Overview and Scope
Flexible paper packaging refers to packaging products by the use of non-rigid paper materials, which allow for more affordable and individualized alternatives. These are used for the delivery and preservation of pharmaceuticals, food, beverages, and non-food items. It is a relatively recent packaging technique that has gained popularity because of its high effectiveness and low cost.
Sizing and Forecast
The flexible heater market size has grown strongly in recent years. It will grow from $1.2 billion in 2023 to $1.29 billion in 2024 at a compound annual growth rate (CAGR) of 7.9%. The growth in the historic period can be attributed to miniaturization trends, automotive industry growth, energy efficiency requirements, consumer electronics evolution, food and beverage processing.
The flexible heater market size is expected to see strong growth in the next few years. It will grow to $1.73 billion in 2028 at a compound annual growth rate (CAGR) of 7.5%. The growth in the forecast period can be attributed to advanced materials development, e-commerce and packaging industry, flexible electronics growth, environmental monitoring solutions, expansion of the aerospace sector.. Major trends in the forecast period include wearable technology, consumer electronics, consumer electronics, advancements in material science, smart heating solutions, innovations in printing technologies.
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Segmentation & Regional Insights
The flexible heater market covered in this report is segmented –
1) By Type: Silicone Rubber-Based, Polyimide-Based, Polyester-Based, Mica-Based, Other Types
2) By Distribution Channel: Retail, Supermarket, Online, Offline, Other Distribution Channels
3) By Industry: Electronics and Semiconductor, Medical, Aerospace and Defense, Food and Beverages, Automotive, Oil and Gas, Mining, Other Industries
North America was the largest region in the flexible paper packaging market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the flexible heater market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
The increase in demand for processed food is expected to propel the growth of the flexible paper packaging market going forward. Processed food refers to a food product that has undergone a number of mechanical or chemical processes in order to alter or preserve it. Processed foods frequently come in boxes or bags and have multiple ingredients listed. To preserve processed food products that are in high demand, flexible paper packaging is used to enclose them and protect them from tampering or contamination from physical, chemical, and biological sources. For instance, according to an article shared by Nutra Ingredients-Asia, a UK-based online news service, in 2022, a government poll in South Korea of 2193 Koreans found that sales of processed foods have increased significantly in the last year, both in terms of volume and frequency of purchases. With 23.7% of all families purchasing processed food two to three times per week compared to 20.6% in 2020, which is a 3.1% rise, it was discovered that many homes have changed to purchasing it more frequently than they did in 2020. Therefore, an increase in demand for processed food is driving the growth of the flexible paper packaging market.
Key Industry Players
Major companies operating in the flexible heater market report are Honeywell International Inc., Nibe Industrier AB, OMEGA Engineering Inc., Watlow Electric Manufacturing Company, Smiths Group plc, All Flex Flexible Circuits LLC, Chromalox Inc., Zoppas Industries S.P.A., Rogers Corporation, Minco Products Inc., Birk Manufacturing Inc., Bucan Electric Heating Devices Inc., Durex Industries Corp., Holroyd Components Ltd., Sinoma International Engineering Co.Ltd., Tempco Electric Heater Corporation, Thermo Heating Elements LLC, Rama Corporation, Heatron Inc., Backer Marathon Inc., Space-Ray Inc., Tutco-Farnam Custom Products, Backer Hotwatt Inc., Delta-Therm Corporation, Thermal Circuits Inc., BriskHeat Corporation, Hotset America Corp., Hi-Heat Industries Inc., Kapton Heaters Inc., Flexelec Ltd., Calorique LLC, Hillesheim GmbH, Elmatic (Cardiff) Ltd., Kuhlmann Electro-Heat A/S, Zhejiang Zhongmin Electrical Appliance Co. Ltd.
The flexible heater market report table of contents includes:
1. Executive Summary
2. Flexible Heater Market Characteristics
3. Flexible Heater Market Trends And Strategies
4. Flexible Heater Market – Macro Economic Scenario
5. Global Flexible Heater Market Size and Growth
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26. South America Flexible Heater Market
27. Brazil Flexible Heater Market
28. Middle East Flexible Heater Market
29. Africa Flexible Heater Market
30. Flexible Heater Market Competitive Landscape And Company Profiles
Top Major Players:
- Honeywell International Inc
- Nibe Industrier AB
- OMEGA Engineering Inc
- Watlow Electric Manufacturing Company
- Smiths Group PLC
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