Lamination adhesive is a type of glue that holds the materials together and also provides excellent properties such as chemical & heat resistance, flame resistance, optical clarity, thermoforming capability, and electrical insulation. Moreover, they are also lightweight, easy to handle, and provide damage resistance. Lamination adhesive for flexible packaging acts as raw material for producing products for consumer durable industries. Pharmaceutical, medical, agricultural containers, and the food industry are some of the major end-user of lamination adhesive for flexible packaging.

The global lamination adhesives for flexible packaging market is projected to surpass US$ 2600 million by the end of 2027, in terms of revenue, growing at cagr of 6.6% during the forecast period (2020 to 2027).

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Market Opportunities
Rising demand for solvent-less adhesives is expected to offer an enormous potential opportunity to the market of lamination adhesive for flexible packaging. For instance in July 2019, Uflex Limited has introduced a general performance, single component solvent-less PU adhesive – FLEXBON OC512. The moisture curing adhesive is designed for laminating film with printed and un-printed board or paper, with an average coating weight of 3 to 5 GSM.

Market Trends
The growing demand for laminate adhesives from the automotive industry is projected to augment market growth over the forecast period. Laminate adhesive provides strong bonding that conventional technology which makes them ideal for automotive application such as fenders, body panels, heat shields, grille opening reinforcement (GOR), headlamp reflectors and picks up boxes. Thus emerging application of laminate adhesives across the automotive industry is expected to propel the market growth.
Detailed Segmentation:

• Global Lamination Adhesives for Flexible Packaging Market, By Product Type:
◦ Water-Based
◦ Hot/Cold Seal
◦ Solvent Less
Global Lamination Adhesives for Flexible Packaging Market, By End-User:

• Food Packaging
• Medical Packaging
• Industrial Packaging

Competitive Section: H.B. Fuller, Henkel AG & Co. KgaA, The Dow Chemical Company, 3M, Flint Group, Arkema Group, Ashland Inc., COIM Group, Morchem, DIC Corporation, and Chemline India Ltd.

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