Injection Molding Market

Global Injection Molding Market Size (2024 to 2029)

The size of the global injection molding market was worth USD 21.34 Billion in 2023. The global market is anticipated to grow at a CAGR of 5.94% from 2024 to 2029 and be worth USD 30.17 billion by 2029 from USD 22.61 billion in 2024.

MARKET SCENARIO

Injection molding equipment includes mechanical machines that utilize injection molding procedures to obtain injection-molded plastic goods. Injection molding equipment of various clamping force proportions that have less than 200 tons force, 200 tons force to 500 tons force, and more than 500 tons force are present in the industry. Injection molding machines are used to manufacture goods such as plastics, rubber, metal, and ceramic. It is made of two major parts: an injection unit that is similar in purpose to an extruder and a clamping unit that is related to the working of the mold. The injection molding machine provides improved accuracy in making goods, enhanced flexibility, and a high level of energy efficiency in the procedure that assists in making a wide variety of goods.

The escalation in the call for injection-molded plastic goods worldwide is predicted to drive the market for injection molding. In addition to that, an escalated focus on the employment of energy-efficient machines is predicted to boost the expansion of the global injection molding market. Also, advancements in the hybrid machine and the rise in employment of all-electric injection molding machines are predicted to boost the expansion of the worldwide injection molding machines industry in the future years. In addition to that, an increase in awareness about energy saving boosts the expansion of the industry. Besides, higher production rates and fast manufacturing through injection molding are predicted to fuel the expansion of the worldwide industry. The escalating urban population escalated customer spending on packaged products, and the increase in e-commerce and well-established retail are contributing to the development of the packaging industry. The increasing competition among packaging makers has resulted in the adoption of various kinds of packaging. This is driving the industry for hard plastic packaging and, in return, the call for injection molding machines from the packaging industry.

Injection molding is highly employed in the packaging of plastic products like cups and containers. The major driver for the expansion of the market is the increasing call for injection molded plastics in the automotive industry. This is credited to the latest implementations of these plastics to produce automobile components in an offer to decrease overall vehicle weight. There is an escalating fashion toward the decrease of automobile weight to enhance fuel efficiency. Plastics are a major part of the latest trend as they can offer high-weight deductions. Increasing preference for biodegradable polymers in medical device makers results in high expansion opportunities in the injection molded plastics market. Strict regulatory scenes relating to the employment of medical-grade polymers in the healthcare segment are predicted to positively affect the expansion of the industry throughout the foreseen period.

REPORT COVERAGE:

SEGMENTAL ANALYSIS

This research report on the global injection molding market has been segmented and sub-segmented based on type, machine, clamping force and region.

Global Injection Molding Market Analysis By Type:

• Plastics
• Rubber
• Metal
• Ceramic
• Others

Plastics like ABS and HDPE are broadly accepted for employment in different end-use businesses like packaging, building, and automotive due to their high flexibility and features. Nevertheless, these goods are formed utilizing different petrochemical compounds that are non-biodegradable and toxic to the environment, which is probably hindering the expansion of the industry.

Global Injection Molding Market Analysis By Machine:

• Hydraulic
• All-electric
• Hybrid

Global Injection Molding Market Analysis By Clamping Force:

• 0-200 Ton Force
• 201-500 Ton Force
• Above 500 Ton Force

In these sectors, the more than 500 tons force sector holds a leadership position and is predicted to rise at a high expansion rate throughout the foreseen period, due to the rise in implementation of more than 500 tons force proposition to produce large injection molded plastic components.

REGIONAL ANALYSIS

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa 

Asia-Pacific holds a major share in the global injection molding market and is predicted to rise at a high CAGR due to several small and mid-level players working in nations like China, Hong Kong, and India. The North America Injection Molded Plastics industry’s worth should excel to USD 85.2 billion by 2025, relating to the high expansion opportunities in the electrical & electronics segment. The rise of different developed technologies in customer electronics has fueled the adoption of smart devices which is probable to have an effect on industry expansion.

Europe may record profits of more than 4% in the predicted forecast period due to the availability of large automotive-making hubs in the region. Escalating customer preference for lightweight auto parts to improve complete vehicle efficiency has fueled the call for polymer & plastic composites, which is the major driving factor of the industry. The Asia Pacific will experience profits at over 6% throughout the predicted period. Escalating urbanization, along with customer spending on quality infrastructure, has fuelled the call for sustainable solutions in the buildings & construction industry. Expansion of green buildings in the construction segment and escalating government disbursement on residential and non-residential projects shall furthermore boost the industry expansion in the area.

KEY PLAYERS IN THE GLOBAL INJECTION MOLDING MARKET

Companies playing a significant role in the global injection molding market include Sumitomo Heavy Industries (Japan), Arburg (Germany), Nessei Plastic (Japan), Chen Hsong (China), Milacron (United States of America), The Japan Steel Works (Japan), Husky (Canada), Engel (Austria) and Haitian International (China).

RECENT HAPPENINGS IN THE GLOBAL INJECTION MOLDING MARKET

• The more constant and efficient sequences of machines set the latest standard as they are known to be quicker than hydraulic machines, which employ accumulators for injection gestures to manufacture caps.
• Yizumi-HPM Corp., a part of the Yizumi Group and a dominating maker of high-quality injection molding machinery from 65 to 4400 tons, declares the launch of three (3) latest sequences of injection molding machines and the premiere of Yizumi-HPM full line of linear robots.