Report Description
A recent market
intelligence report that is published by Data Insights Partner on the
global Lamination Adhesives for Flexible Packaging Market makes an offering of in-depth analysis of segments and
sub-segments in the regional and international Lamination
Adhesives for Flexible Packaging Market. The research also emphasizes on the impact of restraints,
drivers, and macro indicators on the regional and global Lamination
Adhesives for Flexible Packaging Market over the short as well as long period of time. A detailed
presentation of forecast, trends, and dollar values of global Lamination
Adhesives for Flexible Packaging Market is offered. In accordance with the report, the global
Lamination Adhesives for Flexible Packaging Market is projected to expand by healthy CAGR over the period of forecast.
Market Insight, Drivers, Restraints,
Opportunity & Trends of the Market:
Definition
The
process of combining together flexible packaging weds (two or more) with the
use of a bonding agent is called laminating. Aluminum foils, papers, and/or
films comprises of the substrate that make up the webs. Generally, an adhesive
is coated to the substrate web which is less absorbent. This is followed by
pressuring the second web against the first one in order to produce duplex or
laminate. In accordance to the bonding agent, laminating machineries are
classified into solventless lamination, wax lamination, dry lamination and wet
lamination.
Market Drivers
The
convenience associated with the utilization of lamination adhesives for
flexible packaging is providing the initial impetus to this market. Adhesive
lamination comprises of properties including electrical insulation,
thermoforming capability, optical clarity, flame resistance, heat resistance
and flame resistance. Further, they are damage resistance, easy to handle and
damage resistance which is driving the growth of this market.
In
recent times, industrial sector and manufacturing industries are increasingly
adopting flexible packaging solutions owing to its positive benefits which is
fueling the growth of this market.
The
flourishing food and beverage sector is accelerating the growth of this market.
Further, the rising consumption of packaged foods and ready-to-eat meals
coupled with the development of online food delivery partners are propelling
the growth of this market.
Lamination
adhesives are significantly deployed in the pharmaceutical and health care
industry as a bonding agent of aluminum, plastics and paper. Given the upsurge
in population and its consequent growth in the geriatric population, the market
growth is bolstered. Flexible packaging is increasingly utilized in the
pharmaceutical industry to provide packaging solutions to medical devices,
pouches and tablets which is augmenting the growth of this market.
Market Restraints
Stringent
regulations of the government for the implementations of sustainable projects
and soaring awareness among the consumers with regard to environmental concerns
are impeding the growth of this market.
The
premium price of lamination adhesives is hindering this market. Such immoderate
prices of the product arise due to two reasons. First, skyrocketing oil prices
has adversely affected to production process of lamination adhesives. Secondly,
the volatile prices of the raw materials are averse to the lamination adhesives
for flexible packaging market.
Further,
the production process of lamination adhesives is time-consuming and
energy-intensive which is threatening the growth of this market.
Opportunities
The
advancement of innovative packaging solutions complementary to the development
of ecofriendly and green and disposable packaging solutions is opening up new
avenues for this market.
The
craze for solvent-less adhesives is on a rise among its end users which is
likely to provide lucrative opportunities to this market.
Finally,
the structural development in the pharmaceutical industry and thriving food and
beverage sector is expected to widen the applicable areas of this market.
The
surging initiatives of the governments of different nations and surge in direct
portfolio investment is likely to offer lucrative opportunities to this market.
Trends
Asia
Pacific dominates the market for lamination adhesives for flexible packaging
market in terms of revenue and is expected to continue its domination and
emerge as the fastest growing region. The reason behind such progress can be
traced back to the development and progress of the end users of this market in
this region, soaring investment to improve manufacturing capabilities in the
automotive sector, pharmaceutical industry and the consumer goods industry and
the presence of cheap resources including human resources in this region.
Europe is also expected to register significant growth owing to the increasing
health awareness among the consumers which is thus developing the food and
beverage sector.
Segment Covered:
This market
intelligence report on the global Lamination Adhesives for Flexible Packaging
Market encompasses market segments based on resin
type, technology type, end use and country.
By Resin
Type the global Lamination Adhesives for Flexible Packaging Market has been
divided into:
q Polyurethane
q Acrylic
q Others
By Technology Type the global Lamination
Adhesives for Flexible Packaging Market has been divided into:
q Water-based
q Solvent-based
q Others
By End
Use the global Lamination Adhesives for Flexible Packaging Market has been
divided into:
q Industrial
q Automotive
and Transportation
q Packaging
q Others
By country/region,
the global Lamination Adhesives for Flexible Packaging Market has been divided
into:
q North
America (the U.S., Canada),
q Latin
America (Brazil, Mexico, Argentina and other countries),
q Europe
(Germany, France, the U.K., Spain, Italy, Russia, and other countries),
q Asia
Pacific (India, Japan, China, Australia and New Zealand and other countries),
q Middle
East and Africa (GCC, South Africa, Israel and Other countries).
