LAMINATION ADHESIVES FOR FLEXIBLE PACKAGING MARKET ANALYSIS
The global lamination adhesives for flexible packaging Market is projected to reach US$ 4.1 Billion by the end of 2030, in terms of revenue, growing at CAGR of 7.3% during the forecast period (2023-2030).
Figure 2. Global Lamination Adhesives for Flexible Packaging Market Value Share (%), By Product Type, 2022
On the basis of product type, solvent based dominated the global lamination adhesives for flexible packaging market in 2021 with around 42% of market share in terms of revenue, followed by solvent less and heat/cold seal, respectively.
Market Trend
The growing demand for lamination adhesives from the automotive industry is projected to augment the market growth over the forecast period. Lamination adhesives provide strong bonding than conventional technology, which makes it ideal for automotive applications such as fenders, body panels, heat shields, Grille Opening Reinforcement (GOR), headlamp reflectors, and picks up boxes. Thus, the emerging applications of lamination adhesives across the automotive industry are expected to propel the market growth.
Lamination Adhesives For Flexible Packaging Market Report Snapshots
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