Corona Treatment System Market Forecasts to 2030 – Global Analysis By Type (Bare roll, Covered roll, Wide Web Corona Treatment System and Other Types), By Component (Power Supply, High Voltage Transformer, Treating Station and Other Components), Applicati

Corona Treatment System Market Forecasts to 2030 – Global Analysis By Type (Bare roll, Covered roll, Wide Web Corona Treatment System and Other Types), By Component (Power Supply, High Voltage Transformer, Treating Station and Other Components), Application and By Geography

According to Stratistics MRC, the Global Corona Treatment System Market is accounted for $767.2 million in 2023 and is expected to reach $1240 million by 2030 growing at a CAGR of 7.1% during the forecast period. Corona Treatment System is an industrial device used for surface treatment of various materials, primarily in the packaging, printing, and plastics industries. The system utilizes a high-frequency electrical discharge, or corona discharge, to modify the surface properties of materials. It involves the creation of a low-temperature plasma corona to increase surface energy and improve adhesion properties. This treatment is essential for enhancing the printing, coating, or bonding capabilities of substrates like plastic films, foils, and papers.

According to the US Census Bureau, confectionery manufacturing industry revenue in the United States is expected to reach USD 10.89 billion by FY 2023.

Market Dynamics:

Driver:

Increasing demand for packaging and printing industries

The growing demand for packaging and printing industries acts as a significant driver in the corona treatment system market. These industries require precise surface treatment to enhance print quality, adhesion, and durability. With the increasing need for attractive and functional packaging in the consumer goods sector, as well as evolving printing technologies, the demand for corona treatment systems has surged. As packaging and printing continue to expand, the market is experiencing steady growth, offering essential solutions for these sectors.

Restraint:

Expensive corona treatment systems

The initial investment required for purchasing and installing these systems can be substantial, making it a barrier for smaller businesses with limited capital. Additionally, operational expenses, including electricity, maintenance, and replacement parts, further contribute to the overall cost of ownership. This expense may deter potential buyers, particularly those with budget constraints, and can slow down the adoption rate of Corona Treatment Systems, impacting market growth.

Opportunity:

Growing automotive sector

As the automotive industry expands, there is an increasing demand for high-quality, functional, and visually appealing plastic and polymer components used in vehicles. Corona treatment systems are essential for enhancing the surface adhesion and printability of these materials, ensuring the longevity and performance of automotive parts. With advancements in electric vehicles and lightweight materials, the need for effective surface treatment is on the rise. This presents a lucrative opportunity for corona treatment system manufacturers to cater to the automotive sector's evolving needs, driving market growth.

Threat:

Limited compatibility

Limited compatibility poses a threat to the corona treatment system market, as these systems may not be suitable for treating all types of substrates and materials. Some materials may not respond well to corona treatment, leading to suboptimal results or potential damage. This limitation can restrict the application of corona treatment systems in industries where a diverse range of materials are used.

Covid-19 Impact:

The COVID-19 pandemic had a significant impact on the Corona Treatment System market. With increased awareness of the importance of disinfection and sterilization, demand for these systems surged in various industries, including healthcare, manufacturing, and packaging. The pandemic underscored the need for effective surface treatments to prevent the virus's spread. Additionally, the medical sector required advanced corona treatment for the production of personal protective equipment (PPE). While the pandemic posed operational challenges, it accelerated innovation and investments in corona treatment technology, leading to long-term growth prospects in the market.

The packaging segment is expected to be the largest during the forecast period

During the forecast period, the packaging segment is anticipated to secure the largest market share due to the increasing demand for packaged goods, driven by e-commerce, the food and beverage industries, and consumer preferences for convenience, which is boosting the need for advanced packaging solutions. Additionally, there is a growing emphasis on product safety and quality, necessitating effective corona treatment for packaging materials to enhance printability, adhesion, and overall product presentation. These factors, coupled with the ongoing developments in the packaging industry, are expected to drive the robust market share growth of the packaging segment.

The high voltage transformer segment is expected to have the highest CAGR during the forecast period

Over the forecast period, the high-voltage transformer segment is poised for significant growth. The increasing demand for electricity transmission and distribution infrastructure, particularly in emerging economies, is driving the need for high-voltage transformers to efficiently transmit power over long distances. The transition to renewable energy sources, such as wind and solar, requires high-voltage transformers to connect these sources to the grid. Furthermore, technological advancements, grid modernization, and the replacement of aging infrastructure contribute to the strong growth potential of the high-voltage transformer segment.

Region with largest share:

Over the forecast period, North America is expected to witness the largest market share. The region is a hub for advanced manufacturing, including the production of packaging materials, plastics, and electronics, all of which require corona treatment systems. Stringent quality and safety standards in industries like healthcare and automotive drive the demand for surface treatment solutions. Additionally, the presence of key market players and ongoing technological advancements further strengthen North America's market position.

Region with highest CAGR:

Asia Pacific is poised to experience the highest growth rate in the corona treatment system market due to the region's expanding manufacturing and packaging industries, coupled with the rising demand for consumer goods and electronics, which are driving the need for efficient surface treatment solutions. Additionally, growing awareness of sustainability and environmental concerns is pushing manufacturers to adopt eco-friendly packaging materials, which often require corona treatment. Furthermore, the region's increasing healthcare sector is also contributing to the demand for corona treatment systems for medical packaging. This confluence of factors positions Asia Pacific for significant market expansion.

Key players in the market

Some of the key players in Corona Treatment System Market include Arcotec Gmbh, Baldwin Ahlbrandt, Chaang Horng Electronic co., ltd, Corotec Corporation, Electro Tech Industries, Eltech Engineers Pvt. Ltd, Enercon Industries, Ferrarini & Benelli, HeFeng, Nantong Sanxin Plastics Equipment, Pillar Technologies, QC Electronics, Shanghai Corona Treater Co, Ltd, Softal Corona & Plasma GmbH, Tantec A/S and Vetaphone.

Key Developments:

In September 2023, Enercon Services, Inc., a leading engineering and environmental services firm that supports the safe and efficient production, delivery, and use of electricity, announced today it has entered into a definitive agreement to receive a significant investment from funds managed by Oaktree Capital Management, L.P. (“Oaktree”). In partnership with management, Oaktree will provide additional resources to support the Company’s strategic vision and growth plans. In connection with the transaction, AE Industrial Partners, LP sold its stake in ENERCON. Terms of the transaction were not disclosed.

In May 2023, Baldwin Technology Company Inc. will introduce its range of technologies at Graphics Canada, which will take place at the Toronto International Centre, May 11-13. Solutions to be discussed at Graphics Canada will include corona surface treatment systems, automated cylinder cleaning systems, LED-UV curing, roto-spray systems, and technologies for color management and defect detection.

Types Covered:
• Bare roll
• Covered roll
• Wide Web Corona Treatment System
• Narrow Web Corona Treatment System
• Other Types

Components Covered:
• Power Supply
• High Voltage Transformer
• Treating Station
• Electrodes
• Other Components

Applications Covered:
• Packaging
• Label Printing
• Food and Beverages
• Automotive
• Electronics
• Textiles
• Other Applications

Regions Covered:
• North America
US
Canada
Mexico
• Europe
Germany
UK
Italy
France
Spain
Rest of Europe
• Asia Pacific
Japan
China
India
Australia
New Zealand
South Korea
Rest of Asia Pacific
• South America
Argentina
Brazil
Chile
Rest of South America
• Middle East & Africa
Saudi Arabia
UAE
Qatar
South Africa
Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements