According to Persistence Market Research, the global lamination adhesives market for flexible packaging is projected to grow from $1.3 billion in 2016 to $2.2 billion by 2024. Let’s take a closer look at this market’s dynamics and product types.
Lamination Adhesives: Sectors
Lamination adhesives are used in a variety of packaging applications. These include food, healthcare and industrial, due to their high performance and anti-contaminant factors.
Currently, the food sector holds the largest market share and accounts for over 60% of the market demand. This is due to increasing demand for pre-packaged food. However, healthcare is forecast to be the fastest growing, estimated to expand at a CAGR of 6.9% until 2024.
Lamination adhesives offer a range of benefits for these sectors, such as:
- High bond strength
- Lesser cure time
- Fewer emissions
- Lower wastage
These benefits have helped fuel the market’s growth, especially as government initiatives and growing consumer awareness place pressures on eco-friendly adhesive use.
Laminating Adhesives: Market Growth Regions Worldwide
Lamination adhesive demand is growing in the Asia Pacific region in particular. This is due to rising populations and more end-users for food packaging. As a result, this region has the most volume and current value. However, Europe and North America regions as well as India, China, Brazil and Russia are expected to persist as successful markets looking ahead.
Lamination Adhesives: Product Types
Lamination adhesives can be manufactured using solvent-based and solventless formulations in particular.
Currently, solvent-based is the dominating market due to its wide applications. However, as pressures for more eco-friendliness grows, solventless adhesives are expected to experience the fastest growth year-over-year, outpacing solvent-based.
Lamination Adhesives: Bostik Solutions
Bostik offers quality lamination adhesives in both solvent-based and solventless forms.
Bostik’s solvent-based lamination adhesives are applied out of ethyl acetate or acetone using a hardener. The specialty systems are also available in other common solvents such as MEK, toluene or blends.
These lamination adhesives are designed for the aggressive requirements of many industrial applications. They can also run at high speeds for general to high-performance laminations, making them ideal for food and medical packaging applications.
Bostik’s solventless, one-and-two component systems are designed for general purpose to high-performance dry laminations. These lamination adhesives are designed for high-speed laminators and have excellent aesthetics.
Mainly used in food and medical packaging applications, these solventless lamination adhesives are used to bond a variety of films to sealant layers, including those with high slip levels.
Advantages to using Bostik’s solvent-based and solventless lamination adhesives include:
- Improved performance
- Increased profitability
- Operational efficiencies
- Expanded flexibility
Check out the solvent-based infographic and solventless infographic to learn more about their advantages. You can also learn about the applications in this blog post. Call 800-7-BOSTIK, or visit www.bostik.com/us for more information.