The scope of our recent study on the “Hot Melt Glue Gun Market t2028 – COVID-19 Impact and Global Analysis – by Gun Type (Corded, Cordless, Hybrid); by Application (Packaging, Construction, Automotive, Furniture, Footwear, Electronics, Others),” includes the factors fueling the market growth, revenue estimation and forecast, and market share analysis, along with the identification of significant market players and their key developments.
The hot melt glue gun market was valued at US$ 477.64 million in 2020 and is projected treach US$ 715.13 million by 2028; it is expected tgrow at a CAGR of 5.2% from 2021 t2028. Hot melt glue gun is a portable device that is utilized tdispense hot melt adhesives. These guns are available in various types such as corded, cordless, and hybrid. These guns offer convenience over other glue dispensing equipment. They dry quickly, having long-shelf life and easily disposable. The growing demand from packaging, DHP, and electronics industry, which requires precision adhesive dispensing is driving the market growth. Further, these glue gun finds vast application in automotive, construction, furniture, and other manufacturing industries that supports the growth of the hot melt glue gun market..
Based on application, the global hot melt glue gun market is segmented intpackaging, construction, automotive, furniture, footwear, electronics, and others. In 2020, the packaging segment held the largest share of the global hot melt glue gun market. The increased adoption of flexible packaging techniques across multiple industries, such as retail, pharmaceutical, food, and beverage, is predicted tdrive up demand for packaging. The flexible packaging material includes a bag, pouch, and film. The emergence of e-commerce businesses in the world is another factor that drives demand for packaging. As consumers' attitudes toward health consciousness develop, the packaging industry is looking for more innovative food and beverage packaging materials. The need for hot melt glue guns is increasing as the packaging industry expands. Durable glue guns that can run continuously over long periods of time are required for packaging and carton closure applications. Small detailed cartons can be glued theavy quality wraparound cases with a hot melt glue gun. It's ideal for bonding all types of packaging since the wide range of formulations available makes it simple tfind the right one for any application. Even if packaging comes in a variety of materials, the use of a hot melt glue gun is unaffected because it can stick tall types of paper, board, and plastics, as well as a variety of other substrates. Beverage cartons, cookies and biscuits cartons, dairy product carton closures, agricultural box closures, instant noodles box sealing, cooking oil box closing, cooking sauce carton sealing, iron frame carton sealing, and other applications.
The global hot melt glue gun market is segmented intfive main regions—north America, Europe, Asia Pacific (APAC), Middle East & Africa (MEA), and South America. In 2020, Asia Pacific held the largest share of the global hot melt glue gun market, followed by North America. The growth of the hot melt glue gun market in the Asia Pacific region is mainly attributed tthe rising focus of government authorities on infrastructural development in countries like China, Japan, and India. For instance, the growth in infrastructure development projects such as dams, airports, expressways, and national highways in India is expected tdrive the hot melt glue gun market in the near future.
Impact of COVID-19 Pandemic on Hot Melt Glue Gun Market
COVID-19 pandemic first began in Wuhan (China) in December 2019, and since then, it has spread across the globe. As of May 2021, the US, India, Brazil, Russia, the UK, France, Spain, Italy, Turkey, Germany, Colombia, and Argentina are among the worst affected countries in terms of confirmed cases and reported deaths. The coronavirus pandemic has affected economies and industries in various countries due tlockdowns, travel bans, and business shutdowns. The chemical & materials industry is one of the major industries suffering serious disruptions, such as supply chain breaks, technology events cancellations, and office shutdowns, as a result of this pandemic. The shutdown of various plants and factories in leading regions such as North America, Europe, Asia Pacific, South America, and the Middle East & Africa has affected the global supply chain and negatively impacted the manufacturing, delivery schedules, and sales of various goods. Furthermore, various companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition tthis, the global travel bans imposed by countries in Europe, Asia, and North America are affecting the business collaborations and partnership opportunities. All these factors are anticipated taffect the chemical & materials industry in a negative manner, thereby act as restraining factor for the growth of various markets related tthis industry in the coming months. The hot melt glue gun market is impacted by the pandemic due tshortfall in production along with halt in ongoing infrastructural development and construction projects due tglobal lockdown.
The report includes the segmentation of the global hot melt glue gun market as follows:
Global Hot Melt Glue Gun Market, by Gun Type
Hot Melt Glue Gun Market, by Application
Global Hot Melt Glue Gun Market, by Geography
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- North America
- Rest of Europe
- Asia Pacific (APAC)
- South Korea
- Rest of Asia Pacific
- Middle East & Africa (MEA)
- South Africa
- Saudi Arabia
- Rest of Middle East & Africa
- South America
- Rest of South America