Profiling of Market
Players:
This business
intelligence report offers profiling of reputed companies that are operating in
the market. Companies such as:
q COIM
Group
q Uflex
Limited
q Henkel
q The Dow
Chemical Company
q 3M
Company
q H.B.
Fuller Company
q Arkema
Group
q Chemline
India Ltd
q Ashland
Inc
q DIC
Corporation
others have been
profiled into detail so as to offer a glimpse of the market leaders. Moreover,
parameters such as Lamination Adhesives for Flexible Packaging Market related investment & spending and developments by
major players of the market are tracked in this global report.
Report Highlights:
In-depth
analysis of the micro and macro indicators, market trends, and forecasts of
demand is offered by this business intelligence report. Furthermore, the report
offers a vivid picture of the factors that are steering and restraining the
growth of this market across all geographical segments. In addition to that, IGR-Growth
Matrix analysis is also provided in the report so as to share insight of the
investment areas that new or existing market players can take into consideration.
Various analytical tools such as DRO analysis, Porter's five forces analysis
has been used in this report to present a clear picture of the market. The
study focuses on the present market trends and provides market forecast from
the year 2020-2028. Emerging trends that would shape the market demand in the
years to come have been highlighted in this report. A competitive analysis in
each of the geographical segments gives an insight into market share of the
global players.
Few Recent Developments
COIM Group
In February
2019, COIM Group and Nordmeccanica collaborated with the aim of developing a
brand-new adhesive technology. This technology was expected to assists in
large-scale production of superior quality lamination adhesives for high
barrier structures.
Uflex LImited
In April 2018, a
2K solvent PU laminating adhesive was launched by Uflex Limited. This product
was launched under the FLEXBON brand name basically for food packaging
solutions.
Henkel
In June 2019,
Loctite Liofol LA 2798 was launched by Henkel with the aim of providing
high-performing packaging solutions and diversify product portfolio.
Salient Features:
Ø
This study offers
comprehensive yet detailed analysis of the Lamination
Adhesives for Flexible Packaging Market, size of the market (US$ Mn), and Compound Annual Growth
Rate (CAGR (%)) for the period of forecast: 2020-2028, taking into account 2019
as the base year
Ø
It explains upcoming
revenue opportunities across various market segments and attractive matrix of
investment proposition for the said market
Ø
This market
intelligence report also offers pivotal insights about various market opportunities,
restraints, drivers, competitive market strategies of leading market players,
emerging market trends, and regional outlook
Ø
Profiling of
key market players in the world Lamination Adhesives for Flexible Packaging
Market is done by
taking into account various parameters such as company strategies, distribution
strategies, product portfolio, financial performance, key developments,
geographical presence, and company overview
Ø
The data of
this report would allow management authorities and marketers of companies alike
to take informed decision when it comes to launch of Type of models, government
initiatives, marketing tactics and expansion, and technical up gradation
Ø
The world
market for Lamination Adhesives for Flexible Packaging caters to the needs of various stakeholders pertaining to this
industry, namely suppliers, manufacturers, investors, and distributors for Lamination
Adhesives for Flexible Packaging Market. The research also caters to the rising needs of consulting
and research firms, financial analysts, and new market entrants
Ø
Research
methodologies that have been adopted for the purpose of this study have been
clearly elaborated so as to facilitate better understanding of the reports
Ø
Reports have
been made based on the guidelines as mandated by General Data Protection
Regulation
Ø
Ample number
of examples and case studies have been taken into consideration before coming
to a conclusion
Reasons to buy:
v
Identify
opportunities and plan strategies by having a strong understanding of the investment
opportunities in the Lamination Adhesives for Flexible Packaging
Market
v
Identification
of key factors driving investment opportunities in the Lamination
Adhesives for Flexible Packaging Market
v
Facilitate
decision-making based on strong historic and forecast data
v
Position
yourself to gain the maximum advantage of the industry’s growth potential
v
Develop
strategies based on the latest regulatory events
v
Identify key
partners and business development avenues
v
Respond to
your competitors’ business structure, strategy and prospects
v
Identify key
strengths and weaknesses of important market participants