Adhesive and epoxy dispensing systems are devices that dispense the required number of adhesives on the application area. These systems are used in a wide range of applications, including packaging and paperboard packaging, electronics, industrial & institutional, construction, and others (automotive and medical). Dispersing systems are pieces of equipment that aid in the precise and controlled application of assembly fluids, adhesives, sealants, and lubricants in manufacturing processes. When compared to traditional techniques, the continuous evolution of dispensing system manufacturing techniques has resulted in a continuously improving and broadening application scenario. The increased adoption of adhesive dispensing solutions among various end-user industries, with major demand coming from industries such as packaging, aerospace and defense, and pharmaceutical, among others, is driving adhesive and epoxy dispensing market growth.
The demand for dispensing systems and equipment in developing countries such as India and China are driving the adhesive dispensing system market. The rise in disposable income and changing lifestyles are driving the growth of the dispensing system market, which in turn is influencing the adhesive dispensing equipment market. Besides, dispensing systems are more convenient and accurate in application than traditional systems, propelling the market for adhesive dispensing systems.
| ATTRIBUTE | DETAILS |
| Study period | 2020-2029 |
| Base year | 2021 |
| Estimated year | 2022 |
| Forecasted year | 2022-2029 |
| Historical period | 2018-2020 |
| Unit | Value (USD Billion), (Thousand Unit) |
| Segmentation | By Type, By End User Industry, By Region |
| By Type
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| By End User Industry
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| By Region
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The packaging industry is evolving as a result of global demand for a wide range of consumer products such as electronics, food and beverages, sanitary products, and personal care products, among others. This demand is being accelerated by rising disposable income among the middle- and lower-income populations, as well as their increased proclivity to spend. Furthermore, the packaging industry is increasingly concerned about ensuring that the product that reaches the consumer does not deteriorate in quality and that its shelf life is maintained.
Additionally, the increased sale of products through e-commerce channels, as well as the growth of e-retail stores, which offer lucrative discounts and a high level of convenience, contribute to this increased demand. This is encouraging the use of adhesive dispensing systems because they are more precise, reduce adhesive waste, and shorten lead times, thereby increasing demand for adhesive dispensing systems and driving market growth. Besides that, the rising adoption is due to the fact that players are looking to maximize their profits as well as gain a competitive advantage over their competitors, which will drive the adhesive dispensing system market growth even further over the forecast period.
The covid-19 pandemic had a significant impact on several industries around the world. The crisis was unprecedented and caused havoc for consumers, corporations, and governments. Governments around the world-imposed lockdowns to stop the virus's unusual spread. Most, if not all, of the companies' manufacturing facilities had to be shut down. Furthermore, the imposed travel restrictions caused supply chain disruptions. Furthermore, demand in most sectors, such as construction, automotive, and aerospace, fell precipitously as consumers focused more on necessities.
The adhesives and epoxy dispensing systems market size had crossed USD 1.40 billion in 2020 and will observe a CAGR of more than 2.9 % up to 2029 driven by the increased adoption of adhesive dispensing solutions among various end-user industries, with major demand coming from industries such as packaging, aerospace and defense, and pharmaceutical, among others.
Asia Pacific held more than 38 % of the adhesives and epoxy dispensing systems market revenue share in 2020 and will witness demand as a major manufacturing hub and key supply chain stakeholder for a wide range of products.
The key driver of the adhesive dispensing system market growth is the increasing adoption of adhesive dispensing solutions across various end-user industries.
Key players profiled in the report include Adhesive Dispensing Ltd., Valco Melton, Henkel AG & Co. KGaA, Fishman Corporation, Nordson Corporation, Techcon, Glue Machinery Corporation, Hernon Manufacturing Inc., EXACT Dispensing Systems, Kirkco Corp
The packaging industry is rising as a result of better penetration for a variety of consumer goods such as electronics, food and beverages, sanitary items, and personal care products, among others. This demand is being intensified as a result of rising disposable income and increased expenditure propensity among the middle and low-income population.
Due to significant demand from end-use sectors such as electrical and electronics, medical devices, and automotive, Asia Pacific is expected to lead the market over the projection period. China, India, and Japan are three of the main Asian markets expected to have a beneficial impact on the worldwide FDS industry. The expansion is expected to be fueled by rising per capita disposable income and strong industrial sector growth.
The global adhesives and epoxy dispensing systems market is segmented based on type, end user industry. By type, the market is bifurcated into manual and automatic. Because of the increasing adoption of automatic dispensing systems in various end-user industries such as the packaging and construction industries globally, the automatic adhesive dispensing system has a large market share. One of the most common advantages of automated solutions is a reduction in consumables costs. This is also true for automated gluing, because automatic systems use exactly the right amount of glue every time – no more, no less.
By end user industry, the market is divided into electronics, construction, automotive, packaging, others. In terms of value, packaging industry holds the largest share owing to a growing global demand for a variety of consumer products such as electronics, food and beverages, sanitary products, and personal care products, among others. In terms of revenue, automotive was the second largest application segment, accounting for 24.31 percent of the global market. They are primarily used in the automotive, marine, and aerospace industries. The automotive industry is experiencing significant growth as a result of constantly evolving technologies such as automation, which are attracting consumers in mature markets.
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The adhesives and epoxy dispensing systems market key players include Adhesive Dispensing Ltd., Valco Melton, Henkel AG & Co. KGaA, Fishman Corporation, Nordson Corporation, Techcon, Glue Machinery Corporation, Hernon Manufacturing Inc., EXACT Dispensing Systems, Kirkco Corp
For corporate expansion, these key leaders are implementing strategic formulations such as new product development and commercialization, commercial expansion, and distribution agreements. Moreover, these participants are substantially spending in product development, which is fueling revenue generation.
The adhesives and epoxy dispensing systems market by region includes North America, Asia-Pacific (APAC), Europe, South America, and Middle East & Africa (MEA).
The Asia Pacific region is the dominant market for these solutions, with China driving demand as a major manufacturing hub and key supply chain stakeholder for a wide range of products. North America is another important market for these solutions, with the United States being the region's dominant market. Rising per capita disposable income and strong growth in the manufacturing sector are expected to fuel future growth.
Due to high demand from a variety of end-user industries, Europe was the second largest region in terms of revenue, accounting for 26.06 percent of the market. Consumer disposable income and GDP growth rates have increased in recovering regional economies such as Germany. Other countries, including the United Kingdom and France, are expected to see strong demand for advanced consumer electronics with high multi-functionality and wearability.
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