Packaging Laminates Market Size & Share | Industry Trends Analysis Report for 2033

ByNiranjan karde

The Packaging Laminates Market is poised for remarkable growth, projected to reach a value of US$ 10,410.2 million by 2033 from US$ 6,274.7 million in 2022, with a substantial CAGR of 5.1%. This surge is driven by escalating demands for information transparency, leading to the rapid adoption of clean-label and smart laminates.

The market’s evolution signifies a shift from traditional packaging to an optimized ecosystem, encompassing cost-effective storage, supply, and product presentation across diverse business sectors. These laminates have become essential components that not only enhance product appeal but also meet the evolving expectations of modern consumers and businesses alike.

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Packaging is critical in product promotion and branding. It has progressed from a requirement of the business strategy to an essential component of the business strategy.

The preference of consumers for packaging laminates to fasten flexible packaging materials is changing as there are more manufacturing facilities, food processing facilities, and industrial production sets.

It is anticipated that rising packaged food spending in both established and emerging nations is likely to fuel the expansion of the laminating adhesive market.

  • Consumers, corporations, and government agencies in the United States spent US$ 1.71 trillion on food and beverages in grocery stores and other shops as well as on takeout meals and snacks in 2018, according to the U.S. Department of Agriculture Economic Research Service.

It is anticipated that developing economies like the BRICS (Brazil, Russia, India, China, and South Africa) can witness a sharp increase in GDP growth. The manufacturing sector is anticipated to rise as a result, which is anticipated to fuel the market expansion of packaging laminates.

Producers are opting to expand their polypropylene production lines, which is an essential raw material for packaging. This scenario is predicted to propel raw material production for packaging solutions in a variety of countries around the world.

Key Trends

  • Packaging laminates printing to enhance brand image and their brand value to meet consumers’ customized requirements are likely to gain momentum during the forecast period.
  • The surge in demand for immunity-boosting foods, hygiene products, and healthcare consumables have augmented the requirement for packaging laminates.
  • Growing adoption of flexible packaging solutions complementing market growth as it enhances the product’s shelf-life and convenient user experience.
  • Expansion of modern retail format allowing to accommodate ready-to-eat packaged foods, pharmaceutical, and cosmetics products, thus boosting demand for packaging laminates

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Packaging Laminates Market – Market Segmentation

Material Type

  • Aluminium Foil
  • Paper & Paperboard
  • Metallized PP
  • Metallized BOPP
  • Metallized OPP
  • Metallized CPP
  • Metallized PET
  • Metallized PA
  • Metallized PE
  • Metallized PVC
  • Others (PVC, EVOH, etc.)

Thickness

  • Up to 30 Microns
  • 30-45 Microns
  • 45-60 Microns
  • Above 60 Microns

Application

  • Aseptic Packaging
  • Non-aseptic Packaging

End-Use Industry

  • Food
  • Salty Snacks
  • Confectionary
  • Tea & Coffee
  • Ready-to-eat Foods
  • Meat, Poultry & Seafood
  • Fruits & Vegetables
  • Others
  • Pharmaceuticals
  • Cosmetics & Personal Care
  • Others