Glue Machine Market Trends and Oppotrtunities
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 Segmentation:
The global glue machine market can be segmented on the basis of product type, machinery type, end use type and by region. On the basis of product type glue machine can be segmented into PVA glue, hide glue, EPOXY, cyanoacrylate glue, polyurethane glue. On the basis of machinery type glue machine can be segmented into hot melt machinery, adhesives, and cold glue equipment. On the basis of end use type glue machine can be segmented into food & beverage industry, health care industry, industrial goods, automotive industry, household products, electronics industry and other manufacturing industry. On the basis of region, we have segmented into North America, Latin America, Europe, Asia-Pacific and Middle East & Africa.
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.
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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.
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.