Report Description

Global Laminating Adhesives market is anticipated to grow significantly through 2028 due to increasing demand for flexible packaging. In 2019, the total value of the U.S. flexible packaging industry amounted to around USD 34 billion.

Global Laminating Adhesives market is expected to expand during the projected period due to increasing demand for flexible packaging as it has a longer shelf life and provides safety to products. The growing environmental awareness and paradigm shift toward more sustainable and eco-friendly alternatives as well as the growing trend to minimize plastic usage and adopt sustainable alternative solutions in the packaging industry are further expected to drive market growth. 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. Additional benefits provided by laminating adhesives include flame resistance, chemical resistance, thermoforming ability, and gas permeability reduction. Besides, growing demand from the automotive industry, where they are used in interiors and on the exterior body of cars to provide a shiny finish to luxury cars. Thus, increasing production and sales of premium cars is expected to boost the growth of laminating adhesives market during the forecast period.

For instance, Jowat SE developed a non-hazardous multipurpose adhesive by the brand name of Jowatherm-Reaktant MR for laminating automotive interiors in 3D processes.

Furthermore, the increasing demand from the pharmaceuticals, construction sector, and others are the crucial factors that propel the market’s growth. In addition, various companies and research organizations operating in the market also focus on developing eco-friendly products. This, in turn, is expected to create huge prospects for market growth in the upcoming years.

Development of Flexible Packaging

Flexible packaging is a technique for enclosing goods in non-rigid materials, allowing for more affordable and adaptable solutions. Food and beverage, personal care, and pharmaceutical sectors employ flexible packaging. According to the Flexible Packaging Association, approximately 2/3 of all packaging is for food & beverages, and about 90% of flexible packaging is used for these products. Customers are drawn to packaging that offers ease, product safety, and longer shelf life, according to research by the Flexible Packaging Association. More flexible packaging that is easier to store, easier to reseal, easier to open, and has a longer shelf life is preferred by 60% of consumers. Adhesive laminating is a crucial component of flexible packaging. Therefore, the growth of flexible packaging is proving to be a market booster for the Laminating Adhesives market size.

For instance, Henkel produced Laminating Adhesive with the brand name LOCTITE which provides solutions for the flexible packaging industry.

Increasing Focus on Sustainability

Solvent-free laminating adhesives have become increasingly popular in recent years. Due to the lack of a solvent, these adhesives don't release any volatile organic compounds (VOCs) into the atmosphere. As a result, solvent-free lamination serves as the foundation for sustainability. It's important to be recyclable. The correct adhesive can guarantee consumer safety and the necessary performance for food protection during the mechanical recycling of multi-layer flexible structures without degrading the quality of the recycled material.

For instance, Bostik provides a laminating adhesive that has been completely approved by RecyClass as compliant with the polyethylene film recycling stream.

With the growing concern over the environmental impact of plastic waste, many developed and developing countries along with several governments and non-government organizations worldwide are promoting the use of sustainable packaging solutions. Laminating adhesives are widely used in sustainable packaging solutions, such as compostable and biodegradable packaging materials, to provide excellent bonding strength and ensure the product’s safety and quality. In Europe, the packaging business is being driven toward sustainability by regulatory reforms brought about by the new Green Deal, laws banning single-use plastics, and associated rules.

For instance, in 2021, the UK government announced plans to outlaw single-use plastic plates, cups, and silverware in England to combat plastic pollution.

Additionally, with the increasing trend of online shopping, many e-commerce companies such as amazon, flip kart, etc. play a vital role. The demand for laminating adhesives in the e-commerce sector is driven by the increasing use of flexible packaging solutions and the need for better product protection during shipping and handling. Laminating adhesives are used extensively in e-commerce packaging to provide excellent barrier properties and ensure the product’s safety and quality.

For instance, H.B. Fuller provides perfecting adhesives and sealants for E-Commerce packaging solutions

All these factors are anticipated to the substantial growth of Global Laminating Adhesives market in the forecast years.


