Lamination Adhesives Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2031 - By Product, Technology, Grade, Application, End-user, Region: (North America, Europe, Asia Pacific, Latin America and Middle East and Africa)

Description

The global lamination adhesives market is projected to experience substantial growth from 2024 to 2032. The thriving food sector continues to be a driving force behind this expansion, with increasing demand from the healthcare and industrial sectors opening up new revenue opportunities.

Solvent-Based Lamination Adhesives to Lead Market Share

Solvent-based lamination adhesives are expected to maintain a significant market share throughout the forecast period due to their high demand. Particularly noteworthy is the rapid growth anticipated in the medical packaging sector by the end of 2031.

Challenges Amidst the Pandemic

While the COVID-19 pandemic has temporarily reduced demand, causing some limitations on market growth, the emergence of stagnant businesses across various industries has also had an inverse influence on market expansion. However, the Asia Pacific market, dominated by nations such as China and India, is poised for rapid growth in the coming years.

North America's Concentrated Market

North America boasts a high concentration of market players, which is expected to significantly expand the regional market. Manufacturers are actively exploring eco-friendly alternatives to gain a competitive edge. Leading players in the global market include 3M, COIM Group, Chemline India Ltd, The Dow Chemical Company, and Henkel AG & Co. KGaA.

Flexible Packaging Drives Demand

The flexible packaging industry has experienced tremendous growth in recent years and is expected to continue growing at a substantial rate. This growth is a key driver of the overall demand for lamination adhesives for flexible packaging. Factors such as shorter cure times, lower emissions, reduced wastage, and superior bond strength have contributed to the global expansion of these adhesives in the flexible packaging market. Additionally, the rising demand for packaged foods in healthcare and personal care products has further boosted market growth.

Eco-Friendly Initiatives and Market Consolidation

Government initiatives and increasing consumer awareness regarding eco-friendly adhesives have placed some limitations on market growth. Market consolidation has emerged as a prominent trend, with leading companies pursuing mergers and acquisitions to enhance their product portfolios and expand their global footprint. Solventless lamination adhesives are also gaining ground due to their eco-friendly nature.

Market Segmentation

The global lamination adhesives for flexible packaging market is segmented based on product type, end use, and region. Product types include water-based, solvent-based, solventless, and heat/cold seal adhesives. End-use segments comprise food packaging, medical packaging, industrial packaging, and other applications. While food packaging remains a key segment, the medical packaging industry is expected to witness greater adoption of lamination adhesives during the forecast period.

Key Regional Outlook

Regionally, Asia Pacific is expected to dominate the global lamination adhesives for flexible packaging market. North America, despite being a mature market with multiple players, is anticipated to gain momentum in the later phases of the forecast period through investments in manufacturing sectors and process re-engineering. Meanwhile, the mature European market is likely to experience uneven growth throughout the forecast period.

1. Executive Summary

1.1. Global Lamination Adhesives Market Snapshot
1.2. Future Projections
1.3. Key Market Trends
1.4. Regional Snapshot, by Value, 2023
1.5. Analyst Recommendations

2. Market Overview

2.1. Market Definitions and Segmentations
2.2. Market Dynamics
- 2.2.1. Drivers
- 2.2.2. Restraints
- 2.2.3. Market Opportunities
2.3. Value Chain Analysis
2.4. Porter's Five Forces Analysis
2.5. COVID-19 Impact Analysis
- 2.5.1. Supply
- 2.5.2. Demand
2.6. Impact of Ukraine-Russia Conflict
2.7. Economic Overview
- 2.7.1. World Economic Projections
2.8. PESTLE Analysis

3. Global Lamination Adhesives Market Outlook, 2018 - 2031

3.1. Global Lamination Adhesives Market Outlook, by Product Type, Value (US$ Bn), 2018 - 2031
- 3.1.1. Key Highlights
  - 3.1.1.1. Water Based
  - 3.1.1.2. Solvent Less
  - 3.1.1.3. Solvent Based
  - 3.1.1.4. Heat/Cold Seal
3.2. Global Lamination Adhesives Market Outlook, by End User, Value (US$ Bn), 2018 - 2031
- 3.2.1. Key Highlights
  - 3.2.1.1. Food Packaging
  - 3.2.1.2. Medical Packaging
  - 3.2.1.3. Industrial Packaging
  - 3.2.1.4. Others
3.3. Global Lamination Adhesives Market Outlook, by Region, Value (US$ Bn), 2018 - 2031
- 3.3.1. Key Highlights
  - 3.3.1.1. North America
  - 3.3.1.2. Europe
  - 3.3.1.3. Asia Pacific
  - 3.3.1.4. Latin America
  - 3.3.1.5. Middle East & Africa

