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Home Press Releases

Hot Melt Adhesives (HMA) Market worth $11.4 billion by 2027

by admin
December 19, 2022
in Press Releases
Hot Melt Adhesives (HMA) Market worth $11.4 billion by 2027
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(EMAILWIRE.COM, December 19, 2022 ) The global “Hot Melt Adhesives (HMA) Market is projected to grow from USD 9.1 Billion in 2022 to USD 11.4 Billion by 2027, at a CAGR of 4.8% between 2022 and 2027. APAC is the largest and fastest-growing HMA market in the world. Increasing replacement of other adhesive technologies by HMA is one of its driving factor.

Download PDF brochure of the Report @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=1088

APAC accounted for 32.9%, in terms of value, of the global HMA market in 2021. The furniture & woodwork application is projected to grow at the highest CAGR in terms of value and volume, during the forecast period. This is due to the changing demographics, changing consumer needs, and the increasing consumer awareness regarding these products in the Asia Pacific region. The others application is also growing in terms of both value and volume. This is due to the increasing application of HMAs in footwear manufacturing and in consumer DIY applications.

The packaging solutions has the largest market share of HMA by Application segment. The packaging application of HMAs includes carton boxes, envelopes, carton closure, cups, flexible packaging, specialty packaging, bags, and processed food products. Cases and cartons are made of paperboard and used for the packaging of goods. They are used in various applications such as transportation and storage of agricultural & poultry products, biscuits, chocolates, pharmaceutical products, and industrial use.

Corrugated packaging offers various benefits, as they are stackable, custom-designed, recyclable, and incur low transportation costs. Corrugated board is a blend of three sheets of paper. Corrugated paperboard is used for the packaging of products, such as fruits, vegetables, poultry, meat, agriculture, cosmetics, furniture, personal care, automotive, publication & printing, and seafood, which increases the use of adhesives in this application. In paper & packaging, HMAs are also used for sticking labels on bottles, boxes, and containers in the food & beverage, pharmaceuticals, and personal care industries.

Browse In-Depth TOC On “Hot Melt Adhesives (HMA) Market”

217 – Market Data Tables

44 – Figures

213 – Pages

Don’t miss out on business opportunities in Hot Melt Adhesives (HMA) Market. Speak to Our Analyst and gain crucial industry insights that will help your business grow. https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=1088   

Henkel AG & Co. KGaA (Germany), H.B. Fuller (US), Jowat SE (Germany), 3M (US), and Arkema (Bostik) (France) are the key players in the global HMA market. These market players are expected to undertake various growth strategies, such as expansions, acquisitions, and new product launch to expand their overall businesses and tap the opportunities in the fast-growing economies.

Major players are focusing on strengthening their R&D facilities to provide cost-effective products and investment in emerging markets. These products are manufactured adhering to regulations implemented by governments. All such developments are expected to lead to the sustainable growth of the HMA market players over the next five years.

Get Sample Pages of This Report @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=1088

About MarketsandMarkets™

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the ‘GIVE Growth’ principle, we work with several Forbes Global 2000 B2B companies – helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

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