Laminating Adhesives Market Analysis, Trends, Growth, Research And Forecast 2033

The Business Research Company recently released a comprehensive report on the Global Laminating Adhesives Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry.

According to The Business Research Company's, The laminating adhesives market size has grown rapidly in recent years. It will grow from $2.72 billion in 2023 to $3 billion in 2024 at a compound annual growth rate (CAGR) of 10.3%. The growth in the historic period can be attributed to packaging industry growth, food and beverage packaging, e-commerce boom, sustainable packaging, agricultural industry.

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Market Drivers and Trends:

The rise in demand from the packaging industry is contributing to the growth of the laminating adhesives market going forward. The packaging industry encompasses all the activities, processes, and businesses involved in designing, producing, and delivering packaging materials and solutions. Laminating adhesives are used as a critical component in the packaging industry as they provide a wide range of benefits, from protecting the product to enhancing its visual appeal, ensuring product safety, and meeting the evolving demands of sustainability. For instance, in 2022, according to reports shared by the Flexible Packaging Association, a US-based non-profit organization, the U.S. flexible packaging industry saw a substantial increase in sales in 2021, reaching an estimated $39 billion, up from $34.8 billion in the previous year. The increase in demand for packaging materials and the positive growth of the packaging industry during the forecast period will further propel the growth of the laminating adhesives market.

Major companies operating in the laminating adhesives market are adopting a strategic partnership approach to meet the evolving demands of their customers and the industry. Strategic partnerships refer to a process in which companies leverage eac' other's strengths and resources to achieve mutual benefits and success. For instance, in November 2022, Henkel AG & Co. KGaA, a Germany-based chemicals company, partnered with Cyclos-HTP Institute (CHI), a Germany-based institute that specializes in classification and assessment. The collaboration is to provide consumers with a more complete and coordinated service offering by combining the two organizations' expertise. The collaboration coincides with Henkel's goal of taking a holistic approach to sustainability and the circular economy across the whole value chain for packaging and consumer goods.

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Major Key Players of the Market:

Henkel AG & Co.; Ashland Global Specialty Chemicals Inc.; BASF SE; Bostik; DuPont de Nemours Inc.; Evonik Industries AG; H.B. Fuller Company; Merck KGaA; Morchem SA; Sika AG; Sun Chemical; 3M Company; The Dow Chemical Company; DIC Corporation; Minnesota Mining and Manufacturing Company; Adhesive Films Inc.; Avery Dennison Corporation; Coim Group; Dow Inc.; Drytac Corporation; Franklin International; Huntsman Corporation; Illinois Tool Works Inc.; Jowat SE; Konishi Co. Ltd.; Lintec Corporation; Lohmann Adhesive Tape Group; Master Bond Inc.; Nitta Corporation; Paramelt B.V.; SABA Dinxperlo B.V.; Scapa Group plc; Toyo-Morton Ltd.; Valspar Corporation; Vibac Group S.p.A.; Vimasco Corporation

Laminating Adhesives Market 2024 Key Insights:

• The laminating adhesives market size is expected to grow to $4.58 billion in 2028 at a compound annual growth rate (CAGR) of 11.2%. 
• Growth Of Laminating Adhesives Market Driven By Demand From The Packaging Industry
• Strategic Partnerships Drive Sustainable Innovation In The Laminating Adhesives Market
• Asia-Pacific was the largest region in the laminating adhesives market in 2023

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