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Water Based will be the key Technology

Water-based adhesives are a type of adhesive that uses water as the primary solvent or carrier for the active ingredients. These adhesives are becoming increasingly popular due to their environmentally friendly nature, low VOC emissions, and ability to bond with a wide variety of materials. Vinyl acetate, ethylene vinyl acetate, and acrylic resins are the main ingredients of water-based laminating adhesives. These adhesives may be applied to the foil, paper, and a variety of film substrates. Water Based Adhesive can be formulated to be very strong & fast setting and bond to a variety of porous and non-porous substrates including UV, Clay Coated, and  SBS Papers,  Films,  Foils,  Woods,  Plastics,  Corrugated material, and Coated board. Fast cure times and minimal foaming characteristics are offered by water-based laminating adhesives. Increasing utilization of water-based laminating adhesives as per FDA regulation for food & beverage packaging applications, such as bottle labels, snack food packaging, boil-in-bag, and microwave packages, drive the growth of Global Laminating Adhesives market in the projected period.

For instance, Cattie Adhesives manufactures a full line of water-based adhesive for most industrial applications.

However, the laminating adhesives are produced from raw materials such as resin including polyurethane, acrylic, and others as well as solvents, which are derived from crude oil. The price of crude oil is subject to fluctuations due to various geopolitical and economic factors resulting in volatility in the price of raw materials. The volatility of raw material prices can significantly impact the profitability of laminating adhesive manufacturers, making it challenging to plan and forecast production costs accurately. Along with this, the presence of a large number of global and regional market players provides high competition resulting in pricing pressures, leading to reduced profit margins for manufacturers. To sustain in the market, manufacturers must continually invest in research and development to develop innovative and sustainable adhesive solutions that meet the changing demands of customers which further increases investment in R&D resulting in increases in the cost of materials slowing down the market growth. Moreover, the generation of new technologies such as laser bonding and ultrasonic bonding, are emerging as alternatives to traditional laminating adhesives. These new technologies offer several advantages over traditional laminating adhesives, including higher bonding strength, improved productivity, and reduced material waste. Manufacturers must adapt to these advancements by investing in new technologies or risk being left behind by their competitors which further restrains the market growth.

Recent Developments

  • In August 2022, Toyo-Morton, Ltd. launched the new ECOAD series of polyurethane solvent-free laminating adhesive systems for the food packaging and industrial markets, primarily in Asia.
  • SONGWON developed new solvent-free laminating adhesives HI-THANE A-7363 + HI-THANE A-6600 for flexible packaging laminates in July 2022.
  • In June 2022, Toyo-Morton, Ltd. developed new bio-based laminating adhesives for dry lamination of films in flexible packaging.
  • Sun Chemical, a major player in the inks and pigments industry, established a partnership with Hewlett-Packard (HP). With an HP Indigo digital press and a new solventless lamination product from Sun Chemicals. The joint venture hopes to introduce environment-friendly flexible packaging in March 2022.
  • Nordmeccanica, a major provider of lamination equipment worldwide, and Bostik, the adhesive solutions division of Arkema, have inked a purchase agreement in November 2021. With the money from the deal, Bostik will be able to expand both its worldwide reach and its research and development efforts for mastering flexible lamination. The firm will also be able to purchase the furnishings for a cutting-edge, commercial laminator.

Market Segmentation

Global Laminating Adhesives Market is segmented based on resin type, technology, application, and region. Based on resin type, the market is categorize into polyurethane, acrylic, and others. Based on technology, the market is further split into solvent-based, water-based, and others. Based on application, the market is fabricated into packaging, automotive, industrial, construction, and others. Based on region, the market is divided into North America, Europe, Asia Pacific, South America, Middle East & Africa.

Company Profiles

3M Co., Henkel AG & Co KGaA, HB Fuller Co., Bostik SA, Morchem SA, Ashland Inc., Sun Chemical Corp., Flint Group GmbH, Coim USA Inc., Vimasco Corp. are some of the key players of the Global Laminating Adhesives Market.

Attribute

Details

Base Year

2022

Historic Data

2018 – 2021

Estimated Year

2023

Forecast Period

2024 – 2028

Quantitative Units

Revenue in USD Million, Volume in Metric Tonnes, and CAGR for 2018-2022 and 2023-2028

Report coverage

Revenue forecast, volume forecast, company share, competitive landscape, growth factors, and trends

Segments covered

Resin Type

Technology

Application

Regional scope

North America, Europe, Asia Pacific, South America, Middle East & Africa

Country scope

United States, Mexico, Canada, France, Germany, United Kingdom, Spain, Italy, Poland, Russia, China, India, South Korea, Japan, Indonesia, Vietnam, Australia, Brazil, Argentina, South Africa, Saudi Arabia, UAE

Key companies profiled

3M Co., Henkel AG & Co KGaA, HB Fuller Co., Bostik SA, Morchem SA, Ashland Inc., Sun Chemical Corp., Flint Group GmbH, Coim USA Inc., Vimasco Corp.

