USD 274.37 Billion
Injection Molding Market Size, Share, Growth Analysis, By Material (Plastics, Metal), By Application (Packaging, Medical) By Region -Industry Forecast 2025-2032
Report ID:
SQMIG15A2448 |
Region:
Global |
Published Date: December, 2024
Pages:
172
|Tables:
0
|Figures:
0
Injection Molding Market Insights
Injection Molding Market size was valued at USD 287.54 Billion in 2023 and is poised to grow from USD 301.34 Billion in 2024 to USD 438.47 Billion by 2032, growing at a CAGR of 4.8% during the forecast period (2025-2032).
The injection molding industry is observing the increasing demand for injection-molded parts during the forecast period. Many external automotive parts such as mudguards, door panels, wheel arches, grilles, trunk trims, front and rear covers, and outside car door trims can be manufactured using injection molding. Since the automobile business is focused on safety, reliability, and quality, injection molding should be a backbone manufacture for producing different parts of cars. There is a huge demand for lighter plastic body parts in electric vehicles in the United States due to the rising trend of electric cars usage. Other factors that will contribute to the growth of electric car production are: Some favorable policies and programs on the part of the government in relation to production, infrastructure available, huge investments in R&D, etc. For instance, Hyundai Motor Group announced its plan to set up a new electric car manufacturing facility in Georgia, USA, in February 2024. This plant has a designing capacity of 300,000 electric vehicles per year and will begin operations in 2025. Tax breaks and subsidies provided by the federal government also have helped increase demand for electric cars. The more concerning requirement for injection-molded components to expand the exterior and interior of both traditional and electric cars within the coming years will help the injection molding market growth.
Market snapshot - 2025-2032
Global Market Size
Largest Segment
fabric care
Fastest Growth
fabric softeners
Growth Rate
4.8%
Global Injection Molding Market ($ Bn)
Country Share for North America (%)
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Injection Molding Market Segmental Analysis
Global Injection Molding Market is segmented by Material, by Application and by Region. Based on Material, the market is segmented into Plastics, Metal, Rubber, Ceramic, Others. Based on Application, the market is segmented into Packaging, Consumables & Electronics, Automotive & Transportation, Building & Construction, Medical, Others. Based on Region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.
Analysis by Material
As per the injection molding market analysis, the plastics category led the market with the largest revenue share in 2023 at 98.3%. Injection molding is a manufacturing process that involves forcing melted plastic into a mold where it cools and hardens to form a variety of items. Molded plastic parts are highly manufactured using this flexible manufacturing process for a significant number of industries, such as consumer goods, automobiles, building, and packaging. The plastic material is selected for high volume production because it has wide usage, low cost, durability, and ease of molding. In addition, advances in molding technology and new material compositions such as bioplastics are propelling this market.
However, based on the injection molding market forecast, the metal segment is also expected to have the highest CAGR of 7.4% in the projection period due to the increasing demand for metal injection molding. All of the consumer goods, automotive, aerospace, and medical industries require accurate, dense, and intricate metal parts, and metal injection molding is a smart way to produce them. Powder metallurgy injection molding is the process utilized in metal injection molding. As compared to other conventional manufacturing processes, the metal injection molding machines are economical as they save on inventory costs, labor cost, and raw material price.
Analysis By Application
In 2023, the injection molding industry was led by the packaging sector to produce the highest revenue share. Manufacturing of the various packaging products such as thin-walled containers, dairy, juice and water packaging, beverage caps and closures, and specialty closures depends on this market. Since this process of injection molding can produce large volumes of cost-effective, lightweight and durable products, this process widely finds its application in the packaging sector. The packaging category is expected to experience higher growth during the forecast period because of increased demand across various industries, including consumer goods, cosmetics, health care, and personal care. More importantly, the increasing demand from consumers to be sustainable and convenient is driving further advancement in packaging materials and design, particularly recyclable and biodegradable plastics.
Contrarily, the medical segment is expected to witness strong growth over the forecast period with increasing demand for injection molding within the manufacture of medical devices. Injection molding is better for producing small, intricate parts such as dental implants, prosthetic replacements, endoscopic instruments, implanted parts, orthopedic devices, and medication administration systems. Injection molding is highly applicable for such complex applications because of its precision and speed, mainly in mass production of small parts with consistent quality. The medical injection molding market is thriving because the demand for medical disposables is greater, technical improvements are constant, and plastics usage increases within the healthcare sector. This sector's growth is further complemented by the aging of the world's population and the progress of healthcare facilities in developing countries.
Global Injection Molding Market By Material
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Injection Molding Market Regional Insights
Definition and scope industrial dynamism and the quality & quantity of its commodities define the North American injection molding market. The packaging industry in North America is also influenced by several other factors. Some factors include the area's continuous urbanization process, rising consumer spending power, industrialization, and lifestyle changes toward food by people in North America. In 2023, the U.S. represented a revenue share of more than 80.0% in the region. The U.S. packaging industry is expected to witness growth positively because of the increased demand for packaged products, which is primarily driven by increasing busy lives of consumers as well as growing capacities to spend.
