Acumen Research and Consulting recently published report titled “Plastic Injection Molding Market Report and Region Forecast, 2022 - 2030”
| Source: Acumen Research and Consulting
BEIJING, Dec. 27, 2022 (GLOBE NEWSWIRE) -- The Global Plastic Injection Molding Market Size accounted for USD 271.6 Billion in 2021 and is estimated to achieve a market size of USD 419.1 Billion by 2030 growing at a CAGR of 5% from 2022 to 2030.
Plastic Injection Molding Market Statistics
- Global plastic injection molding market revenue was worth USD 271.6 billion in 2021, with a 5% CAGR from 2022 to 2030
- Asia-Pacific plastic injection molding market share gathered more than 44.8% in 2021
- North America plastic injection molding market growth is expected to expand at a CAGR of 5.3% from 2022 to 2030
- By machine type, the all-electric injection molding machines segment has the biggest revenue share of 51.2% in 2021
- Growing focus on using lightweight materials in automotive industry, propel the plastic injection molding market value
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Plastic Injection Molding Market Report Coverage:
|Market||Plastic Injection Molding Market|
|Plastic Injection Molding Market Size 2021||USD 271.6 Billion|
|Plastic Injection Molding Market Forecast2030||USD 419.1 Billion|
|Plastic Injection Molding Market CAGR During 2022 - 2030||5%|
|Plastic Injection Molding Market Analysis Period||2018 – 2030|
|Plastic Injection Molding Market Base Year||2021|
|Plastic Injection Molding Market Forecast Data||2022 – 2030|
|Segments Covered||By Machine Type, By End-User Industry, And By Geography|
|Plastic Injection Molding Market Regional Scope||North America, Europe, Asia Pacific, Latin America, and Middle East & Africa|
|Key Companies Profiled||Husky Injection Molding Systems Ltd, Haitian International Holdings Limited, Chen Hsong Holdings Limited, Sumitomo Heavy Industries Ltd, The Japan Steel Works Ltd, and Engel Austria GmbH.|
|Report Coverage||Market Trends, Drivers, Restraints, Competitive Analysis, Player Profiling, Regulation Analysis|
Plastic Injection Molding Market Overview
Growing demands for plastic injection molding from diverse end-use sectors, together with increased manufacturer awareness of the advantages of plastic injection molding, are likely to drive up demand for plastic injection molding machines. The surge in infrastructural development in nations such as Brazil & India is growing significantly for heat and pressure-resistant materials. This is likely to expand the use of plastic injection molding machines by building product producers.
Plastic Injection Molding Market Trends
Stringent US FDA rules governing the utilization of plastic in medical equipment, as well as manufacturers' shift toward a more cost-effective process of production, are projected to drive up demand for plastic molding machines. The medical device industry in the United States was worth US$ 156 billion in 2017 and is expected to be worth US$ 208 billion by 2023. With the nation's medical equipment exports reaching up to USD 43 billion, the expansion of plastic injection molding machines is likely to accelerate. Injection molding would help manufacturers produce items that are lighter, cheaper, and more functional. The government is investing heavily in healthcare infrastructural projects to assist R&D operations. The government is enforcing certain criteria for medical equipment manufacture due to consumer preferences for home healthcare adoption. Organizations must achieve a specific level of quality while keeping production costs reasonable.
Additionally, the automobile industry's strong demand for effective components is fostering market expansion. However, changing rules regarding the usage of plastic, as well as fluctuation in the raw material prices such as ethylene or propylene, are some factors that are projected to slow the growth of the plastic injection molding market. Furthermore, rigorous environmental rules governing the recycling of plastic items are impeding industry expansion. Increasing manufacturing capacity and a preference for the development of eco-friendly, cost-effective raw materials are two opportunities for development that enterprises see in the next years. Furthermore, business strategic collaborations and product offerings acquisition is likely to assist the market's revenue transaction.
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Plastic Injection Molding Market Segmentation
The global plastic injection molding market has been segmented by Acumen Research and Consulting based on machine type, and end-user industry. By machine type, the segment is separated into all-electric injection molding machines, hybrid injection molding machines, and hydraulic injection molding machine. Among the machines, the hydraulic injection molding machine is predicted to take over the global plastic injection molding market in terms of revenue. The popularity of hydraulic injection molding machines stems from their inexpensive maintenance as well as excellent performance.