Customization scope

10% free report customization with purchase. Addition or alteration to country, regional & segment scope.

Pricing and purchase options

Avail customized purchase options to meet your exact research needs. Explore purchase options

Delivery Format

PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

Report Scope:

In this report, the global laminating adhesives market has been segmented into the following categories, in addition to the industry trends, which have also been detailed below:

  • Laminating Adhesives Market, By Resin Type:
    • Polyurethane
    • Acrylic
    • Others
  • Laminating Adhesives Market, By Technology:
    • Solvent-Based
    • Water-Based
    • Others
  • Laminating Adhesives Market, By Application:
    • Packaging
    • Automotive
    • Industrial
    • Construction
    • Others
  • Laminating Adhesives Market, By Region:
    • North America
      • United States
      • Mexico
      • Canada
    • Europe
      • France
      • Germany
      • United Kingdom
      • Spain
      • Italy
      • Poland
      • Russia
    • Asia-Pacific
      • China
      • India
      • South Korea
      • Japan
      • Indonesia
      • Vietnam
      • Australia
    • South America
      • Brazil
      • Argentina
    • Middle East & Africa
      • South Africa
      • Saudi Arabia
      • UAE

Competitive landscape

Company Profiles: Detailed analysis of the major companies in the global laminating adhesives market.

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).

