Increasing expenditure on packaged food in both developed and emerging nations is likely to drive the growth of the lamination adhesive for flexible packaging market. Throughout the projection period, developing markets such as the BRICS (Brazil, Russia, India, China, and South Africa) are expected to enjoy a rise in GDP (Gross Domestic Product) growth. This is predicted to boost the manufacturing industry, propelling the market growth of lamination adhesive for flexible packaging. The raw material consumption and supply are not likely to be significantly impacted globally as a result of the Need for packaging solutions increased throughout the epidemic. The high cost of adhesives owing to changing raw material prices utilised in the manufacture of lamination adhesive is projected to stymie the expansion of the flexible packaging lamination adhesive market. This is due to the spike in oil costs, which has impacted the manufacturing process. Increasing energy consumption concerns, since adhesive manufacture is an energy-intensive process, are projected to stymie market expansion. Also, the procedure is time-consuming, which is projected to limit the growth of the lamination adhesive for flexible packaging market.
According to Coherent Market Insights, Global Lamination Adhesives For Flexible Packaging Market was valued at US$ 2.1 Billion in 2021 in terms of revenue, exhibiting a CAGR of 5.5% during the forecast period (2022 to 2030).
Prominent Companies in the lamination adhesives for flexible packaging Industry:
1. H.B. Fuller
H.B. Fuller Company, together with its subsidiaries, formulates, manufactures, and markets adhesives, sealants, coatings, polymers, tapes, encapsulants, additives, and other specialty chemical products worldwide. H.B. Fuller Company was founded in 1887 and is headquartered in Saint Paul, Minnesota. The company operates through three segments: Hygiene, Health and Consumable Adhesives; Engineering Adhesives; and Construction Adhesives.
2. Henkel AG & Co. KgaA
Henkel AG & Co. KGaA, together with its subsidiaries, engages in the adhesive technologies, beauty care, and laundry and home care businesses worldwide. This segment markets its products primarily under the Persil, Bref, Purex, all, and other brands. Henkel AG & Co. KGaA was founded in 1876 and is headquartered in Düsseldorf, Germany.
3. The Dow Chemical Company
Dow Inc., through its subsidiaries, engages in the provision of various materials science solutions for packaging, infrastructure, mobility, and consumer applications in the United States, Canada, Europe, the Middle East, Africa, India, the Asia Pacific, and Latin America. It operates through Packaging & Specialty Plastics, Industrial Intermediates & Infrastructure, and Performance Materials & Coatings segments. Dow Inc. was incorporated in 2018 and is headquartered in Midland, Michigan.
4. 3M
3M Company provides diversified technology services in the United States and internationally. The company operates through four segments: Safety and Industrial; Transportation and Electronics; Health Care; and Consumer. 3M Company was founded in 1902 and is headquartered in St. Paul, Minnesota.
5. Flint Group
Flint Group is a privately-owned company that specializes in color management procedures, products, and services. The company focuses on the printing and packaging industries. It develops, manufactures, and markets an extensive portfolio of printing consumables and printing equipment. The company was founded in 2005 and is headquartered in Luxembourg, Luxembourg. In November 2022, Flint Group reaches $140M in revenue by rolling up plumbing and HVAC companies
6. Arkema Group
Arkema manufactures and supplies diversified chemicals. It offers industrial chemicals, including acrylic monomers, emulsion systems, fluorochemicals, fluoropolymers, functional additives, hydrogen peroxide, PMMA, specialty polyamides, and thiochemicals; coating solutions, such as acrylics, and coating resins and additives. The company is headquartered in France and founded in 2004. On March 28th 2023, Arkema hosted a leadership panel entitled "Sustainability and Market Transformation" where they joined by industry leaders Perstorp, PPG, the European Association of Chemical Distributors and OMYA, with their most talented experts in the field of sustainability. The Group will leverage its pioneering specialty resins and additives offering, and expertise in the lowest Volatile Organic Compound technologies*, to build solutions-oriented answers addressing sustainability, high performance, and anticipation on regulatory evolutions.
7. Ashland Inc.
Ashland Inc. provides additives and specialty ingredients worldwide. It operates through Life Sciences, Personal Care, Specialty Additives, and Intermediates segments. Ashland Inc. was founded in 1924 and is headquartered in Wilmington, Delaware. On March 2023, Ashland brought together a range of expert solvers and new product innovations during the European Coatings Show (ECS), in Nuremberg, Germany, hall 3, stand 3-460 to help manufacturers rethink their paint and coatings' formulations.
8. COIM Group
The company was founded in 1962, headquartered in New Jersey. Coim USA Inc. is a chemical firm dealing in esters, polyurethanes and other chemical specialty products.
9. DIC Corporation
DIC Corporation manufactures and sells printing inks, organic pigments, and polyphenylene sulfide (PPS) compounds worldwide. It operates through three segments: Packaging & Graphic, Color & Display, and Functional Products. DIC Corporation was founded in 1908 and is headquartered in Tokyo, Japan.
*Definition- Lamination adhesive is a sort of glue that binds materials together while also providing outstanding features such as chemical and heat resistance, flame resistance, optical clarity, thermoforming capabilities, and electrical insulation.
