Injection Molding Market Size, Share, Growth, Trends, and Industry Analysis: By Material, Metals, Plastics, and Others), By Application, and Region Forecast 2019-2030.
Injection Molding Market size was valued at US$ 19,739.4 million in 2023 and is increasing at a CAGR of 6.3% From 2024-2030. The market is propelled by the increasing need in several sectors, such as automotive, consumer goods, and healthcare, for robust and lightweight plastic components. Growing businesses are focused on recyclable materials and energy-efficient production methods as a result of the change to sustainable practices. Nevertheless, the industry is constrained by factors including high startup costs at first and the intricacy of the injection molding process, which might prevent smaller producers from entering the market. Technological developments provide opportunities, such as the creation of intelligent injection molding machines and automation to boost productivity and cut waste. Rapid prototyping and customization are becoming more popular trends that allow producers to swiftly satisfy individual customer demands. Furthermore, the growing use of electric injection molding equipment is indicative of a move toward energy and sustainability.
The injection molding market size is inclusive of several companies such as C&J Industries, All-Plastics, Biomerics, HTI Plastics, The Rodon Group, EVCO Plastics, Majors Plastics, INC, Proto Labs, Tessy Plastics, Currier Plastics, Inc., Formplast GmbH, H&K Müller GmbH & Co. KG, Hehnke GmbH & Co KG, TR PLAST GROUP, and D&M Plastics LLC.
• In May 2024, YIZUMI unveiled its most recent rubber injection molding equipment. With this launch, the business hopes to become a leading global supplier of solutions for molding equipment.
• In April 2024, RDAbbott declared that it would provide Dow liquid silicon rubber to four liquid injection molding cells during NPE 2024, the biggest event for the plastics industry.
• In April 2024, Milacron introduced a new global injection molding platform with progressive co-injection technology.
By Material: Plastics, including Acrylonitrile Butadiene Styrene (ABS) and Polypropylene (PP), are the most widely used materials in the injection molding industry because of their adaptability, affordability, and variety of uses. ABS is preferred for consumer products and automotive components due to its strength, resistance to impact, and simplicity of production. Because of its low weight and resilience to chemicals, polypropylene is widely used in textiles, automotive components, and packaging. Metals and elastomers are equally important, although they are used in more specialized applications. Aluminum and stainless steel are selected for their strength in harsh settings, while thermoplastic elastomers provide flexibility and durability. However, many manufacturers choose plastics due to their wide range of applications and advantageous qualities, which has cemented their dominance in the injection molding business.
By Applications: The packaging industry dominates the market because of its high demand and adaptability. Injection-molded plastics are perfect for packaging solutions that need materials that are strong, lightweight, and reasonably priced for items like bottles, closures, and containers. E-commerce and consumer products are growing at a rapid rate, which creates a constant need for creative package solutions that improve use and product exposure. Furthermore, producers are being compelled by the necessity for sustainable packaging to investigate environmentally friendly materials, which is growing the market. Applications in the automotive and medical fields are also important, although they are often more specialized and shaped by regulatory restrictions. As a whole, the market is led by the packaging sector, which is consistent with consumer trends and the need for effective, premium packaging solutions.
Study Period
2024 - 2030Base Year
2023CAGR
6.3%Largest Market
North AmericaFastest Growing Market
Asia pacific
The market for injection molding is mostly propelled by the increasing need for robust, lightweight plastic components in a variety of industries, including consumer goods, automotive, electronics, and healthcare. To increase fuel efficiency and lower emissions, the automobile sector in particular is moving toward lighter, more efficient materials, which is driving up demand for injection-molded parts. Furthermore, the demand for premium plastic components has increased due to the growth of consumer electronics and household appliances. Further driving market expansion are technological developments in injection molding procedures, such as the use of sophisticated materials and quicker manufacturing cycles. Manufacturers are using injection molding processes as a result of the change toward sustainable practices, which emphasize recyclable materials and increase the attraction of this production method.
The injection molding market is expected to increase, but there are several obstacles in its way. One of the main obstacles is the expensive initial setup that comes with injection molding equipment and tools, which might be out of reach for small and medium-sized businesses (SMEs). Furthermore, not all areas may have easy access to qualified personnel and technical experience due to the intricacy of the injection molding process. The kinds of materials that may be properly formed are likewise limited since certain sophisticated materials might not be appropriate for injection molding. Another problem for businesses in this sector is the volatility of raw material prices, especially those of plastics, which can affect manufacturing costs and profit margins.
