Press release
Global Lamination Adhesives for Flexible Packaging Market to Expand at a CAGR of 6.4% from 2016 to 2024
The global market share of the lamination adhesives for flexible packaging market in 2016 is estimated at US$ 1.3 Bn and this is likely to increase to US$ 2.2 Bn by 2024, projected to increase at a CAGR of 6.4% throughout the forecast period (2016-2024). In a new report titled "Lamination Adhesives for Flexible Packaging Market: Global Industry Analysis and Forecast, 2016-2024", Persistence Market Research throws light on the market growth of lamination adhesives for flexible packaging and identifies key factors and trends impacting this growth.
Lamination adhesives for flexible packaging are one of the emerging adhesive solutions widely used for food packaging. The lamination adhesives for flexible packaging market is estimated to project increased growth throughout the forecast period, driven by factors such as lesser cure time, lesser emission, lower wastage, and higher bond strength. Also, increasing demand for packaged foods in healthcare and personal care products have augmented market growth. However, government initiatives and rising consumer awareness towards usage of eco-friendly adhesives have limited the growth of the lamination adhesives for flexible packaging market.
Order the sample copy of report@ https://www.persistencemarketresearch.com/samples/11668
Market consolidation has been observed as a key trend, with leading market players engaging in strategic mergers and acquisitions to enhance their product portfolio and increase global footprint. Another notable trend indicates that solvent fewer lamination adhesives are fast replacing solvent based adhesives owing to their eco-friendly nature.
The global lamination adhesives for flexible packaging market report is categorically split into three sections - based on product type (further segmented into water based, solvent based, solvent less, and heat/cold seal), end use (further segmented into food packaging, medical packaging, industrial packaging, and other end use), and region.
Browse full report to gain more insights about Lamination Adhesives Market@ https://www.persistencemarketresearch.com/market-research/lamination-adhesives-market.asp
The solvent based product type emerges as the dominant segment due to its wide application in multiple industries. This segment is estimated to account for 42.8% of the overall lamination adhesives for flexible packaging market revenue by the end of 2016. However, the segment is anticipated to lose substantial market share to the solvent less segment, owing to an increasing preference of eco-friendly adhesives among end users. The solvent less segment is estimated to witness fastest Y-o-Y growth during the forecast period from 6.0% in 2014 to 8.2% in 2024.
The food packaging segment stands out among all segments owing to the rising demand for packaged foods. The medical packaging segment is forecasted to be the fastest growing end-use segment owing to a high consumer spending in the healthcare sector and is estimated to expand at a significant CAGR of 6.9% during the forecast period. Food packaging is the key segment driving demand for lamination adhesives - over 60% of the overall market demand is generated by the food packaging segment.
By region, the market is segmented into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. The market in Asia Pacific is anticipated to register a steady Y-o-Y growth from 7.1% in 2014 to 9.0% in 2024.
This market alone is estimated to account for over 40% of the global flexible packaging market in terms of value by the end of 2016. Within the Asia Pacific region, the markets in China and India are anticipated to witness maximum Y-o-Y growth across the forecast period. The lamination adhesives for flexible packaging market in North America is expected to increase 1.5X over the forecast period; while the Latin America market is poised to increase 1.6X over the forecast period.
Key Players:
• H.B. Fuller
• Henkel AG & Co. KGaA
• The Dow Chemical Company
• 3M
• Flint Group
• Arkema Group
• Ashland Inc.
• COIM Group
• Morchem
• DIC Corporation
• Chemline India Ltd
For In-Depth Competitive Analysis, Buy Now@ https://www.persistencemarketresearch.com/checkout/11668
Contact us:
Persistence Market Research
Address - 305 Broadway, 7th Floor, New York City,
NY 10007 United States
U.S. Ph. - +1-646-568-7751
USA-Canada Toll-free - +1 800-961-0353
Sales - sales@persistencemarketresearch.com
About us:
Persistence Market Research, as a 3rd-party research organization, does operate through an exclusive amalgamation of market research and data analytics for helping businesses ride high, irrespective of the turbulence faced on the account of financial/natural crunches.
Lamination adhesives for flexible packaging are one of the emerging adhesive solutions widely used for food packaging. The lamination adhesives for flexible packaging market is estimated to project increased growth throughout the forecast period, driven by factors such as lesser cure time, lesser emission, lower wastage, and higher bond strength. Also, increasing demand for packaged foods in healthcare and personal care products have augmented market growth. However, government initiatives and rising consumer awareness towards usage of eco-friendly adhesives have limited the growth of the lamination adhesives for flexible packaging market.
Order the sample copy of report@ https://www.persistencemarketresearch.com/samples/11668
Market consolidation has been observed as a key trend, with leading market players engaging in strategic mergers and acquisitions to enhance their product portfolio and increase global footprint. Another notable trend indicates that solvent fewer lamination adhesives are fast replacing solvent based adhesives owing to their eco-friendly nature.
