Global Injection Molding Market

Injection Molding Market Size, Share, Growth Analysis, By Material (Plastics, Metal), By Application (Packaging, Medical), By Technology (Micro Injection Molding, Injection Compression Molding), By Region -Industry Forecast 2024-2031

Report ID: SQMIG15A2448 | Region: Global | Published Date: November, 2024
Pages: 172 | Tables: 94 | Figures: 71

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

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Global Injection Molding Market size was valued at USD 274.37 Billion in 2022 and is poised to grow from USD 287.54 Billion in 2023 to USD 418.39 Billion by 2031, growing at a CAGR of 4.8% in the forecast period (2024-2031).

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. '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'

Growing Demand for Customized Products

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.

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.

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Global Injection Molding Market

Report ID: SQMIG15A2448

$5,300
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