Plastic Injection Molding Market Size is expected to reach at USD 419.1 Billion by 2030, registering a CAGR of 5%, Owing to Increasing Demand from Healthcare Sectors (2023)

FAQs

What is the market size of plastic injection Moulding? ›

The projected market size of global plastic injection molding market is $240.9 billion by 2027, growing at a CAGR of 5.1%.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

Polycarbonate (PC): Polycarbonate is a transparent thermoplastic that offers some of the strongest, most shatter-resistant construction available for plastic injection molded products.

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? ›

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.

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.

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.

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.

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.

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.

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.

The Most Dangerous Molds. Toxic molds fall into five categories. Those categories are Penicilium, Fusarium, Stachybotrys, Aspergillus and Cladosporium.

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.

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.

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.

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.

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.

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 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? ›

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.

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.

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.

The global plastic packaging market was valued at more than 260 billion U.S. dollars in 2021.

Plastics Industry Association revenue is $13.0M annually.

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.

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.

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.

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.