Lamination Adhesives are a range of coatable adhesives used in the manufacture of laminated plastic cards. Different versions are available for screen printing, roller coat and flexible packaging application.
Flexible packaging is a package or container made of flexible or easily yielding materials that, when filled or closed, can be readily changed in shape. They are used for consumer and institutional products and in industrial applications, to protect, market, and distribute a vast array of products. Flexible packaging may be constructed using any combination of the following materials: paper, plastic film, foil; and typically take the shape of a bag, film, lidding, liner, overwrap, pouch, rollstock, sleeve, or wrap.
According to the report published by QYResearch, the global Lamination Adhesives for Flexible Packaging market was valued at USD 3499.11 million in 2020 and is expected to reach USD 4692.99 million by the end of 2027, growing at a CAGR of 4.46% between 2021 and 2027.
Global Lamination Adhesives for Flexible Packaging Market- Driver Analysis
As one of the fastest growing segments of the packaging industry, flexible packaging adds value and marketability to food and non-food products alike – combining the best qualities of plastic, film, paper and aluminum foil to deliver a broad range of protective properties while employing a minimum of material.
The industry continues to advance at an unprecedented rate. Innovation and advancements in technology have led to the development of lighter weight packaging that enhance flexible packaging's shelf appeal, strength, product protection, and the ability to be sealed. There are hundreds of examples of innovation in flexible packaging. Each one starts from an idea: meat should stay fresher longer, shipping costs should be lower and medicines should be safer for the consumer. With its versatility, custom qualities, efficiency in conserving resources, and sustainability, there’s no better time to consider switching to flexible packaging.
Flexible packaging industry will keep fast growth in the coming year, which stimulates the demand of lamination adhesives accordingly.
Global Lamination Adhesives for Flexible Packaging Market- Key Players
Henkel, Bostik, H.B. Fuller, Ashland, Dow, 3M, Vimasco Corporation, Sika Automotive GmbH, Coim, Flint Group, Toyo-Morton, DIC Corporation, Huber Group, Comens Material, China Neweast, Jiangsu Lihe, Morchem SA, are some key suppliers in the industry. Henkel is the largest manufacturer of Lamination Adhesives for Flexible Packaging with 10.81% revenue share in 2020. Apart from Henkel, manufactures like Bostik, H.B. Fuller, Dow are also accounting for a certain share globally.
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