Global Laminating Adhesives Market Report and Forecast 2024-2032

Global Laminating Adhesives Market Outlook

The global laminating adhesives market is expected to grow in the forecast period of 2024-2032 at a CAGR of 6.10%.

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Increasing Demand for Flexible Packaging Boosting the Market Growth of Laminating Adhesives

The market is being driven by the rising demand for flexible packaging. This could be attributed to the inflating disposable incomes, growing middle-class population, and changing lifestyle. Further, the strict environmental regulations are boosting the water-based segment of laminating adhesives industry.

Their use is rising due to increasing concern about the generation of waste and emissions. The water-based variants of laminating adhesives are also being used for high-performance laminations and one-part systems for applications related to outdoor in the automotive sector. In addition, the thriving food and beverage sector, coupled with increasing awareness about the various health benefits of consuming properly packaged food and beverages is expected to boost the market over the forecast period.

Laminating Adhesives Market Segmentation

Laminating adhesives refer to adhesives deployed in the development of films with superior properties. They have high peel strength, excellent durability and stability, as well as high-tunnelling resistance, due to which they are widely utilised in flexible packaging applications. Moreover, laminating adhesives find their applications in the manufacturing of industrial fabrics and cable wraps, among others.

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The major types of laminating adhesives are:

• Solvent-borne
• Water-borne
• Solvent-less
• Others

The market can be broadly categorised on the basis of its applications into:

• Packaging
  • Food Packaging
  • Medical Packaging
  • Others 
• Industrial
• Transportation
• Others

The EMR report looks into the regional markets of laminating adhesives like North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

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Growing Preference for Consumption of Packaged Food is Expected to Fuel the Market Growth

Healthcare is one of the major application sectors of the laminating adhesives industry. This is supported by the increasing population with a rise in the geriatric population. Further, the growing production facilities and capacities in the consumer goods, medical, and automotive sectors, are likely to provide a boost to the market growth. Further, the rising demand for packaged foods in personal care products has augmented the market growth. This rising demand for packaged goods has led numerous food and beverage MNCs to set up their manufacturing facilities in multiple locations, which has resulted in an increasing demand for packaging and boosting the demand for laminating adhesives. Factors like rising disposable income, changing lifestyles, and growing middle-class population is expected to catalyse market growth.  The growing concerns regarding plastic disposal and implementation of strict regulatory policies may act as constraints for the market growth.

Key Industry Players in the Global Laminating Adhesives Market

The report presents a detailed analysis of the following key players in the global laminating adhesives market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:

• Henkel AG and Co. KGaA
• 3M Company
• Evonik Industries AG
• DIC India Limited
• DuPont de Nemours, Inc.
• Others

The comprehensive report looks into the macro and micro aspects of the industry. The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.

Key Highlights of the Report