Hot Runners for Packaging Market, Forecast 2024-2032
The Hot Runners for Packaging Market size was valued at USD 638.0 USD million in 2023 and is projected to reach USD 2326.38 USD million by 2032, exhibiting a CAGR of 20.3 % during the forecast period. Hot runners for packaging are special injection moulding technologies developed to provide better performance in the packaging production. Such systems do not require the use of runners since the plastic is constantly in molten form due to heated channels and then directly shot into the mould cavities. Externally heated, internally heated, and valve-gated types of hot runners are in use, each suitable for a specific application. The characteristic features include tight temperature control of the hot runners, shortened time on the cycle and high material utilization. It is useful in uses such as bottle caps, containers and thin-walled packaging and goods where appearance and uniformity are important. The benefits of using hot runners in packaging are substantial: A push-bend employs increases in production speed, effect reduction in material cost due to less wastage, improvement in product quality due to fewer flaws, and increased flexibility in the design of the product.
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The global hot runners for packaging market report by Market Research Future provides:
The Asia-Pacific region is expected to witness the fastest growth due to the rising demand for packaged goods and expansion of the medical and healthcare industries.
Aspects | Details |
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Study Period | 2018-2032 |
Base Year | 2023 |
Estimated Year | 2024 |
Forecast Period | 2024-2032 |
Historical Period | 2018-2023 |
Growth Rate | CAGR of 20.3% from 2018-2032 |
Segmentation |
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Aspects | Details |
---|---|
Study Period | 2018-2032 |
Base Year | 2023 |
Estimated Year | 2024 |
Forecast Period | 2024-2032 |
Historical Period | 2018-2023 |
Growth Rate | CAGR of 20.3% from 2018-2032 |
Segmentation |
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Note* : In applicable scenarios
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