Table of Contents
Historical Data, Premium Insights, Market Dynamic, Analysis and Projection, By Product, Analysis and Projection, By Application, Analysis and Projection, By End-Use, Analysis and Projection, By Regional Analysis, Competitive Landscape, Company Profiles, Market Revenue, Sale & Price Analysis
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According to a research report published by Spherical Insights & Consulting, the Global Injection Molded Plastic Market Size is Expected to Grow from USD 388.09 Billion in 2023 to USD 579.49 Billion by 2033, at a CAGR of 4.09% during the forecast period 2023-2033.
Browse key industry insights spread across 210 pages with 110 Market data tables and figures & charts from the report on the Global Injection Molded Plastic Market Size, Share, and COVID-19 Impact Analysis, By Raw Material (Polypropylene (PP), Polyethylene (PE), High-Density Polyethylene (HDPE), Low-Density Polyethylene (LDPE), Polystyrene (PS), and Acrylonitrile Butadiene Styrene (ABS)), By Application (Packaging, Automotive & Transportation, Building & Construction, Consumables & Electronics, Medical, and Others), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033.
Injection molding is a manufacturing process for fabricating plastics, used in various industries such as automotive, packaging, building, electrical, electronics, and medical. Plastics are used in containers, food packaging, cosmetics, pharmaceuticals, and closures. They are ideal for electronics due to their non-conductive properties, UV resistance, rigidity, and color availability. Plastics are also used in LEDs, inkjet printers, electric tools housing, computer boards, and switches. Automotive plastic injection molding is a crucial production process in the automotive sector, focusing on quality, consistency, and safety. Polypropylene and polystyrene are used for various vehicle parts due to their rigidity, flexibility, corrosion resistance, and weather resistance. These materials are used in car doors, cable insulation, carpet fibers, bumpers, and bodies, while instrument panels are made of polystyrene. The market is shifting towards plastic due to its lightweight and cost-effective nature. Injection-molded plastics are widely used in packaging, particularly in food packaging, due to their safety, reusability, and eco-friendliness. The automotive industry is also expanding, relying on these plastics for lightweight, cost-effective components. As the automotive industry expands, demand for injection-molded plastics is expected to rise. However, blow molding, polymer casting, extrusion, and 3D printing are popular techniques for manufacturing plastic products. Blow molding reduces production costs and is commonly used for hollow products. 3D printing offers minimal tooling and setup time, but its growth is hindered by other technologies.
The polypropylene (PP) segment is predicted to hold the highest market share through the forecast period.
Based on the raw material, the injection molded plastic market is classified into polypropylene (PP), polyethylene (PE), high-density polyethylene (HDPE), low-density polyethylene (LDPE), polystyrene (PS), and acrylonitrile butadiene styrene (ABS). Among these, the polypropylene (PP) segment is predicted to hold the highest market share through the forecast period. This is due to its increasing usage in automotive components, household goods, and packaging applications. The demand for injection-molded plastics, including polypropylene finished products, is expected to continue, particularly in food packaging and electrical contacts due to their corrosion resistance and insulation properties.
The packaging segment is anticipated to hold the greatest market share during the projected timeframe.
Based on the application, the injection molded plastic market is divided into packaging, automotive & transportation, building & construction, consumables & electronics, medical, and others. Among these, the packaging segment is anticipated to hold the greatest market share during the projected timeframe. The final goods used in packaging go through several stages of development to satisfy end-user demands and legal constraints. Among the conditions that plastics must fulfill for use in packaging are longer food product shelf lives, improved resilience to deterioration, and durability.
Asia Pacific is estimated to hold the largest share of the injection molded plastic market over the forecast period.
Asia Pacific is estimated to hold the largest share of the injection molded plastic market over the forecast period. This is due to the rising demand for injection molded plastics in the packaging and automotive industries. China, with its growing population and urbanization, is a major consumer. The region's economic growth and consumer preference for efficient buildings are driving manufacturers to develop high-performance products. China, India, and Japan are key contributors to this growth, driven by the demand for healthy food and proper packaging.
Europe is predicted to have the fastest CAGR growth in the injection molded plastic market over the forecast period. The growing demand for convenient packaging for food and beverages is driving manufacturers like Berry Global and Mondi Group to invest in innovative products like bottles, caps, and containers. These products, primarily made from injection molding plastics, are expected to grow in Europe, alongside the use of molded plastics for electronics goods.
Competitive Analysis
Major key players in the injection molded plastic market include BASF SE, Dow Inc., SABIC, LyondellBasell Industries N.V., INEOS Group, DuPont de Nemours, Inc., Covestro AG, Huntsman Corporation, Westlake Chemical Corporation, Mitsubishi Chemical Corporation, Berry Global, Inc., Plastipak Holdings, Inc., Solvay S.A., Celanese Corporation, and RTP Company, and Others.
Recent Development
Key Target Audience
Market Segment
This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the injection molded plastic market based on the below-mentioned segments:
Global Injection Molded Plastic Market, By Raw Material
Global Injection Molded Plastic Market, By Application
Global Injection Molded Plastic Market, By Regional Analysis
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