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Laminating Adhesives Market Size (2024 - 2029)

The laminating adhesives market is experiencing growth, driven by increased demand from the packaging and transportation sectors, particularly in the food and beverage industry. Despite challenges such as environmental concerns over plastic disposal and the limitations of water-based adhesives, the market is expanding, with the packaging industry leading this growth. The Asia-Pacific region, especially countries like China and India, holds a significant share of the market, reflecting its dominant consumption patterns.

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Market Size of Laminating Adhesives Industry

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Laminating Adhesives Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
CAGR > 6.00 %
Fastest Growing Market Asia Pacific
Largest Market Asia Pacific
Market Concentration High

Major Players

Laminating Adhesives Market Major Players

*Disclaimer: Major Players sorted in no particular order
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Laminating Adhesives Market Analysis

The Global Laminating Adhesives Market is projected to register a CAGR of more than 6% during the forecast period.

The Covid pandemic negatively affected the current studies market. However, post covid pandemic, the rising demand for adhesive laminates from packaging and transportation helped revive the market for adhesive laminates. Over the short term, the increasing demand for packed food from the food and beverage industry is expected to drive the market's growth.

  • On the flip side, growing concerns regarding plastic disposal and performance limitations of water-based adhesives are expected to hinder the growth of the market studied.
  • The packaging industry dominated the market and is expected to grow during the forecast period, owing to the increasing demand for flexible packaging in the food and beverage industry.
  • Asia-Pacific dominated the market across the world, with the largest consumption from the countries such as China and India.

Laminating Adhesives Industry Segmentation

Laminating adhesives are thin layers of adhesive set on release paper. Once the adhesive is applied, the paper is stripped away, leaving the adhesive bonded to the component's surface. The laminating adhesives market is segmented by type, application, and geography. The market is segmented by type: solvent-borne, water-borne, solvent-less, and other types. By application, the market is segmented into packaging, industrial, transportation, and other applications. The report offers market size and forecasts for 15 countries across major regions. For each segment, market sizing and forecasts have been done based on revenue (USD million).

Type
Solvent-borne
Water-borne
Solvent-less
Other Types (UV and EB)
Application
Packaging
Food Packaging
Medical Packaging
Other Packaging
Industrial
Transportation
Other Applications
Geography
Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
Italy
France
Rest of Europe
South America
Brazil
Argentina
Rest of South America
Middle-East and Africa
Saudi Arabia
South Africa
Rest of Middle-East and Africa
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Laminating Adhesives Market Size Summary

The laminating adhesives market is poised for significant growth, driven by the increasing demand for flexible packaging, particularly in the food and beverage sector. This growth is largely attributed to the shift from rigid to flexible packaging, which offers advantages such as lightweight, easy handling, and better printability. The packaging industry, a major consumer of laminating adhesives, is expanding due to the rising need for convenient and durable packaging solutions. The Asia-Pacific region, led by countries like China and India, dominates the global market, fueled by robust manufacturing activities and a growing middle-class population. The region's focus on food safety and quality, especially in the post-pandemic era, further bolsters the demand for laminating adhesives as the food processing industry continues to thrive.

Despite the positive outlook, the market faces challenges such as environmental concerns over plastic disposal and the limitations of water-based adhesives. However, the ongoing demand for packaged foods and the establishment of manufacturing facilities by multinational companies in various regions are expected to sustain market growth. The market is consolidated, with key players like Henkel AG & Co. KGaA, Arkema Group, and 3M leading the industry. Innovations, such as Toyo-Morton, Ltd.'s development of solvent-free laminating adhesive systems, highlight the industry's commitment to meeting evolving market needs. As the demand for flexible packaging continues to rise, the laminating adhesives market is anticipated to experience substantial growth during the forecast period.

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Laminating Adhesives Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Drivers

      1. 1.1.1 Rapid Growth in the Flexible Packaging Industry

      2. 1.1.2 Increasing Demand for Packed Food from the Food and Beverage Industry

    2. 1.2 Restraints

      1. 1.2.1 Performance Limitations of Water Based Adhesives

      2. 1.2.2 Growing Concerns Regarding Plastic Disposal

    3. 1.3 Industry Value-Chain Analysis

    4. 1.4 Porter's Five Forces Analysis

      1. 1.4.1 Bargaining Power of Suppliers

      2. 1.4.2 Bargaining Power of Consumers

      3. 1.4.3 Threat of New Entrants

      4. 1.4.4 Threat of Substitute Products and Services

      5. 1.4.5 Degree of Competition

  2. 2. MARKET SEGMENTATION (Revenue in USD Million)

    1. 2.1 Type

      1. 2.1.1 Solvent-borne

      2. 2.1.2 Water-borne

      3. 2.1.3 Solvent-less

      4. 2.1.4 Other Types (UV and EB)

    2. 2.2 Application

      1. 2.2.1 Packaging

        1. 2.2.1.1 Food Packaging

        2. 2.2.1.2 Medical Packaging

        3. 2.2.1.3 Other Packaging

      2. 2.2.2 Industrial

      3. 2.2.3 Transportation

      4. 2.2.4 Other Applications

    3. 2.3 Geography

      1. 2.3.1 Asia-Pacific

        1. 2.3.1.1 China

        2. 2.3.1.2 India

        3. 2.3.1.3 Japan

        4. 2.3.1.4 South Korea

        5. 2.3.1.5 Rest of Asia-Pacific

      2. 2.3.2 North America

        1. 2.3.2.1 United States

        2. 2.3.2.2 Canada

        3. 2.3.2.3 Mexico

      3. 2.3.3 Europe

        1. 2.3.3.1 Germany

        2. 2.3.3.2 United Kingdom

        3. 2.3.3.3 Italy

        4. 2.3.3.4 France

        5. 2.3.3.5 Rest of Europe

      4. 2.3.4 South America

        1. 2.3.4.1 Brazil

        2. 2.3.4.2 Argentina

        3. 2.3.4.3 Rest of South America

      5. 2.3.5 Middle-East and Africa

        1. 2.3.5.1 Saudi Arabia

        2. 2.3.5.2 South Africa

        3. 2.3.5.3 Rest of Middle-East and Africa

Laminating Adhesives Market Size FAQs

The Laminating Adhesives Market is projected to register a CAGR of greater than 6% during the forecast period (2024-2029)

Ashland, 3M, Henkel AG & Co. KGaA, Arkema and Dowdupont Inc are the major companies operating in the Laminating Adhesives Market.

Laminating Adhesives Market Report Snapshots

Laminating Adhesives Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)