhesives, which is significantly contributing to the market growth. The increasing use of bio-based raw materials in lamination adhesives to boost their sustainability and biodegradability is expected to drive the growth of the market. Moreover, the growing focus on food hygiene, along with the introduction of various stringent measures regarding food safety, is increasing the use of laminating adhesives to prevent food contamination. Furthermore, the development of innovative methods to shorten production-to-consumer times while boosting lamination speed is predicted to propel the market for laminating adhesives in the forecast period.

DIC India Limited (NSE: DICIND), one of the leading companies in the market, launched DIC India Ink Master App, its first mobile application in India, in October 2020. With the launch, the company aims to digitise their businesses and interaction with consumers to future-proof services. The application lists down operational problems and solutions associated with news inks, lamination adhesives, and offset printing, among others. Such solutions are increasing the accessibility to innovative laminating adhesives and significantly contributing to the growth of the industry.

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Market Analysis by Type, Application, and Region:

• The market, on the basis of type, can be divided into solvent-borne, water-borne, and solvent-less, among others.
• Based on application, the industry can be divided into packaging, industrial, and transportation, among others.
• The regional markets for laminating adhesives include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Key Findings of the Report:

• The rising demand for sustainable packaging materials owing to the increasing concerns regarding rapid climate change is surging the use of laminating adhesives, which is augmenting the industry growth.
• The market is being aided by the growing awareness regarding the benefits of consuming packaged food products with sustainable packaging solutions, hence surging the use of laminating adhesives.
• The growing demand for packaged products by the emerging middle-class population is increasing the deployment of laminating adhesives, thereby driving the market growth.
• The increasing use of laminating adhesives in the healthcare industry for packaging applications is propelling the market for laminating adhesives.

Key Offerings of the Report:

• The EMR report gives an overview of the global market for laminating adhesives for the periods (2018-2023) and (2024-2032).
• The report also offers the historical (2018-2023) and forecast (2024-2032) markets for the types, applications, and major regions of laminating adhesives.
• The report analyses the market dynamics, covering the key demand and price indicators in the market, along with an assessment of the SWOT and Porter’s Five Forces models.

The major players in the global laminating adhesives market are Henkel AG & Co. KGaA, 3M Company, Evonik Industries AG, DIC India Limited, and DuPont de Nemours, Inc., among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.

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