Hot Melt Based Packaging Market Size, Share, Trends, Growth 2032

Hot Melt Based Packaging Industry Prospective:

The global hot melt based packaging market size was worth around USD 9.57 billion in 2023 and is predicted to grow to around USD 14.98 billion by 2032 with a compound annual growth rate (CAGR) of roughly 5.11% between 2024 and 2032.

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Hot Melt Based Packaging Market: Growth Factors

The popularity of hot melt adhesives is mainly related to their lower processing and regulatory costs. They also offer the fastest bonding method, and hot melt equipment has lower energy consumption than other bonding processes. Also, hot melt adhesives need less time to set than traditional adhesives and are water resistant as a result hot melt adhesives are extensively used in packaging applications. Hot melt adhesives are more efficient, cost-effective, and environmentally friendly adhesive products than solvent based and traditional adhesives.

Most of the industrial and commercial products are sold in packaged conditions for sustainable transport and storage. Increased retail and online shopping have increased the demand for packaged products. This eventually has been a driving factor for the hot melt adhesive market. In addition, the substantial growth of the food and FMCG industry has played important role in the growth of the hot melt adhesive market because hot melt adhesive provides excellent packaging solutions and is widely applicable in the food and FMCG industry.

Moreover, the hot melt adhesive market is anticipated to witness growth in the coming years because the packaging industry is looking for more efficient and cheap packaging adhesives for cost-reducing measures.

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Hot Melt Based Packaging Market: Segmentation

The global hot melt based packaging market is classified into type, raw materials type, and application.

By type, the global hot melt based packaging market is segmented into corrugated packaging, case & carton, folding cartons, flexible packaging, and others.

By raw material type, the global hot melt based packaging market is segmented into polymers, resins, waxes, and others. Polymers are basic constituents of hot melt adhesives. Polymers give flexibility and strength to the hot melt adhesive improving its heat and impact resistance. Polymers account for a large share of the global hot melt based packaging market.  Also, resin accounts for a significant proportion of the hot melt based packaging market.

By application, the global hot melt based packaging market is segmented into carton closing, pallet stabilization, sealing, and others. Hot melt adhesives are extensively used in the paper, board, and packaging industries, mostly used for carton closing, sealing, and pallet stabilization.

Hot Melt Based Packaging Market: Report Scope

Hot Melt Based Packaging Market: Regional Insights

The Asia Pacific accounts for the largest share in the global hot melt based packaging market as a result of increasing demand for packaged products. Additionally, the growing e-commerce and online purchasing are expected to provide more opportunities for packaged products eventually driving the hot melt based packaging market. Furthermore, North America is anticipated to be a major consumer of hot melt based packaging because of increasing innovations in the packaging industry. Additionally, Europe is set to witness significant growth over the forecasted period. Growing demand from the food and packaging industry is likely to create further opportunities for the hot melt based packaging market to grow in the region.

Developing countries in the region such as the Middle East and Africa are probable to witness significant growth in hot melt based packaging because of developments in packaging, construction, and the automotive industry. The hot melt based packaging market in Latin America is expected to witness significant growth over the forecasted period. Higher living standards have increased the demand for a broad range of packaged products.

Hot Melt Based Packaging Market: Competitive Space

The global hot melt based packaging market profiles key players such as:

• 3M Company
• Henkel
• Beardow & Adams (Adhesives) Ltd
• H.B. Fuller
• Dow Corning Corporation
• Avery Dennison Corporation

The global hot melt based packaging market is segmented as follows:

Global Hot Melt Based Packaging Market: Type Segment Analysis

• Corrugated Packaging
• Case & Carton
• Folding Cartons
• Flexible Packaging
• Others

Global Hot Melt Based Packaging Market: Raw Material Segment Analysis

• Polymers
• Resins
• Waxes
• Others

Global Hot Melt Based Packaging Market: Application Segment Analysis

• Carton Closing
• Pallet Stabilization
• Sealing
• Others

Global Hot Melt Based Packaging Market: Regional Segment Analysis

• North America
  • U.S.
• Europe
  • UK
  • France
  • Germany
• Asia Pacific
  • China
  • Japan
  • India
• Latin America
  • Brazil
• The Middle East and Africa