According to a new report published by AkVis Intelligence titled, “Laminating Adhesives Market by Application and Packaging Type: Global Opportunity Analysis and Industry Forecast, 2024–2032,” Laminating Adhesives Market Size Was Valued at USD 3.81 Billion in 2023, and is Projected to Reach USD 6.55 Billion by 2032, Growing at a CAGR of 6.2 % From 2024-2032.

Laminating adhesives are crucial for creating composite films that offer enhanced functionalities by bonding multiple film layers together. These adhesives penetrate surface imperfections and solidify to form a strong connection. They achieve adhesion through physical and chemical interactions. Physically, they rely on secondary bonding forces involving dipole interactions between adhesive and adherend molecules, known as intermolecular forces. As more molecules interact, the bond between the film layers strengthens. Chemically, laminating adhesives can form main bonding forces through covalent bonds, where electrons are shared between adhesive and adherend molecules, or hydrogen bonds, where a hydrogen atom in the adhesive connects with an electronegative atom in the adherend, both resulting in durable bonds.

These adhesive technologies are widely used in industries like packaging to produce multi-layer films with specific properties such as barrier protection, heat resistance, or optical clarity. By selecting the appropriate laminating adhesive, manufacturers can enhance the durability and functionality of products across various sectors, including food packaging and industrial applications. This allows for improved performance and tailored qualities in end-use applications, ensuring that the chosen adhesive meets the specific requirements of the product.

According to the global Laminating Adhesives market analysis is segmented into Resin Type, Technology, End-User, and region. By Resin Type, the market is categorized into Polyurethane, Acrylic, Others. By Technology, the market is categorized into Solvent-based, Water-Based, Solvent-less. By End-User, the market is categorized into Packaging, Industrial, Automotive & Transportation. By geography, it includes North America, Europe, Asia-Pacific, and LAMEA markets. Further, the report also covers the strategies adopted by key market players to sustain a competitive environment and increase their market share.

The rising demand for packaged products in sectors such as food and beverage, healthcare, and consumer goods is significantly boosting the laminating adhesives industry. Hot melt PUR (polyurethane reactive) adhesives and pressure-sensitive adhesives (PSAs) are favored for their strong bonding capabilities and ease of application, particularly in paper and foam packaging. Epoxy-based adhesives are also highly effective for materials like aluminum and plastic, ensuring robust adhesion and durability. The versatility of laminating adhesives allows manufacturers to meet diverse packaging requirements, guaranteeing safe and secure sealing during storage and distribution.

The growth of digital printing technologies in packaging presents a substantial opportunity for the laminating adhesives market. Digital printing offers flexibility and customization, enabling cost-effective production of small print batches and reducing setup times, which caters to the growing demand for personalized packaging solutions. This method also supports sustainability by minimizing waste associated with traditional printing. Digital printing can adapt to various packaging formats and materials, such as flexible packaging, labels, and cartons, enhancing the applicability of laminating adhesives.

Global Laminating Adhesives Market, Segmentation

Laminating Adhesives Market Segmented on the basis of Resin type, Technology,  End-users and Region.

Technology:

The Technology segment is further classified into Solvent-Based, Water-Based, Solvent-Less. Among these, the Solvent-based sub-segment accounted for the highest market share in 2023. Solvent-based adhesives are favored for their quick curing times, ideal for fast-paced production in flexible packaging and labeling. Their strong adhesion and resistance to heat and chemicals make them suitable for demanding conditions like food packaging, where sterilization and chemical contact are common. These adhesives are particularly popular in industries requiring robust and reliable material bonding, driving market growth. Their flexibility, durability, and effectiveness ensure their continued use across various industrial fields, making them vital in modern manufacturing.

End-User:

The End-User segment is further classified into the Packaging, Industrial, Automotive & Transportation. Among these, the packaging, sub-segment is anticipated to show the fastest growth by 2032. The laminating adhesives market is expanding significantly, driven primarily by the packaging sector. Consumer preference for visually appealing and convenient packaging has increased demand. These adhesives create layered materials that enhance product protection, shelf life, and aesthetics. E-commerce growth has further boosted the need for durable packaging, increasing laminating adhesive usage. Additionally, the shift towards sustainability has led manufacturers to develop eco-friendly adhesives to meet regulatory and consumer demands. Lightweight packaging, which reduces shipping costs and environmental impact, also relies on laminating adhesives, highlighting their critical role in the evolving packaging industry.

Region:

The Laminating Adhesives market in Asia-Pacific is projected to show the fastest growth by 2032. The global laminating adhesives market is heavily influenced by the Asia-Pacific (APAC) region, driven by rapid industrial growth and manufacturing demand. Key factors include fast urbanization and industrialization in China, India, and Southeast Asia, increasing the need for packaging materials. APAC's strong manufacturing sector supports various industries such as food and beverage, healthcare, automotive, and electronics, with packaging, insulation, and protective coatings heavily relying on laminating adhesives. Innovations in adhesive formulations and application methods, supported by local and multinational R&D, contribute to market growth. Favorable government regulations and foreign investment in China, India, and Vietnam, along with a growing middle class demanding higher-quality packaged products, further reinforce APAC's dominance in the global laminating adhesives market.

Some of The Leading/Active Market Players Are-

• 3M Company (United States)
• H.B. Fuller Company (United States)
• The Dow Chemical Company (United States)
• Ashland Global Specialty Chemicals Inc. (United States)
• LORD Corporation (United States)
• Hexion Inc. (United States)
• Huntsman Corporation (United States)
• Avery Dennison Corporation (United States)
• Pidilite Industries Limited (India)
• Arkema S.A. (France) and Other Active Players

Key Industry Developments

• In May 2024, Arkema acquired Dow’s flexible packaging laminating adhesives business, a leading producer in the flexible packaging market. This acquisition included a portfolio generating annual sales of approximately US$250 million. With this strategic move, Arkema enhanced its position in the adhesive solutions sector, gaining a significant market share in flexible packaging laminating adhesives.
  
  
• In April 2024, Flow Materials launched a new range of solvent-free, water-based adhesive solutions, positioning them as a sustainable option for flexible packaging. Headquartered in Zug, Switzerland, and serving the UK and EU, the company supplied adhesives to flexible packaging converters. Flow Materials developed a portfolio of solvent, solvent-free, and water-based adhesives, collaborating with customers in the UK, Germany, and Italy to enhance supply performance.

Key Findings of the Study 

• Packaging segment held the largest share of 49.32 % in 2023 of the total Laminating Adhesives market.   
• The APAC region is expected to continue to lead the market followed by North America during the forecast period.
• Laminating Adhesives Market Size Was Valued at USD 3.81 Billion in 2023, and is Projected to Reach USD 6.55 Billion by 2032, Growing at a CAGR of 6.2 % From 2024-2032.