In terms of end-user industry, the market is categorized into packaging, automotive, healthcare, consumables and electronics, building & construction, and others. According to the plastic injection molding market forecast, the packaging category is predicted to develop significantly in the next years.
Plastic Injection Molding Market Regional Overview
Based on the region, the worldwide plastic injection molding market segmentation is into Asia Pacific, Europe, North America, Middle East and Africa, and Latin America. According to a plastic injection molding industry analysis, the Asia-Pacific region is dominates the market in 2021. The Asia Pacific region is rapidly developing as a result of rapid technological and infrastructure investment in nations such as India, Malaysia, China, and others. Electronic device/product spending by consumers is growing in the Asia-Pacific region. Consumer appliances and electronics sales in India are predicted to expand by 23% in 2021, with demand for electronic gear expected to exceed $400 billion by 2024. Governments in emerging economies are encouraging entrepreneurs to start businesses. The accessibility of 100% FDI & tax benefits, as well as the simple access to raw materials as well as low-cost labor, is enticing companies from all over the world to invest in this region. Plastic is a superior feedstock for consumer devices. Plastic is preferred over other elements due to its advantages such as high elasticity, low price, and micro-tolerance properties. The need for plastic injection molding machines is likely to rise as a result.
Aside from that, North America is expected to see significant market growth in the coming years. The region's plastic injection molding market is predicted to increase due to the region's thriving healthcare industry and rising use of injection molding in the production of medical devices.
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Plastic Injection Molding Market Players
Some of the prominent plastic injections molding market companies are Husky Injection Molding Systems Ltd, Chen Hsong Holdings Limited, The Japan Steel Works Ltd, Haitian International Holdings Limited, Sumitomo Heavy Industries Ltd, and Engel Austria GmbH.
Questions Answered By This Report
- What was the market size of Plastic Injection Molding Market in 2021?
- What will be the CAGR of Plastic Injection Molding Market during the forecast period from 2022 to 2030?
- Who are the major players in Global Plastic Injection Molding Market?
- Which region held the largest share in Plastic Injection Molding Market in 2021?
- What are the key market drivers of Plastic Injection Molding Market?
- Who is the largest end user Plastic Injection Molding Market?
- What will be the Plastic Injection Molding Market value in 2030?
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About Acumen Research and Consulting:
Acumen Research and Consulting is a global provider of market intelligence and consulting services to information technology, investment, telecommunication, manufacturing, and consumer technology markets. ARC helps investment communities, IT professionals, and business executives to make fact-based decisions on technology purchases and develop firm growth strategies to sustain market competition. With the team size of 100+ Analysts and collective industry experience of more than 200 years, Acumen Research and Consulting assures to deliver a combination of industry knowledge along with global and country level expertise.
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Plastic Injection Molding Plastic Injection Market Size Plastic Injection Molding CAGR Acumen Research and Consulting
What is the market size of plastic injection Moulding? ›
|Market size value in 2022||USD 273.2 billion|
|Revenue forecast in 2030||USD 397.6 billion|
|Growth Rate||CAGR of 4.8 % from 2022 to 2030|
|Base year for estimation||2021|
The projected market size of global plastic injection molding market is $240.9 billion by 2027, growing at a CAGR of 5.1%.What is the outlook for plastic injection molding industry? ›
Plastics Injection Molding Market Analysis
The global plastics injection molding market is expected to reach 1,44,599 kilotons by the end of this year. It is projected to register a CAGR of over 3.5% during the forecast period.
Metal Molds Market for Plastic Injection Molding size was recorded at USD 4.5 billion in 2022.Why is injection molding so expensive? ›
The simple answer is that making a successful injection mould tool is a hugely complex undertaking that require a lot of thought, planning, expertise and labour. The higher the complexity, the more expensive the cost of your mould will be.What is the demand for injection molding? ›
Injection Molding Machine Market was valued at USD 10.4 billion in 2022 and is projected to reach USD 12.4 billion by 2027, growing at a cagr 3.6% from 2022 to 2027.What is one disadvantage of injection molding? ›
Start-up costs are high.
