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The market is being propelled by the increasing demand for laminating adhesives in food and beverage packaging. As laminating adhesives can aid in the creation of extremely efficient packaging solutions, they are increasingly deployed in various applications, which is driving the market growth. In addition, the rising demand for flexible packaging in major industries is leading to a surge in the use of laminating adhesives, which is significantly contributing to the market growth. The increasing use of bio-based raw materials in lamination adhesives to boost their sustainability and biodegradability is expected to drive the growth of the market. Moreover, the growing focus on food hygiene, along with the introduction of various stringent measures regarding food safety, is increasing the use of laminating adhesives to prevent food contamination. Furthermore, the development of innovative methods to shorten production-to-consumer times while boosting lamination speed is predicted to propel the market for laminating adhesives in the forecast period.
DIC India Limited (NSE: DICIND), one of the leading companies in the market, launched DIC India Ink Master App, its first mobile application in India, in October 2020. With the launch, the company aims to digitise their businesses and interaction with consumers to future-proof services. The application lists down operational problems and solutions associated with news inks, lamination adhesives, and offset printing, among others. Such solutions are increasing the accessibility to innovative laminating adhesives and significantly contributing to the growth of the industry.
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The major players in the global laminating adhesives market are Henkel AG & Co. KGaA, 3M Company, Evonik Industries AG, DIC India Limited, and DuPont de Nemours, Inc., among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.
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