4. North America Lamination Adhesives Market Outlook, 2018 - 2031

4.1. North America Lamination Adhesives Market Outlook, by Product Type, Value (US$ Bn), 2018 - 2031
- 4.1.1. Key Highlights
  - 4.1.1.1. Water Based
  - 4.1.1.2. Solvent Less
  - 4.1.1.3. Solvent Based
  - 4.1.1.4. Heat/Cold Seal
4.2. North America Lamination Adhesives Market Outlook, by End User, Value (US$ Bn), 2018 - 2031
- 4.2.1. Key Highlights
  - 4.2.1.1. Food Packaging
  - 4.2.1.2. Medical Packaging
  - 4.2.1.3. Industrial Packaging
  - 4.2.1.4. Others
4.3. North America Lamination Adhesives Market Outlook, by Country, Value (US$ Bn), 2018 - 2031
- 4.3.1. Key Highlights
  - 4.3.1.1. U.S. Lamination Adhesives Market by Product Type, Value (US$ Bn), 2018 - 2031
  - 4.3.1.2. U.S. Lamination Adhesives Market by End User, Value (US$ Bn), 2018 - 2031
  - 4.3.1.3. Canada Lamination Adhesives Market by Product Type, Value (US$ Bn), 2018 - 2031
  - 4.3.1.4. Canada Lamination Adhesives Market by End User, Value (US$ Bn), 2018 - 2031
- 4.3.2. BPS Analysis/Market Attractiveness Analysis

5. Europe Lamination Adhesives Market Outlook, 2018 - 2031

5.1. Europe Lamination Adhesives Market Outlook, by Product Type, Value (US$ Bn), 2018 - 2031
- 5.1.1. Key Highlights
  - 5.1.1.1. Water Based
  - 5.1.1.2. Solvent Less
  - 5.1.1.3. Solvent Based
  - 5.1.1.4. Heat/Cold Seal
5.2. Europe Lamination Adhesives Market Outlook, by End User, Value (US$ Bn), 2018 - 2031
- 5.2.1. Key Highlights
  - 5.2.1.1. Food Packaging
  - 5.2.1.2. Medical Packaging
  - 5.2.1.3. Industrial Packaging
  - 5.2.1.4. Others
5.3. Europe Lamination Adhesives Market Outlook, by Country, Value (US$ Bn), 2018 - 2031
- 5.3.1. Key Highlights
  - 5.3.1.1. Germany Lamination Adhesives Market by Product Type, Value (US$ Bn), 2018 - 2031
  - 5.3.1.2. Germany Lamination Adhesives Market by End User, Value (US$ Bn), 2018 - 2031
  - 5.3.1.3. U.K. Lamination Adhesives Market by Product Type, Value (US$ Bn), 2018 - 2031
  - 5.3.1.4. U.K. Lamination Adhesives Market by End User, Value (US$ Bn), 2018 - 2031
  - 5.3.1.5. France Lamination Adhesives Market by Product Type, Value (US$ Bn), 2018 - 2031
  - 5.3.1.6. France Lamination Adhesives Market by End User, Value (US$ Bn), 2018 - 2031
  - 5.3.1.7. Italy Lamination Adhesives Market by Product Type, Value (US$ Bn), 2018 - 2031
  - 5.3.1.8. Italy Lamination Adhesives Market by End User, Value (US$ Bn), 2018 - 2031
  - 5.3.1.9. Turkey Lamination Adhesives Market by Product Type, Value (US$ Bn), 2018 - 2031
  - 5.3.1.10. Turkey Lamination Adhesives Market by End User, Value (US$ Bn), 2018 - 2031
  - 5.3.1.11. Russia Lamination Adhesives Market by Product Type, Value (US$ Bn), 2018 - 2031
  - 5.3.1.12. Russia Lamination Adhesives Market by End User, Value (US$ Bn), 2018 - 2031
  - 5.3.1.13. Rest of Europe Lamination Adhesives Market by Product Type, Value (US$ Bn), 2018 - 2031
  - 5.3.1.14. Rest of Europe Lamination Adhesives Market by End User, Value (US$ Bn), 2018 - 2031
- 5.3.2. BPS Analysis/Market Attractiveness Analysis

