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Injection Molded Plastics Market: By Application, By Raw Material and Region Forecast 2019-2030
Injection Molded Plastics Market: By Application, By Raw Material and Region Forecast 2019-2030
Injection Molded Plastics Market size was valued at US$ 423.30 billion in 2023 and expected to reach US$ 576.89 billion by 2030, at a CAGR of 4.5% from 2024-2030. Injection molded plastics are hugely used in the development process of interior wrapping, miscellaneous assembly parts and automotive components. Intricate and compound shaped parts are products for precision using injection molded plastics. It is also utilized in packaging purposes for the production of packaging parts and increasing the aesthetics of the packaging products.
Injection molded plastics are hugely used in construction and building purposes because of the efficient features of injection molded plastics such as appearance, strength and durability. There is growing demand for plastic parts in construction and building sectors as these plastic parts are hugely used for roofing purposes, piping systems and insulation wall board. Among all the sectors, healthcare industry is the fastest growing sector during forecast period for injection molded plastic industry. Injection molded plastics become more popular due to their exciting characteristics such as cost effectiveness and lightweight. The injection molded plastics market allows for the simultaneous use of several polymers and the manufacture of elaborate and sophisticated high-strength products. Injection moulded plastic items require less finishing, resulting in lower costs. Aside from that, the procedure is rapid and produces a high volume of product, and it may be automated, lowering the overall cost of the finished goods.
Study Period
2024-2030Base Year
2023CAGR
4.5%Largest Market
North-AmericaFastest Growing Market
Asia-Pacific
There is increasing demand from various end-use industries for plastic components such as electronics, automotive, packaging, home appliances and electrical. Medical devices are projected to impel the market. Automated process makes use of injection molded plastics, which results into lessening the manufacturing cost. It also lessens the waste production of manufacturing process. The combination of faster production process and low production waste would enhance the injection molded plastics market growth. This process also makes use of various kinds of plastics at the same time to manufacture plastic parts. Moreover, another booming factor for the market growth is robots are used in injection molding process for performing various operations like loading components and finishing, assembling injection molded parts into the injection molding. On the other hand, high initial tooling price and unstable petroleum costs can restrict the market growth.
Geographically, this plastics market is categorized into many crucial regions but North America is among the leading market regions for injection molded plastics which obtained the huge market share in the year 2014. LAMEA and Asia Pacific also shared huge market growth for injection molded plastics because of the increasing application in automotive industries, building, and consumer appliance and construction sectors. Asia Pacific is anticipated to witness a CAGR of 5.7% in upcoming years.
Latin America
Europe
Asia Pacific
Middle East
North America
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Report Benchmarks |
Details |
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Report Study Period |
2024-2030 |
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Market Size in 2023 |
US$ 423.30 billion |
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Market Size in 2030 |
US$ 576.89 billion |
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Market CAGR |
4.5% |
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By Application |
|
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By Raw Material Type |
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By Region |
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The global injection molded plastics market set to rise from US$ 423.30 billion in 2023 to US$ 576.89 billion by 2030, with a CAGR of 4.5%
The report covers the five regions and 15+ countries market data: North America (United States, Canada), Europe (Germany, France, Italy, Spain, and United Kingdom (UK), Asia Pacific (China, India, Japan, Australia & New Zealand), Latin America (Brazil, Mexico, Argentina) and Middle East and Africa (Saudi Arabia, United Arab Emirates, South Africa).
The injection molded plastics market key players are AptarGroup Inc., BASF SE, Berry Global Inc., DuPont, Eastman Chemical Company, Exxon Mobil Corp.
