Solvent-Based Laminating Adhesives Industry to Achieve $1.46 Billion Growth by 2029

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How Will the Solvent-Based Laminating Adhesives Market Grow by 2025 in Terms of Size and Growth?
In recent times, the solvent-based laminating adhesives market has experienced considerable growth. The market size is projected to escalate from $1.06 billion in 2024 to $1.13 billion in 2025, experiencing a compound annual growth rate (CAGR) of 6.4%. This growth during the historical period can be traced back to factors such as the expanding food packaging industry, increasing worries over food safety, a surge in demand for packaging materials, growing requirements in pharmaceuticals, and an escalating need for flexible packaging.

What Are the Estimated Growth Rates for the Solvent-Based Laminating Adhesives Industry Through 2029?
The market for solvent-based laminating adhesives is anticipated to witness impressive expansion in the upcoming years, with its valuation surging to $1.46 billion in 2029, rearising from a 6.6% compound annual growth rate (CAGR). This escalation during the forecast period can be credited to a surge in demand and usage of solvent-based adhesives, increasing e-commerce, better understanding of environmental norms, expansion of the food and beverage industry, and a rise in demand for processed and packaged foods. The forecast period will also see significant trends such as progress in adhesive technology, digitization in manufacturing, enhanced packaging solutions, innovations in laminating adhesives, and technological upgradations.

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What Are the Strategic Drivers Boosting Solvent-Based Laminating Adhesives Market Performance?
The burgeoning interest in the food and beverage sector is anticipated to drive the expansion of the solvent-based laminating adhesives market. The food and beverage sector, which comprises various activities related to the processing, packaging, distribution, and serving of food and drinks, are witnessing growth due to the escalating consumer demand convenience, diversity in food choices, and health-conscious products. Solvent-based laminating adhesives have found applications in this industry for the construction of durable and flexible packages that help maintain the freshness of the product and prolong their shelf life. For example, the Australian Bureau of Statistics, a government agency based out of Australia, reported in April 2024 that the sales of food and non-alcoholic beverages escalated to 15.1 million tons in 2021-2022, marking a notable growth from the 14.8 million metric tons sold in the preceding fiscal year of 2020-21. Hence, the burgeoning interest in the food and beverage sector acts as a catalyst for the expansion of the solvent-based laminating adhesives market.

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What Are the Segments in the Solvent-Based Laminating Adhesives Market?
The solvent-based laminating adhesives market covered in this report is segmented -

1) By Type: One Component, Two Component
2) By Type Of Lamination: Film To Film, Film To Foil, Film To Metalized Film
3) By Type Of Packaging: Acetone, Methyl Ethyl ket*one (MEK), Toluene, Ethyl Acetate, Methyl Ethyl ket*one(MEK)- Toluene, Polyol B-Side Curative Hydroxyl, Isocyanate A-Side NCO Adhesive Solvent
4) By End-User: Food, Healthcare, Industrial Packaging, Other End-Users

Subsegments:
1) By One Component: Polyurethane Adhesives, Acrylic Adhesives, Rubber-Based Adhesives
2) By Two Component: Polyurethane Adhesives, Epoxy Adhesives, Acrylic Adhesives

What Are the Key Adoption Trends in the Solvent-Based Laminating Adhesives Market?
Leading businesses in the solvent-based laminating adhesives market are prioritizing the creation of innovative goods, including epoxy silane-free adhesives, to boost environmental safety while lowering manufacturing costs. Epoxy silane-free adhesives are known for their strong adhesion and longevity, and their environmentally friendly features. They meet the demands of the packaging sector for secure, sustainable alternatives without compromising on performance. In June 2022, for example, Toyo-Morton, a firm based in Japan that produces adhesives, introduced Epoxy Silane-free Laminating Adhesives specifically for flexible packaging. These adhesives are primarily aimed at flexible packaging applications in industries such as food, beverages, and pharmaceuticals. They meet the industry's increasing demand for safer and more sustainable packaging solutions.

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Which Companies Lead the Competitive Landscape of the Solvent-Based Laminating Adhesives Industry?
Major companies operating in the solvent-based laminating adhesives marker are 3M Company, Henkel Corporation, Sika AG, Arkema S.A., Celanese Corporation, Avery Dennison Corporation, Sun Chemical Corporation, DIC Corporation, H.B. Fuller Company, DuPont de Nemours Inc., Eastman Chemical Company, Ashland Inc., ACTEGA GmbH, Paramelt B.V., IVP Limited, Franklin International, Nan Pao Resins Chemical Co. Ltd., Coim Group, Toyo-Morton Ltd., Megabond (Huangshan) Adhesive Co. Ltd.

Where Are the Key Solvent-Based Laminating Adhesives Market Opportunities by Region?
Asia-Pacific was the largest region in the solvent-based laminating adhesives market in 2024. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the solvent-based laminating adhesives marker report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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