Solvent-Based Laminating Adhesives Market Size, Regional Overview, Competitive Landscape, Business Growth, Share Analysis And Forecast To 2033

The Business Research Company recently released a comprehensive report on the Global Solvent-Based 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.

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According to The Business Research Company's, The solvent-based laminating adhesives market size has grown strongly in recent years. It will grow from $0.99 billion in 2023 to $1.06 billion in 2024 at a compound annual growth rate (CAGR) of 7.0%. The growth in the historic period can be attributed to the growing food packaging industry, growing concerns about food safety, increased demand for packaging materials, rising demand in pharmaceuticals, and growing demand for flexible packaging.

The solvent-based laminating adhesives market size is expected to see strong growth in the next few years. It will grow to $1.40 billion in 2028 at a compound annual growth rate (CAGR) of 7.2%. The growth in the forecast period can be attributed to increasing demand and application of solvent-based adhesives, rising e-commerce, growing awareness of environmental regulations, growth of the food and beverage sector, and rising demand for processed and packaged foods. Major trends in the forecast period include advancements in adhesive technology, digitalization in manufacturing, advanced packaging solutions, innovations in laminating adhesives, and technological advancements.

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Market Drivers and Trends:

The increasing popularity of the food and beverage sector is expected to propel the growth of the solvent-based laminating adhesives market going forward. The food and beverage sector, also known as the food and beverage industry, encompasses a wide range of activities related to the processing, packaging, distribution, and service of food and drink products. The food and beverage sector is growing due to rising consumer demand for convenience, diverse food options, and health-conscious products. Solvent-based laminating adhesives are used in the food and beverage industry to create durable, flexible packaging that preserves product freshness and extends shelf life. For instance, in April 2024, according to the Australian Bureau of Statistics, an Australia-based government agency, sales of food and non-alcoholic drinks reached 15.1 million tons in 2021-2022, a significant increase from the 14.8 million metric tons sold in the previous fiscal year of 2020-21. Therefore, the rise in popularity of the food and beverage sector is driving the growth of the solvent-based laminating adhesives market.

Major companies operating in the solvent-based laminating adhesives market are focused on developing innovative products such as epoxy silane-free adhesives to enhance environmental safety and reduce production costs. Epoxy silane-free adhesives provide strong bonding and durability while being environmentally friendly, meeting the packaging industry's need for safer, sustainable solutions without sacrificing performance. For instance, in June 2022, Toyo-Morton, a Japan-based company that manufactures adhesives, launched Epoxy Silane-free Laminating Adhesives for flexible packaging. These adhesives are particularly designed for applications in flexible packaging, which includes industries such as food, beverages, and pharmaceuticals, aligning with the industry's growing demand for safer and more sustainable packaging solutions.

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Major Key Players of the Market:

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.

Solvent-Based Laminating Adhesives Market 2024 Key Insights:

• The solvent-based laminating adhesives market size is expected to see strong growth in the next few years. It will grow to $1.40 billion in 2028 at a compound annual growth rate (CAGR) of 7.2%.
• Rising Popularity Of The Food And Beverages Sector Fuels Growth In Solvent-Based Laminating Adhesives Market
• Epoxy Silane-Free Laminating Adhesives A Sustainable Innovation For Flexible Packaging
• Asia-Pacific was the largest region in the solvent-based laminating adhesives market in 2023

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