Lamination Adhesives For Flexible Packaging Market Size and Trends

Lamination Adhesives For Flexible Packaging Market, by Product Type (Water-Based, Hot/Cold Seal, Solvent Less, and Solvent Based), by End User (Food Packaging, Medical Packaging, Industrial Packaging, and Others), and by Region (North America, Latin America, Europe, Asia Pacific, and Middle East and Africa)

Published In : Jul 2023

Code : CMI3868

Pages :120

Formats :

Excel and PDF

Industry : Packaging

Lamination Adhesives For Flexible Packaging MarketSize and Trends

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.