North America Laminating Adhesives Market Size

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.

To get key market trends

  Download Free Sample

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.