North America Laminating Adhesives Market Size By Technology (Solvent-based, Solventless, Water-based), By Resin (Polyurethane, Acrylic) By End-User (Packaging, Industrial, Automotive & Transportation), Industry Analysis Report, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2020 – 2026

North America Laminating Adhesives Market Size

North America laminating adhesives market size was over USD 474.3 million in 2019 and will exhibit 6.6% CAGR throughout the forecast period. Escalating product demand in flexible packaging for food and pharmaceutical sectors will surge the laminating adhesive consumption in North America.
 

Modern packaging is an important component for the storage and distribution of all kinds of products. Apart from aforementioned primary tasks, consumers are demanding more and better information regarding product and content of product. Laminating adhesives are increasingly used in production of flexible packaging and automotive applications.
 

Retail, consumer, and technology trends have contributed to a gradual replacement of rigid packaging products with flexible packaging products. Moreover, the rising population in the region along with stable economy has been the major supportive factor for laminating adhesives growth in North America. Retail and pharmaceutical packaging has been witnessing very strong growth owing to the rising demand for packaged food & beverage and pharma products.
 

Industries, such as automobile and transportation, have been going through weight reduction trends. Adhesives are replacing fasteners in the automotive and transportation industry owing to their high performance and much lower weight. Growth of end-user industries along with increasing product penetration will drive the North America laminating adhesives market during the near future.
 

However, the North America laminating adhesives market share has a strong regulatory environment, which plays a crucial role in market dynamics, working, and its growth. Laminating adhesives are primarily used for flexible packaging, prominently food packaging; thus, regulatory bodies, such as the FDA, have formulated rules and regulations regarding food contact materials.
 

Wide-ranging and crucial food contact guidelines were applied by the U.S. Food and Drug Administration (FDA), which are vital for safeguarding the safety of food items that are ready to be consumed and packaged. These critical food packaging guidelines may prove to be a barrier in the growth of the laminating adhesives industry in the region due to the VoC emissions resulting from the product.
 

North America Laminating Adhesives Market Analysis

Laminating adhesives based on technology has been segregated into solvent-based, solventless, water-based, and a few others such as hot-melt. Water-based laminating adhesives were responsible for a revenue share of over 55% in 2019. They are ecological and cost-efficient alternatives for more sustainable packaging. Water-based laminating adhesives are sustainable attractive alternatives to solvent-based adhesives.
 

Water-based products provide benefits such as cost reduction, time saving, increased flexibility, and improved safety. Brand owners and the general public are increasingly looking for more ecological and safer options, driving the water-based laminating adhesives demand. The increasing demand for sustainable packaging solutions by end-user industries will increase the North America laminating adhesives market demand.
 

Acrylic laminating adhesives held around 50% demand share in 2019. Growth of acrylic-based laminating adhesives is likely to be driven by growth of end-user industries, growth of waterborne laminating adhesives, introduction of new products, and increased demand acrylic-based laminating adhesives from end-user industries. Acrylic-based laminating adhesives are usually waterborne and could be solvent-based. Water-based adhesives are attractive and sustainable alternatives to solventless and solvent-based adhesives. The increasing demand for waterborne adhesives owing to rising VOC regulations will drive the acrylic laminating adhesives market.
 

Based on technology, water-based laminating adhesives held around 90% demand share in acrylic laminating adhesives. Medium and general performance registered around 90% demand share in acrylic-based laminating adhesives.
 

On the basis of end-use technology, the market has been classified into packaging, industrial, automotive & transportation, and a few others such as construction, marine, etc. The packaging industry will consume the maximum growth potential and capability to seize the market growing with a CAGR of 6.5% by 2026. Laminating adhesives are witnessing a very strong demand trend from the packaging industry owing to irreplaceable applications in flexible packaging. Flexible packaging solutions are witnessing increasing demand owing to the rising demand for food & beverage packaging.
 

The flexible packaging industry has been leading the way in packaging innovation since the last six decades. The attributes of flexible packages, such as design & performance, consumer convenience, and sustainability, will positively impact the industry growth during the forecast period. Flexible packaging has been witnessing a strong demand from the food & beverage industry. Strong demand growth of packaging will drive the laminating adhesives market in North America.
 

The. U.S. held a share of more than 73% global market share in 2019. The packaging industry is the largest end-user industry in the region followed by the industrial segment. In the U.S. alone, the per capita consumption of packaged food increased in the past years. The U.S. alone has more than 408 flexible packaging companies, which have been witnessing strong M&A activities over the past few years.
 

The promising growth trend of flexible packaging will continue to support the laminating adhesives during the forecast period. The export of flexible packaging is witnessing sluggish growth; however, import is expected to increase rapidly in the near future. The strong presence of flexible packaging manufacturers along with the rising demand for flexible packaging from end-user industries will drive the North America laminating adhesives market growth. 
 

North America Laminating Adhesives Market Share

The North America laminating adhesives industry is a fragmented industry with the presence of several manufacturers contributing to the market such as

• BASF
• H.B. Fuller Company
• 3M
• Huber Group
• Franklin International
• Dowdupont Inc.
• Ashland Inc.
• Bostik
• Henkel
• Flint Group
• Coim Group
• Vimasco Corporation
• Sika AG
• DIC Corporation
• Mitsui Chemicals

North America laminating adhesives market report includes in-depth coverage of the industry, with estimates & forecast in terms of revenue in Kilo Tons and USD Million from 2016 to 2026, for the following segments:

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By Technology

• Solvent based
• Solventless
• Water based
• Others

By Resin

• Polyurethanes

• By Technology
  • Solvent based
  • Solventless
  • Water based
  • Others
• By Performance
  • High
  • Medium
  • General

• Acrylic

• By Technology
  • Solvent based
  • Solventless
  • Water based
  • Others
• By Performance
  • High
  • Medium
  • General

• Other

• By Technology
  • Solvent based
  • Solventless
  • Water based
  • Others
• By Performance
  • High
  • Medium
  • General

By End-user

• Packaging
• Industrial
• Automotive & Transportation
• Other

The above information is provided on a country basis for the following:

By Country

• U.S.
• Canada
• Mexico