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

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.