As per the comprehensive analysis conducted by ESOMAR-certified consulting firm, FMI, the global Glue Machine market is expected to grow at a healthy CAGR during the forecast period (2022-2032). The objective of the study is to analyze key market dynamics and uncover critical trends & opportunities that will elevate the sales of Glue Machine in the coming 10-years.
The report conducts in-depth analysis into factors causing the change in consumer behavior and purchasing patterns. It also provides refined sales projections to assist market players in identifying remunerative segments.
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The advent of Sustainable and Intelligent Packaging Solution Skyrocketing the Demand for Wafer-Level Packaging
With rising environmental concerns and implementation of stringent regulations regarding the use of plastic across the U.S., China, India, the U.K., Germany, and others, a substantial rise in the adoption of sustainable packaging solutions is experienced across various end use industries.
In accordance to this, numerous packaging companies are shifting their focusing of manufacturing sustainable packaging using 100% recycled plastics, biodegradable plastics, and plastic alternatives such as paper. Hence, introduction of novel sustainable packaging solutions is expected to create lucrative demand opportunities in the market.
Also, emergence of intelligent packaging with the integration of artificial intelligence (AI), internet of things (IoT), and data science have improved the demand for Glue Machine market. Hence, key players are incorporating novel technologies such as AI and IoT to increase their revenues, propelling the sales.
Key Glue Machine Market Takeaways and Projections
- The U.S. is expected to lead the North America Glue Machine market, projecting the fastest growth in the region between 2022 and 2032
- Germany and the U.K. are expected to, collectively, hold the largest share in the Europe market over the assessment period.
- China will dominate the East Asia market, accounting for the largest demand share during the forecast period.
- India is expected to emerge as a highly remunerative market in South Asia, contributing the significant revenue share in the region through 2032.
Report Benefits & Key Questions Answered
- Glue Machine Historical Market Analysis: The detailed survey by FMI, examines key factors in the Glue Machine market that affected the growth in the market for the last assessment period 2016-2020 and also studies their consequent impact. It also provide refined the sales projection of the Glue Machine market for the forecast period 2022-2032.
- Glue Machine Demand Outlook Analysis: Future Market Insight’s (FMI’s) exhaustive study provides crucial insights into key drivers and upcoming opportunities driving the demand for Glue Machine for the assessment period. As per the study, the demand for Glue Machine will grow at a robust CAGR between 2022 and 2032.
- Glue Machine Market Trend Analysis: The latest study by FMI on the Glue Machine market offers compelling insights into key expansion strategies adopted by top-tier players with respect to current trends. It discloses details regarding upcoming trends in the packaging industry to assist market players in constructing an effective strategy to capitalize on them.
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Glue Machine Market Overview
The primary function of glue is to join parts together and glue machines accomplish this objective with material which is applied to the surfaces of different parts to join them permanently by gluing process. Glue machine are used for packaging which is consumed every day in large quantities by all type of commercial and industrial organizations.
Glue machine helps in effective packaging solutions that provides all the features which are related to high durability during transportation & storage and provide moisture and shielding protection for sensitive products and components. Glue machine also used in construction purposes which are preferred for a wide range of applications in the construction industry due to their diverse properties.
Globally, glue machine has legitimately strong power which is used in almost every manufacturing sector starting from flexible, rigid packaging to textiles and have grew extensive popularity across sectors auto, aviation, construction, FMCG, healthcare amongst others.
Glue Machine Market – Market Dynamics
Growth in demand for glue machine market is expected to grow strongly for several reasons. As an effect of the growth in consumer focus on convenience and sustainability, the glue machine market has been one of the fastest growing market in the last five years, and it is likely to continue to grow over the forecast period as well.
Other important factors contributing towards the growth of glue machine market are population growth, increasing middle class world-wide, demand for safe food & clean water, and advancement and safety. On the other side, the high initial cost, government regulations for packaging is considered as restraining factor towards the growth of glue machine market.
Glue Machines Market – Regional Outlook
Geographically, the global In-mold label market is segmented into North America, Latin America, Europe, Asia-Pacific (APAC) and the Middle East & Africa (MEA). The global glue machines market is expected to witness a stable CAGR over the forecast period of 2016-2024.
Entering new markets like Asia, Russia and South America would be larger opportunities for glue machines market. Moreover, North America is expected to witness a high growth of glue machines market due to the rising consumption of food and beverage products.
The demand of the glue machines market is expected to witness an above average growth in Europe as well, due to the higher adoption of glue machines for automotive and industrial use.
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Glue Machines Market – Major Players
Some of the major players identified across the globe in the glue machines market are Chicago Glue Machine & Supply Company, Inc., Ellsworth Adhesives, DELUMPER Div., Franklin Miller Inc., Winder, Valco Melton, Econocorp, Inc., Gluefast Co., Inc., McGuckin & Pyle, Inc., The Union Tool Corp, Inline Filling Systems, Apacks, Capital Adhesives, InLine Solutions, Inc., Indemax, Inc., Proquip, Inc., Universal Systems SE, Inc., Sonic Corp.
The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geography, product type, material type and end-use.
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