A recent report about the lamination market shows it is a really good time to be involved. The forecast is for impressive growth in the next few years. Driving this is more demand from businesses in a number of industries. In addition, there is a wave of support for more sustainable and recyclable products, especially packaging. Laminating services are in the spotlight, and there is plenty of work going on to develop new products.
The big picture
The headline from the report by DataM Intelligence is the global laminating film market will grow massively between now and 2032. In 2023 it was worth over $6.4bn. A year later it was up to $6.8bn. By the end of the period, the estimate is it will exceed $11.6bn as growth accelerates. Impressively, the estimation is we’ll see 7% annual growth.
One of the main reasons for the growth and forecast is laminates are useful in so many different industries. This includes food and beverage, pharmaceuticals, electronics, and automotive. High quality films can provide many benefits for a variety of products. Most notably, they can increase shelf life by protecting against moisture, UV, oxygen, and chemicals. They are excellent from an aesthetic standpoint too, providing scratch and wear resistance.
Boom in the US
The demand for laminating services in the US is one of the biggest global drivers. There is an impressive upward trajectory for laminate, especially premium and recyclable products. Much of this is driven by businesses making the transition and consumers demanding greener, more sustainable solutions.
If you look at specific industries, demand in the US is particularly high for food and beverage manufacturers, commercial printing, and e-commerce. In all three, the main factor is to make products last longer.
Interestingly, the US has also become a major source of innovation and technological advancements. Notably, they are doing really impressive work with things like multi-layer films. These can offer even better barrier protection. There is a big push for better antimicrobial laminates for health and safety applications such as pharmaceuticals too.
In terms of sustainability, a big focus is on developing bio-based laminates. They would allow a move away from fossil fuels. Demand for biodegradable laminate is also growing too.
One of the top providers of laminating services in the UK
The growth and development of the laminating film market in the US reflects similar developments in various other countries. Much of this is driven by demand from businesses as well as changing behaviour from consumers. We’re happy to support clients in the UK who want to arrange solutions for different products. Crucially, we have laminates to provide the best combination of characteristics for any needs.
So, if you want to arrange laminating services, speak to us. We can even share our knowledge and experience if you want to ensure you get the best results.