Global Injection Molding Market

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: 94 | Figures: 71

Injection Molding Market News

  • 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.
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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).

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

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