6. Asia Pacific Lamination Adhesives Market Outlook, 2018 - 2031

6.1. Asia Pacific Lamination Adhesives Market Outlook, by Product Type, Value (US$ Bn), 2018 - 2031
- 6.1.1. Key Highlights
  - 6.1.1.1. Water Based
  - 6.1.1.2. Solvent Less
  - 6.1.1.3. Solvent Based
  - 6.1.1.4. Heat/Cold Seal
6.2. Asia Pacific Lamination Adhesives Market Outlook, by End User, Value (US$ Bn), 2018 - 2031
- 6.2.1. Key Highlights
  - 6.2.1.1. Food Packaging
  - 6.2.1.2. Medical Packaging
  - 6.2.1.3. Industrial Packaging
  - 6.2.1.4. Others
6.3. Asia Pacific Lamination Adhesives Market Outlook, by Country, Value (US$ Bn), 2018 - 2031
- 6.3.1. Key Highlights
  - 6.3.1.1. China Lamination Adhesives Market by Product Type, Value (US$ Bn), 2018 - 2031
  - 6.3.1.2. China Lamination Adhesives Market by End User, Value (US$ Bn), 2018 - 2031
  - 6.3.1.3. Japan Lamination Adhesives Market by Product Type, Value (US$ Bn), 2018 - 2031
  - 6.3.1.4. Japan Lamination Adhesives Market by End User, Value (US$ Bn), 2018 - 2031
  - 6.3.1.5. South Korea Lamination Adhesives Market by Product Type, Value (US$ Bn), 2018 - 2031
  - 6.3.1.6. South Korea Lamination Adhesives Market by End User, Value (US$ Bn), 2018 - 2031
  - 6.3.1.7. India Lamination Adhesives Market by Product Type, Value (US$ Bn), 2018 - 2031
  - 6.3.1.8. India Lamination Adhesives Market by End User, Value (US$ Bn), 2018 - 2031
  - 6.3.1.9. Southeast Asia Lamination Adhesives Market by Product Type, Value (US$ Bn), 2018 - 2031
  - 6.3.1.10. Southeast Asia Lamination Adhesives Market by End User, Value (US$ Bn), 2018 - 2031
  - 6.3.1.11. Rest of Asia Pacific Lamination Adhesives Market by Product Type, Value (US$ Bn), 2018 - 2031
  - 6.3.1.12. Rest of Asia Pacific Lamination Adhesives Market by End User, Value (US$ Bn), 2018 - 2031
- 6.3.2. BPS Analysis/Market Attractiveness Analysis

7. Latin America Lamination Adhesives Market Outlook, 2018 - 2031

7.1. Latin America Lamination Adhesives Market Outlook, by Product Type, Value (US$ Bn), 2018 - 2031
- 7.1.1. Key Highlights
  - 7.1.1.1. Water Based
  - 7.1.1.2. Solvent Less
  - 7.1.1.3. Solvent Based
  - 7.1.1.4. Heat/Cold Seal
7.2. Latin America Lamination Adhesives Market Outlook, by End User, Value (US$ Bn), 2018 - 2031
- 7.2.1. Key Highlights
  - 7.2.1.1. Food Packaging
  - 7.2.1.2. Medical Packaging
  - 7.2.1.3. Industrial Packaging
  - 7.2.1.4. Others
7.3. Latin America Lamination Adhesives Market Outlook, by Country, Value (US$ Bn), 2018 - 2031
- 7.3.1. Key Highlights
  - 7.3.1.1. Brazil Lamination Adhesives Market by Product Type, Value (US$ Bn), 2018 - 2031
  - 7.3.1.2. Brazil Lamination Adhesives Market by End User, Value (US$ Bn), 2018 - 2031
  - 7.3.1.3. Mexico Lamination Adhesives Market by Product Type, Value (US$ Bn), 2018 - 2031
  - 7.3.1.4. Mexico Lamination Adhesives Market by End User, Value (US$ Bn), 2018 - 2031
  - 7.3.1.5. Argentina Lamination Adhesives Market by Product Type, Value (US$ Bn), 2018 - 2031
  - 7.3.1.6. Argentina Lamination Adhesives Market by End User, Value (US$ Bn), 2018 - 2031
  - 7.3.1.7. Rest of Latin America Lamination Adhesives Market by Product Type, Value (US$ Bn), 2018 - 2031
  - 7.3.1.8. Rest of Latin America Lamination Adhesives Market by End User, Value (US$ Bn), 2018 - 2031
- 7.3.2. BPS Analysis/Market Attractiveness Analysis