The global lamination adhesives for flexible packaging market report is categorically split into three sections - based on product type (further segmented into water based, solvent based, solvent less, and heat/cold seal), end use (further segmented into food packaging, medical packaging, industrial packaging, and other end use), and region.
Browse full report to gain more insights about Lamination Adhesives Market@ https://www.persistencemarketresearch.com/market-research/lamination-adhesives-market.asp
The solvent based product type emerges as the dominant segment due to its wide application in multiple industries. This segment is estimated to account for 42.8% of the overall lamination adhesives for flexible packaging market revenue by the end of 2016. However, the segment is anticipated to lose substantial market share to the solvent less segment, owing to an increasing preference of eco-friendly adhesives among end users. The solvent less segment is estimated to witness fastest Y-o-Y growth during the forecast period from 6.0% in 2014 to 8.2% in 2024.
The food packaging segment stands out among all segments owing to the rising demand for packaged foods. The medical packaging segment is forecasted to be the fastest growing end-use segment owing to a high consumer spending in the healthcare sector and is estimated to expand at a significant CAGR of 6.9% during the forecast period. Food packaging is the key segment driving demand for lamination adhesives - over 60% of the overall market demand is generated by the food packaging segment.
By region, the market is segmented into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. The market in Asia Pacific is anticipated to register a steady Y-o-Y growth from 7.1% in 2014 to 9.0% in 2024.
This market alone is estimated to account for over 40% of the global flexible packaging market in terms of value by the end of 2016. Within the Asia Pacific region, the markets in China and India are anticipated to witness maximum Y-o-Y growth across the forecast period. The lamination adhesives for flexible packaging market in North America is expected to increase 1.5X over the forecast period; while the Latin America market is poised to increase 1.6X over the forecast period.
Key Players:
• H.B. Fuller
• Henkel AG & Co. KGaA
• The Dow Chemical Company
• 3M
• Flint Group
• Arkema Group
• Ashland Inc.
• COIM Group
• Morchem
• DIC Corporation
• Chemline India Ltd
For In-Depth Competitive Analysis, Buy Now@ https://www.persistencemarketresearch.com/checkout/11668
Contact us:
Persistence Market Research
Address - 305 Broadway, 7th Floor, New York City,
NY 10007 United States
U.S. Ph. - +1-646-568-7751
USA-Canada Toll-free - +1 800-961-0353
Sales - sales@persistencemarketresearch.com
About us:
Persistence Market Research, as a 3rd-party research organization, does operate through an exclusive amalgamation of market research and data analytics for helping businesses ride high, irrespective of the turbulence faced on the account of financial/natural crunches.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage
to this press release on woodPRI. woodPRI disclaims liability for any content contained in
this release.
Recommend
/newsMicroencapsulation Market Deep Analysis on Key Players - Dow Corning, Encapsys, Syngenta Crop Protection, Evonik Industries, 3M and Bayer
Market Study Report Adds Global Microencapsulation Market Size, Status and Forecast 2024 added to its database. The report provides key statistics on the current state of the industry and other analytical data to understand the market.
Extensive research is required for choosing the appropriate cor...
/newsGermany Airbag Market Size 2023: Global Share, Industry And Report Analysis By 2030 | Hyundai Mobis Co., Ltd. Key Safety Systems, Inc. Robert Bosch GmbH
Germany airbag market is expected to grow at a CAGR of around 6% during the forecast period. Germany Airbag Market research report refers to gathering and analyzing significant market data serve as best medium for various industry players to launch novel product or service. It is vital for key firms...
/newsSecurities Brokerages And Stock Exchanges Market Outlook 2021: Big Things are Happening
A new intelligence report released by HTF MI with title "Global Securities Brokerages And Stock Exchanges Market Survey & Outlook" is designed covering micro level of analysis by Insurers and key business segments, offerings and sales channels. The Global Securities Brokerages And Stock Exchange...
/newsRenewable Chemicals Market Emerging Trends and Competitive Landscape Forecast to 2028
The renewable chemicals market was valued at US$ 80,566.30 million in 2021 and is projected to reach US$ 1,76,750.76 million by 2028 it is expected to grow at a CAGR of 11.9% from 2021 to 2028. The research report focuses on the current market trends, opportunities, future potential of the market, a...
/newsHow Coronavirus is Impacting Cold Brew Coffee, Global Market Volume Analysis, Size, Share and Key Trends 2020-2026
"Market Latest Research Report 2020:
Los Angles United States, February 2020: The Cold Brew Coffee market has been garnering remarkable momentum in the recent years. The steadily escalating demand due to improving purchasing power is projected to bode well for the global market. QY Research's lates...
/newsCorporate E-Learning Market - Global Industry Size, Share, Key Players Analysis that are Infor, SkillSoft Corporation, Adrenna, CERTPOINT Systems and others with Regional Forecast to 2022
Overview:
E-Learning is used to enhance the learning procedures for newer job requirements and to make employees sound about the internal and external changes in the market and respective organizations. This method has created considerable differences in the ways of training and developing employee...