| 1.Executive Summary |
| 2.Global Injection Molded Plastics Market Introduction |
| 2.1.Global Injection Molded Plastics Market - Taxonomy |
| 2.2.Global Injection Molded Plastics Market - Definitions |
| 2.2.1.Application |
| 2.2.2.Raw Material Type |
| 2.2.3.Region |
| 3.Global Injection Molded Plastics Market Dynamics |
| 3.1. Drivers |
| 3.2. Restraints |
| 3.3. Opportunities/Unmet Needs of the Market |
| 3.4. Trends |
| 3.5. Product Landscape |
| 3.6. New Product Launches |
| 3.7. Impact of COVID 19 on Market |
| 4.Global Injection Molded Plastics Market Analysis, 2019 - 2023 and Forecast 2024 - 2030 |
| 4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) |
| 4.3. Market Opportunity Analysis |
| 5.Global Injection Molded Plastics Market By Application, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 5.1. Consumer Goods & Electronics |
| 5.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.1.3. Market Opportunity Analysis |
| 5.2. Automobile |
| 5.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.2.3. Market Opportunity Analysis |
| 5.3. Building & Construction |
| 5.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.3.3. Market Opportunity Analysis |
| 5.4. Packaging |
| 5.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.4.3. Market Opportunity Analysis |
| 5.5. Healthcare |
| 5.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.5.3. Market Opportunity Analysis |
| 6.Global Injection Molded Plastics Market By Raw Material Type, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 6.1. Polystyrene |
| 6.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.1.3. Market Opportunity Analysis |
| 6.2. Acrylonitrile Butadiene Styrene (ABS) |
| 6.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.2.3. Market Opportunity Analysis |
| 6.3. Polypropylene |
| 6.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.3.3. Market Opportunity Analysis |
| 6.4. High Density Polyethylene (HDPE) |
| 6.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.4.3. Market Opportunity Analysis |
| 6.5. Others (Polyamide and Polyvinyl Chloride) |
| 6.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.5.3. Market Opportunity Analysis |
| 7.Global Injection Molded Plastics Market By Region, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 7.1. North America |
| 7.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.1.3. Market Opportunity Analysis |
| 7.2. Europe |
| 7.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.2.3. Market Opportunity Analysis |
| 7.3. Asia Pacific (APAC) |
| 7.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.3.3. Market Opportunity Analysis |
| 7.4. Middle East and Africa (MEA) |
| 7.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.4.3. Market Opportunity Analysis |
| 7.5. Latin America |
| 7.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.5.3. Market Opportunity Analysis |
| 8.North America Injection Molded Plastics Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 8.1. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 8.1.1.Consumer Goods & Electronics |
| 8.1.2.Automobile |
| 8.1.3.Building & Construction |
| 8.1.4.Packaging |
| 8.1.5.Healthcare |
| 8.2. Raw Material Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 8.2.1.Polystyrene |
| 8.2.2.Acrylonitrile Butadiene Styrene (ABS) |
| 8.2.3.Polypropylene |
| 8.2.4.High Density Polyethylene (HDPE) |
| 8.2.5.Others (Polyamide and Polyvinyl Chloride) |
| 8.3. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 8.3.1.United States of America (USA) |
| 8.3.2.Canada |
| 9.Europe Injection Molded Plastics Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 9.1. Application Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.1.1.Consumer Goods & Electronics |
| 9.1.2.Automobile |
| 9.1.3.Building & Construction |
| 9.1.4.Packaging |
| 9.1.5.Healthcare |
| 9.2. Raw Material Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.2.1.Polystyrene |
| 9.2.2.Acrylonitrile Butadiene Styrene (ABS) |
| 9.2.3.Polypropylene |
| 9.2.4.High Density Polyethylene (HDPE) |
| 9.2.5.Others (Polyamide and Polyvinyl Chloride) |
| 9.3. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.3.1.Germany |
| 9.3.2.France |
| 9.3.3.Italy |
| 9.3.4.United Kingdom (UK) |
| 9.3.5.Spain |
| 9.3.6.Rest of EU |
