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Hot Runners for Packaging Market Growing Business Factors: Industry Trends, Share, Size, Growth, Opportunity and Forecast, Fortune Business Insights
Hot Runners for Packaging Market
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Hot runners for packaging is an injection molding system used to produce heated plastics in industries. Increasing product applications from several industries are expected to boost its demand significantly. The rising adoption of the product from several industries is expected to fuel its demand. Furthermore, the rising adoption of the product for rigid bulk and tin-wall packaging industries is expected to boost its demand. This demand is attributable to the emergence of several packaging and manufacturing industries globally. These factors are likely to boost the market development during the upcoming years.
List of Key Players Profiled in this Market Report:
• 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)
COVID-19 Impact
Rising Demand for the Machine from the Packaging Sector to Boost Market Progress
This market is expected to be positively impacted during the COVID-19 pandemic because of the rising product adoption in the food & beverage, medical, skincare, and other sectors to produce packaging material. The rising adoption of production machinery is expected to boost its demand. Further, manufacturers adopt social distancing, reduced capacities, and part-time shifts to meet demand and recover their losses. These factors are likely to bolster market progress during the pandemic.
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Report Coverage
The report provides a detailed analysis of the top segments and the latest trends in the market. It comprehensively discusses the driving and restraining factors and the impact of COVID-19 on the market. Additionally, it examines the regional developments and the strategies undertaken by the market's key players.
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Drivers and Restraints
Robust Demand for Plastic Products from Several Industries to Bolster Product Demand
The rapid adoption of plastic products from several industries for packaging and other purposes is expected to boost hot runners for packaging’s demand. It is used to produce PET bottles, cups, trays, medicine, salad dressing, household cleaner packaging applications because of its ease of use and effectiveness. Furthermore, it is used in industrial applications because of the shelf life of the products produced. Moreover, the rising adoption of these runners for packaging in the agricultural and food & beverage sector is expected to boost its sales. These factors are likely to drive the hot runners for packaging market growth.
Competitive Landscape
Major Players Announce Innovative Products to Boost Brand Image
Prominent companies operating in the market announce novel products to boost their brand image. For example, Husky Injection Molding Systems Ltd. announced its ‘UltraShot Injection System’ injection technology molding in January 2021 to improve their design freedom and mold superior quality parts. UltraShot Injection System practices lesser high-pressure injection cycles, conserving the original resin properties and boosting the product’s quality. Furthermore, adopting research and development, acquisition, mergers, technologically advanced production technologies may enable market players to improve their product quality and boost their market position.
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Industry Development
• October 2020: HRS flow announced its new production site with approximately ~3, 000 sqm for the European market. It is designed in accordance with manufacturing requirements and shall enable the company to increase its production flexibility and capacity for clients in Europe.
Table of Content
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
Toc Continued….
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Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data.
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