Glue Pen Market Forecast and CAGR
According to the latest research by Fact.MR, the glue pen market is set to witness steady growth during 2021-2031. Demand for these pens will witness steady recovery in the short term, with an optimistic growth outlook in the long run.
These pens have numerous applications in various industry and with a rise in demand for products from industries such as electrical, furniture and others, sales of these pens will see a growth in upcoming years.
What Factors will Influence the Demand for Glue Pen?
Glue pens are used in various industries for different applications, consumers are preferring these pens compared to other alternatives since these pens are easy to handle and don’t make a mess while applying.
These pens find most use in home decoration and art & craft. As these pens are fairly small and are very easy to use, consumers are using these pens in decorating residential places and office space. By using these pens one can avoid gluey dirty hands and can work on a project efficiently. This is driving the sales of these pens around the world.
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European and North American Glue Pen Market outlook
European and North American region has seen growth in sales of glue pen but at a slow rate compared to Asia, but the sales are expected to grow as furniture industry in these regions is seeing growth.
USA, Germany, France, UK and other countries in these regions will see growth because of sales of these pens as consumers are preferring these pens more since these pens don’t make a mess and easy to use.
Who are the Key Manufacturers and Suppliers of Glue Pen?
Some of the leading manufacturers and suppliers in the market are
- EK Tools
- Zig Glue
- Aleene’s Company
- Scotch Brand
- Sakura glue
- Tombow USA
By Product Type
- 6 ml
- 10 ml
- Home Decoration
- Art & Craft
By Distribution Channel
- Online Channel
- Manufacturers website
- Third Party E-Commerce Websit
- Offline Channel
- Department Store
- Specialty Store
- Super Markets
- North America
- US & Canada
- Latin America
- Brazil, Mexico, Argentina & Rest of Latin America
- Germany, France, Italy, Spain, U.K., Benelux, Russia, and Rest of Europe
- East Asia
- China, Japan, South Korea
- South Asia
- India, Thailand, Malaysia, Indonesia and Rest of South Asia
- Australia and New Zealand
- Middle East and Africa
- GCC Countries, Turkey, South Africa, and Rest of Middle East & Africa