| 10.Asia Pacific (APAC) Injection Molded Plastics Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 10.1. Application Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.1.1.Consumer Goods & Electronics |
| 10.1.2.Automobile |
| 10.1.3.Building & Construction |
| 10.1.4.Packaging |
| 10.1.5.Healthcare |
| 10.2. Raw Material Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.2.1.Polystyrene |
| 10.2.2.Acrylonitrile Butadiene Styrene (ABS) |
| 10.2.3.Polypropylene |
| 10.2.4.High Density Polyethylene (HDPE) |
| 10.2.5.Others (Polyamide and Polyvinyl Chloride) |
| 10.3. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.3.1.China |
| 10.3.2.India |
| 10.3.3.Australia and New Zealand (ANZ) |
| 10.3.4.Japan |
| 10.3.5.Rest of APAC |
| 11.Middle East and Africa (MEA) Injection Molded Plastics Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 11.1. Application Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.1.1.Consumer Goods & Electronics |
| 11.1.2.Automobile |
| 11.1.3.Building & Construction |
| 11.1.4.Packaging |
| 11.1.5.Healthcare |
| 11.2. Raw Material Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.2.1.Polystyrene |
| 11.2.2.Acrylonitrile Butadiene Styrene (ABS) |
| 11.2.3.Polypropylene |
| 11.2.4.High Density Polyethylene (HDPE) |
| 11.2.5.Others (Polyamide and Polyvinyl Chloride) |
| 11.3. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.3.1.GCC Countries |
| 11.3.2.South Africa |
| 11.3.3.Rest of MEA |
| 12.Latin America Injection Molded Plastics Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 12.1. Application Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.1.1.Consumer Goods & Electronics |
| 12.1.2.Automobile |
| 12.1.3.Building & Construction |
| 12.1.4.Packaging |
| 12.1.5.Healthcare |
| 12.2. Raw Material Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.2.1.Polystyrene |
| 12.2.2.Acrylonitrile Butadiene Styrene (ABS) |
| 12.2.3.Polypropylene |
| 12.2.4.High Density Polyethylene (HDPE) |
| 12.2.5.Others (Polyamide and Polyvinyl Chloride) |
| 12.3. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.3.1.Brazil |
| 12.3.2.Mexico |
| 12.3.3.Rest of LA |
| 13. Competition Landscape |
| 13.1. Market Player Profiles (Introduction, Brand/Product Sales, Financial Analysis, Product Offerings, Key Developments, Collaborations, M & A, Strategies, and SWOT Analysis) |
| 13.2.1.AptarGroup, Inc. |
| 13.2.2.BASF SE |
| 13.2.3.Berry Global, Inc. |
| 13.2.4.Dow Inc. |
| 13.2.5.DuPont |
| 13.2.6.Eastman Chemical Company |
| 13.2.7.Exxon Mobil Corp. |
| 13.2.8.Heppner Molds |
| 13.2.9.HTI Plastics Inc. |
| 13.2.10.Huntsman Corporation |
| 13.2.11.INEOS Group |
| 13.2.12.International Automotive Components (IAC) Group |
| 13.2.13.Lacks Enterprises, Inc. |
| 13.2.14.LyondellBasell Industries N.V. |
| 13.2.15.Magna International, Inc. |
| 13.2.16.Master Molded Products Corporation |
| 13.2.17.Rutland Plastics |
| 13.2.18.SABIC |
| 13.2.19.The Rodon Group |
| 14. Research Methodology |
| 15. Appendix and Abbreviations |
Key Market Players
Author
Prem Kumar with profound experience and sound knowledge across a wide range of market forecasting methods, demand forecasting, and pricing analysis, I am able to make precise projections. I have extensive practical knowledge in Time Series Analysis (TSA), Simple Linear Regression (SLR), Multiple Linear Regression (MLR), Seasonality & Trend Forecasting, and Forecasting Models for New Products, among others. Additionally, I have hands-on experience with tools such as Power BI and SQL. I am highly committed, self-motivated, and possess a strong entrepreneurial spirit. Over the past 8 years, my team and I have built a robust clientele in various sectors, including Packaging, Pharma, Medical Devices, Oil & Gas, and Chemicals & Materials. We have provided a wide range of services, from management consulting to market forecasting and survey-related projects. I am particularly proud to have provided consulting services to one of the industry’s leading COVID-19 vaccine manufacturers for a packaging-related project. In the packaging space, I have served clients across a range of segments, including packaging printing, consumer packaging, flexible packaging, rigid packaging, and pharmaceutical packaging, to name a few. I deeply appreciate the efforts of my team and am grateful to our clients for their continued trust.