Hot Melt Glue Labelers Market Statistics, Opportunities, Assessment, Demand, Scope and Forecast 2028

According to Precision Business Insights (PBI), the latest report, the hot melt glue labelers market is expected to be valued at USD 7,325.3 million in 2022, growing at an 5.4% CAGR from 2022 to 2028. The primary drivers of the expansion of the global hot melt glue labelers market include the increasing demand for advanced and improved products from various industries such as manufacturing, packaging, furniture, and non-woven/hygiene and the increasing number of e-commerce platforms.

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Polyurethane Segment to Dominate the Hot Melt Glue Labelers Market:
Based on the raw materials, the global hot melt glue market can be segmented into ethylene vinyl acetate (EVA), polyolefins, styrenic block copolymers (SBC), polyurethane (PU), polyester, and others. The polyurethane (PU) segment is anticipated to grow at a significant CAGR in the global hot melt glue labelers market, with a value share worldwide. The increasing demand for polyurethane is driving the global hot melt glue labelers market. Polyurethane is a low-volatile organic compound that is designed to hold together non-porous materials such as metal and wood, bookbinding, shoemaking, and product packaging applications due to its higher strength, short set time, and durability. Hence, it is expected that the polyurethane segment will dominate the global market in the upcoming years.

Asia Pacific Hot Melt Glue Labelers Market
The Asia Pacific market is expected to increase in the global hot melt glue labelers market over the forecast period. The Asia Pacific market is expanding as a result of the growing economy, increasing e-commerce platforms, and changing consumer purchasing behavior. North America held considerable market share during the estimated period owing to the largest packaging companies in the region such as Exxon Mobil Corporation, Dow, 3M, etc.

Strategic New Product Launches, Mergers, Acquisitions, and Agreements are the key strategies adopted by market players:
The global hot melt glue labelers market further reveals that the key players are increasingly adopting strategies such as the launch of newer products, product launches, and long-term alliances to improve market revenue share and gain significant geographic presence across the region.

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The hot melt glue labelers market is segmented based on raw material, application, and geography.
Based on the raw material, the market is segmented into the following:
• Ethylene Vinyl Acetate (EVA)
• Polyolefins
• Styrenic Block Copolymers (SBC)
• Polyurethane (PU)
• Polyester
• Others

Based on the application, the market is segmented into the following:
• Packaging
• Assembly
• Woodworking
• Transportation
• Building & Construction
• Footwear & Leather
• Nonwovens
• Others

Based on geography, the market is segmented into the following:
• North America
• Europe
• The Asia Pacific
• Latin America
• MEA

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Key players' profiles in the hot melt glue labelers market report are Exxon Mobil Corporation, MELER, Sanyhot Adhesivos, Tex Year Industries Inc., H.B. Fuller Company, Henkel AG & Co., Dow, Sika AG, Jowat SE, Arkema Group, Ashland, 3M, and Avery Dennison Corporation.

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