Global Industrial Hot Melt Dispensing Equipment Market Size By Product (Glue Guns, Benchtop Hot-Melt Equipment), By Application (Electronics, Food & Beverage, Paint & Coating), By Geographic Scope And Forecast
Published Date: August - 2024 | Publisher: MIR | No of Pages: 320 | Industry: latest updates trending Report | Format: Report available in PDF / Excel Format
Global Industrial Hot Melt Dispensing Equipment Market Size By Product (Glue Guns, Benchtop Hot-Melt Equipment), By Application (Electronics, Food & Beverage, Paint & Coating), By Geographic Scope And Forecast
Industrial Hot Melt Dispensing Equipment Market Size And Forecast
Industrial Hot Melt Dispensing Equipment Market size was valued at USD 7.47 Billion in 2024 and is projected to reach USD 11.35 Billion by 2031,growing at a CAGR of 5.36% during the forecasted period 2024 to 2031.
The growing food and beverage industry due to the rising demand for packaged food and the need for various packaged products is expected to drive the industrial hot melt dispensing equipment market over the predicted years. The Global Industrial Hot Melt Dispensing Equipment Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.
Global Industrial Hot Melt Dispensing Equipment Market Definition
Industrial Hot Melt Dispensing is the equipment used for the packaging of products. It is portable hot-melt equipment used to melt tubular-shaped thermoplastics into the hot-melt adhesive. This equipment offers flexibility to the manufacturing process with relatively high speed, thus saving cost and time in the processing line. It is used to melt thermoplastic such as acrylic, Teflon, nylon, and polythene in hot melt adhesive. Thermoplastics are mostly tubular or cylindrical shaped.
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Global Industrial Hot Melt Dispensing Equipment Market Overview
The growing food and beverage industry due to the rising demand for packaged food and the need for various packaged products is expected to drive the industrial hot melt dispensing equipment market over the predicted years. Also, increasing demand for high-quality finished goods and developments in pharmaceutical packaging, coupled with various regulations all over the world expect a boost to the market in the coming years. Additionally, the rising adoption of electric hot melt equipment in industries such as electronic packaging is anticipated to fuel the market during the forecasted period.
Global Industrial Hot Melt Dispensing Equipment Market Segmentation Analysis
The Global Industrial Hot Melt Dispensing Equipment Market is Segmented on the basis of Product, Application, And Geography.
Industrial Hot Melt Dispensing Equipment Market, By Product
Glue Guns
Benchtop Hot-Melt Equipment
Based on Product, the market is bifurcated into Glue Guns and Benchtop Hot-Melt Equipment. The Glue Guns segment is expected to hold the largest market share.
Industrial Hot Melt Dispensing Equipment Market, By Application
Electronics
Food and Beverage
Paint and Coating
Based on Application, the market is bifurcated into Electronics, Food & Beverage, and Paint & Coating. The food & beverage industry is anticipated to have the highest CAGR in the forecasted period. These factors can be attributed to the rising demand for packaged food all over the world.
Industrial Hot Melt Dispensing Equipment Market, By Geography
North America
Europe
Asia Pacific
Rest of the World
Based on Regional Analysis, the market is classified into North America, Europe, Asia Pacific, and the Rest of the world. The largest share of the market will be dominated by the Asia Pacific owing to the growing population and rising food & beverages and packaging industry in this region.
Key Players
The “Global Industrial Hot Melt Dispensing Equipment Market” study report will provide valuable insight with an emphasis on the global market including some of the major players such as Henkel, Glue Machinery, Nordson Adhesive Dispensing, Valco Melton, Power Adhesives, ITW Dynatec, Astro Packaging, Graco, Dymax Corporation, Robatech, 3M.
Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.
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Research Methodology of Market Research
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Reasons to Purchase this Report
• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors• Provision of market value (USD Billion) data for each segment and sub-segment• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players• The current as well as the future market outlook of the industry with respect to recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions• Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis• Provides insight into the market through Value Chain• Market dynamics scenario, along with growth opportunities of the market in the years to come• 6-month post-sales analyst support
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