The global packaging machine heaters market size is likely to be valued at USD 5.3 billion in 2023. The increasing demand from the automobile and the automotive sector is driving market growth. The market is estimated to garner USD 7.4 billion in 2033, recording a CAGR of 3.5% from 2023 to 2033
The growth of the packaging machine heaters market is driven by increasing demand for packaged products across various industries, such as food and beverages, pharmaceuticals, personal care, and consumer goods. The trend towards automation and the need for higher production efficiency are driving the demand for advanced packaging machines with efficient heaters. Manufacturers are seeking packaging machines that can operate at high speeds, deliver consistent heat output, and optimize energy consumption. Heaters that offer fast heat-up times, precise temperature control, and energy efficiency are in high demand.
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The rising expansion of industries and industrialization in emerging economies, particularly in the Asia Pacific and Latin America, is driving the demand for packaging machine heaters. North America is a significant market for packaging machine heaters, driven by the presence of a well-established packaging industry, technological advancements, and high consumer demand. Europe is another prominent market for packaging machine heaters, driven by factors such as the presence of leading packaging manufacturers, increasing demand for packaged products, and emphasis on sustainability.
Key Takeaways from the Market Study
- From 2018 to 2022, the packaging machine heaters market demand expanded at a CAGR of 2.4%
- Based on product type, the standard heaters segment accounts for a CAGR of 3.3%
- By end-use, the automotive segment is expected to expand at a CAGR of 3.4% during the forecast period
- North America to emerge as a promising packaging machine heaters market, capturing a CAGR of 3.4%
- The packaging machine heaters industry in the United Kingdom is predicted to reach US$ 3.2 billion by 2033
- South Asia and the Pacific to be an opportunistic packaging machine heaters market, expected to capture a CAGR of 3.1% during the forecast period.
Competitive Landscape
The global packaging machine heaters market is fragmented with the presence of several large and medium-scale players. The leading players in the packaging machine heaters market are investing in strategic agreements in order to capture market share. Prominent players in the packaging machine heaters market are:
Key Player
- OMEGA HEATER
- Watlow
- Nordic Sensors Industrial Inc.
- Cartridge Heater Maxiwatt
- KIT HOFHEIM
- Türk+Hillinger
- Vulcan Electric
- Tutco Heating Solutions Group
- Backer Hotwatt
- Thermal Corporation
Key Market Development
- Watlow, a leading provider of industrial heaters and temperature controllers, has been focusing on developing advanced heaters for packaging applications. They have introduced innovative cartridge heaters with integrated temperature sensors and improved thermal performance. These heaters are designed to enhance temperature control accuracy and optimize energy efficiency in packaging machines.
- Hotset GmbH, a manufacturer of heating elements and systems, has recently launched new band heaters with enhanced features for packaging machines. These band heaters are designed with improved insulation materials and advanced temperature control mechanisms to ensure precise heat distribution and maintain consistent heat sealing and shrinking performance.
Know More about What the Packaging Machine Heaters Market Report Covers
Future Market Insights offers an unbiased analysis of the global packaging machine heaters market, providing historical data for 2018 to 2022 and forecast statistics from 2023 to 2033.
To understand opportunities in the packaging machine heaters market, the market is segmented based on end-users, product type, and density across six major regions.
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Key Segmentations
By End Users:
- Automotive Industry
- Paper-making Industry
- Woodworking Industry
- Pharmaceutical Industry
- Electronic & Electrical
By Product Type:
- Standard Heaters
- Swaged Heaters
By Density:
- High-Density Heaters
- Medium Density Heaters
- Low-Density Heaters
By Region:
- North America
- Latin America
- Western Europe
- Eastern Europe
- South Asia and Pacific
- East Asia
- Middle East & Africa
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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