The global laminating adhesives market is estimated to grow at a compound annual growth rate (CAGR) of 6.42% during the forecast period.
The laminating adhesives market is expected to reach $12.3 billion by 2021, according to the report “Laminating Adhesives Market: By Type (solvent-base, solvent-less, water-base and others); By Application (flexible packaging, industrial, automotive and others); By Geography-Forecast (2017 - 2021)” published by IndustryARC.
Growing usage of laminating adhesives in flexible packaging, as well as the automotive sector, is reportedly all set to escalate the laminating adhesives market. Laminating adhesives have been extensively used in flexible packaging applications over the past few years across the globe. Among the various applications served by flexible packaging, the report finds its use majorly in food and beverage industry.