Fortune Business Insights recently released “The Hot Runners for Packaging Market Report 2024,” offering in-depth market analysis and critical insights to help clients gain a competitive edge. This comprehensive study delivers key findings for strategic advantage.

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, 2021-2028

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The market’s competitive landscape for hot runners for packaging market is evaluated by analyzing key industry players, their production capacities and utilization rates, hot runners for packaging marketM’s production chain, manufacturer pricing, and the revenue each manufacturer generates globally in the hot runners for packaging marketM sector.

Major companies 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)

Market atributes:

Report ComponantAspects
Forecast Period2020-2028
Projected Market Value for 2020:USD 638.0 million
Forecasted Market Value for 2028:USD 911.2 million
Compound Annual Growth Rate (CAGR):4.6

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Key Drivers and restraints:

  • 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.

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

Industry developments:

  • January 2021: – 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.
  • July 2020: 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.

Table of Content :

  • 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…!

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