Lamination Adhesives Industry

According to a recent report published by Grand View Research, Inc., the global lamination adhesives market is projected to reach a value of USD 4.55 billion by 2027, growing at a compound annual growth rate (CAGR) of 7.6% from 2020 to 2027. A key driver behind this growth is the increasing demand for medical flexible packaging, which continues to gain traction due to its efficiency and versatility in healthcare applications.

The appeal of medical flexible packaging lies in its various advantages, such as cost-effectiveness, ease of storage and handling, and convenience, all of which contribute to its rising adoption across the healthcare sector. In addition, continuous technological advancements in the packaging field have further boosted the popularity of flexible packaging solutions. A notable innovation in this area is the introduction of metalized films, which not only offer enhanced resistance to oxygen and water but also provide an attractive glossy or metallic appearance, making them both functional and visually appealing.

With the increasing production of pharmaceuticals and medical devices, the demand for lamination adhesives is expected to rise steadily. These adhesives are critical components in flexible packaging, which offers numerous benefits, including effective product protection, reduced material waste, and shipping efficiency due to its lightweight nature. These characteristics are anticipated to remain key focus areas for market participants, especially as sustainability and logistical efficiency become greater priorities.

Beyond the medical field, the food and beverage industry represents another significant growth avenue for lamination adhesives. Flexible packaging plays a vital role in this sector by extending product shelf life and maintaining product quality. It is widely used in the packaging of ready-to-eat items such as coffee, snacks, and ice cream, as well as boil-in-bag foods like rice and seafood. Lamination adhesives enhance this type of packaging by offering resistance to tearing, moisture, and light, while also preserving essential product characteristics such as aroma and freshness.

In addition, the rapid growth of the fast-moving consumer goods (FMCG) sector in emerging markets such as India, China, and Brazil is expected to indirectly drive up the demand for lamination adhesives. These countries are witnessing shifts characterized by rising disposable incomes, expanding urban populations, and changing consumer lifestyles. As a result, there is an increasing demand for well-packaged consumer goods, which, in turn, boosts the need for high-performance lamination adhesives.

Furthermore, ongoing technological advancements in packaging processes are expected to play a pivotal role in market development. Manufacturers are increasingly adopting automated machinery to accelerate packaging operations and are also integrating next-generation films to improve functionality and packaging efficiency. These innovations contribute not only to higher productivity but also to the broader appeal and performance of lamination adhesive products across diverse end-use sectors.

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Lamination Adhesives Market Segments Highlights:

  • In terms of revenue, acrylic resin is projected to expand at the fastest CAGR of 8.0% over the forecast period. Key characteristics such as higher temperature stability, high resistance to chemical and ultra-violet light, and excellent aging properties are likely to boost the segment growth
  • By technology, water-based adhesives accounted for the largest volume share of 50.6% in 2019 and is projected to witness significant growth in the future on account of super esthetic properties, cost-effectiveness, and corrosion resistance
  • The packaging industry was the largest end-use segment and held a nearly 65.0% share of overall revenue in 2019. Increasing flexible packaging demand from the food and beverage, consumer goods, and pharmaceutical sectors is the key factor driving the segment
  • Asia Pacific is anticipated to remain the fastest-growing region from 2020 to 2027. Increasing healthcare expenditure in the Southeast Asian countries and rising healthcare investments through public and private projects are projected to offer numerous opportunities for market vendors
  • Inorganic growth strategies such as mergers and acquisitions are projected to affect market dynamics and competition.

Lamination Adhesives Market Report Segmentation

Grand View Research has segmented the global lamination adhesives market on the basis of resin, technology, end-use, and region:

Lamination Adhesives Resin Outlook (Volume, Kilotons; Revenue, USD Million, 2016 - 2027)

  • Acrylic
  • Polyurethane
  • Others

Lamination Adhesives Technology Outlook (Volume, Kilotons; Revenue, USD Million, 2016 - 2027)

  • Solvent-based
  • Water-based
  • Others

Lamination Adhesives End-use Outlook (Volume, Kilotons; Revenue, USD Million, 2016 - 2027)

  • Packaging
  • Automotive & Transportation
  • Industrial

Lamination Adhesives Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2016 - 2027)

  • North America
    • The US
    • Canada
    • Mexico
  • Europe
    • Germany
    • The UK
    • France
  • Asia Pacific
    • China
    • Japan
    • India
  • Central and South America
    • Brazil
  • Middle East & Africa
    • Saudi Arabia

Key Lamination Adhesives Company Insights

  • 3M
  • DowDuPont Inc.
  • Ashland Inc.
  • B. Fuller
  • Coim Group
  • Arkema
  • Henkel AG
  • DIC Corporation
  • Flint Group

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