Hot Runners for Packaging Market Size, Growth, and Trends by 2024

The global hot runners for packaging market size was USD 638.0 million in 2020. The market is projected to grow from USD 665.2 million in 2021 to USD 911.2 million in 2028 at a CAGR of 4.6% during the 2021-2028 period. The global impact of COVID-19 has been unprecedented and staggering, with Hot Runners for Packaging witnessing a positive impact on demand across all regions amid the pandemic. Based on our analysis, the global market exhibited a lower growth of 3.4% in 2020 as compared to the average year-on-year growth during 2017-2019.. The rise in CAGR is attributable to this market’s demand and growth, returning to pre-pandemic levels once the pandemic is over.

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Recent Industry developments of hot runners for packaging market:

• Husky Injection Molding Systems Ltd. introduced ‘UltraShot Injection System’, a technology of injection molding to improve design freedom and mold the perfect part with supreme quality. Matched to orthodox hot runners, melt in ‘UltraShot Injection System’ practices less high-pressure injection cycles thus, conserving the original resin properties.

• Thermoplay S.p.A, a business of Barnes Group, unveiled a new thermal hot runner solution, which can directly inject from the side. The new open side gate nozzle is available for linear and radial layouts.

Top Keyplayers of hot runners for packaging market:

• Inglass S.p.A. (OC Oerlikon Management AG) (Treviso, Italy)
• Barnes Group Inc. (Connecticut, U.S.)
• Hillenbrand, Inc. (Indiana, U.S.)
• Husky Injection Molding Systems Ltd. (Caledon, Canada)
• Mastip Technology Limited (Auckland, New Zealand)
• Top Grade Molds (Mississauga, Canada)
• Mold Hotrunner Solutions Inc. (Westfall Technik) (Ontario, Canada)
• J-Tech Hot Runner (Ontario, Canada)
• Wellmade IND. Manufacturing(HK) Limited (HongKong, China)
• INCOE Corporation (Michigan, U.S.)
• SEIKI CORPORATION (KISCO LTD.) (Yonezawa-city, Japan)
• YUDO (SUZHOU) HOT RUNNER SYSTEMS CO., LTD (Gyeonggi-do, Korea)
• Zhejiang Snake Hot Runner Technology Co., Ltd. (Zhejiang, China)
• MasterFlow AB (Västervik, Sweden)
• EWIKON Heißkanalsysteme GmbH. (Frankenberg, Germany)
• HEITEC Heisskanaltechnik GmbH (Bottendorf, Germany)
• Hot Techs Hot runner technologies (Mumbai, India)
• Meusburger Georg GmbH & Co KG (Bangalore, India)

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Hot Runners for Packaging Market Segmentation

Hot Runners for Packaging Market Share, Size & COVID-19 Impact Analysis, By Type (Open Gate, and Valve Gate), By Application (Buckets, Trays, Cups, Bottles, Coffee Pods & Capsules and Others), By End-users (Food & Beverages, Medical, Health & Skincare, Agricultural Products and Other Industrial Use) and Regional Forecast Between, 2021-2028

Reasons to buy this report:

This report thoroughly examines the competitive dynamics, growth areas, market conditions, and trends in the hot runners for packaging market. It assists businesses in identifying opportunities for growth and development while highlighting potential challenges and risks. Stakeholders are assisted in developing more informed investment and market strategies by the report’s assessment of product portfolios and business segments.

A thorough grasp of the industry dynamics outlined in the report can help develop successful success strategies in the hot runners for packaging market and greatly improve decision-making. All things considered, this report is an excellent source of information for anyone wishing to learn more about this rapidly changing sector.

Key Report Highlights on the Hot Runners for Packaging Market:

• Market CAGR for the Forecast Period: Provides insights into the Compound Annual Growth Rate (CAGR) of the Hot Runners for Packaging Market from 2024 to 2032.
• Comprehensive Analysis of Growth Drivers: Offers a detailed evaluation of the key factors driving the growth of the Hot Runners for Packaging Market during the forecast period.
• Accurate Market Size and Share Estimates: Precise projections on the size and share of the Hot Runners for Packaging Market, underscoring its position within the larger market landscape.
• Forecasts on Emerging Trends and Consumer Behavior: Predicts future trends and shifts in consumer behavior relevant to the Hot Runners for Packaging Market.
• Regional Growth Analysis: Examines the growth of the Hot Runners for Packaging Market across key regions, including North America, Asia-Pacific (APAC), Europe, South America, the Middle East, and Africa.
• Competitive Landscape Overview: Detailed assessment of the competitive environment, offering insights into the key players within the Hot Runners for Packaging Market.
• Evaluation of Growth Barriers: Analyzes the challenges that may hinder the expansion of suppliers in the Hot Runners for Packaging Market.

Regional Atributes:

• North America (Type, Application, End-users and Country)
  • U.S.
  • Canada
  • Mexico
• South America (Type, Application, End-users and Country)
  • Brazil
  • Argentina
  • Rest of South America
• Europe (Type, Application, End-users and Country)
  • U.K.
  • Germany
  • France
  • Rest of Europe
• Middle East and Africa (Type, Application, End-users and Country)
  • GCC
  • South Africa
  • Rest of Middle East and Africa
• Asia Pacific (Type, Application, End-users and Country)
  • China (By Application and End-users)
  • India
  • Japan
  • Rest of Asia Pacific

Table of Contents:

• Introduction
  • Research Scope
  • Market Segmentation
  • Research Methodology
  • Definitions and Assumptions
• Executive Summary
• Market Dynamics
  • Market Drivers
  • Market Restraints
  • Market Opportunities
• Key Insights
  • Key Industry Developments – Merger, Acquisitions, and Partnerships
  • Porter’s Five Forces Analysis
  • SWOT Analysis
  • Technological Developments
  • Value Chain Analysis

TOC Continued…!

Hot Runners for Packaging Market Drivers and restrains:

• Drivers:
  • Increased Demand for Efficient Packaging: The growing need for high-efficiency and high-quality packaging solutions drives the adoption of hot runners, which improve the consistency and speed of packaging processes.
  • Technological Advancements: Innovations in hot runner technology, such as enhanced thermal control and improved material handling, boost the market by offering better performance and energy efficiency.
  • Growth of the Packaging Industry: Expanding industries such as food and beverage, pharmaceuticals, and consumer goods drive demand for advanced packaging technologies, including hot runners, to meet increasing production needs.
  • Focus on Sustainability: The emphasis on reducing material waste and improving energy efficiency in packaging processes promotes the use of hot runners, which help minimize scrap and enhance material usage.
  • Customization and Precision: The ability of hot runners to provide precise temperature control and customization for different packaging applications enhances their appeal, leading to increased adoption in various sectors.
• Restraints:
  • High Initial Investment: The significant upfront cost associated with purchasing and installing hot runner systems can be a barrier for smaller packaging operations or budget-conscious companies.
  • Maintenance and Complexity: Hot runner systems require regular maintenance and can be complex to manage, which may increase operational costs and affect overall efficiency.
  • Technical Expertise Requirements: Operating and optimizing hot runner systems requires specialized knowledge and technical expertise, which can be a challenge for companies lacking skilled personnel.
  • Risk of Technological Obsolescence: Rapid advancements in hot runner technology may lead to the obsolescence of existing systems, necessitating frequent updates or replacements to stay competitive.
  • Compatibility Issues: Integrating hot runners with existing packaging equipment or processes can sometimes present compatibility issues, potentially causing disruptions or requiring additional adjustments.

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