Global Injection Molding Market size was valued at USD 285.5 Billion in 2024 and is expected to reach USD 431.6 Billion by 2033, at a CAGR of 5.1% during the forecast period 2024 – 2033.
Injection Molding Market: Overview
Injection moulding is a high-volume production method for plastic components and products. It entails injecting molten material, usually thermoplastic polymers, into a mould cavity at high pressure.
Its features include great production efficiency, reproducibility, and the capacity to generate complicated geometries, making it one of the most preferred processes for producing plastic parts.
Several worldwide factors are influencing the injection molding market’s future trajectory. One noticeable trend is the growing need for sustainable and eco-friendly products and procedures, which is being driven by increased environmental awareness and laws.
To lessen the environmental effect of injection molding operations, manufacturers are progressively adding biodegradable and recyclable materials. Another trend is the use of modern technologies like automation, robots, and artificial intelligence to improve efficiency, accuracy, and productivity in industrial operations.
Furthermore, there is an increasing desire for product customization and personalization, which is driving the introduction of technologies such as 3D printing and digitalization in injection molding processes. Furthermore, there is a noticeable move towards durable and lightweight materials in industries including automotive and aircraft to increase fuel economy and performance.
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By material, the plastics segment held the highest market share in 2023 and is expected to keep its dominance during the forecast period 2024-2033. Plastics are the key material driving the injection moulding market because of their versatility, low cost, and wide range of applications in sectors like as automotive, packaging, electronics, and consumer products, resulting in strong demand for injection moulding services.
By application, the packaging segment held the highest market share in 2023 and is expected to keep its dominance during the forecast period 2024-2033. Packaging drives the injection moulding market since it is widely used in a variety of sectors, including food, beverage, healthcare, and consumer products.
Injection moulding provides low-cost, customizable options for creating high-quality packaging components that satisfy varied market demands effectively.
The Asia-Pacific region dominates the injection moulding market because of its strong production sector, cost-effectiveness, skilled labour pool, rising consumer demand, and supporting government policies that foster industry expansion and innovation.
EVCO Plastics, located in De Forest, Wisconsin, is a well-known manufacturer of injection moulded plastics goods and services. Having a strong focus to quality, innovation, and client satisfaction, have proven a dependable partner for organizations looking for plastic options.
CMI has comprehensively analyzed the Global Injection Molding market. The driving forces, restraints, challenges, opportunities, and key trends have been explained in depth to depict an in-depth scenario of the market. Segment wise market size and market share during the forecast period are duly addressed to portray the probable picture of this Global Injection Molding industry.
The competitive landscape includes key innovators, after market service providers, market giants as well as niche players are studied and analyzed extensively concerning their strengths, weaknesses as well as value addition prospects. In addition, this report covers key players profiling, market shares, mergers and acquisitions, consequent market fragmentation, new trends and dynamics in partnerships.
List of the prominent players in the Injection Molding Market:
- Haitian International Holdings Ltd.
- Sumitomo Heavy Industries
- Engel Austria GmbH
- The Japan Steel Works Ltd.
- Arburg GmbH + Co KG
- Husky Injection Molding Systems Ltd.
- Milacron Holdings Corp.
- KraussMaffei Group GmbH
- Nissei Plastic Industrial Co. Ltd.
- Toshiba Machine Co. Ltd.
- Demag Plastics Group
- Chen Hsong Holdings Limited
- Dakumar Machinery Co. Ltd.
- UBE Machinery Inc.
- Wittmann Battenfeld Group
- Mitsubishi Heavy Industries Plastic Technology Co. Ltd.
- Fanuc Corporation
- Negri Bossi Group
- Milacron LLC
- Dongshin Hydraulic Co. Ltd.
- Others
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