Laminating Adhesives Market Is Estimated to Over the Forecast Period Key Players are Baxter International Inc., Bristol-Myers Squibb Company, Cadila Pharmaceuticals, GlaxoSmithKline plc, Johnson & Johnson

The market for laminating adhesives is expected to register a CAGR of 5.65% during the forecast period (2019-2024). Major factors driving the market studied are the rapid growth in the flexible packaging industry and increasing demand for packed food. Growing concerns regarding plastic disposal is expected to hinder the growth of the market studied.

- The packaging industry dominated the market in 2018, and is expected to grow during the forecast period, owing to the increasing demand for flexible packaging in the food and beverages industry.

- Accelerating usage of solvent-less lamination adhesives is likely to act as an opportunity in the future.

- Asia-Pacific dominated the market across the world, with the largest consumption from the countries, such as China and India.

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The prominent players in the global Laminating Adhesives market are:

Baxter International Inc., Bristol-Myers Squibb Company, Cadila Pharmaceuticals, GlaxoSmithKline plc, Johnson & Johnson, Merck & Co., Novartis AG, Pfizer Inc., Teva Pharmaceutical Industries Ltd.

Global Laminating Adhesives Market Overview

Rapid Growth of the Flexible Packaging Industry

- Packaging is one of the key factors considered by the firms engaged in the manufacturing industry. With the growing number of manufacturing units, food processing plants, and increasing industrial production, the global packaging industry is witnessing robust growth.

- In the last few years, the packaging industry has been experiencing a transition, where the manufacturing and industrial sector has been adapting to flexible packaging. Owing to this, the rigid packaging industry is losing its share to the flexible packaging industry in the global packaging industry.

- The benefits, such as light weight, easy handling, less space consuming, longer shelf life, easy transit, damage resistance, and better printability, have made flexible packaging popular.

- During 2018, the share of flexible packaging was the highest (i.e. more than 40%) in the global packaging market. This trend is expected to remain the same in the packaging industry, over the forecast period.

- 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 web, which is then pressed against the second web.

- Hence, with the increasing demand for flexible packaging, the market for laminating adhesives is also expected to register a noticeable growth in demand during the forecast period.

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Competitive Landscape

The market for laminating adhesives is consolidated in nature, and is dominated by major players, including Henkel, Arkema, HB Fuller Company, Ashland, and 3M. The other major players include Sika AG, DuPont and Dow, Toyo-Morton, and Evonik Industries, among others.

Furthermore, Global Laminating Adhesives Market following points are involved along with a detailed study of each point: –

– Global Laminating Adhesives Market Overview, Drivers, Restraints and Opportunities, Segmentation overview

– Global Laminating Adhesives Market competition by Manufacturers (2020-2024)

– Production and Consumption by Regions

– Complete profiling and analysis of Manufacturers (2020-2024)

– Manufacturing cost analysis, Materials analysis, Region-wise manufacturing expenses

– Industrial Chain, Sourcing Strategy and Downstream Buyers

– Marketing Strategy Analysis, Distributors/Traders

– Global Laminating Adhesives Market Effect Factors Analysis (2020-2024)

– Global Laminating Adhesives Market Forecast (2020-2024)

– Global Laminating Adhesives Market Research Findings and Conclusion

In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key players and the market as a whole. It also analyses key emerging trends and their impact on present and future development.

All the reports that we list have been tracking the impact of COVID-19 the market. Both upstream and downstream of the entire supplychain has been accounted for while doing this. Also, where possible, we will provide an additional COVID-19 update supplement/report to the report in Q3, please check for with the sales team.

   

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MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.

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