The market for injection molding offers several chances for expansion and creativity. Automation and smart manufacturing technologies are opening doors for improved productivity and decreased waste in industrial operations. By using Industry 4.0 technologies like IoT and data analytics, firms may improve the quality of their products and streamline their processes. Rapid prototyping and customization are also becoming more popular, allowing producers to swiftly adapt their goods to the individual needs of customers and meet their requests. In addition, the growing emphasis on sustainability is driving the creation of recyclable and biodegradable injection molding materials, which supports environmental objectives. This change gives the market more appeal and gives producers more business opportunities.
The market is being shaped by many major developments. One noticeable development is the growing use of electric injection molding machines, which are more precise and energy-efficient than hydraulic machines. This change is a reflection of the increased focus on cost-effectiveness and sustainability in industrial processes. Furthermore, there is a noticeable trend in many industries especially the automotive and aerospace industries to become lighter, which is increasing the need for sophisticated injection-molded parts. Customization is becoming more and more popular, as producers use adaptable production methods to satisfy particular client demands. Moreover, real-time monitoring, increased operational efficiency, and increased factory output are all being facilitated by the injection molding processes' integration of automation and smart technology.
The demand from important sectors including the automotive, consumer goods, and healthcare industries is fueling the growth of the injection molding market in the United States. Particularly in the automobile industry, the need for robust and lightweight components is driving advances in injection molding technology. Furthermore, manufacturers are being encouraged to use eco-friendly products and methods by the push for sustainability. Automation and cutting-edge materials are two examples of technological innovations that improve product quality and manufacturing efficiency. Market expansion is also supported by the existence of well-established industrial centers, especially in the Midwest. The injection molding industry is anticipated to grow as infrastructural and manufacturing expenditures are made when the US economy recovers. All things considered, the United States continues to dominate the world in injection molding manufacturing and innovation.
The market for injection molding is expanding in different ways in different places.
North America continues to be a major participant due to its strong demand in the consumer goods and automotive industries and its modern production technology. Growing industrialization, increased plastic use, and expanding manufacturing bases are all contributing to the Asia-Pacific region's rapid development, especially in China and India. Europe is next, with a focus on innovation and sustainability, and a large number of businesses investing in environmentally friendly products and procedures. Latin America is gradually becoming more developed, driven by bettering economic circumstances and more manufacturing capacity. As local manufacturing efforts and infrastructural projects gain traction, the Middle East and Africa are progressively expanding their market share. In general, geographical trends in industrial expansion, advances in technology, and changing customer preferences are reflected in the injection molding industry.
Strong demand from a variety of industries, including the automotive, consumer goods, and healthcare sectors, is fueling the market's robust rise in North America. The automobile sector is driving advances in molding technology with its emphasis on lightweight and efficient components. Additionally, manufacturers are adopting eco-friendly materials and methods as a result of the growing emphasis on sustainability. The area enjoys the advantages of a firmly established manufacturing base, with a concentration of establishments in states like Ohio and Michigan. Technological advancements also improve product quality and production efficiency. Examples of this include automation and smart manufacturing techniques. The North American market is poised for sustained expansion and innovation in the upcoming years as businesses make investments in modernization and adapt to changing customer demands.
Latin America
Europe
Asia Pacific
Middle East
North America
|
Report Benchmarks |
Details |
|
Report Study Period |
2024 - 2030 |
|
Market Size in 2023 |
US$ 19,739.4 million |
|
Market CAGR |
6.3% |
|
By Material |
|
|
By Application |
|
The market for injection molding is expanding rapidly because of the growing need for strong and lightweight plastic parts in a variety of sectors, including consumer electronics and the automobile industry. Further supporting market expansion are technological developments in injection molding procedures and the move toward sustainable practices, such as the use of recyclable materials. However, difficulties like the molding process' intricacy and costly initial setup costs might prevent smaller producers. Automation and smart manufacturing provide several opportunities to improve productivity and personalization. Future advances in this market are anticipated to be shaped by the industry's deployment of electric injection molding machines and biodegradable materials.
Download Free Sample Report
The injection molding market was valued at US$ 19,739.4 million in 2023 and is increasing at a CAGR of 6.3% during the forecast period (2024-2030).
• Increasing the need for strong, lightweight plastic components
• Increased use of fuel economy in the vehicle sector
• The growing market for household appliances and consumer gadgets
• Technological developments in the procedures of injection molding.
• Adoption of energy-efficient electric injection molding equipment
• Shift in the aerospace and automobile industries toward lightweight
• Increasing capacity for quick prototyping and personalization
• Smart technology and automation integration in production.
