The global packaging machine heaters market accumulated a value of USD 5.2 billion in 2022. Demand is likely to remain high for packaging machine heaters during the assessment period. This is due to the increased technological advances and increased application in various sectors garnering USD 7.4 billion in 2033, recording a CAGR of 3.5% from 2023 to 2033. The market is likely to secure USD 5.3 billion in 2023.
| Data Points | Key Statistics |
|---|---|
| Packaging Machine Heaters Market Size Value in 2023 | USD 5.3 billion |
| Packaging Machine Heaters Market Forecast Value in 2033 | USD 7.4 billion |
| Global Growth Rate | 3.5 % |
| Forecast Period | 2023 to 2033 |
Key Factors Shaping the Demand Outlook of the Packaging machine heaters Industry
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| Historical CAGR (2018 to 2022) | 2.4% |
|---|---|
| Forecasted CAGR (2023 to 2033) | 3.5% |
Packaging machine heaters are the equipment that transfer heat from one surface to another. The unique aspect of these heaters are that they are capable of transferring heat at a uniform temperature.
The packaging machine heaters are resistant to corrosion and oxidation, and have the ability to function at a higher efficiency even at higher temperatures. The packaging machine heaters are rated according to their watt density.
The packaging machine heaters are either 240 Volt or 120 Volt. Packaging machine heaters are extensively used for plastic molds, injection molding, hot stamping, medical equipment, woodworking and, for many other applications.
Previously, the CAGR for the packaging machine heaters market was 2.4%. But for the forecast period, it has jumped to 3.5%. These figures state how rapidly this market is expected to grow, owing to its increased applications across sectors.
Increasing Awareness About the Benefits of Packaging Machine Heaters to Drive the Market Growth
It is important that any machine that is a part of any supply chain process functions with the highest efficiency. The chances are that because of continuous functioning, there might be cases of wear and tear, as a result of which certain pores or holes develop.
These pores have a tendency to negatively impact the performance of the machine, as a result of which the consequences are seen throughout the process. It is here that the packaging machine heaters come in handy. The packaging machine heaters are used to fill these holes through sealing or filling. This is anticipated to increase the demand for packaging machine heaters.
Packaging machine heaters also have the ability to function efficiently at high temperatures. The high-density packaging heaters are specially meant for maximum temperature processing capability. They are used for sealing, packaging, and molding.
Apart from that the life expectancy is also quite high, which is crucial for efficient functioning of the entire process. This is expected to increase the sales of packaging machine heaters.
The heating coils of the packaging machine heaters are made up of ceramic cores and are isolated from the sheath. The ceramic cores ensure that the packaging heaters remain resistant to high temperatures, and protect wires from oxidation and filter impurities.
This benefit is anticipated to increase the sales of packaging machine heaters. There are certain industrial applications that demand better heat transfer from one surface to another. The swaged packaging machine heaters offer exactly that. Apart from maintaining the temperature, these offer better resistance from extreme cases.
This is expected to increase the demand for packaging machine heaters. The packaging machine heaters are affordable as well. Given the importance they have in performing the required function, being affordable along with offering so much at the same time is something that the manufacturers look forward to. This is expected to increase the sales of packaging machine heaters.
Apart from the investment done to buy the heaters, these heaters are also meant for low emissions. The low emissions by these heaters make them environmentally friendly and are therefore much sought after. This is expected to increase the adoption of packaging machine heaters. The heaters also have low maintenance costs. Maintenance is something that needs to be done on a regular basis. This ensures a higher shelf life for these types of heaters. Even the low maintenance cost is expected to increase the adoption of packaging machine heaters.
The usage of packaging machine heaters is not limited to one or two sectors. It is used across sectors like pharmaceutical, electrical, electronics, etc. Moreover, these sectors are expected to grow in the coming times. But there has to be a special mention of the pharmaceutical industry, because the packaging machine heaters are specifically used in the manufacture of certain kinds of products pertaining to the pharmaceutical industry. The growth of these sectors will positively impact the growth of packaging machine heaters. This is expected to increase the demand for packaging machine heaters.
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The Lack of Skilled Labour May Hamper the Market Growth
The main challenge pertaining to the packaging machine heaters is that there is a lack of skilled professionals in this space. This creates a void in the market, which needs to be filled.
The manufacturers need to be extra careful while operating the packaging machine heaters. With the required insulation and safe installation, there are chances that the machine may catch fire because of any other reason. These are certain challenges that need to be addressed by the manufacturers.
The Rapid Growth in Pharmaceuticals to Drive The Market Growth
The North American packaging machine heaters market, which is growing at a rate of 19.5% in 2023, is expected to display decent growth during the forecast period.
With the increase in the growth rate of the FMCG sector as well as the pharmaceutical sector, the packaging machine heaters market share is expected to increase in the coming days. With the electrical and electronics industry rising in the region, the market for packaging machine heaters is expected to increase in North America.
Increasing Demand from The Automotive Industry to Spur the Market Growth
The European packaging machine heaters market, which is growing at a rate of 23.5% as of 2023, is expected to grow at a good rate during the forecast period.