8. Middle East & Africa Lamination Adhesives Market Outlook, 2018 - 2031

8.1. Middle East & Africa Lamination Adhesives Market Outlook, by Product Type, Value (US$ Bn), 2018 - 2031
- 8.1.1. Key Highlights
  - 8.1.1.1. Water Based
  - 8.1.1.2. Solvent Less
  - 8.1.1.3. Solvent Based
  - 8.1.1.4. Heat/Cold Seal
8.2. Middle East & Africa Lamination Adhesives Market Outlook, by End User, Value (US$ Bn), 2018 - 2031
- 8.2.1. Key Highlights
  - 8.2.1.1. Food Packaging
  - 8.2.1.2. Medical Packaging
  - 8.2.1.3. Industrial Packaging
  - 8.2.1.4. Others
8.3. Middle East & Africa Lamination Adhesives Market Outlook, by Country, Value (US$ Bn), 2018 - 2031
- 8.3.1. Key Highlights
  - 8.3.1.1. GCC Lamination Adhesives Market by Product Type, Value (US$ Bn), 2018 - 2031
  - 8.3.1.2. GCC Lamination Adhesives Market by End User, Value (US$ Bn), 2018 - 2031
  - 8.3.1.3. South Africa Lamination Adhesives Market by Product Type, Value (US$ Bn), 2018 - 2031
  - 8.3.1.4. South Africa Lamination Adhesives Market by End User, Value (US$ Bn), 2018 - 2031
  - 8.3.1.5. Egypt Lamination Adhesives Market by Product Type, Value (US$ Bn), 2018 - 2031
  - 8.3.1.6. Egypt Lamination Adhesives Market by End User, Value (US$ Bn), 2018 - 2031
  - 8.3.1.7. Nigeria Lamination Adhesives Market by Product Type, Value (US$ Bn), 2018 - 2031
  - 8.3.1.8. Nigeria Lamination Adhesives Market by End User, Value (US$ Bn), 2018 - 2031
  - 8.3.1.9. Nigeria Lamination Adhesives Market End User, Value (US$ Bn), 2018 - 2031
  - 8.3.1.10. Rest of Middle East & Africa Lamination Adhesives Market by Product Type, Value (US$ Bn), 2018 - 2031
  - 8.3.1.11. Rest of Middle East & Africa Lamination Adhesives Market by End User, Value (US$ Bn), 2018 - 2031
- 8.3.2. BPS Analysis/Market Attractiveness Analysis

9. Competitive Landscape

9.1. Product Type vs End User Heatmap
9.2. Manufacturer vs End User Heatmap
9.3. Company Market Share Analysis, 2023
9.4. Competitive Dashboard
9.5. Company Profiles
- 9.5.1. H.B. Fuller
  - 9.5.1.1. Company Overview
  - 9.5.1.2. Product Type Portfolio
  - 9.5.1.3. Financial Overview
  - 9.5.1.4. Business Strategies and Development
- 9.5.2. Henkel AG & Co. KGaA
  - 9.5.2.1. Company Overview
  - 9.5.2.2. Product Type Portfolio
  - 9.5.2.3. Financial Overview
  - 9.5.2.4. Business Strategies and Development
- 9.5.3. The Dow Chemical Company
  - 9.5.3.1. Company Overview
  - 9.5.3.2. Product Type Portfolio
  - 9.5.3.3. Financial Overview
  - 9.5.3.4. Business Strategies and Development
- 9.5.4. 3M
  - 9.5.4.1. Company Overview
  - 9.5.4.2. Product Type Portfolio
  - 9.5.4.3. Financial Overview
  - 9.5.4.4. Business Strategies and Development
- 9.5.5. Flint Group
  - 9.5.5.1. Company Overview
  - 9.5.5.2. Product Type Portfolio
  - 9.5.5.3. Financial Overview
  - 9.5.5.4. Business Strategies and Development
- 9.5.6. Arkema Group
  - 9.5.6.1. Company Overview
  - 9.5.6.2. Product Type Portfolio
  - 9.5.6.3. Financial Overview
  - 9.5.6.4. Business Strategies and Development
- 9.5.7. Ashland Inc.
  - 9.5.7.1. Company Overview
  - 9.5.7.2. Product Type Portfolio
  - 9.5.7.3. Financial Overview
  - 9.5.7.4. Business Strategies and Development
- 9.5.8. COIM Group
  - 9.5.8.1. Company Overview
  - 9.5.8.2. Product Type Portfolio
  - 9.5.8.3. Financial Overview
  - 9.5.8.4. Business Strategies and Development
- 9.5.9. Morchem
  - 9.5.9.1. Company Overview
  - 9.5.9.2. Product Type Portfolio
  - 9.5.9.3. Financial Overview
  - 9.5.9.4. Business Strategies and Development
- 9.5.10. DIC Corporation
  - 9.5.10.1. Company Overview
  - 9.5.10.2. Product Type Portfolio
  - 9.5.10.3. Financial Overview
  - 9.5.10.4. Business Strategies and Development
- 9.5.11. Chemline India Ltd
  - 9.5.11.1. Company Overview
  - 9.5.11.2. Product Type Portfolio
  - 9.5.11.3. Financial Overview
  - 9.5.11.4. Business Strategies and Development

10. Appendix

10.1. Research Methodology
10.2. Report Assumptions
10.3. Acronyms and Abbreviations