Solventless Laminating Adhesive Market to Grow with a CAGR of 4.18% through 2028

Growing demand for flexible packaging and increasing use of solventless laminating adhesive in the electrical & electronics industry are the major factors driving the Global Solventless Laminating Adhesive market in the forecast period 2024-2028

According to TechSci Research report, “Solventless Laminating Adhesive Market – Global Industry Size, Share, Trends, Competition Forecast & Opportunities, 2028”, the Global  Solventless Laminating Adhesive  Market has valued at USD 488.75 million in 2022 and is anticipated to project robust growth in the forecast period with a CAGR of 4.18% through 2028.

The global solventless laminating adhesive market has witnessed significant developments in recent years, driven by several key trends and innovations. These developments reflect the evolving needs of industries such as packaging, flexible laminates, and labels.

The increasing preference for flexible packaging solutions, driven by changing consumer preferences and sustainability concerns, has fueled the demand for solventless laminating adhesives. Manufacturers are focusing on developing adhesive formulations that provide strong bonds for flexible packaging materials while reducing the environmental impact.

Sustainability has become a central focus in the adhesive industry, including solventless laminating adhesives. Recent developments include the introduction of eco-friendly, low-VOC (volatile organic compounds) formulations that meet stringent environmental regulations. These formulations cater to the demand for sustainable packaging solutions and align with the broader industry trend toward green and recyclable materials.

Innovations in solventless laminating adhesive technology have led to improved adhesive performance. Recent developments include adhesives that offer better adhesion to a wider range of substrates, ensuring strong bonds even in challenging packaging applications. Enhanced heat resistance and barrier properties are also priorities for adhesive manufacturers.

Manufacturers are increasingly offering customized solventless laminating adhesive solutions to meet the unique needs of different industries and applications. This approach allows brands to optimize their packaging designs for specific product requirements, ensuring maximum functionality and shelf appeal.

The rise of digital printing in the packaging industry has led to the development of solventless laminating adhesives that are compatible with various digital printing technologies. These adhesives enable high-quality, flexible packaging with vibrant graphics and variable data printing.

Ongoing research and development efforts are leading to technological advancements in solventless laminating adhesive formulations. These advancements include improved cure times, reduced waste, and enhanced adhesive properties, contributing to greater efficiency and cost-effectiveness for manufacturers.

In summary, recent developments in the global solventless laminating adhesive market reflect a shift towards sustainable and high-performance solutions to meet the evolving needs of industries like packaging and flexible laminates. The industry's focus on customization, compatibility with digital printing, and ongoing technological advancements is expected to drive further growth in the solventless laminating adhesive market as it continues to adapt to changing market dynamics and environmental considerations.

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The Global Solventless Laminating Adhesive Market is segmented into type, application, regional distribution, and company.

Based on the application, The food packaging segment is projected to experience rapid growth during the forecast period. Food packaging is a critical application area for solventless laminating adhesives. Consumers prioritize food safety, freshness, and sustainability. Solventless laminating adhesives are well-suited to meet these requirements, as they provide secure and airtight seals that preserve the quality of packaged food products. Additionally, they are often preferred in applications involving microwaveable or heat-sealed food packaging due to their resistance to heat.

The Asia-Pacific region stands as a dominant force in the global Solventless Laminating Adhesive market, with several emerging economies playing pivotal roles. Notably, China and India have emerged as major drivers of this market's growth.

The Asia-Pacific region has firmly established its dominance in the global market share of laminating adhesives. This supremacy can be attributed to the burgeoning manufacturing activities and a growing requirement for flexible packaging in countries like China, India, and Japan.

Asia-Pacific stands as the largest consumer within the packaging industry, primarily driven by the substantial demand for food in major economies such as China, India, and Japan. China, although a late entrant into the packaging sector, has witnessed remarkable growth over the decades, owing to factors like a burgeoning middle-class population, improved supply-chain systems, and the emergence of e-commerce activities.

The growth of the packaging industry in China is further propelled by heightened attention to food safety and quality, particularly in the post-pandemic era. This renewed focus is expected to boost the food processing industry, subsequently driving down the demand for packaging in the years to come.

India, another significant consumer of packaged foods and beverages, anticipates substantial growth in its packaging industry, with projections from the Packaging Industry Association of India (PIAI) indicating a 22% growth during the forecast period. The demand for frozen foods in India is also projected to witness approximately 17% growth in the coming years. Additionally, with the Indian government's emphasis on the food processing sector, there is an expected surge in the supply of processed agri-foods, which is likely to stimulate demand for the packaging industry and, consequently, contribute to the growth of the laminating adhesives market. Given these factors and the supportive stance of governments, the Asia-Pacific region is poised to witness a significant surge in laminating adhesives consumption during the forecast period.

Major companies operating in Global Solventless Laminating Adhesive Market are:

• Ashland Inc
• Dow Inc
• Songwon International AG
• Bostik SA
• Morchem SA
• DIC Corp
• ACTEGA Kelstar, Inc.
• Toyochem Co Ltd
• Toyo-Morton Ltd
• BASF SE

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“The Global Solventless Laminating Adhesive Market is experiencing robust growth driven by several key factors. Growing demand for flexible packaging solutions, particularly in the food and beverage industry, is a primary driver. As consumers increasingly opt for convenience and sustainable packaging, solventless laminating adhesives are gaining prominence for their eco-friendly and high-performance attributes. Additionally, the market is benefiting from the rising emphasis on sustainable packaging practices and the adoption of low-VOC formulations. This aligns with global efforts to reduce environmental impact and comply with stringent regulations.

Despite these positive trends, challenges such as the higher cost of solventless adhesives and a lack of awareness among some users hinder market growth. However, the market is adapting by offering water-based solventless laminating adhesives, addressing both cost concerns and sustainability demands. Therefore , the Global Solventless Laminating Adhesive Market is poised for continued growth, driven by the expanding flexible packaging sector, eco-conscious consumer preferences, and advancements in adhesive technology,” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based management consulting firm.

“Solventless Laminating Adhesive  Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028 Segmented by Type (Isocyanate, Polyol), By Application (Food Packaging, Beverage Packaging, Others), By Region, and By Competition”, has evaluated the future growth potential of Global Solventless Laminating Adhesive Market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in Global Solventless Laminating Adhesive Market.

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