The pharmaceutical, electrical, and electronics sector, which are decently faring in Europe, it is the automotive and automobile industry that thrives in the region. Even the automotive and automobile sectors require packaging machine heaters for the purpose of filling and heat transfer during the manufacturing process.
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Automotive Industry Segment to Remain Highly Sought After
In terms of end-user, the global market has been segmented into automotive, paper making, woodworking, pharmaceutical, electronic & electrical. The automotive segment is likely to lead the global market during the forecast period. The segment is projected to account for a CAGR of 3.4% during the forecast period.
Standard Heaters Segment to Generate High Revenue
As per FMI’s analysis, the standard heaters segment accounts for 25.4% of the total packaging machine heaters market share. The segment is projected to account for a CAGR of 3.3% during the forecast period.
Standard heaters in packaging machines are designed to provide consistent and controlled heat for specific packaging applications. They are typically used for heat sealing, heat shrinking, heat bonding, and heat curing processes. These heaters ensure that the packaging materials, such as films, foils, or labels, are heated to the required temperature for forming a secure and reliable seal, shrinking around the product, or bonding together.
The start-up ecosystem of the packaging machine heaters market is buzzing with developments across the world. There are a lot of happening; be it collaborations for developing suitable solutions or developing sustainable solutions.
Kiefel GmbH which serves customers in the automotive, medical, and refrigeration announced that it had teamed up with Watttron GmbH to create a technology that enables precise, targeted heating of surfaces using square heating pixels that can be individually controlled. This technology allows plastics processor to use thinner plastic film, significantly reducing energy consumption.
The packaging machine heaters’ market share is expected to increase in the future. Some of the key players in the packaging machine heaters market are OMEGA HEATER, Watlow, Nordic Sensors Industrial Inc., Cartridge Heater Maxiwatt, KIT HOFHEIM, Türk+Hillinger, ZOPPAS INDUSTRIES S.P.A., Tempco Electric Heater Corporation, Vulcan Electric, Tutco Heating Solutions Group, Backer Hotwatt, Thermal Corporation.
| Report Attribute | Details |
|---|---|
| Growth Rate | CAGR of 3.5% from 2023 to 2033 |
| Market Value in 2023 | USD 5.3 billion |
| Market Value in 2033 | USD 7.4 billion |
| Base Year for Estimation | 2022 |
| Historical Data | 2018 to 2022 |
| Forecast Period | 2023 to 2033 |
| Quantitative Units | Revenue in USD Billion and CAGR from 2023 to 2033 |
| Report Coverage | Revenue Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis |
| Segments Covered | End-User, Product Type, Density, Region |
| Regions Covered | North America; Latin America; Western Europe; Eastern Europe; South Asia and Pacific; East Asia; Middle East & Africa |
| Key Countries Profiled | United States, Canada, Brazil, Mexico, Germany, United Kingdom, France, Spain, Italy, Poland, Russia, Czech Republic, Romania, India, Bangladesh, Australia, New Zealand, China, Japan, South Korea, GCC Countries, South Africa, Israel |
| Key Companies Profiled | OMEGA HEATER; Watlow; Nordic Sensors Industrial Inc.; Cartridge Heater Maxiwatt; KIT HOFHEIM; Türk+Hillinger; Vulcan Electric; Tutco Heating Solutions Group; Backer Hotwatt; Thermal Corporation |
| Customization & Pricing | Available upon Request |
In 2023, the Packaging Machine Heaters market is valued at USD 5.3 billion.
Until 2033, the market will experience a 3.5% CAGR.
The market shall reach USD 7.4 billion in 2033.
From 2018 to 2022, the market registered a CAGR of 2.4%.
KIT HOFHEIM, Türk+Hillinger, and Vulcan Electric are key market players.
1. Executive Summary 2. Market Overview 3. Market Background 4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033 5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By End Users 5.1. Automotive 5.2. Paper making 5.3. Woodworking 5.4. Pharmaceutical 5.5. Electronic & Electrical 6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Product Type 6.1. Standard Heaters 6.2. Swaged Heaters 7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Density 7.1. High Density Heaters 7.2. Medium Density Heaters 7.3. Low Density Heaters 8. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region 8.1. North America 8.2. Latin America 8.3. Western Europe 8.4. Eastern Europe 8.5. South Asia and Pacific 8.6. East Asia 8.7. Middle East and Africa 9. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 10. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 11. Western Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 12. Eastern Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 13. South Asia and Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 14. East Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 15. Middle East and Africa Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 16. Key Countries Market Analysis 17. Market Structure Analysis 18. Competition Analysis 18.1. OMEGA HEATER 18.2. Watlow 18.3. Nordic Sensors Industrial Inc. 18.4. Cartridge Heater Maxiwatt 18.5. KIT HOFHEIM 18.6. Türk+Hillinger 18.7. ZOPPAS INDUSTRIES S.P.A. 18.8. Tempco Electric Heater Corporation 18.9. Vulcan Electric 18.10. Tutco Heating Solutions Group 18.11. Backer Hotwatt 18.12. Thermal Corporation 19. Assumptions & Acronyms Used 20. Research Methodology
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Packaging Machine Heaters Market
