DUBLIN--(BUSINESS WIRE )--The "Injection Molding Market Size, Share & Trends Analysis Report by Material (Plastics, Metals), by Application (Packaging, Medical), by Region (North America, Europe, APAC, CSA, MEA), and Segment Forecasts, 2022-2030" report has been added to ResearchAndMarkets.com's offering.
The global injection molding market size is anticipated to reach USD 397.6 billion by 2030 and is expected to expand at a CAGR of 4.8% from 2022 to 2030.
The market is driven by the rising demand for injection-molded components from various end-user industries since it offers cost-effective and efficient methods for manufacturing high-volume production of parts and products.
The market has witnessed growth especially from the medical industry, with the emergence of the COVID-19 pandemic, as this product can offer accuracy, a high range of operation, repeatability, and cleanliness. Furthermore, packaging manufacturers leverage injection molding with robotics to run faster production rates with cost-effectiveness.
The market has witnessed surged adoption in recent years on account of the manufacturing technology employed for producing complex products. Players incorporate industry 4.0 in their process, thereby optimizing the requirement of raw materials, lowering costs, increasing automation, flexibility among other things.
COVID-19 pandemic had caused supply chain disruptions in 2020 resulting in losses for the service providers as demand from various end-user industries was halted. However, with the infusion of economic stimulus packages, manufacturers have adopted automation to shorten production cycle time, thereby increasing productivity and profits.
The demand for plastic injection molding is witnessing significant growth due to high tensile strength and high-temperature endurance that have led to the surged usage of engineering-grade plastic resins for molded products. Moreover, plastic resins enable a reduction in manufacturing waste, product weight, and overall manufacturing costs.
Companies providing molding services are engaged in acquiring the latest technologies to meet the changing demands from the medical industries and increase manufacturing capacity. For instance, in August 2021, HTI Plastics installed a new 420-ton injection molding press with an integrated Engel Viper 20 robot to advance its machinery capabilities.
Injection Molding Market Report Highlights
Chapter 3. Injection Molding Market Variables, Trends & Scope
3.2. Penetration & Growth Prospect Mapping
Chapter 5. Injection Molding Market: Material Estimates & Trend Analysis
5.1. Injection Molding Market: Material Movement Analysis, 2020 & 2030
5.2.1. Market estimates and forecasts, 2017-2030 (USD Million)
5.3.1. Market estimates and forecasts, 2017-2030 (USD Million)
5.4.1. Market estimates and forecasts, 2017-2030 (USD Million)
Chapter 6. Injection Molding Market: Application Estimates & Trend Analysis
6.1. Injection Molding Market: Application Movement Analysis, 2020 & 2030
6.2.1. Market estimates and forecasts, 2017-2030 (USD Million)
6.3.1. Market estimates and forecasts, 2017-2030 (USD Million)
6.4.1. Market estimates and forecasts, 2017-2030 (USD Million)
6.5.1. Market estimates and forecasts, 2017-2030 (USD Million)
6.6.1. Market estimates and forecasts, 2017-2030 (USD Million)
6.7.1. Market estimates and forecasts, 2017-2030 (USD Million)
Chapter 7. Injection Molding Market: Regional Estimates & Trend Analysis
7.1. Injection Molding Market: Regional Movement Analysis, 2020 & 2030
8.1. Key Global Players, Their Initiatives, & Its Impact on the Market
8.6.1. List of Key Emerging Companies and Their Geographical Presence
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ResearchAndMarkets.com Laura Wood, Senior Press Manager press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470 For U.S./CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900