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Hot Runners for Packaging Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032

Best Price Guarantee Length Publisher Published Date SKU
from $5,850 140 Pages Fortune Business Insights Pvt. Ltd. November, 2024 FOB19326543
Best Price Guarantee
Price from $5,850
Length 140 Pages
Publisher Fortune Business Insights Pvt. Ltd.
Published Date November, 2024
SKU FOB19326543

Hot Runners for Packaging Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032



Growth Factors of Hot Runners for Packaging Market

The hot runners for packaging market size was valued at USD 638.0 million in 2023, and the market is now projected to grow from USD 665.2 million in 2024 to USD 911.2 million by 2032, exhibiting a CAGR of 3.4% during the forecast period of 2024-2032.

This COVID -19 had affected the hot runner in the packaging market drastically. Due to increase in number of e-commerce and home delivery during lock downs there was increased demand in packaging materials hence the hot runner systems. These systems makes manufacturing more efficient by minimizing the use of plastics, something that has been (push) in line with demands for sustainability. Nonetheless, many operational disruptions in supply chains and raw material constraints led to production delays and product costs. However, COVID demonstrated the need for pliable packaging systems, which would lead to increased development and integration of hot runners to satisfy consumer preferences and new rules in packaging.

The hot runners for the packaging market have new developments due to sustainability and improvement of efficiency. This is considering the fact that new systems are developed for recyclable and biodegradable for use in line with the trend in green party packaging. Accuracy and speed are also important, and, with the help of hot genes, automated digital control systems can obtain high production rates and uniformity. Also important is the ability to provide hot runner in various modular options suitable for quick changes in production, characteristic for today’s customer demand for multiple goods variations. Given the current trends in e-commerce, these innovations propel manufacturers to meet the high volumes and sustainable packaging in an effective way. Thus, all the above mentioned factors are contributing towards the hot runners for packaging market growth.

The application of hot runners in the packaging market is due to the growing need for greater production speed, reduced production costs, and environmental consciousness. These systems remove spruce therefore reducing the amount of plastic that is produced thus making them the go to systems as companies tries to cut their ecological footprint. The increasing customer awareness of lightweight, recyclable packaging materials also drives hot runner technology enhancements due to the application of sustainable materials in molding. Also, the globalization of the packaging industry, rise of e-commerce and high packaging turnover press for the higher rates of production where hot runners’ use becomes vital; therefore, it is promoted even more around the globe.

Comprehensive Analysis Hot Runners for Packaging Market

The market of hot runners for packaging is categorized by type of product, by the application of the product, end-users, and by regions. With regard to type of the gates the choices are open gate and a valve gate which is in line with the packaging necessities of the buckets, trays, as well as cups. This ranges from bottles and coffee pods to lids and all other packaging materials as well. Some of the main target consumers are foods and beverages, health and beauty, agriculture, health care, and industrial applications. On a geographical basis, the market ranges across North America, the European Union, the Asia-Pacific or others, which lays demand depending on the attention to a certain industry or consumers.

Within the geographic regions Asia-Pacific stands out in the hot runners for packaging market due to factors such as rapidly increasing industrialization, growing population, and an expanding e-commerce industry. Some of the biggest contributors include China, India, and Japan, where, the food and beverage industries, healthcare and consumer goods industries among others are increasing demand for efficient, sustainable packaging solutions. Environmental concerns on packaging and large production volumes in the regions have fuelled the adoption of hot runner systems. In addition, to the existing pleasant government policies encouraging manufacturing and green technologies, Asia-Pacific come out strongly as the overall global manufacturing leader in this market, effectively catering for both local and international packaging requirements.

Key players in this sector include 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).

Packaging hotspot for 2024 are sustainability and efficiency of the hot runner systems, especially in the manufacturing of coffee pods. As awareness regarding the environmental impact increases there have been efforts towards developing reusable and biodegradable coffee pods using hot runner systems with improved mold tolerance to reduce the amount of plastics used. New hot runners have been developed to operate with compostable materials, made possible due to the improved cycle time and energy efficiency. Also automation and digital monitoring for hot runners helps to keep good quality that means that manufactures fulfill demand for single servings, biodegradable cups for portioned coffee without a decline in performance.

