Press release
Hot Runners for Packaging Market Size 2021 Latest Insights, Outlook by Types, Applications, End Users and Business Opportunities to 2031 | Yudo Group, Fisa Corporation, Seiki Corporation
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Key Trends
Some of the key trends in hot runners for packaging technology include miniaturization, higher temperatures, and greater control. As packaging becomes more sophisticated, hot runners are being used more frequently to create small, intricate designs. In order to accommodate these designs, hot runners are operating at higher temperatures and with greater control. This trend is expected to continue as packaging designs become more complex.
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Key Drivers
The global hot runners for packaging market is driven by the rising demand for hot runners from the packaging industry. The packaging industry is growing at a rapid pace owing to the rising demand for packaged food and beverages. This is expected to fuel the growth of the hot runners for packaging market over the forecast period.
The other key drivers of the hot runners for packaging market include the rising demand for hot runners from the pharmaceutical industry and the increasing use of hot runners in the production of medical devices. The pharmaceutical industry is expected to grow at a significant rate over the forecast period owing to the rising demand for medicines and drugs. This is expected to fuel the growth of the hot runners for packaging market.
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The other key drivers of the hot runners for packaging market include the rising demand for hot runners from the cosmetics industry and the increasing use of hot runners in the production of personal care products. The cosmetics industry is expected to grow at a significant rate over the forecast period owing to the rising demand for cosmetics and personal care products. This is expected to fuel the growth of the hot runners for packaging market.
Key Market Segments
The hot runners for packaging market bifurcated on the basis of type, application, and region. On the basis of type, it is segmented into valve gate hot runner and open gate hot runner. By application, it is analyzed across coffee pods & capsules, bottles, cups, and others. Region-wise, it is studied across North America, Europe, Asia-Pacific, and rest of the World.
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Key Market Players
The hot runners for packaging market report includes players such as INCOE Corporation, INglass Group, Milacron Inc., Seiki Corporation, Yudo Group, Barnes Group Inc., Fast Heat UK Limited, Fisa Corporation, CACO Pacific Corporation, and Günther Heisskanaltechnik.
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