Since custom tooling must be created for each injection molded part, initial start-up costs are high and this isn't economical for low-volume production runs.
The injection molding technique is famous for its fast production rate and efficiency. This high production output provides cost-saving advantages and makes the process ideal for mass production. The technique also focuses on repeatability, with low scrap rates compared to conventional processes.How sustainable is injection molding? ›
Injection molding has minimal scrap rates.
Compared to other manufacturing processes like CNC machining, injection molding produces very little scraps, making it a more sustainable method.
Injection-moulding machines for rubber or plastic are the world's 548th most traded product. In 2021, the top exporters of Injection-moulding machines for rubber or plastic were China ($1.87B), Japan ($1.22B), Germany ($972M), Austria ($919M), and South Korea ($257M).
What state is best for injection molding? ›
West Virginia is the best state for injection molding technicians to live.How do you value an injection molding company? ›
To get an accurate idea of the value of your injection molding operation, the valuation needs to consider things like past performance, historic growth trends, customer concentration, condition of your equipment, certifications, and other factors.What state has the highest mold count? ›
Florida takes the cake here. It's the home of many things such as Mickey Mouse, hurricanes, palm trees, The Everglades, and overall craziness! Florida is also home to the state where you are most likely to have a mold issue.What is the biggest Mould in the world? ›
Their fungus, a specimen of Armillaria ostoyae, covered about 1,500 acres (600 hectares) or 2.5 square miles (6.5 square kilometers). And in 2003 Catherine Parks of the USFS in Oregon and her colleagues published their discovery of the current behemoth 2,384-acre Armillaria ostoyae.How much is a mold making fee? ›
A small and simple single cavity plastic injection mold usually costs between $1,000 and $5,000. Very large or complex molds may cost as much as $80,000 or more. On average, a typical mold that produces a relatively simple part small enough to hold in your hand costs around $12,000.What is the profit margin for injection molding? ›
In the injection molding industry for example, margins of 6-7% are pretty typical. Of course some plastics manufacturers have profits higher than average, some lower. That's true in every industry.What is cheaper than injection molding? ›
Meanwhile, The extrusion process is less costly upfront, with tooling costs 80% to 90% less than injection molding, but slightly more expensive over time as it produces parts at a more medium cost per part.What is better than injection molding? ›
However, because of the cost and time consuming nature of injection moulding tooling design, 3D printing is generally seen as a better process for prototyping.How do I find customers for injection molding? ›
- Step 1: Plan for your product. ...
- Step 2: Examine the company's facilities and material availability. ...
- Step 3: Ask about ISO Certification. ...
- Step 4: Look for experience. ...
- Step 5: Decide on the kind of relationship you want to build.
The building and construction industry employs injection molding to craft parts and tools they need for their everyday work. Since plastic injection molding can craft durable, stable, lightweight, reliable and cost-effective items, it's valuable to companies needing products with all these features.
How long does injection molding last? ›
Plastic injection molds last from hundreds to over a million cycles. A plastic injection mold lifespan depends on its environment, maintenance, structure, SPI classification, and other factors.Why is injection moulding bad for the environment? ›
Specifically, the amount of energy used in the manufacturing process, the impact of creating virgin plastics from fossil fuels and the disposal of single-use products into landfill are the main sustainable challenges for plastic injection moulding.What is the problem in plastic injection moulding? ›
Injection molding warping refers to unintended twists or bends caused by uneven internal shrinkage during the cooling process. Warping defects in injection molding are generally the result of non-uniform or inconsistent mold cooling, which creates stresses within the material.What are the advantages and disadvantages of injection molding? ›
Plastic injection moulding advantages centre around great precision and high repeatability, combined with speed, a low cost per part and a huge choice of available plastics. Disadvantages include a higher initial cost and lead time than some other processes.What is one advantage of injection molding? ›
It minimises moulding costs, and is a highly repeatable way of producing plastic or elastomeric parts with high precision. Once set up, it can produce a huge amount of parts per hour from a wide range of different plastics plus other materials such as liquid silicone rubber.What are the major factors affecting an injection moulding process? ›
- Plastic Melt Temperatures.
- Barrel Temperatures.