Segmentation Table

ATTRIBUTE

DETAILS

Study Period

2019-2030

Base Year

2022

Estimated Year

2023

Forecast Period

2023-2030

Historical Period

2019-2021

Growth Rate

CAGR of 6.1% from 2023 to 2030

Unit

Value (USD million)

Segmentation

By Product Type, End-User, and Region

Segmentation

By Product Type

Rolling Flat Dies

Thread Rolling Cylindrical Dies

Rotary Type Thread Rolling Dies

Rack Type Rolling Dies

Trimming Dies

Round Dies

Others (Drill Point Dies)

By End-User

Automotive

White Goods

Medical

Cutlery

Consumer Electronics

General Engineering

Others (Marine)

By Region

North America (By Product Type, End-User and Country)
  • U.S.
  • Canada
Europe (By Product Type, End-User and Country)
  • U.K.
  • Germany
  • France
  • Italy
  • Spain
  • Russia
  • BENELUX
  • Nordics
  • Rest of Europe
Asia Pacific (By Product Type, End-User and Country)
  • China
  • India
  • Japan
  • South Korea
  • ASEAN
  • Oceania
  • Rest of Asia Pacific
Middle East & Africa (By Product Type, End-User and Country)
  • Israel
  • Turkey
  • GCC
  • North Africa
  • South Africa
  • Rest of Middle East & Africa
South America (By Product Type, End-User and Country)
  • Brazil
  • Argentina
  • Rest of South America
Please Note: It will take 5-6 business days to complete the report upon order confirmation.


