Packaging Demand Leading Hot-Melt Adhesives Market Growth
The global hot-melt adhesives market is anticipated to rise at a compound annual growth rate (CAGR) of 8.7%.
The global hot-melt adhesives market is anticipated to rise at a compound annual growth rate (CAGR) of 8.7% during the period of 2018 to 2026, according to a report from Transparency Market Research. Rising at this CAGR, the global hot-melt adhesives market is expected to touch a valuation of $8.642 million by 2026.
The competitive landscape of the global hot-melt adhesives market is largely consolidated in nature because key players hold around 70% of the market share. The rest is fragmented with the presence of a few small players, according to the report. Top players in the global hot-melt adhesives market are reportedly adopting strategic approach such as acquisitions and mergers to get a leg-up in the market.