- Nozzle Temperatures.
- Plastic Flow Rates.
- Plastic Pressure or Screw Back Pressure.
The Plastic Injection Moulding process forms a waste material called 'sprues'. Sprues are the pieces of plastic that are left over after the process is finished.Why do companies use injection moulding? ›
The main advantage of injection moulding is being able to scale up production to produce a large number of parts. Once the initial costs of the design and the moulds have been covered, the price of manufacturing is very low. The cost of production drops as more parts are produced.What is the hardest plastic for injection molding? ›
Polycarbonate (PC): Polycarbonate is a transparent thermoplastic that offers some of the strongest, most shatter-resistant construction available for plastic injection molded products.Who is the world's largest injection molding machine manufacturer? ›
Headquartered in Austria and with 9 locations worldwide, ENGEL is the world's leading manufacturer of plastic injection molding machines. Besides machine building, it also offers a wide range of services.
Who makes injection molds in the United States? ›
|Company||Headquarters||Number of Employees|
|SRG Global Inc.||Troy, MI||5,600|
|Newell Brands, Inc.||Hoboken, NJ||40,000|
|U.S. Farathane LLC||Auburn Hills, MI||4,200|
|AptarGroup Inc.||Crystal Lake, IL||13,000|
The most commonly used types of Nylon for injection molding are Nylon 6, Nylon 6/6, Nylon 66, and Nylon 6/66. Nylon 66 is a more crystalline version of Nylon 6. It is also called polyamide 66 or PA 66. It has improved mechanical properties due to its more ordered molecular structure.How much does injection molding processing cost? ›
Injection Mold Cost Overview
The plastic injection molding process can cost anywhere from $3,000 to $100,000 or more. Simple molds are typically in the $3,000 and $6,000 range while the price for large, more complex, high-production, or multi-cavity molds can cost $25,000 to $50,000 or more.
In general, blow molding is used to make singular, hollow products like bottles and beakers. Injection molding makes solid parts, like plates and discs, or is used to produce solid parts or pieces for plastic products.Is injection molding the same as molding? ›
Injection molding is the process by which a material is introduced into a mold under high pressure while in a liquid state. Cast molding, on the other hand, employs the force of gravity to introduce the material into the mold.How much does an injection molding machine cost per hour? ›
Reported machine rates for injection molders range from $20.00 per hour to $328.90 per hour. The most easily defined factor at play is machine tonnage.How do I grow my injection moulding business? ›
- Find a Niche and a Focus. Most custom molders in business today have found a niche. ...
- Warehousing: A Hidden Requirement. ...
- The Molding Machine: Cost Justification. ...
- Selecting the Best Equipment. ...
- Quality Issues-What They're All About.
Most injection molders will recommend 2.5 times the surface square inches of the part and an additional 10% as a safety factor. If you have a part that is 120 square inches, you would need a press size with 300 tons of pressure.What state has the lowest rate of mold? ›
On the opposite end, the driest areas of the country can be counted on to provide less risk for moisture, and hence less risk for mold. Nevada is the driest state, according to CurrentResults. This state receives less than ten inches a year, making it the only state with annual rainfall in the single digits.What city has the least mold? ›
Salt Lake City
Utah's capital has an average elevation of nearly 4,300 feet above sea level and is in a dry, mountainous climate, so it's going to have very low levels of mold and other allergens. It's known as one of the best cities in the country for people with respiratory issues of any kind.
