Hot Melt Adhesive Market Size to Reach Revenues of USD 14.29 Billion by 2026 - Arizton

Key Highlights Offered in the Report:   Key Highlights Offered in the Report:  Key Offerings: Get your sample today! https://www.arizton.com/market-reports/hot-melt-adhesives-market-size   Hot Melt Adhesive Market – Segmentation Hot Melt Adhesive Market by Raw Materials Hot Melt Adhesive Market by Product Form Hot Melt Adhesive Market by Application Hot Melt Adhesive Market by End-User Hot Melt Adhesive Market by Distribution Channel Hot Melt...

Key Highlights Offered in the Report:  

Key Offerings:

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Hot Melt Adhesive Market – Segmentation

Hot Melt Adhesive Market by Raw Materials

Hot Melt Adhesive Market by Product Form

Hot Melt Adhesive Market by Application

Hot Melt Adhesive Market by End-User

Hot Melt Adhesive Market by Distribution Channel

Hot Melt Adhesive Market – Dynamics

Bio-based adhesives are gaining high attraction with the rise in the need for sustainable products. Bio-based hot melts contain around 60% renewable, naturally obtained resin content. These bio-based hot melt adhesives are economical and offer high penetration into fibers of cartons and other materials to build a strong bond. Thus, various vendors are initiating to offer such bio-based adhesives. For instance, in 2019, Jowat launched a new Jowatherm GROW product range, which includes bio-based hot melts for eco-friendly packaging. The product contains high renewable raw material. Most bio-based packaging adhesives are hot melt adhesives, and these are significantly greener than their conventional alternatives. These bio-based adhesives are used for tray forming, top & bottom case sealing, carton sealing, and wraparound carton sealing.

Key Drivers and Trends fueling Market Growth:

Hot Melt Adhesive Market – Geography

In North America, the demand for adhesives mostly comes from the packaging industry and is likely to continue as a key driving factor for the adhesive market. The hot melt packaging market in North America is expected to witness moderate growth and is expected to witness an absolute growth of 39% between 2020 and 2026, with an incremental growth of $870.85 million. The YoY increase in 2019 over 2018 is significantly higher on account of the rising food consumption and growth of the retail sector. The US will be the highest revenue generator in the region during the forecast period. The North American economy has performed well over the years, thereby increasing the per capita consumer spends. The packaging market in North America is at a mature stage and provides constant demand for hot melt adhesives. The demand for residential hot melt is witness high traction in recent years in comparison with other regions.

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Hot Melt Adhesive Market by Geography

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