The laminate packaging market is a high-quality packaging solution with uniformity and high puncture resistance. Strong sealing strength and improved blocking properties.
Features such as high puncture and tear resistance, long shelf life and improved aesthetics are driving adoption of custom packaging solutions. Based on these trends, Future Market Insights (FMI) predicts that the global packaging laminate market will reach $9 billion by 2030.
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The demand for effective packaging solutions has taken center stage across key industry sectors. Reliance on traditional glass- and metal-based packaging is becoming less and less, and more flexible and lightweight packaging materials such as PP, paper and aluminum foil are preferred.
Increasing adoption of flexible packaging solutions
As research and development (R&D) activity increases, suppliers have successfully introduced packaging solutions that can extend the shelf life of products and provide a convenient user experience. Major industries such as pharmaceutical, food and cosmetic are increasingly adopting lightweight packaging solutions, increasing their growth prospects for the future.
Corona 19 Impact Insights
The COVID-19 pandemic has caused major slump in several end-use industries due to disruptions to production cycles amid strict lockdowns. Decreasing industrial production has also hampered demand for packaging laminates in key areas. However, demand is mostly maintained in the food and pharmaceutical industries.
Recycling and disposal issues hindering growth
The environmental impact of polymers significantly hinders the growth of the packaging laminates market. Over the years, demand has shifted to multi-layer packaging due to desired features, thickness and increasing application. Packaging Laminate provides multi-layered metallic and non-met
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Highlights of Packaging Laminate Study
- Europe and East Asia jointly dominate the market, accounting for nearly 40% of the revenue share.
- The food industry witnesses the largest application of packaging laminates, accounting for more than half of the overall market share.
- Aseptic packaging to replace growth in aseptic packaging, accounting for more than 50% of sales
- Registering Incremental Opportunities Worth $1.6 Billion by 2030
- Global Packaging Laminate Market to Register a Value CAGR of ~5% in 2020-2030
Competitive Information
Packaging Laminate players rely on strengthening their regional distribution networks and expanding their product portfolios by providing industry-specific packaging solutions. Besides, they also rely on acquisitions and collaborations with rival players.
For example, Mondi Group Plc is generating significant revenue by targeting industrial and consumer packaging needs. The product portfolio includes textile wrapping paper, wrapping paper, consumer wrapping paper and uncoated premium paper.
Key Segments Of Packaging Laminates Industry Survey
Packaging Laminates Market By Material:
- Aluminium Foil
- Paper and Paperboard
- Metallized PP
- Metallized BOPP
- Metallized OPP
- Metallized CPP
- Metallized PET
- Metallized PA
- Metallized PE
- Metallized PVC
- Others (PVC, EVOH, etc.)
Packaging Laminates Market By Thickness:
- Up to 30 Micron Packaging Laminates
- 30-45 Micron Packaging Laminates
- 45-60 Micron Packaging Laminates
- Above 60 Micron Packaging Laminates
Packaging Laminates Market By Application:
- Aseptic Packaging
- Non-Aseptic Packaging
Packaging Laminates Market By End-use Industry:
- Packaging Laminates for Food
- Salty Snacks
- Confectionery
- Tea & Coffee
- Ready to eat Foods
- Meat, Poultry, & Seafood
- Fruits & Vegetables
- Others
- Packaging Laminates for Pharmaceuticals
- Packaging Laminates for Cosmetics & Personal Care
- Others
Packaging Laminates Market By Region:
- North America Packaging Laminates Market
- Latin America Packaging Laminates Market
- Europe Packaging Laminates Market
- East Asia Packaging Laminates Market
- South Asia & Pacific Packaging Laminates Market
- Middle East & Africa (MEA) Packaging Laminates Market
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Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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