Press release
Hot Melt Adhesives Market To Generate $12,761.3 Million Revenue by 2030
Browse full report at: https://www.psmarketresearch.com/market-analysis/hot-melt-adhesives-market
The flourishing packaging industry, primarily on account of the burgeoning demand for packaged food and drinks and the growing e-commerce sector, is one of the key contributors to the market growth, worldwide. Since packaged products require both rigid and flexible packaging, this industry uses hot melt adhesives in abundance because of their easy application and fast setting time features. With the increasing penetration of e-commerce platforms, owing to the rapid internet and smartphone adoption, the demand for such adhesives is escalating rapidly.
Globally, the Asia-Pacific (APAC) hot melt adhesives market generated the highest revenue in 2019, due to the presence of vast manufacturing hubs in China, India, Japan, and South Korea. Additionally, the regional market is also expected to retain its dominance throughout the forecast period. This will be due to the booming population and escalating per capita income in APAC countries. Owing to these reasons, the consumption of automobiles, electronics, and packaged goods will surge rapidly, which will create a huge demand for hot melt adhesives, in the region.
Download report sample at: https://www.psmarketresearch.com/market-analysis/hot-melt-adhesives-market/report-sample
Thus, the booming packaging sector and mounting public spending in developing countries will supplement the market growth in the forecast years.
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About P&S Intelligence
P&S Intelligence is a provider of market research and consulting services catering to the market information needs of burgeoning industries across the world. Providing the plinth of market intelligence, P&S as an enterprising research and consulting company, believes in providing thorough landscape analyses on the ever-changing market scenario, to empower companies to make informed decisions and base their business strategies with astuteness.
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