Asia Pacific Dominates Lamination Adhesives for Flexible Packaging Market
The global market share of the lamination adhesives for flexible packaging market is estimated to be $1.3 billion.
The global market share of the lamination adhesives for flexible packaging market is estimated to be $1.3 billion, set to increase to $2.2 billion by 2024, a compound annual growth rate (CAGR) of 6.4% from 2016–2024, according to a recent report from Persistence Market Research.
Lamination adhesives for flexible packaging are one of the emerging adhesive solutions widely used for food packaging. The lamination adhesives for flexible packaging market is estimated to project increased growth throughout the forecast period, driven by factors such as lesser cure time, lesser emission, lower wastage, and higher bond strength. Also, increasing demand for packaged foods in healthcare and personal care products have augmented market growth. However, government initiatives and rising consumer awareness towards usage of eco-friendly adhesives have limited the growth of the lamination adhesives for flexible packaging market.