+353-1-416-8900REST OF WORLD
+44-20-3973-8888REST OF WORLD
1-917-300-0470EAST COAST U.S
1-800-526-8630U.S. (TOLL FREE)

Laminating Adhesives Market - Growth, Trends, COVID-19 Impact, and Forecasts (2023-2028)

  • PDF Icon


  • 120 Pages
  • April 2023
  • Region: Global
  • Mordor Intelligence
  • ID: 4542951
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.

Key Highlights

  • 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 Market Trends

The Packaging Industry is Expected to Dominate the Market

  • Packaging is one of the key factors considered by firms engaged in the manufacturing industry. The global packaging industry is witnessing robust growth with the growing number of manufacturing units, food processing plants, and increasing industrial production.
  • In the last few years, the packaging industry is experiencing a transition where the manufacturing and industrial sectors adapted to flexible packaging. The rigid packaging industry is losing its share of the flexible packaging industry in the global packaging industry. The benefits of lightweight, easy handling, less space-consuming, longer shelf life, easy transit, damage resistance, and better printability have made flexible packaging popular.
  • Laminating adhesives are extensively used in flexible packaging. Laminating in flexible packaging is a process where two or more packaging webs are joined together using a bonding agent. These webs can be in the form of films, papers, or aluminum foils. Laminating adhesive is applied to the less absorbent substrate of the web, which is then pressed against the second web.
  • This shift in consumer preference for convenient packaging and packaged products contributed to packaging growth in the food and beverage sector. The food-processing sector is the largest user of flexible packaging, accounting for more than 50% of the total demand.
  • With the increasing population, rising demand for packaged foods, and numerous market growth opportunities in different regions, many food manufacturing multinational companies (MNCs) are setting up their manufacturing facilities, which, in turn, is increasing the demand for packaging and boosting the demand for laminating adhesives.
  • The United States is North America's largest consumer of packaged goods, followed by Canada and Mexico. Due to the pandemic, consumption patterns have also changed, and flexible packaging became much more significant, particularly given the risks associated with unpackaged goods. It is expected to boost the demand for laminating adhesives in the future.
  • According to Statista, the market for organic packaged food in the United States is increased to USD 21.39 billion in 2022 compared to USD 16.09 billion in 2017. Thus, the rising demand for packaged food is expected to boost the demand for laminating adhesives.
  • Hence, with the increasing demand for packaging, the market for laminating adhesives is also expected to register a noticeable growth in demand during the forecast period.

Asia-Pacific Region to Dominate the Market

  • The Asia-Pacific region dominated the global market share. With growing manufacturing activities and the increasing need for flexible packaging in countries such as China, India, and Japan, the usage of laminating adhesives is increasing in the region.
  • Asia-Pacific is the largest consumer of the packaging industry, owing to the demand for food in major economies such as China, India, and Japan. Compared to other countries, China is a late starter in the packaging industry, which grew into a large-scale industry over the decades.
  • The packaging industry growth in China is mainly attributed to the rising middle-class population, improvement of the supply-chain system, and emerging e-commerce activities over the years. Furthermore, the growing attention to food safety and quality in post-pandemic times across the nation is likely to drive the food processing industry, which will further contribute to the packaging demand in the coming years.
  • India is one of the major consumers of packaged foods and beverages. According to the Packaging Industry Association of India (PIAI), the packaging industry is expected to grow at 22% during the forecast period.
  • The demand for frozen foods in India is expected to grow by approximately 17% in the next few years. Moreover, with the Indian government focusing on the food processing sector, the supply of processed agri-foods is expected to rise over the next five years, which, in turn, may stimulate the demand for the packaging industry in the country and consequently help to laminate adhesives market to grow.
  • The factors above, coupled with government support, may contribute to the increasing demand for laminating adhesives consumption in the region during the forecast period.

Laminating Adhesives Market Competitor Analysis

The Laminating Adhesives Market is consolidated in nature. The major players in this market (not in a particular order) include Henkel AG & Co. KGaA, Arkema Group, Dowdupont Inc, Ashland, and 3M.

Additional benefits of purchasing the report:

  • The market estimate (ME) sheet in Excel format
  • 3 months of analyst support

This product will be delivered within 2 business days.

Table of Contents

1.1 Study Assumptions
1.2 Scope of the Study



4.1 Drivers
4.1.1 Rapid Growth in the Flexible Packaging Industry
4.1.2 Increasing Demand for Packed Food from the Food and Beverage Industry
4.2 Restraints
4.2.1 Performance Limitations of Water Based Adhesives
4.2.2 Growing Concerns Regarding Plastic Disposal
4.3 Industry Value-Chain Analysis
4.4 Porter's Five Forces Analysis
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Consumers
4.4.3 Threat of New Entrants
4.4.4 Threat of Substitute Products and Services
4.4.5 Degree of Competition

5 MARKET SEGMENTATION (Revenue in USD Million)
5.1 Type
5.1.1 Solvent-borne
5.1.2 Water-borne
5.1.3 Solvent-less
5.1.4 Other Types (UV and EB)
5.2 Application
5.2.1 Packaging Food Packaging Medical Packaging Other Packaging
5.2.2 Industrial
5.2.3 Transportation
5.2.4 Other Applications
5.3 Geography
5.3.1 Asia-Pacific China India Japan South Korea Rest of Asia-Pacific
5.3.2 North America United States Canada Mexico
5.3.3 Europe Germany United Kingdom Italy France Rest of Europe
5.3.4 South America Brazil Argentina Rest of South America
5.3.5 Middle-East and Africa Saudi Arabia South Africa Rest of Middle-East and Africa

6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
6.2 Market Share**/Ranking Analysis
6.3 Strategies Adopted by Leading Players
6.4 Company Profiles
6.4.1 3M
6.4.2 Arkema
6.4.3 Ashland
6.4.4 Coim Group
6.4.5 DIC India Limited
6.4.6 Dowdupont Inc.
6.4.7 Evonik Industries AG
6.4.8 Flint Group
6.4.9 H.B. Fuller Company
6.4.10 Henkel AG & Co. KGaA
6.4.11 hubergroup
6.4.12 LD Davis.
6.4.13 Sika AG
6.4.15 Toyo-Morton, Ltd.

7.1 Accelerating Usage of Solvent-less Lamination Adhesives

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • 3M
  • Arkema
  • Ashland
  • Coim Group
  • DIC India Limited
  • Dowdupont Inc.
  • Evonik Industries AG
  • Flint Group
  • H.B. Fuller Company
  • Henkel AG & Co. KGaA
  • hubergroup
  • LD Davis.
  • Sika AG
  • Toyo-Morton, Ltd.