C&J Industries, All-Plastics, Biomerics, HTI Plastics, The Rodon Group, EVCO Plastics, Majors Plastics, INC, Proto Labs, Tessy Plastics, Currier Plastics, Inc., Formplast GmbH, H&K Müller GmbH & Co. KG, Hehnke GmbH & Co KG, TR PLAST GROUP, D&M Plastics, and LLC are the key companies in the injection molding market.
| 1. Executive Summary |
| 2. Global Injection Molding Market Introduction |
| 2.1.Global Injection Molding Market - Taxonomy |
| 2.2.Global Injection Molding Market - Definitions |
| 2.2.1.Material |
| 2.2.2.Application |
| 2.2.3.Region |
| 3. Global Injection Molding 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 Molding 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 Molding Market By Material, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 5.1. Elastomers |
| 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. Metals |
| 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. Plastics |
| 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. Others |
| 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 |
| 6. Global Injection Molding Market By Application, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 6.1. Packaging |
| 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. Consumables & Electronics |
| 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. Automotive & Transportation |
| 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. Building & Construction |
| 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. Medical |
| 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 |
| 6.6. Others |
| 6.6.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.6.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.6.3. Market Opportunity Analysis |
| 7. Global Injection Molding 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 Molding Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 8.1. Material Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 8.1.1.Elastomers |
| 8.1.2.Metals |
| 8.1.3.Plastics |
| 8.1.4.Others |
| 8.2. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 8.2.1.Packaging |
| 8.2.2.Consumables & Electronics |
| 8.2.3.Automotive & Transportation |
| 8.2.4.Building & Construction |
| 8.2.5.Medical |
| 8.2.6.Others |
| 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 Molding Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 9.1. Material Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.1.1.Elastomers |
| 9.1.2.Metals |
| 9.1.3.Plastics |
| 9.1.4.Others |
| 9.2. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.2.1.Packaging |
| 9.2.2.Consumables & Electronics |
| 9.2.3.Automotive & Transportation |
| 9.2.4.Building & Construction |
| 9.2.5.Medical |
| 9.2.6.Others |
| 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 Molding Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 10.1. Material Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.1.1.Elastomers |
| 10.1.2.Metals |
| 10.1.3.Plastics |
| 10.1.4.Others |
| 10.2. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.2.1.Packaging |
| 10.2.2.Consumables & Electronics |
| 10.2.3.Automotive & Transportation |
| 10.2.4.Building & Construction |
| 10.2.5.Medical |
| 10.2.6.Others |
| 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 Molding Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 11.1. Material Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.1.1.Elastomers |
| 11.1.2.Metals |
| 11.1.3.Plastics |
| 11.1.4.Others |
| 11.2. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.2.1.Packaging |
| 11.2.2.Consumables & Electronics |
| 11.2.3.Automotive & Transportation |
| 11.2.4.Building & Construction |
| 11.2.5.Medical |
| 11.2.6.Others |
| 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 Molding Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 12.1. Material Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.1.1.Elastomers |
| 12.1.2.Metals |
| 12.1.3.Plastics |
| 12.1.4.Others |
| 12.2. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.2.1.Packaging |
| 12.2.2.Consumables & Electronics |
| 12.2.3.Automotive & Transportation |
| 12.2.4.Building & Construction |
| 12.2.5.Medical |
| 12.2.6.Others |
| 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.C&J Industries |
| 13.2.2.All-Plastics |
| 13.2.3.Biomerics |
| 13.2.4.HTI Plastics |
| 13.2.5.The Rodon Group |
| 13.2.6.EVCO Plastics |
| 13.2.7.Majors Plastics, INC |
| 13.2.8.Proto Labs |
| 13.2.9.Tessy Plastics |
| 13.2.10.Currier Plastics, Inc. |
| 13.2.11.Formplast GmbH |
| 13.2.12.H&K Müller GmbH & Co. KG |
| 13.2.13.Hehnke GmbH & Co KG |
| 13.2.14.TR PLAST GROUP |
| 13.2.15.D&M Plastics LLC. |
| 14. Research Methodology |
| 15. Appendix and Abbreviations |
Author
Muni Kumar Meravath is a seasoned Healthcare Market Research Analyst with over 6 years of experience in the healthcare domain, encompassing pharmaceuticals, medical devices, and diagnostics. A graduate in Pharmacy, he possesses a strong foundation in the intricacies of the healthcare sector. He further enhanced his expertise by pursuing an MBA in Pharmaceuticals, equipping him with valuable business acumen. His analytical skills and market insights have contributed to strategic decision-making and enhanced market positioning for various healthcare organizations. Committed to driving innovation and excellence, Muni continues to seek opportunities to improve healthcare delivery through data-driven insights.
Download Free Sample