1. Introduction
1.1. Definition, By Segment
1.2. Research Methodology/Approach
1.3. Data Sources
2. Executive Summary
3. Market Dynamics
3.1. Macro and Micro Economic Indicators
3.2. Drivers, Restraints, Opportunities and Trends
3.3. Impact of COVID-19
3.3.1. Short-term Impact
3.3.2. Long-term Impact
4. Competition Landscape
4.1. Business Strategies Adopted by Key Players
4.2. Consolidated SWOT Analysis of Key Players
4.3. Porter’s Five Force Analysis
5. Global Hot Runners for Packaging Key Players Market Share Insights and Analysis, 2020
6. Global Market Share Analysis of Key Manufacturers of Plastic Products Catering to Packaging Sector, 2020
7. Competition Landscape of Machines Manufacturers, 2020
8. Key Market Insights and Strategic Recommendations
9. Primary Respondent Insights
10. Profiles of Key Players (Would be provided for 10 players only)
10.1. Overview
10.1.1. Key Management
10.1.2. Headquarters etc.
10.2. Offerings/Business Segments
10.3. Key Details (Key details are subjected to data availability in public domain and/or on paid databases)
10.3.1. Employee Size
10.3.2. Past and Current Revenue
10.3.3. Geographical Share
10.3.4. Business Segment Share
10.4. Recent Developments
11. Annexure / Appendix
11.1. Global Hot Runners for Packaging Market Size Estimates and Forecasts (Quantitative Data), By Segments, 2017-2028
11.1.1. By Type (USD Mn)
11.1.1.1. Open Gate Hot Runners
11.1.1.2. Valve Gate Hot Runners
11.1.2. By Application (USD Mn)
11.1.2.1. Buckets
11.1.2.2. Trays
11.1.2.3. Cups
11.1.2.4. Bottles
11.1.2.5. Coffee Pods & Capsules
11.1.2.6. Others (Lids, etc.)
11.1.3. By End-Users (USD Mn)
11.1.3.1. Food & Beverages
11.1.3.2. Medical, Health & Skincare
11.1.3.3. Agricultural Products
11.1.3.4. Other Industrial Use
11.1.4. By Region (USD Mn)
11.1.4.1. North America
11.1.4.2. South America
11.1.4.3. Europe
11.1.4.4. Middle East and Africa
11.1.4.5. Asia Pacific
11.2. North America Hot Runners for Packaging Market Size Estimates and Forecasts (Quantitative Data), By Segments, 2017-2028
11.2.1. By Type (USD Mn)
11.2.1.1. Open Gate Hot Runners
11.2.1.2. Valve Gate Hot Runners
11.2.2. By Application (USD Mn)
11.2.2.1. Buckets
11.2.2.2. Trays
11.2.2.3. Cups
11.2.2.4. Bottles
11.2.2.5. Coffee Pods & Capsules
11.2.2.6. Others (Lids, etc.)
11.2.3. By End-Users (USD Mn)
11.2.3.1. Food & Beverages
11.2.3.2. Medical, Health & Skincare
11.2.3.3. Agricultural Products
11.2.3.4. Other Industrial Use
11.2.4. By Country (USD Mn)
11.2.4.1. United States
11.2.4.2. Canada
11.2.4.3. Mexico
11.3. South America Hot Runners for Packaging Market Size Estimates and Forecasts (Quantitative Data), By Segments, 2017-2028
11.3.1. By Type (USD Mn)
11.3.1.1. Open Gate Hot Runners
11.3.1.2. Valve Gate Hot Runners
11.3.2. By Application (USD Mn)
11.3.2.1. Buckets
11.3.2.2. Trays
11.3.2.3. Cups
11.3.2.4. Bottles
11.3.2.5. Coffee Pods & Capsules
11.3.2.6. Others (Lids, etc.)
11.3.3. By End-Users (USD Mn)
11.3.3.1. Food & Beverages
11.3.3.2. Medical, Health & Skincare
11.3.3.3. Agricultural Products
11.3.3.4. Other Industrial Use
11.3.4. By Country (USD Mn)
11.3.4.1. Brazil
11.3.4.2. Argentina
11.3.4.3. Rest of South America
11.4. Europe Hot Runners for Packaging Market Size Estimates and Forecasts (Quantitative Data), By Segments, 2017-2028
11.4.1. By Type (USD Mn)
11.4.1.1. Open Gate Hot Runners
11.4.1.2. Valve Gate Hot Runners
11.4.2. By Application (USD Mn)
11.4.2.1. Buckets
11.4.2.2. Trays
11.4.2.3. Cups
11.4.2.4. Bottles
11.4.2.5. Coffee Pods & Capsules
11.4.2.6. Others (Lids, etc.)
11.4.3. By End-Users (USD Mn)
11.4.3.1. Food & Beverages
11.4.3.2. Medical, Health & Skincare
11.4.3.3. Agricultural Products
11.4.3.4. Other Industrial Use
11.4.4. By Country (USD Mn)
11.4.4.1. United Kingdom
11.4.4.2. Germany
11.4.4.3. France
11.4.4.4. Rest of Europe
11.5. Middle East and Africa Hot Runners for Packaging Market Size Estimates and Forecasts (Quantitative Data), By Segments, 2017-2028
11.5.1. By Type (USD Mn)
11.5.1.1. Open Gate Hot Runners
11.5.1.2. Valve Gate Hot Runners
11.5.2. By Application (USD Mn)
11.5.2.1. Buckets
11.5.2.2. Trays
11.5.2.3. Cups
11.5.2.4. Bottles
11.5.2.5. Coffee Pods & Capsules
11.5.2.6. Others (Lids, etc.)
11.5.3. By End-Users (USD Mn)
11.5.3.1. Food & Beverages
11.5.3.2. Medical, Health & Skincare
11.5.3.3. Agricultural Products
11.5.3.4. Other Industrial Use
11.5.4. By Country (USD Bn)
11.5.4.1. GCC
11.5.4.2. South Africa
11.5.4.3. Rest of Middle East and Africa
11.6. Asia Pacific Hot Runners for Packaging Market Size Estimates and Forecasts (Quantitative Data), By Segments, 2017-2028
11.6.1. By Type (USD Mn)
11.6.1.1. Open Gate Hot Runners
11.6.1.2. Valve Gate Hot Runners
11.6.2. By Application (USD Mn)
11.6.2.1. Buckets
11.6.2.2. Trays
11.6.2.3. Cups
11.6.2.4. Bottles
11.6.2.5. Coffee Pods & Capsules
11.6.2.6. Others (Lids, etc.)
11.6.3. By End-Users (USD Mn)
11.6.3.1. Food & Beverages
11.6.3.2. Medical, Health & Skincare
11.6.3.3. Agricultural Products
11.6.3.4. Other Industrial Use
11.6.4. By Country (USD Bn)
11.6.4.1. China
11.6.4.2. India
11.6.4.3. Japan
11.6.4.4. Rest of Asia Pacific
11.7. China Hot Runners for Packaging Market Size Estimates and Forecasts (Quantitative Data), By Segments, 2017-2028
11.7.1. By Application (USD Mn)
11.7.1.1. Buckets
11.7.1.2. Trays
11.7.1.3. Cups
11.7.1.4. Bottles
11.7.1.5. Coffee Pods & Capsules
11.7.1.6. Others (Lids, etc.)
11.7.2. By End-Users (USD Mn)
11.7.2.1. Food & Beverages
11.7.2.2. Medical, Health & Skincare
11.7.2.3. Agricultural Products
11.7.2.4. Other Industrial Use

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