Laminating adhesives, which are necessary for highly functional laminate composites functionality that are compatible with the film material properties. This is made possible by the Toyo Ink Group's material development and conversion technology. Lamination is a printing finishing technique in which a thin layer of plastic called a laminate is adhered to paper or card using pressure and heat. Lamination is often used to protect paper from everyday wear and tear, as well as to extend the life of printed materials. These materials work well with a variety of film, foil, and paper substrates. Food packaging end-use applications include snack food and bottle labels, as well as microwaveable and boil-in-bag containers. Another application is medical packaging, as well as flexible industrial lamination.
COVID-19 Impact Analysis
- The COVID-19 harmed the market in 2020. Due to the pandemic scenario, various governments around the world went into lockdown to prevent the virus from spreading. Supply and demand chain interruptions caused by lockdowns have a severe impact on a variety of end-user businesses, including transportation and packaging. However, the situation is likely to improve in 2021, benefiting the market over the projection period.
- On the other hand, rising worries about plastic waste and the detrimental effects of the COVID-19 are projected to stymie the market's growth.
Top Impacting Factors
Rapid expansion in the flexible packaging sector, as well as rising demand for packaged foods, are projected to propel the market forward in the short term. Laminating adhesives are utilised in a variety of applications, including flexible packaging, industrial, and automotive. The global demand for high-end packaging materials is increasing as consumer awareness of product safety grows. Laminating adhesives are used in packaging materials of agricultural chemicals, cheese, confectionery, snack food, meat, medical products. During the projected period, rapid expansion in end-user industries is likely to be a prominent driver driving the worldwide laminating adhesives market. The market is hampered by expensive capital investment and high-energy usage. The laminating adhesives market, on the other hand, is expected to benefit from the development of technologies to address energy usage. Due to a rise in demand for these adhesives in end-use applications, Asia-Pacific is expected to lead the worldwide laminating adhesives market during the projected period. The increased need for flexible packaging in Asia Pacific highlights the region's large market potential, particularly in China and India.
Market Trends
- Packaging is one of the most important considerations for companies in the manufacturing business. The worldwide packaging sector is expanding rapidly, thanks to an increase in the number of manufacturing units, food processing plants, and industrial output.
- The packaging business has been through a transformation in recent years, with the manufacturing and industrial sectors adapting to flexible packaging. As a result, the rigid packaging business in the global packaging sector is losing market share to the flexible packaging business.
- Flexible packaging is popular because of the advantages of lightweight, simple handling, less space consumption, longer shelf life, simple transport, damage resistance, and greater printability.
- Flexible packaging makes considerable use of laminating adhesives. In flexible packaging, laminating is the process of joining two or more packing webs together with a bonding agent. Films, papers, and metal foils can all be used to create these webs. The less absorbent substrate of the web is coated with laminating adhesive before being placed onto the second web.
- 3M, Arkema (Bostik), Ashland, Coim Group, DIC Corporation, Dowdupont, H.B.Fuller, Henkel AG ,L.D.Davis, Vimasco Corporation are among the key players in this market.
- Many food manufacturing multi-national companies (MNCs) are setting up manufacturing facilities because of rising population, rising demand for packaged foods, and numerous market growth opportunities in various regions, which is increasing demand for packaging and boosting demand for laminating adhesives.
- The expansion of packaging in the food and beverage industry has been aided by a shift in customer desire for convenient packaging and packaged items.
Key Benefits of the Report
- This study presents the analytical depiction of the laminating adhesives industry along with the current trends and future estimations to determine the imminent investment pockets.
- The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the laminating adhesives market share.
- The current market is quantitatively analysed to highlight the laminating adhesives market growth scenario.
- Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
- The report provides a detailed laminating adhesives market analysis based on competitive intensity and how the competition will take shape in coming years.
Questions Answered in the Laminating Adhesives Market Report
- Who are the leading market players active in the laminating adhesives market?
- What current trends will influence the market in the next few years?
- What are the driving factors, restraints, and opportunities in the market?
- What future projections would help in taking further strategic steps?
Laminating Adhesives Market, by Technology Report Highlights
| Aspects | Details |
 By End-Use Industry |
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 By Technology |
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 By Resin |
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 By Region |
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 Key Market Players | Illinois Tool Works (ITW), 3M, H.B. Fuller, Kureha Corporation, DOW Chemical Company, Avery Dennison, Henkel, Bostik, Hunstman Corporation, LG Chem. |
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