Global Laminating Adhesives Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

1.    Product Overview

1.1.  Market Definition

1.2.  Scope of the Market

1.2.1.    Markets Covered

1.2.2.    Years Considered for Study

1.2.3.    Key Market Segmentations

2.    Research Methodology

2.1.  Objective of the Study

2.2.  Baseline Methodology

2.3.  Key Industry Partners

2.4.  Major Association and Secondary Sources

2.5.  Forecasting Methodology

2.6.  Data Triangulation & Validation

2.7.  Assumptions and Limitations

3.    Executive Summary

3.1.  Overview of the Market

3.2.  Overview of Key Market Segmentations

3.3.  Overview of Key Market Players

3.4.  Overview of Key Regions/Countries

3.5.  Overview of Market Drivers, Challenges, Trends

4.    Voice of Customer

5.    Global Laminating Adhesives Market Outlook

5.1.  Market Size & Forecast

5.1.1.    By Value & Volume

5.2.  Market Share & Forecast

5.2.1.    By Resin Type (Polyurethane, Acrylic, Others)

5.2.2.    By Technology (Solvent-Based, Water-Based, Others)

5.2.3.    By Application (Packaging, Automotive, Industrial, Construction, Others)

5.2.4.    By Region (North America, Europe, Asia Pacific, South America, Middle East &     Africa)

5.2.5.    By Company (2022)

5.3.  Market Map

5.3.1.    By Resin Type

5.3.2.    By Technology

5.3.3.    By Application

5.3.4.    By Region

6.    North America Laminating Adhesives Market Outlook

6.1.  Market Size & Forecast       

6.1.1.    By Value & Volume

6.2.  Market Share & Forecast

6.2.1.    By Resin Type

6.2.2.    By Technology

6.2.3.    By Application

6.2.4.    By Country

6.3.  Pricing Analysis

6.4.  North America: Country Analysis

6.4.1.    United States Laminating Adhesives Market Outlook

6.4.1.1.        Market Size & Forecast

6.4.1.1.1.           By Value & Volume

6.4.1.2.        Market Share & Forecast

6.4.1.2.1.           By Resin Type

6.4.1.2.2.           By Technology

6.4.1.2.3.           By Application

6.4.2.    Mexico Laminating Adhesives Market Outlook

6.4.2.1.        Market Size & Forecast

6.4.2.1.1.           By Value & Volume

6.4.2.2.        Market Share & Forecast

6.4.2.2.1.           By Resin Type

6.4.2.2.2.           By Technology

6.4.2.2.3.           By Application

6.4.3.    Canada Laminating Adhesives Market Outlook

6.4.3.1.        Market Size & Forecast

6.4.3.1.1.           By Value & Volume

6.4.3.2.        Market Share & Forecast

6.4.3.2.1.           By Resin Type

6.4.3.2.2.           By Technology

6.4.3.2.3.           By Application

7.    Europe Laminating Adhesives Market Outlook

7.1.  Market Size & Forecast       

7.1.1.    By Value & Volume

7.2.  Market Share & Forecast

7.2.1.    By Resin Type

7.2.2.    By Technology

7.2.3.    By Application

7.2.4.    By Country

7.3.  Pricing Analysis

7.4.  Europe: Country Analysis

7.4.1.    France Laminating Adhesives Market Outlook

7.4.1.1.        Market Size & Forecast

7.4.1.1.1.           By Value & Volume

7.4.1.2.        Market Share & Forecast

7.4.1.2.1.           By Resin Type

7.4.1.2.2.           By Technology

7.4.1.2.3.           By Application

7.4.2.    Germany Laminating Adhesives Market Outlook

7.4.2.1.        Market Size & Forecast

7.4.2.1.1.           By Value & Volume

7.4.2.2.        Market Share & Forecast

7.4.2.2.1.           By Resin Type

7.4.2.2.2.           By Technology

7.4.2.2.3.           By Application

7.4.3.    United Kingdom Laminating Adhesives Market Outlook

7.4.3.1.        Market Size & Forecast

7.4.3.1.1.           By Value & Volume

7.4.3.2.        Market Share & Forecast

7.4.3.2.1.           By Resin Type

7.4.3.2.2.           By Technology

7.4.3.2.3.           By Application

7.4.4.    Spain Laminating Adhesives Market Outlook

7.4.4.1.        Market Size & Forecast

7.4.4.1.1.           By Value & Volume

7.4.4.2.        Market Share & Forecast

7.4.4.2.1.           By Resin Type

7.4.4.2.2.           By Technology

7.4.4.2.3.           By Application

7.4.5.    Italy Laminating Adhesives Market Outlook

7.4.5.1.        Market Size & Forecast

7.4.5.1.1.           By Value & Volume

7.4.5.2.        Market Share & Forecast

7.4.5.2.1.           By Resin Type

7.4.5.2.2.           By Technology

7.4.5.2.3.           By Application

7.4.6.    Poland Laminating Adhesives Market Outlook

7.4.6.1.        Market Size & Forecast

7.4.6.1.1.           By Value & Volume

7.4.6.2.        Market Share & Forecast

7.4.6.2.1.           By Resin Type

7.4.6.2.2.           By Technology

7.4.6.2.3.           By Application

7.4.7.    Russia Laminating Adhesives Market Outlook

7.4.7.1.        Market Size & Forecast

7.4.7.1.1.           By Value & Volume

7.4.7.2.        Market Share & Forecast

7.4.7.2.1.           By Resin Type

7.4.7.2.2.           By Technology

7.4.7.2.3.           By Application

8.    Asia-Pacific Laminating Adhesives Market Outlook

