The integration of Industry 4.0 technologies, including real-time monitoring and predictive maintenance, enhances machine performance and operational reliability.

• The automotive, packaging, consumer goods, and medical sectors' growing need for intricate plastic parts is driving market growth through the efficient mass production capabilities of injection molding. • Advancements in injection molding machines, including automation, robotics, real-time monitoring, predictive maintenance, and energy efficiency, are enhancing capabilities and driving market growth.

In June 2023: Haitian International opened an advanced manufacturing facility in Mexico with the strategic objective of enhancing local production capacity, reducing delivery times, and delivering superior solutions to meet the technical needs of customers in North and South America.

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Asia-Pacific is expected to dominate the injection molding machine market by holding a share of close to 39.6% in 2023. There are several factors contributing to its dominance such as the rising demand from the health sector, rapid industrialization in China, India, and Japan, the substantial requirement of plastic molds in electric mobility, and an increase in both within the automotive and packaging sectors across the region.

Schnipke has tooling and plastic injection molding operations at its headquarters in Ottoville, OH, and operates a second manufacturing facility in Tucson, AZ. The company is FDA registered and is certified to ISO 13485:2016.

The Key players are Arburg GmbH + Co KG, Haitian International Holdings Limited, Milacron, Nissei Plastic Industrial Co., Limited, Engel Austria GmbH, Sumitomo (SHI) Demag Plastics Machinery GmbH, Chen Hsong Holdings Limited, Toyo Machinery & Metal Co., Ltd, Husky Injection Molding Systems Ltd, Japan Steel Works Limited, KraussMaffei Group

Injection molding machines with advanced automation and robotics offer improved efficiency, reduced labor costs, and enhanced precision in manufacturing complex plastic components.

Earlier this week, another medical injection molder made news when Total Molding Services announced that it has been acquired by Haartz Family Holdings, changing its name to Moldgenix in the process.

In November 2023: ARBURG expanded its global footprint with the inauguration of a new subsidiary in Vietnam. The primary objective was to enhance accessibility to ARBURG products and services for customers in Vietnam. The establishment of this subsidiary reflects the company's commitment to providing products and services with increased convenience, efficiency, and dependability.

By End-Use Industry: The automotive segment is expected to be the largest market and hold a significant revenue share of around 29.4% in 2023. The injection molding machines are applied to manufacture a wide variety of automotive components, such as exterior body panels, bumpers, dashboards, spoilers, and electrical housings.

Plastics injection molder Atalys LLC announced yesterday that it has acquired Schnipke Engraving Co. LLC. Both companies provide injection molding and related services to medical device OEMs. Atalys, based in Rochester, NY, said the acquisition will enhance its manufacturing capabilities, technology, and geographical footprint.

North America (US, Canada, Mexico), Europe (Eastern Europe [Poland, Romania, Hungary, Turkey, Rest of Eastern Europe] Western Europe] Germany, France, UK, Italy, Spain, Netherlands, Switzerland, Austria, Rest of Western Europe]), Asia Pacific (China, India, Japan, South Korea, Vietnam, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (Middle East [UAE, Egypt, Saudi Arabia, Qatar, Rest of Middle East], Africa [Nigeria, South Africa, Rest of Africa], Latin America (Brazil, Argentina, Colombia, Rest of Latin America)

Founded in 1967, Schnipke has established a reputation for building tools in-house and designing and engineering molds that meet the medical device industry's stringent requirements for precision at extremely tight tolerances, said the news release. The company claims on its website that it can mold within tolerances of +/-0.001 inches and as small as 0.02 grams in weight. Even smaller dimensions can be accommodated upon customer request.

Editor in chief of PlasticsToday since 2015, Norbert Sparrow has more than 30 years of editorial experience in business-to-business media. He studied journalism at the Centre Universitaire d'Etudes du Journalisme in Strasbourg, France, where he earned a master's degree.

In February, Atalys announced that it is tripling the size of its existing facility in the Dominican Republic from 15,000 to 47,000 square feet through the addition of a new 32,000-square-foot building. The company said that the new building will be dedicated to manual assembly with complementary injection molding, pad printing, tool repair, and warehousing. The existing facility will become the company's primary plastics processing site focused on cleanroom injection molding as well as secondary operations such as testing and packaging.

The growing popularity of consumer electronics and medical devices, which require intricate and high-quality plastic components, is fueling market expansion, Says SNS Insider.

The increasing market for intricate plastic parts primarily served by an injection molding machine is also a substantial growth driver. More and more precisely constructed and complex plastic parts are being demanded in various industries, as the technology has exceptional capacity for mass production and efficiency. In the automotive industry, the demand is being met by producing lightweight and energy-efficient dashboards, aerodynamic components, as well as intricate and precise engine parts. The result is a technology that is a perfect fit for high-volume production and great accuracy. The packaging industry is another area significantly benefiting from the injection molding machines, which produce countless different types of containers, bottles, or closures.

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North America has the fastest CAGR of 3.95% from 2024 to 2032. The market growth in this region is ultimately responsible for the fantastic growth in the leading manufacturing market due to the solid industrial dynamics and the variety of the commodities in the countries. The leading growth in the demand for the packaged food products, the highly rising immigration rate, and the growing demand for the technologically advanced machinery like automation are among the integrating factors in the region.

"Our acquisition of Schnipke was driven by a focused strategy to deepen our capabilities, capacity, and technical superiority across the entire manufacturing process for medical device components,” said Vinc Ellerbrock, president and CEO of Atalys. “The addition of Schnipke adds two manufacturing sites for scalable growth, broadens our geographic presence and reach, enables us to serve a wider array of customers, and significantly augments our technical capabilities,” said Ellerbrock.

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The market is shifting towards eco-friendly practices, with increasing adoption of biodegradable and recycled materials aligning with global sustainability goals.

Growing demand from the automotive, packaging, consumer goods, and healthcare sectors drives the need for advanced injection molding machines to meet specific industry requirements.

By Material: The plastic segment is expected to dominate the market and seize a major revenue share of around 76.9% in 2023. On the one hand, this superiority is caused by the rapid consumption of plastic parts in the automotive industry. According to the reports, the plastic parts of the cars are lighter in weight and are less costly than the traditional materials. Besides, the injection molding machines are highly precise, repeatable, and less costly per part produces while enabling to produce the shapes of high complexity, which are complicated to achieve via other methods.

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“According to SNS Insider Research, The Injection Molding Machine Market size was valued at US$ 15.95 Billion in 2023 and is estimated to reach US$ 24.53 Billion by 2032, with a growing CAGR of 4.9% over the forecast period 2024-2032.”

The global injection molding machine market is showing promising growth due to several significant drivers. In the U.S. market, the growing demand for packages is a major factor. This is a direct result of growing consumer purchasing capacity and ever demanding lifestyles of citizens, leading to a growth in the packaging sector and an associated increase in demand for injection molds for packages. The U.S. market holds the greatest share, exceeding 60.2%, due to leading factors, such as the availability of the latest technological tools, adequately skilled workforce, sophisticated processing equipment, and substantial investments into research and development. Another significant driver for growth is represented by the industrial trend towards the integration of automation and robotics in the operation of injection molding machines.

In addition to its headquarters in Rochester, Atalys has manufacturing facilities in Asheboro, NC, and the Dominican Republic. The New York and North Carolina plants have multiple Class 8 cleanrooms for molding and assembly on site; the Santo Domingo site in the Dominican Republic offers cleanroom assembly and automation. The company said it adheres to scientific molding principles and is equipped with presses ranging in size from “near micro molding” to 1,400 tons.