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Plastics Injection Molding Market Size (2024 - 2029)

The plastics injection molding market is projected to experience growth over the forecast period, driven by increased demand in automotive and packaging applications, as well as rising consumer goods and electronics needs. Despite challenges such as high initial costs and competition from alternative technologies like 3D printing, opportunities for expansion exist in the production of lightweight vehicles and healthcare applications. The Asia-Pacific region leads in market consumption, with significant contributions from countries like China, India, and Japan.

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Market Size of Plastics Injection Molding Industry

Plastics Injection Molding Market Summary
Study Period 2019 - 2029
Market Volume (2024) 5.90 Million tons
Market Volume (2029) 7.24 Million tons
CAGR (2024 - 2029) 4.18 %
Fastest Growing Market Asia Pacific
Largest Market Asia Pacific
Market Concentration Low

Major Players

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*Disclaimer: Major Players sorted in no particular order

Plastics Injection Molding Market Analysis

The Plastics Injection Molding Market size is estimated at 5.90 Million tons in 2024, and is expected to reach 7.24 Million tons by 2029, growing at a CAGR of 4.18% during the forecast period (2024-2029).

Although there was a dip in demand for injection molding during the COVID-19 pandemic, the studied market steadily recovered and reached pre-pandemic activity levels.

  • The major factors driving the demand for injection molding in the market are the increasing usage in automotive applications and the growing demand from the packaging industry. Additionally, increased consumer goods and electronics demand is anticipated to strengthen this demand further.
  • However, the high initial costs associated with entering the injection molding market and the strong prevalence of alternative and emerging technologies like 3D printing are expected to hinder the market growth.
  • On the flip side, the shift towards manufacturing lightweight and electrified vehicles and the emerging applications in the healthcare sector could open up lucrative opportunities for the growth of the plastics injection molding market.
  • The Asia-Pacific region dominated the plastics injection molding market worldwide, with the largest consumption from countries such as China, India, and Japan.

Plastics Injection Molding Industry Segmentation

Injection molding plastics are produced to obtain molded products by injecting plastic materials molten by heat into a mold and then cooling and solidifying them. The plastics injection molding market is segmented by raw material, application, and geography. By raw material, the market is segmented into polypropylene, acrylonitrile butadiene styrene (ABS), polystyrene, polyethylene, polyvinyl chloride (PVC), polycarbonate, polyamide, and other raw materials. By application, the market is segmented into packaging, building and construction, consumer goods, electronics, automotive and transportation, healthcare, and other applications. The report also covers the market size and forecasts for plastics injection molding in 15 countries across major regions. The market sizing and forecasts are based on volume (kilotons) for each segment.

Raw Material Type
Polypropylene
Acrylonitrile Butadiene Styrene (ABS)
Polystyrene
Polyethylene
Polyvinyl Chloride (PVC)
Polycarbonate
Polyamide
Other Raw Materials
Applications
Packaging
Building and Construction
Consumer Goods
Electronics
Automotive and Transportation
Healthcare
Other Applications
Geography
Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
Italy
France
Rest of Europe
South America
Brazil
Argentina
Rest of South America
Middle East and Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa
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Plastics Injection Molding Market Size Summary

The plastics injection molding market is poised for steady growth, driven by increasing applications in the automotive and packaging industries. The market has shown resilience, recovering to pre-pandemic levels after a temporary decline during the COVID-19 pandemic. The demand is further bolstered by the rising consumption of consumer goods and electronics. However, the market faces challenges such as high initial costs and competition from alternative technologies like 3D printing. Despite these hurdles, opportunities are emerging in the production of lightweight and electrified vehicles, as well as in the healthcare sector, which could significantly enhance market growth. The Asia-Pacific region, particularly countries like China, India, and Japan, leads in market consumption, underscoring its dominance in the global landscape.

The packaging industry is a significant driver of demand for plastics injection molding, with the sector evolving rapidly due to factors like population growth, sustainability concerns, and increasing disposable incomes in developing regions. The United States and Japan are notable markets, with the former's robust retail industry and the latter's expanding e-commerce sector fueling demand for packaging solutions. In Asia-Pacific, the region's economic powerhouses are witnessing strong growth in their packaging and automotive industries, further propelling the demand for injection molding. The market is characterized by fragmentation, with key players like Berry Global Inc, AptarGroup, Inc., and Amcor PLC holding a marginal share. Recent investments in expanding manufacturing capacities and developing local solutions with global technology highlight the ongoing strategic efforts by companies to strengthen their market positions.

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Plastics Injection Molding Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Drivers

      1. 1.1.1 Growing Demand from the Packaging Industry

      2. 1.1.2 Favorable Demand from Consumer Goods and Electronics

      3. 1.1.3 Increasing Usage in Automotive Applications

    2. 1.2 Restraints

      1. 1.2.1 High Entry Cost and Presence of Alternative Technologies

    3. 1.3 Industry Value Chain Analysis

    4. 1.4 Porter's Five Forces Analysis

      1. 1.4.1 Bargaining Power of Suppliers

      2. 1.4.2 Bargaining Power of Consumers

      3. 1.4.3 Threat of New Entrants

      4. 1.4.4 Threat of Substitute Products and Services

      5. 1.4.5 Degree of Competition

  2. 2. MARKET SEGMENTATION (Market Size in Volume)

    1. 2.1 Raw Material Type

      1. 2.1.1 Polypropylene

      2. 2.1.2 Acrylonitrile Butadiene Styrene (ABS)

      3. 2.1.3 Polystyrene

      4. 2.1.4 Polyethylene

      5. 2.1.5 Polyvinyl Chloride (PVC)

      6. 2.1.6 Polycarbonate

      7. 2.1.7 Polyamide

      8. 2.1.8 Other Raw Materials

    2. 2.2 Applications

      1. 2.2.1 Packaging

      2. 2.2.2 Building and Construction

      3. 2.2.3 Consumer Goods

      4. 2.2.4 Electronics

      5. 2.2.5 Automotive and Transportation

      6. 2.2.6 Healthcare

      7. 2.2.7 Other Applications

    3. 2.3 Geography

      1. 2.3.1 Asia-Pacific

        1. 2.3.1.1 China

        2. 2.3.1.2 India

        3. 2.3.1.3 Japan

        4. 2.3.1.4 South Korea

        5. 2.3.1.5 Rest of Asia-Pacific

      2. 2.3.2 North America

        1. 2.3.2.1 United States

        2. 2.3.2.2 Canada

        3. 2.3.2.3 Mexico

      3. 2.3.3 Europe

        1. 2.3.3.1 Germany

        2. 2.3.3.2 United Kingdom

        3. 2.3.3.3 Italy

        4. 2.3.3.4 France

        5. 2.3.3.5 Rest of Europe

      4. 2.3.4 South America

        1. 2.3.4.1 Brazil

        2. 2.3.4.2 Argentina

        3. 2.3.4.3 Rest of South America

      5. 2.3.5 Middle East and Africa

        1. 2.3.5.1 Saudi Arabia

        2. 2.3.5.2 South Africa

        3. 2.3.5.3 Rest of Middle East & Africa

Plastics Injection Molding Market Size FAQs

The Plastics Injection Molding Market size is expected to reach 5.90 million tons in 2024 and grow at a CAGR of 4.18% to reach 7.24 million tons by 2029.

In 2024, the Plastics Injection Molding Market size is expected to reach 5.90 million tons.

Plastics Injection Molding Market Report Snapshots

Plastics Injection Molding Market Size - Industry Report on Share, Growth Trends & Forecasts Analysis (2024 - 2029)