Global Hot Melts Adhesives for Packaging Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Hot Melts Adhesives for Packaging Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Hot-melt is a polymer-based glue that is applied in a molten state. The application is usually by an industrial glue gun. Hot-melt is used in a variety of applications such as packaging, bookbinding, carton-making, graphic arts, tapes and labels. Hot melt adhesives are widely used in packaging application, as these can fasten small detailed cartons to heavy duty wrap around cases.

Market Overview:

The latest research study on the global Hot Melts Adhesives for Packaging market finds that the global Hot Melts Adhesives for Packaging market reached a value of USD 1435.77 million in 2022. It’s expected that the market will achieve USD 1773.98 million by 2028, exhibiting a CAGR of 3.59% during the forecast period.

Influence of COVID-19 Outbreak on Hot Melts Adhesives for Packaging Industry Development

More than one million lives have been lost to COVID-19 since the start of the year and the toll continues to rise. Many more have suffered serious illness. Close to 90 million people are expected to fall into extreme deprivation this year. Compared with the IMF report released in June, the global economic contraction in 2020 will not be as severe as previously predicted. This revision reflects a better-than-expected economic recovery in the second quarter. Global growth is projected at 5.2 percent in 2021, a little lower than in the June 2020 WEO Update, reflecting the more moderate downturn projected for 2020 and consistent with expectations of persistent social distancing. Following the contraction in 2020 and recovery in 2021, the level of global GDP in 2021 is expected to be a modest 0.6 percent above that of 2019.

Market Opportunities

At present, the low-end hot melt adhesive industry has overcapacity, and the homogenization competition is fierce. Price wars are often used for competition. There are a large number of hot melt adhesives for packaging enterprises, and their scales vary. 3M Company, Beardow Adams, Dow, HB Fuller, Henkel, Jowat SE, etc. have relatively good business and reputation in this industry. German Henkel is the world's largest adhesive manufacturer and has acquired numerous sub-brands through mergers and acquisitions. In addition to the German Henkel company, which is expanding through mergers and acquisitions, strong competitors in the hot melt adhesive market are the professional and hot melt adhesive fields of Fuller Corporation of the United States. These companies have leading product technology, relatively stable product quality, relatively stable market share, and have a certain degree of brand awareness in China. Mergers and acquisitions between enterprises have brought more development opportunities to the hot melts adhesives for packaging market.
In order to occupy a market position, strive to enhance brand awareness and establish branded products. The use of hot melts adhesives for packaging in daily life is gradually increasing, and there is a continuing upward trend. In such a development background, enhancing the brand awareness of the company will enable the product to be selected by most people. The increase in the number of choices will increase its competitive position in the market to a certain extent. Secondly, improve the quality and performance of packaging environmentally friendly hot melt adhesives. When you use hot melts adhesives for packaging, the quality requirements may be higher than other products. This also reminds merchants that the quality of hot melts adhesives for packaging can be improved to attract everyone to buy it.
These factors have brought more development opportunities to the hot melt adhesives for packaging.

Region Overview:

From 2023-2028, North America is estimated to witness robust growth prospects.

Company Overview:

Henkel is one of the major players operating in the Hot Melts Adhesives for Packaging market, holding a share of 15.82% in 2020.

Henkel AG & Co. KGaA manufactures industrial, commercial, and consumer chemical products. The Company produces reactive polyurethane and laminating adhesives, labeling for glass and PET plastic bottles, corrosion inhibitors and surface treatments, soaps, skin care products, hair dye, perfumes, detergents, dishwashing soaps, glass cleaners, wallpaper adhesives, and roofing products.

Dow Chemical is a multinational chemical company headquartered in Michigan, USA, founded in 1897 by Herbert Henry Dow. In terms of assets, it is the second largest chemical company in the United States and the third largest in the world. Since it was announced in 2015 that it will confirm the merger with DuPont Chemical, it will become the world's largest chemical giant after the complete merger, and will be divided into three industry sectors.

Segmentation Overview:

Among different product types, Ethylene-vinyl Acetate (EVA) segment is anticipated to contribute the largest market share in 2028.

Application Overview:

By application, the Paperboard Packaging segment occupied the biggest share from 2018 to 2022.

Key Companies in the global Hot Melts Adhesives for Packaging market covered in Chapter 3:

Tex Year Industries
Jowat SE
Huate Bonding Material
Nanpao
Arkema (Bostik)
Beardow Adams
cph Deutschland Chemie
3M Company
Henkel
Dow
Cherng Tay Group
KLEIBERIT
HB Fuller
Shanghai Tianyang
Avery Dennison

In Chapter 4 and Chapter 14.2, on the basis of types, the Hot Melts Adhesives for Packaging market from 2018 to 2029 is primarily split into:

Ethylene-vinyl Acetate (EVA)
Styrenic Block Copolymers
Metallocene Polyolefin (mPO)
Polyamide
Polyolefins
Others

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Hot Melts Adhesives for Packaging market from 2018 to 2029 covers:

Paperboard Packaging
Flexible Packaging
Rigid Plastics Packaging
Metal Packaging
Glass Packaging

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)