The water-based laminating adhesives market size has grown rapidly in recent years, expected to rise from $2.71 billion in 2023 to $3.02 billion in 2024, reflecting a compound annual growth rate (CAGR) of 11.4%. This growth during the historical period can be attributed to increasing demand for eco-friendly adhesives, heightened awareness of sustainable packaging solutions, expansion in flexible packaging applications, development within the construction industry, and growth in e-commerce packaging. Furthermore, the market is projected to grow significantly in the next few years, reaching $4.67 billion by 2028 at a CAGR of 11.6%. Factors contributing to this anticipated growth include the rising demand for packaged food, increased usage in food and beverage packaging, growing automotive applications, heightened demand in furniture manufacturing, and greater use in textiles and apparel. Key trends driving the market forward include advancements in technology, flexibility in packaging, innovative curing technologies, biodegradable packaging options, and eco-friendly adhesive developments.
Global Water-Based Laminating Adhesives Market Key Driver
The significant growth in e-commerce is expected to drive the water-based laminating adhesives market. E-commerce is rising due to the convenience of online shopping, widespread internet access, and personalized customer experiences. Water-based laminating adhesives are crucial for bonding packaging materials, ensuring durability, and providing eco-friendly solutions in shipping. In the second quarter of 2024, U.S. retail e-commerce sales were estimated at $291.6 billion, reflecting a 1.3% increase from the first quarter. Total retail sales for the same period were estimated at $1,826.9 billion, rising by 0.5%. Thus, the growth of e-commerce is supporting the water-based laminating adhesives market.
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Global Water-Based Laminating Adhesives Market Segments
The water-based laminating adhesives market covered in this report is segmented –
1) By Type: Polyurethane, Acrylic, Ethylene Vinyl Acetate (EVA), Styrene Butadiene Rubber (SBR), Polyvinyl Alcohol (PVA)
2) By Technology: Solventless, Solvent Based
3) By Substrate: Film To Film, Film To Paper
4) By Application: Packaging, Industrial, Automotive And Transportation, Furniture, Consumer Goods, Electronics
By Geography:The regions covered in the water-based laminating adhesives market report areAustralia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
North America was the largest region in the water-based laminating adhesives market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period.
Major Water-Based Laminating Adhesives Industry Players
BASF SE, 3M Company, Fujifilm Corporation, Evonik Industries AG, Parker Hannifin Corporation, Arkema S.A., Sika AG, DIC Corporation, H.B. Fuller Company, Nippon Shokubai Co. Ltd., Henkel AG & Co. KGaA, Flint Group, tesa SE, Pidilite Industries Limited, Paramelt B.V., Franklin International Inc., Weilburger Graphics GmbH, Jowat SE, Kleiberit Adhesives GmbH & Co. KG, Morchem Inc., SAPICI S.p.A, Collano Adhesives, BondTech Industries Inc., Vimasco Corporation
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Water-Based Laminating Adhesives Market Overview
Water-based laminating adhesives are adhesives that utilize water as the main solvent to dissolve or disperse their adhesive components. They are commonly used to bond substrates together in applications such as packaging and print materials. These adhesives are environmentally friendly due to their low volatile organic compound (VOC) content and are safer to handle compared to solvent-based options. They typically dry by evaporation of water and are easy to clean up with water.
Water-Based Laminating Adhesives Global Market Report 2023 provides data on the global water-based laminating adhesives market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The water-based laminating adhesives market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.
