What Is The Definition Of The Global Water-Based Laminating Adhesives Market?
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 2024 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.
How Is The Global Water-Based Laminating Adhesives Market Size Expected To Change, And What Are The Growth Rate Projections?
The water-based laminating adhesives market has expanded significantly in recent years, with an expected increase from $2.71 billion in 2023 to $3.02 billion in 2024, growing at a CAGR of 11.4%. The historical growth has been driven by a growing demand for eco-friendly adhesives, increased awareness of sustainable packaging, flexible packaging applications, growth in construction, and e-commerce packaging needs. The market is forecasted to grow to $4.67 billion by 2028, at a CAGR of 11.6%, driven by rising demand for packaged food, increased use in food and beverage packaging, automotive applications, furniture manufacturing, and textiles. Trends in the forecast period include technological advancements, flexible packaging, biodegradable packaging, and eco-friendly adhesives.
Which Drivers Are Accelerating Growth In The Water-Based Laminating Adhesives Market?
The rapid growth of the e-commerce sector is expected to drive the expansion of the water-based laminating adhesives market in the future. E-commerce businesses, which operate online, are experiencing increased popularity due to the convenience of online shopping, widespread internet access, advancements in mobile technology, personalized shopping experiences, and the ability to operate globally at lower costs than traditional retail. Water-based laminating adhesives are crucial in e-commerce for securely bonding packaging materials, ensuring product durability and protection during shipping. For example, a report from the U.S. Census Bureau in August 2024 revealed that U.S. retail e-commerce sales for Q2 2024 reached $291.6 billion, a 1.3% increase from Q1 2024. This growth in e-commerce activity is fueling the water-based laminating adhesives market.
Get Your Free Sample of the Global Water-Based Laminating Adhesives Market Report
What Are The Core Segments Of The Global Water-Based Laminating Adhesives Market?
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
Which Emerging Trends Are Reshaping The Water-Based Laminating Adhesives Market Size?
Top companies in the water-based laminating adhesive market are focusing on sustainable advancements like water-based ink technology, which reduces volatile organic compounds and enhances environmental sustainability. In January 2024, US-based Sun Chemical introduced the SunStrato AquaLam Gen2 ink series, offering high-quality laminating solutions with reduced VOC emissions and improved adhesion properties. This innovation supports eco-friendly packaging while maintaining superior performance.
What Is The Largest Region In The Water-Based Laminating Adhesives Market?
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. 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.
