Global Hot Melt Adhesives Market to Grow with Increasing Demand for Hot Melt Adhesives Across the Industrial Spectrum

The global hot melt adhesives market size is slated to experience a robust growth period owing to the increasing activities in the packaging industry around the globe. According to the World Packaging Organization, between 2011 and 2016, the global packaging industry grew by 24%, with its volume reaching 22.5 million tons in 2016. Asia recorded the highest growth, surging at 7.9% annually, with India showing the most promising prospects.

This is substantiated by a research conducted by the Wisconsin Economic Development Corporation, which found that the Indian packaging industry is expected to grow at 15% yearly in the next decade. Hot-melt adhesives are utilized extensively in the packaging industry and thus, growth of this industry will be one of the leading hot melt adhesives market trends during the forecast period.

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https://www.fortunebusinessinsights.com/industry-reports/hot-melt-adhesives-market-101724