Global Hot Melt Based Packaging Market, By Type (Corrugated Packaging, Case and Carton, Folding Cartons, Flexible Packaging, Others), Raw Material (Polymers, Resins, Waxes, Others), Application (Carton Closing, Pallet Stabilization, Sealing, Others), End User (Healthcare, Building and Construction, Transportation, Footwear and Leather, Paper Industry, Board and packaging, Others) – Industry Trends and Forecast to 2029
Market Analysis and Size
Hot-melt based packaging are generally a thermoplastic materials comprising pigments, and polymers, stabilizers, additives, which has commercially sold in the form of cylinder-shaped solid sticks and are melted in an electronic hot-glue gun. The application is generally by an industrial glue gun. Hot-melt is used in in several applications like packaging, graphic arts, bookbinding, carton-making, tapes and labels. It is mainly used in the packaging of products due to its versatility.
Data Bridge Market Research analyses that the hot melt based packaging market was valued at USD 8.05 billion in 2021 and is expected to reach USD 11.71 billion by 2029, registering a CAGR of 4.8 % during the forecast period of 2022 to 2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, patent analysis and technological advancements.
Report Scope and Market Segmentation
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Report Metric |
Details |
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Forecast Period |
2022 to 2029 |
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Base Year |
2021 |
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Historic Years |
2020 (Customizable to 2014 - 2019) |
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Quantitative Units |
Revenue in USD Billion, Volumes in Units, Pricing in USD |
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Segments Covered |
Type (Corrugated Packaging, Case and Carton, Folding Cartons, Flexible Packaging, Others), Raw Material (Polymers, Resins, Waxes, Others), Application (Carton Closing, Pallet Stabilization, Sealing, Others), End User (Healthcare, Building and Construction, Transportation, Footwear and Leather, Paper Industry, Board and packaging, Others) |
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Countries Covered |
U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America |
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Market Players Covered |
3M (US), Henkel Adhesives Technologies India Private Limited (Germany), Beardow Adams (UK), H.B.Fuller Company (US), AVERY DENNISON CORPORATION (US), Westlake Corporation (US), Dow (US), DuPont (US), Jowat SE (Germany), Evans Adhesive Corporation (US), TOYOBO CO LTD (Japan), Sika AG (Switzerland), Arkema (France), Mitsubishi Chemical holdings Corporation (Japan), Graham Packaging Company (Us), Ashland (US) |
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Market Opportunities |
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Market Definition
Hot melt based packaging product have substantial factors like they are low in regulatory costs and in processing. The hot melt based product have the fastest bonding strength. Hot melt glue uses low energy than other bonding methods. The hot melt glue takes minimum time to set than any other traditional glue during packaging and it is water resistant. They are environmental friendly, more efficient, and cost effective packaging other than traditional based packaging
Hot Melt Based Packaging Market Dynamics
Drivers
- Rising demand in construction sector
Increasing renovation and construction activities of the existing buildings are expected to drive the demand for hot melt packaging due to their numerous applications, including the use of carton for the packaging of ceramic tiles and glasses.
- Huge demand in food and FMCG sector
The significant growth of FMCG and food industry has played vital role in the growth of hot melt packaging market because in the packaging use hot melt adhesive as a raw material which provides superb packaging solutions and are extensively applicable in food and FMCG industry.
- Applicable for various product packaging
Most of the commercial and industrial products are sold in packaged conditions for sustainable storage and transport and due to Increased online and retail shopping have increased the demand for packaged products. This eventually has been a driving factor for hot melt packaging market.
Opportunities
Opportunities in terms of changes in market regulations, emerging revenue pockets, strategic market growth analysis, category market growths and increases market size, application niches and dominance, geographical expansions, product approvals, product launches, technological innovations in the market. To gain more info on hot melt based packaging. Moreover, upsurge in emerging new markets and new strategic collaborations will act as market drivers and further increase valuable opportunities for the market's growth rate.
Restraints/ Challenges
However, hot melt based packaging easy tear and wear-out properties will hinder the hot melt based packaging growth rate. The negative impact of COVID-19 outbreak on supply chain and high cost of raw materials will act as market restraint and further challenge the market growth rate. Non-availability of handle support in paper bags and inability to carry heavy goods are the major market restrains that will obstruct the market's growth rate.
This hot melt based packaging market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the hot melt based packaging market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Hot Melt Based Packaging Market Scope
The hot melt based packaging market is segmented on the basis of types, raw materials, application, and end-user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Types
- Corrugated packaging
- Case and carton
- Folding cartons
- Flexible packaging
- Others
Raw Materials
- Polymers
- Resins
- Waxes
- Others
Application
- Carton closing
- Pallet stabilization
- Sealing
- Others
End-User
- Healthcare
- Building and construction,
- Transportation
- Footwear and leather
- Paper industry
- Board and packaging
- Others
Global Hot Melt Based Packaging Market Regional Analysis/Insights
The hot melt based market is analysed and market size insights trends are provided by country, types, application, raw materials and end-user as referenced above.
The countries are U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa.
Asia-Pacific dominates the hot melt based packaging market share during the forecast period. This is due to the increasing demand for hot melt based packaging in this region. The Asia-Pacific region leads the hot melt based packaging market due to growing e-commerce and online purchasing in this region.
During the projected period, North America is anticipated to be the fastest developing region due to the increasing demand of packaging in retail sector in this region.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Hot Melt Based Packaging Market Share Analysis
The market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to hot melt based packaging market
Some of the major players operating in the hot melt based market are:
- 3M (US)
- Henkel Adhesives Technologies India Private Limited (Germany)
- Beardow Adams (UK)
- H.B.Fuller Company (US)
- AVERY DENNISON CORPORATION (US)
- Westlake Corporation (US)
- Dow (US), DuPont (US)
- Jowat SE (Germany)
- Evans Adhesive Corporation (US)
- TOYOBO CO LTD (Japan)
- Sika AG (Switzerland)
- Arkema (France)
- Mitsubishi Chemical holdings Corporation (Japan)
- Graham Packaging Company (US)
- Ashland (US)
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