The Europe hot melt glue gun market is expected to grow from US$ 89.49 million in 2021 to US$ 124.43 million by 2028; it is estimated to grow at a CAGR of 4.8% from 2021 to 2028.
The market for Europe includes Germany, France, Italy, the UK, Russia, and the rest of Europe.Europe has matured the automotive, aerospace, medical, and consumer electronics sector, and it is further supported by high technology connectivity environment.
Additionally, the consumers’ rising personal disposable income has led to increasing demand for consumer electronic products.These factors boost the hot melt glue gun market in Europe.
The rising demand in the automotive, electronics and food packaging industry is driving the growth of hot glue gun in Europe. According to European Commission, the automobile industry employs 13.8 million Europeans directly and indirectly, accounting for 6.1 percent of overall employment in the Europe. The need for hot melt glue guns comes from Europe, which is one of the main producers of automobiles. Inside the automobile, the hot melt glue gun is used to secure liners, trim, carpet, and seating. Design and production components in the automobile and truck manufacturing industries must meet a long list of requirements for precision, quality, safety, reliability, dependability, and repeatability. In food and beverage industry Europe has a significant trade surplus in food, and Europe culinary specialties are well-liked around the world. The demand for packaging in Europe is derived from the high number of manufacturers in the food and beverage industry and its worldwide export market. The market for hot melt glue guns is expected to grow as the requirement for packaging in the food and beverage industry grows.
In case of COVID-19, in Europe, especially Russia, witnessed an unprecedented rise in number of coronavirus cases, which led to the discontinuation of hot melt glue gun manufacturing activities.Downfall of other chemical and materials manufacturing sectors has negatively impacted the demand for hot melt glue gun during the early months of 2020.
Moreover, decline in the overall adhesives & sealants manufacturing activities has led to discontinuation of hot melt glue gun manufacturing projects, thereby reducing the demand for hot melt glue gun. Similar trend was witnessed in other Europe countries, i.e., France, the UK, Italy, Spain and Germany. However, the countries are likely to overcome thus drop in demand with the economic activities regaining their pace, especially in the beginning of the 2021.
Based on application, the market is segmented into packaging, construction, automotive, furniture, footwear, electronics, and others.The packaging segment is expected to grow at the fastest CAGR during the forecasted period.
The increased adoption of flexible packaging techniques across multiple industries, such as retail, pharmaceutical, food, and beverage, is predicted to drive 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 to heavy 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 to find 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 to all 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 overall Europe hot melt glue gun market size has been derived using both primary and secondary sources.To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market.
The process also serves the purpose of obtaining an overview and forecast for the Europe hot melt glue gun market with respect to all the segments pertaining to the region.Also, multiple primary interviews have been conducted with industry participants and commentators to validate the data, as well as to gain more analytical insights into the topic.
The participants of this process include industry experts such as VPs, business development managers, market intelligence managers, and national sales managers, along with external consultants such as valuation experts, research analysts, and key opinion leaders, specializing in the Europe hot melt glue gun market.A few of the key companies operating in the market are Ellsworth Adhesives; 3M; Steinel; Arkema; Deluxe Packaging; Buhnen GmbH & Co.
KG; Ratiobond Klebesysteme Gmbh; and Adhesives Technologies Inc.
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Gross Domestic Product
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