8.1.  Market Size & Forecast       

8.1.1.    By Value & Volume

8.2.  Market Share & Forecast

8.2.1.    By Resin Type

8.2.2.    By Technology

8.2.3.    By Application

8.2.4.    By Country

8.3.  Pricing Analysis

8.4.  Asia-Pacific: Country Analysis

8.4.1.    China Laminating Adhesives Market Outlook

8.4.1.1.        Market Size & Forecast

8.4.1.1.1.           By Value & Volume

8.4.1.2.        Market Share & Forecast

8.4.1.2.1.           By Resin Type

8.4.1.2.2.           By Technology

8.4.1.2.3.           By Application

8.4.2.    India Laminating Adhesives Market Outlook

8.4.2.1.        Market Size & Forecast

8.4.2.1.1.           By Value & Volume

8.4.2.2.        Market Share & Forecast

8.4.2.2.1.           By Resin Type

8.4.2.2.2.           By Technology

8.4.2.2.3.           By Application

8.4.3.    South Korea Laminating Adhesives Market Outlook

8.4.3.1.        Market Size & Forecast

8.4.3.1.1.           By Value & Volume

8.4.3.2.        Market Share & Forecast

8.4.3.2.1.           By Resin Type

8.4.3.2.2.           By Technology

8.4.3.2.3.           By Application

8.4.4.    Japan Laminating Adhesives Market Outlook

8.4.4.1.        Market Size & Forecast

8.4.4.1.1.           By Value & Volume

8.4.4.2.        Market Share & Forecast

8.4.4.2.1.           By Resin Type

8.4.4.2.2.           By Technology

8.4.4.2.3.           By Application

8.4.5.    Indonesia Laminating Adhesives Market Outlook

8.4.5.1.        Market Size & Forecast

8.4.5.1.1.           By Value & Volume

8.4.5.2.        Market Share & Forecast

8.4.5.2.1.           By Resin Type

8.4.5.2.2.           By Technology

8.4.5.2.3.           By Application

8.4.6.    Vietnam Laminating Adhesives Market Outlook

8.4.6.1.        Market Size & Forecast

8.4.6.1.1.           By Value & Volume

8.4.6.2.        Market Share & Forecast

8.4.6.2.1.           By Resin Type

8.4.6.2.2.           By Technology

8.4.6.2.3.           By Application

8.4.7.    Australia Laminating Adhesives Market Outlook

8.4.7.1.        Market Size & Forecast

8.4.7.1.1.           By Value & Volume

8.4.7.2.        Market Share & Forecast

8.4.7.2.1.           By Resin Type

8.4.7.2.2.           By Technology

8.4.7.2.3.           By Application

9.    South America Laminating Adhesives Market Outlook

9.1.  Market Size & Forecast       

9.1.1.    By Value & Volume

9.2.  Market Share & Forecast

9.2.1.    By Resin Type

9.2.2.    By Technology

9.2.3.    By Application

9.2.4.    By Country

9.3.  Pricing Analysis

9.4.  South America: Country Analysis

9.4.1.    Brazil Laminating Adhesives Market Outlook

9.4.1.1.        Market Size & Forecast

9.4.1.1.1.           By Value & Volume

9.4.1.2.        Market Share & Forecast

9.4.1.2.1.           By Resin Type

9.4.1.2.2.           By Technology

9.4.1.2.3.           By Application

9.4.2.    Argentina Laminating Adhesives Market Outlook

9.4.2.1.        Market Size & Forecast

9.4.2.1.1.           By Value & Volume

9.4.2.2.        Market Share & Forecast

9.4.2.2.1.           By Resin Type

9.4.2.2.2.           By Technology

9.4.2.2.3.           By Application

10. Middle East and Africa Laminating Adhesives Market Outlook

10.1.             Market Size & Forecast        

10.1.1. By Value & Volume

10.2.             Market Share & Forecast

10.2.1. By Resin Type

10.2.2. By Technology

10.2.3. By Application

10.2.4. By Country

10.3.             Pricing Analysis

10.4.             MEA: Country Analysis

10.4.1. South Africa Laminating Adhesives Market Outlook

10.4.1.1.     Market Size & Forecast

10.4.1.1.1.         By Value & Volume

10.4.1.2.     Market Share & Forecast

10.4.1.2.1.         By Resin Type

10.4.1.2.2.         By Technology

10.4.1.2.3.         By Application

10.4.2. Saudi Arabia Laminating Adhesives Market Outlook

10.4.2.1.     Market Size & Forecast

10.4.2.1.1.         By Value & Volume

10.4.2.2.     Market Share & Forecast

10.4.2.2.1.         By Resin Type

10.4.2.2.2.         By Technology

10.4.2.2.3.         By Application

10.4.3. UAE Laminating Adhesives Market Outlook

10.4.3.1.     Market Size & Forecast

10.4.3.1.1.         By Value & Volume

10.4.3.2.     Market Share & Forecast

10.4.3.2.1.         By Resin Type

10.4.3.2.2.         By Technology

10.4.3.2.3.         By Application

11. Market Dynamics

11.1.             Drivers

11.1.1. Rapid growth in the Flexible Packaging Industry

11.1.2. Increasing demand from Food Industry

11.1.3. Rapid Improvement in Laminating Solvent Technology

11.2.             Challenges

11.2.1. Growing Concerns Regarding Disposal 

11.2.2. High Capital Cost and Energy Consumption

12. Market Trends & Developments

12.1.             Growing trend of Water-based & Solvent less adhesives

12.2.             Increasing demand from Construction Sector

13. Global Laminating Adhesives Market: SWOT Analysis

14.