The solvent-based laminating adhesives market size has shown strong growth in recent years, projected to rise from $0.99 billion in 2023 to $1.06 billion in 2024, at a compound annual growth rate (CAGR) of 7.0%. This growth can be attributed to the expanding food packaging industry, heightened concerns regarding food safety, increasing demand for packaging materials, a surge in pharmaceutical needs, and a growing requirement for flexible packaging solutions. In the upcoming years, the market is anticipated to further expand, reaching $1.40 billion in 2028 with a CAGR of 7.2%. This forecasted growth is driven by the rising demand for solvent-based adhesives, the booming e-commerce sector, increasing awareness of environmental regulations, growth in the food and beverage sector, and a heightened demand for processed and packaged foods. Key trends expected to influence the market include advancements in adhesive technology, digitalization in manufacturing, innovative packaging solutions, and improvements in laminating adhesives.
Global Solvent-Based Laminating Adhesives Market Key Driver
The increasing popularity of the food and beverage sector is expected to propel the growth of the solvent-based laminating adhesives market going forward. This sector encompasses a wide range of activities related to processing, packaging, distribution, and serving food and drink products. The growth in the food and beverage sector is driven by rising consumer demand for convenience, diverse food options, and health-conscious products. Solvent-based laminating adhesives are crucial in this industry for creating durable, flexible packaging that preserves product freshness and extends shelf life. For instance, in April 2024, the Australian Bureau of Statistics reported that sales of food and non-alcoholic drinks reached 15.1 million tons in 2021–2022, a significant increase from the 14.8 million metric tons sold in the previous fiscal year of 2020–21. Therefore, the rise in popularity of the food and beverage sector is driving the growth of the solvent-based laminating adhesives market.
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Global Solvent-Based Laminating Adhesives Market Segments
The solvent-based laminating adhesives market covered in this report is segmented –
1) By Type: One Component, Two Component
2) By Type Of Lamination: Film To Film, Film To Foil, Film To Metalized Film
3) By Type Of Packaging: Acetone, Methyl Ethyl Ketone (MEK), Toluene, Ethyl Acetate, Methyl Ethyl Ketone(MEK)- Toluene, Polyol B-Side Curative Hydroxyl, Isocyanate A-Side NCO Adhesive Solvent
4) By End-User: Food, Healthcare, Industrial Packaging, Other End-Users
By Geography:The regions covered in the solvent-based laminating adhesives marker report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
Asia-Pacific was the largest region in the solvent-based laminating adhesives market in 2023. North America is expected to be the fastest-growing region in the forecast period.
Major Solvent-Based Laminating Adhesives Industry Players
3M Company, Henkel Corporation, Sika AG, Arkema S.A., Celanese Corporation, Avery Dennison Corporation, Sun Chemical Corporation, DIC Corporation, H.B. Fuller Company, DuPont de Nemours Inc., Eastman Chemical Company, Ashland Inc., ACTEGA GmbH, Paramelt B.V., IVP Limited, Franklin International, Nan Pao Resins Chemical Co. Ltd., Coim Group, Toyo-Morton Ltd., Megabond (Huangshan) Adhesive Co. Ltd.
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Solvent-Based Laminating Adhesives Market Overview
Solvent-based laminating adhesives are adhesives used to bond multiple layers of materials in packaging and industrial applications. They contain solvents that evaporate during the curing process, creating a strong, durable bond between surfaces such as films, foils, and paper. These adhesives are known for their high heat resistance, flexibility, and superior performance in harsh environments.
Solvent-Based Laminating Adhesives Global Market Report 2023 provides data on the global solvent-based laminating adhesives market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The solvent-based laminating adhesives market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.