What kills mold spores in the air? ›
Hydrogen peroxide kills mold spore on contact by breaking down proteins and DNA. It's normally used to clean mold on porous and non-porous surfaces. Ionized hydrogen peroxide can kill mold spores in the air, but it requires the use of a special fogging machine.What are the top 5 worst molds? ›
The Most Dangerous Molds. Toxic molds fall into five categories. Those categories are Penicilium, Fusarium, Stachybotrys, Aspergillus and Cladosporium.What cities have the most mold? ›
- Saint Louis—16%
- Minneapolis-St. Paul—16%
- Los Angeles—17%
- Riverside-San Bernardino—20%
Mold grows best between 77° F and 86° F, especially if the air is humid. Water: Molds thrive in damp, humid, and wet conditions. They require water to grow and spread, which is why it is recommended to keep homes – especially walls and carpets – as dry as possible.What kills water mold? ›
Use a bleach solution of no more than 1 cup (8 ounces) household laundry bleach per 1 gallon of water to kill mold on surfaces.What does mold smell like? ›
Mold has a distinct smell. It's often described as musty and earthy, and may even smell like rotting vegetables or plants. You might notice a musty smell, but not be able to see any mold growing. In this case, you should look for areas that might be exposed to water.What removes mold? ›
Use undiluted white vinegar on hard surfaces in kitchens and baths. A bleach solution also works to kill mold. Mix one cup of bleach in a gallon of water, apply to the surface and don't rinse. Mix a 50/50 solution of ammonia and water.What is the market size of the plastics industry? ›
In 2021, the global plastics market was valued at 593 billion U.S. dollars. The plastics market is projected to grow in the coming years to reach a value of more than 810 billion U.S. dollars by 2030, registering a CAGR of 3.7 percent during the forecast period of 2022 to 2030.What is the market size of engineering plastics? ›
The global engineering plastics market size was valued at USD 107.2 billion in 2022 and is projected to reach USD 140.9 billion by 2027, growing at a cagr 5.6% from 2022 to 2027.What is the market size for plastic manufacturing? ›
What was the market size of the Plastic & Resin Manufacturing industry in the US in 2022? The market size, measured by revenue, of the Plastic & Resin Manufacturing industry was $129.4bn in 2022.
What is the size of the polymer industry market? ›
|Market Size in 2022||USD 747.39 Billion|
|Market Size by 2030||USD 1078.5 Billion|
|Growth Rate from 2022 to 2030||CAGR of 4.69%|
China: the plastic leader
As the leading manufacturing economy and exporter of goods in the world, it is not surprising that China is the world's largest producer of plastic as well.
The global plastic market size was valued at USD 609.01 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 3.98% during the forecast period.Who is the largest producer of plastic waste in the world? ›
1. China. Given that it's home to over 1.4 billion people – or over a sixth of the global population – it's only logical that China would be the biggest producer of plastic pollution in the world.What is the demand for plastic 2050? ›
A novel plastics tax came next, raising consumption by 1.57 times 2019 levels to reach 409 million tonnes by 2050, while the EPR scheme was the least effective on its own, allowing consumption to increase by 1.66 times compared to 2019 levels to reach 434 million tonnes.What is the global plastic packaging market size? ›
The global plastic packaging market was valued at more than 260 billion U.S. dollars in 2021.How profitable is the plastics industry? ›
Plastics Industry Association revenue is $13.0M annually.What industry produces the most plastic? ›
Global plastic waste production breakdown 2018, by sector
In 2018, packaging accounted for 46 percent of global plastic waste generation. This was considerably higher than any other sector, with textiles making up the second highest share with approximately 15 percent.
Most notably, The Coca-Cola Company has been the world's top plastic polluter by a significant margin every year since the global brand audit began in 2018. The 2022 brand audit found more than 31,000 Coca-Cola branded products, a 63% increase from 2021.What is the profit margin in plastic business? ›
Cost of Good Sold (COGS) on a product like this is probably 15% – that is raw materials+manufacturing+packaging+shipping to warehouse. Retailer margin (markup from wholesale) depends on the channel – anywhere from 14% to around 50%. So, when you break it all down, the costs are all in marketing, sales and distribution.
What is the size of the additive manufacturing market in 2030? ›
SAN FRANCISCO, Oct. 18, 2022 /PRNewswire/ -- The global additive manufacturing market size is estimated to reach USD 76.16 billion by 2030, growing at a CAGR of 20.8% over the forecast period, according to a new report by Grand View Research, Inc.Is the plastics industry the largest manufacturing industry in the United States? ›
The US plastics industry is the third largest manufacturing industry in the United States. It employs nearly one million people in the manufacturing sector (about 16,000 manufacturing sites) and 1.4 million people total when including plastics suppliers.What is the polymer market forecast? ›
The global conductive polymer market was valued at $3.9 billion in 2018, and is projected to reach $7.4 billion by 2026, growing at a CAGR of 8.1%from 2019 to 2026.