South America Hot Melt Glue Gun Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Gun Type and Application

South America Hot Melt Glue Gun Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Gun Type and Application

  • July 2021 •
  • 95 pages •
  • Report ID: 6134427 •
  • Format: PDF
The South America hot melt glue gun market is expected to grow from US$ 32.85 million in 2021 to US$ 42.91 million by 2028; it is estimated to grow at a CAGR of 3.9% from 2021 to 2028.

South America includes countries such as Brazil, Argentina, and the rest of South America.South America is another region contributing to the growth of hot melt glue gun concerning the diversification of the application base.

The continuous developments have had a positive impact on Brazil and Argentina’s economy that has advanced to a large extent.The increase in population have led to an increase in the consumption of products which is going to increase the demand for packaging and will positively impact the Brazil and Argentina’s hot melt glue gun market that has advanced to a large extent.

Hot melt glue guns are used in a variety of additional packaging applications, including toys, home goods, and medical equipment.Hot melt glue guns provide a strong adhesive between papers, cardboards, plastics, and other materials, making them ideal for a variety of packaging applications.

Hot melt glue guns are used extensively in the production of envelopes, bags, and corrugated cardboard.

In case of COVID-19, in South America, especially Brazil, 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 South America countries, i.e., Argentina, Colombia, Peru, Chile and Ecuador. 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 is 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 South America 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 South America 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 South America hot melt glue gun market.A few of the key companies operating in the market are Ellsworth Adhesives; 3M; Arkema; Buhnen GmbH & Co.

KG; and Adhesives Technologies Inc.

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