However, in the European injection molding market, during the forecast period, it is expected to be dominated by the availability of a highly qualified workforce, increased research and development activities, and improved infrastructure and facilities. This injection molding industry brings more than 20.0% of the region's income in Germany. Injection moulding is gaining increasing popularity in Germany because of the creative and accurate automakers and suppliers. Moreover, Italy's market is expected to surge heavily with the rise in spending in the construction sector and a strong focus on the growing use of electric and hybrid cars.
Global Injection Molding Market By Geography
- Largest
- Fastest
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Injection Molding Market Dynamics
Drivers
- Growing Demand for Customized Products
Injection molding is highly in demand, as demands of custom high-precision parts are rising for consumer products and medical and automotive industries. This is relatively better when it has complex patterns and complex shapes, producing relatively fewer waste products in custom high-performance parts. It is these demands that grow the market with added cost-effectiveness from injection molding.
- Developments in Material Science
Advances in material technology contribute to the development of injection molding, especially considering bioplastics, composite materials, and lightweight polymers. These allow producers to achieve better performance, sustainability, and durability, which enable them to meet the conditions the government requires for achieving the environmental criteria of manufacturing parts for various industries, especially in the electronics, packaging, and automobile sectors. The flexibility of these materials encourages many people to use injection molding techniques.
Restraints
- High Upfront Investment of Capital
Injection molding, while economical for high-volume production, can have high start-up investment in molding equipment and tooling. The cost alone of designing and making customized molds presents a high barrier to entry, particularly the cost of setting up a machine, especially in underdeveloped countries with little capital. This makes the market inaccessible to some firms with such heavy up-front costs.
- Complexity in Mold Design and Maintenance
An injection molding is considered rather complex in its design, requiring a reasonable amount of knowledge and accuracy. Since the molds need to be produced based on products and materials, modifications and repairs are time-consuming and sometimes very expensive. Moreover, degradation of mold leads to increased costs through maintenance, hence decreasing productivity efficiency. These concerns can lower production effectiveness due to the frequency of changes made in design, particularly in the relevant industries.
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Injection Molding Market Competitive Landscape
Some of the key players in this extremely competitive injection molding market focus upon innovation in new technologies, cost reduction, and product diversification. The key players here include KraussMaffei Group, Husky Injection Molding Systems, Engel Austria, and Arburg GmbH. With large firms expanding their reach through strategic alliances, acquisitions, and R&D efforts, small firms exploit narrow applications.
Top Player’s Company Profile
- 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, LLC
Recent Developments
- In September 2023, biometrics completed an expansion of its Minnesota, U.S. facility which adds 100,000 square feet of space within the overall facility area of 170,000 square feet. That should increase the total market penetration by the company most probably.
- In November 2023, expansion of size and upgradation of facilities C&J Industries, announced that it will upgrade its current facilities and expand the size of its Meadville, Pennsylvania-based manufacturing plant. The 2,14,400 square feet property is being expanded with a 25,000 square feet addition as part of its upgradation. Its in-house manufacturing capabilities should be improved by having a new facility attached to it.
- In October 2022, Evco Plastics declared it would invest USD 11m in furthering manufacturing capacity in the United States. The company now operates 183 injection molding machines.
Injection Molding Key Market Trends
- Sustainability and eco-friendly packaging: One of the major injection molding market trends includes sustainable packaging. Manufacturers are being forced to use more eco-friendly materials in injection molding, such as recycled resins and biodegradable plastics, along with a demand from consumers for eco-friendly goods and sustainable packaging. These include waste reduction, efficient consumption of energy at the manufacturing point, and principles of the circular economy.
- Automation and Smart Manufacturing: Companies have ensured the embrace of smart sensors, artificial intelligence, and Internet of Things in injection molding processes which enhance productivity by eliminating human error. In automation, the operating costs are reduced, and production quality is improved because real-time monitoring, predictive maintenance, and optimized production cycles are facilitated. The following Industry 4.0 movement will hence improve the efficiency and productivity of the processes, especially in high volume applications.
Injection Molding Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected using Primary Exploratory Research backed by robust Secondary Desk research.
As per SkyQuest analysis, the injection molding market outlook is further expected to change regarding developing material science, the growing need for complicated and customized parts, and increasing utilization of automation and environmentally friendly procedures. The main driving industries are basically automotive, healthcare, packaging, and consumer goods that are influenced by the advancement in bioplastics and introduction of environmentally friendly materials in the sector's future. Despite the high setup costs and complexity of the design of the mold, the barriers to the market still open opportunities for development because of the growing interest in effectiveness, accuracy, and sustainability. This injection molding market will grow further as automation advances and technology improves, offering lower-cost solutions superior for most applications.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 287.54 Billion |
| Market size value in 2032 | USD 438.47 Billion |
| Growth Rate | 4.8% |
| Base year | 2024 |
| Forecast period | 2025-2032 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
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| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
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| Customization scope | Free report customization with purchase. Customization includes:-
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Injection Molding Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Injection Molding Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Injection Molding Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Injection Molding Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Injection Molding Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Injection Molding Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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