Table of Contents
Historical Data, Premium Insights, Market Dynamic, Analysis and Projection, By Product, Analysis and Projection, By Application, Analysis and Projection, By End-Use, Analysis and Projection, By Regional Analysis, Competitive Landscape, Company Profiles, Market Revenue, Sale and Price Analysis
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According to a research report published by Spherical Insights & Consulting, The Global Packaging Laminates Market Size is Expected to Grow from USD 6.05 Billion in 2023 to USD 8.87 Billion by 2033, at a CAGR of 3.90% during the forecast period 2023-2033.
Browse 210 Market Data Tables And 45 Figures Spread Through 190 Pages and In-Depth TOC On the Global Packaging Laminates Market Size, Share, and COVID-19 Impact Analysis, By Material (Aluminium Foil, Paper & Paperboard), By Thickness (Up To 30 Microns, 30 To 45 Microns and Above 60 Microns), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 - 2033.
The industry that manufactures and markets laminated films and materials for a range of packaging applications is known as the packaging laminates market. Usually made up of several layers of materials such as paper, plastic, aluminum, or biodegradable films, these laminates are bonded together to produce improved barrier qualities and functionality. Bonding two or more flexible packaging films together produces multi-layered materials known as packaging laminates. The properties of various materials, such as paper, plastic, aluminum, and biodegradable films, are combined in this process to produce a package that is stronger, more resilient, and more protective. Furthermore, accelerated global growth in the packaged food and beverage industry is one of the main factors propelling the packaging laminates market. High-performance laminated materials that guarantee longer shelf life, moisture resistance, and contamination protection are becoming more and more necessary as a result of rapid urbanization, shifting consumption patterns, and the rising demand for convenience foods. However, the market for packaging laminates is severely hampered by the fluctuating prices and supply of essential raw materials, such as adhesives, polyester, polyethylene, and aluminum foil.
The plastic segment dominated the largest share in 2023 and is anticipated to grow at a significant CAGR during the forecast period.
Based on the material, the global packaging laminates market is divided into by material aluminium foil, paper & paperboard. Among these, the plastic segment dominated the largest share in 2023 and is anticipated to grow at a significant CAGR during the forecast period. The market is still dominated by plastic-based laminates because of their remarkable adaptability, affordability, and ability to effectively preserve barrier qualities. Brands from a variety of industries are focusing on strong, lightweight packaging to support high-speed filling lines and ensure product safety during long-distance shipping.
The 30 to 45 microns segment held the highest share in 2023 and is anticipated to grow at a significant CAGR during the forecast period.
Based on the thickness, the global packaging laminates market is divided into up to 30 microns, 30 to 45 microns, and above 60 microns. Among these, the 30 to 45 microns segment held the highest share in 2023 and is anticipated to grow at a significant CAGR during the forecast period. In industries where low cost, high speed, and light weight are essential, laminates with a thickness of 30 to 45 microns are becoming more and more popular. Single-use sachets and smaller volume packs in the personal care, condiment, and pharmaceutical industries are best suited for this thickness category.
Asia Pacific is anticipated to hold the highest share of the global packaging laminates market over the projected period.
Asia Pacific is anticipated to hold the highest share of the global packaging laminates market over the projected period. The demand for single-serve, shelf-stable, and reasonably priced packaged goods is at an all-time high due to rapid urbanization, population growth, and growing middle-class demographics. This increase is forcing both domestic and international brands to spend money on effective, reasonably priced laminates that provide protection, durability, and printability in a variety of climates.
North America is estimated to grow at the fastest CAGR in the global packaging laminates market during the forecast period. Brands are being forced to use multi-layered laminates with improved barrier and printability qualities as a result of consumers' growing desire for longer shelf lives, clear labeling, and convenient packaging. The demand for locally produced, performance-driven laminate solutions that adhere to FDA and USDA safety standards is being directly increased by the region's resurgence in regional investments in food manufacturing.
Company Profiling
Major vendors in the global packaging laminates market are Amcor Plc, Berry Global Inc., Mondi Plc, Pro Ampac LLC, Constantia Flexibles Group, Coveris Packaging, Andpak Inc., Montebello Packaging Inc., Elitefill Inc., Kimac Industries, C-P Flexible Packaging, Aaron Thomas Company, and Inc. and others.
Key Target Audience
Market Segment
This study forecasts revenue at the global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the global packaging laminates market based on the below-mentioned segments:
Global Packaging Laminates Market, By Material
Global Packaging Laminates Market, By Thickness
Global Packaging Laminates Market, By Regional
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