To Overcome Such Challenges, Companies Need To Diversify Their Sourcing Strategies And Identify Reliable Alternative Suppliers In Other Regions Like The US, Middle East And Asia Pacific. Close Monitoring Of Geo-Political Risks And Developing Contingency Plans Well In Advance Will Help Minimize Supply Interruptions. Adhesive Makers Also Require Implementing Price Increase Strategies Judiciously To Pass On The Rising Input Costs Without Significantly Impacting The Demand. Collaborating With Packaging Converters And Brand Owners Will Be Crucial To Share The Additional Cost Burden. Further Developing Innovative Adhesive Solutions Using Sustainable Chemistries Can Drive Future Growth Despite Volatile Market Conditions.
Geographical Concentration Of Market Value
In Terms Of Value, North America Currently Accounts For The Largest Share Of The Global Lamination Adhesives For Flexible Packaging Market Demand Estimated At Over 35% In 2024. This Is Attributed To Strong Demand From The Well-Established Food, Consumer Goods And Medical Sectors. The US Dominates Flexible Packaging Consumption Within The Region.
Asia Pacific Is Emerging As The Fastest Growing Regional Market Projected To Increase At A CAGR Of Over 15% During The Forecast Period. Rapid Industrialization, Rising Incomes, Growing Middle Class Population And Urbanization Are Fueling The Demand For Consumer Packaged Goods In Countries Like China, India And Other Southeast Asian Countries. The Preference For Flexible Packaging Over Rigid Ones From Both Brand Owners As Well As Consumers Due To Advantages Like Lightweight And Effective Branding Visibilities Is Propelling The Uptake Of Laminating Adhesives Across Asia Pacific.
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