How Has the Water Based Laminating Adhesives Market Size Evolved in Recent Years?
The water based laminating adhesives market has seen considerable growth due to a variety of factors.
• In recent years, the market size for water-based laminating adhesives has experienced significant expansion. Its market value is projected to increase from $3.02 billion in 2024 to $3.37 billion in 2025, displaying a compound annual growth rate (CAGR) of 11.8%.
Factors such as a heightened demand for green adhesives, increased consciousness surrounding sustainable packaging solutions, the rise of flexible packaging applications, expansion in the construction sector, and growth in e-commerce packaging have all contributed to the growth observed in the historical period.
What Are The Predictions for The Water Based Laminating Adhesives Market in the Coming Years?
The water based laminating adhesives market is expected to maintain its strong growth trajectory in upcoming years.
• The market size of water-based laminating adhesives is forecasted to experience a significant increase in the coming years. Its value is projected to reach $5.21 billion by 2029, with an 11.5% compound annual growth rate (CAGR). The anticipated surge during this period can be related to the escalated demand for packaged food, heightened usage in food and beverage packing, an increase in automotive applications, growing need in furniture production, and extensive utilization in textiles and clothing. Key market trends over the forecast period encompass technological innovations, malleable packing, curative technologies, biodegradable wrappings, and environment-friendly glues.
Which Drivers Are Accelerating Growth In The Water Based Laminating Adhesives Market?
The notable surge in e-commerce activities is anticipated to stimulate the expansion of the water-based laminating adhesives sector. The essence of e-commerce lies in conducting commercial transactions and offering products or services via the internet. As online shopping becomes increasingly convenient, internet penetration grows, mobile technology evolves, customer experiences get personalized and businesses can reach a worldwide market at lower costs than conventional retail, e-commerce sees unprecedented growth. In this scenario, water-based laminating adhesives become crucial for e-commerce firms, as they provide secure bonding for packaging materials, durability, protection of goods, as well as eco-friendly solutions during dispatch and delivery processes. For example, the United States Census Bureau, a government agency, in a report published in August 2024, stated that the U.S. retail e-commerce sales for the second quarter of 2024 were projected to be $291.6 billion, denoting a 1.3% (±0.7) hike from the first quarter the same year. Estimated total retail sales for the same duration were around $1,826.9 billion, marking a 0.5% (±0.2) rise compared to the first quarter. For this reason, the substantial hike in e-commerce activities is a major propellant for the expansion of the water-based laminating adhesives sector.
What Are The Core Segments Of The Global Water Based Laminating Adhesives Market?
The water-based laminating adhesivesmarket 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
Subsegments:
1) By Polyurethane: Aliphatic Polyurethane, Aromatic Polyurethane, Waterborne Polyurethane Dispersions
2) By Acrylic: Acrylic Emulsions, Acrylic Solutions, Acrylic Polymers
3) By Ethylene Vinyl Acetate (EVA): Low VA Content EVA, High VA Content EVA
4) By Styrene Butadiene Rubber (SBR): Styrene Butadiene Emulsions, Styrene Butadiene Solutions
5) By Polyvinyl Alcohol (PVA): PVA Homopolymers, PVA Copolymers, PVA Blends
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How Are Emerging Trends Reshaping The Dynamics Of The Water Based Laminating Adhesives Market?
Key players in the water-based laminating adhesive market are progressively focusing on innovative product improvements, such as incorporating water-based ink technology. This strategy not only bolsters environmental sustainability but also enhances adhesive capabilities. Water-based ink technology enhances water-based laminating adhesives by minimizing volatile organic compounds (VOCs) and bolstering eco-friendly sustainability. Sun Chemical, a renowned chemical enterprise established in the US, exemplified this trend when it released the SunStrato AquaLam Gen2 ink series in January 2024. This high-end water-based solution offers superior quality lamination and adaptable flexible packaging. These inks boast outstanding printability and robust bond vigor, reducing VOCs and CO2 emissions by 18-20% as opposed to their solvent-based counterparts. This release underscores a significant shift in the water-based laminating adhesive market toward safer, more sustainable alternatives.
Who Are the Key Players In The Water Based Laminating Adhesives Market?
Major companies operating in the water-based laminating adhesives market are:
• 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
What Are The Regional Insights Into The Water Based Laminating Adhesives Market?
North America was the largest region in the water-based laminating adhesives market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the water-based laminating adhesives market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
