Injection molding market size to grow by USD 30.65 billion from 2022 to 2027: Rising adoption of high

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17 May, 2023, 02:15 ET

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NEW YORK, May 17, 2023 /PRNewswire/ -- The global injection molding market size is estimated to increase by USD 30.65 billion from 2022 to 2027. The market's growth momentum will progress at a CAGR of 4.14%. The rising adoption of high-efficient injection molding machines in the packaging industry is driving market growth. The rising demand for sustainable solutions has increased the adoption of highly efficient injection molding machines in the packaging industry. Plastic injection molding machines consume a significant amount of energy. However, operators are focusing on reducing costs and enhancing sustainability. Electric machines can save energy by up to 20%-25%. Therefore, the adoption of efficient injection molding machines in the packaging industry will fuel the growth of the market during the forecast period. Discover some insights on market size, historic period (2017-2021), and forecast period (2023-2027) before buying the full report - Request a sample report

Global Injection molding market – Customer landscape

Our report analyzes the life cycle of the global injection molding market from the innovator's stage to the laggard's stage. The report illustrates the lifecycle of the global injection molding market, focusing on the adoption rates of the major countries such as the US, Canada, China, India, Japan, and Germany. To help companies evaluate and develop growth strategies, the report outlines –

Injection molding market – Vendor analysisVendor landscape –

The global injection molding market is fragmented, with the presence of large- and small-scale vendors that offer similar products to end-user industries such as packaging, electronics, and automotive. A few prominent vendors that offer injection molding in the market are All Plastics LLC, Biomerics LLC, BORCHE NORTH AMERICA INC., C and J Industries Inc., Currier Plastics Inc., D and M Plastics LLC, ENGEL AUSTRIA GmbH, EVCO Plastics, Formplast GmbH, Hehnke GmbH and Co KG, H and K Muller GmbH and Co. KG, HTI Plastics, Husky Technologies, Majors Plastics Inc., Mold Hotrunner Solutions Inc., Proto Labs Inc., The Rodon Group, Tessy Plastics Corp., TR Electronic, and Woojin Plaimm Co. Ltd. and others.

Established vendors have strong customer support capabilities, financial abilities, and technical expertise for product development. Vendors compete on the basis of factors such as innovation, price, operational costs, and product quality. Some players can reduce market prices through competitive pricing.

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Vendor offerings -

Injection molding market - Segmentation assessment

Segment overviewTechnavio has segmented the market based on type (plastics, rubber, and others), application (packaging, automotive and transportation, electronics, consumer goods, and others), and geography (APAC, North America, Europe, South America, and Middle East and Africa).

Geography overviewThe report provides actionable insights and estimates the contribution of all regions to the growth of the global injection molding market.

For more insights on global, regional, and country-level parameters with growth opportunities from 2017 to 2027 - Download a sample report

Injection molding market – Market dynamics

Key trends

The introduction of new technologies is expected to gain traction in the next few years. Technologies such as methanol-to-olefins (MTO) and coal-to-olefins (CTO) will positively impact market growth during the forecast period. These technologies are more cost-effective than the production of polyethylene from naphtha. The development of polyethylene capacities with the help of CTO is expected to increase in China during the forecast period. Such developments will create new growth opportunities for vendors in the market during the projected timeframe.

Major challenges

Ethylene, propylene, benzene, and styrene are a few of the major raw materials used to produce injection molding. The prices of raw materials, such as polymers and resins, have been volatile since 2015. Propylene, benzene, and styrene polymers are some of the derivatives of petroleum and natural gas. The prices of these products vary with the prices of natural gas and crude oil. Therefore, frequent variations in crude oil prices have a significant impact on the price of raw materials. Such fluctuations will negatively impact the global injection molding market growth during the forecast period.

Drivers, trends, and challenges have an impact on market dynamics, which can impact businesses. Find more insights in a sample report!

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Injection Molding Market Scope

Report Coverage

Details

Base year

2022

Historic period

2017-2021

Forecast period

2023-2027

Growth momentum & CAGR

Accelerate at a CAGR of 4.14%

Market growth 2023-2027

USD 30.65 billion

Market structure

Fragmented

YoY growth 2022-2023 (%)

3.8

Regional analysis

APAC, North America, Europe, South America, and Middle East and Africa

Performing market contribution

APAC at 45%

Key countries

US, China, Japan, India, and Germany

Competitive landscape

Leading vendors, market positioning of vendors, competitive strategies, and industry risks

Key companies profiled

All Plastics LLC, Biomerics LLC, BORCHE NORTH AMERICA INC., C and J Industries Inc., Currier Plastics Inc., D and M Plastics LLC, ENGEL AUSTRIA GmbH, EVCO Plastics, Formplast GmbH, Hehnke GmbH and Co KG, H and K Muller GmbH and Co. KG, HTI Plastics, Husky Technologies, Majors Plastics Inc., Mold Hotrunner Solutions Inc., Proto Labs Inc., The Rodon Group, Tessy Plastics Corp., TR Electronic, and Woojin Plaimm Co. Ltd.

Market dynamics

Parent market analysis, market growth inducers and obstacles, fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and market condition analysis for forecast period.

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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Table of contents

1 Executive Summary

2 Market Landscape

3 Market Sizing

4 Historic Market Size

5 Five Forces Analysis

6 Market Segmentation by Type

7 Market Segmentation by Application

8 Customer Landscape

9 Geographic Landscape

10 Drivers, Challenges, and Trends

11 Vendor Landscape

12 Vendor Analysis

13 Appendix

About UsTechnavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

ContactTechnavio ResearchJesse MaidaMedia & Marketing ExecutiveUS: +1 844 364 1100UK: +44 203 893 3200Email: [email protected]Website: www.technavio.com/

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