By material, the plastics segment held the highest market share in 2023 and is expected to keep its dominance during the forecast period 2024-2033. Plastics are the key material driving the injection moulding market because of their versatility, low cost, and wide range of applications in sectors like as automotive, packaging, electronics, and consumer products, resulting in strong demand for injection moulding services.

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To lessen the environmental effect of injection molding operations, manufacturers are progressively adding biodegradable and recyclable materials. Another trend is the use of modern technologies like automation, robots, and artificial intelligence to improve efficiency, accuracy, and productivity in industrial operations.

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The Asia-Pacific region dominates the injection moulding market because of its strong production sector, cost-effectiveness, skilled labour pool, rising consumer demand, and supporting government policies that foster industry expansion and innovation.

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The competitive landscape includes key innovators, after market service providers, market giants as well as niche players are studied and analyzed extensively concerning their strengths, weaknesses as well as value addition prospects. In addition, this report covers key players profiling, market shares, mergers and acquisitions, consequent market fragmentation, new trends and dynamics in partnerships.

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April 23, 2024 13:30 ET | Source: Custom Market Insights Custom Market Insights Austin, TX, USA

For instance, in 2020, Comar, a US manufacturer and designer of innovative plastic solutions, announced locating a custom facility in Rancho Cucamonga, CA. The 230,000-square-foot facility is Current Good Manufacturing Practice regulation (cGMP)-compliant, ISO 13485-certified, and FDA-registered, with dedicated injection blowmolding, injection-stretch blowmolding, and injection-molding cells.

(Please note that the sample of the Injection Molding report has been modified to include the COVID-19 impact study prior to delivery.)

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Polymer Membrane Market: Polymer Membrane Market Size, Trends and Insights By Technology (Ultrafiltration, Microfiltration, Nano-filtration, Reverse Osmosis), By End User (Chemical, Food and Beverage, Water Treatment, Industrial Processing, Medicine, Others), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2024–2033

Browse the full “Injection Molding Market Size, Trends and Insights By Material (Plastics, Metals, Others), By Application (Packaging, Consumables & Electronics, Automotive & Transportation, Building & Construction, Medical, Others) and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2024–2033” Report at https://www.custommarketinsights.com/report/injection-molding-market/

For the packaging sector, AIMPLAS presented results of projects that included biodegradable barrier packaging made from food waste, plastic film derived from coffee waste, active packaging that extends the shelf life of cheese and is made from cheese-industry waste, and cartridges for 3D food printing.

By region, Injection Molding market is segmented into North America, Europe, Asia-Pacific, Latin America, the Middle East & Africa. The Asia-Pacific dominated the global Injection Molding market in 2023 with a market share of 44% and is expected to keep its dominance during the forecast period 2024-2033.

The global blow-molded plastics market grew from $89.39 billion in 2022 to $92.93 billion in 2023 at a compound annual growth rate (CAGR) of 4.0%. The blow-molded plastics market is expected to grow to $108.75 billion in 2027 at a CAGR of 4.0%, according to a report published in February by Reportlinker. The market consists of sales coveringcompound blowmolding and compression blowmolding.

Several worldwide factors are influencing the injection molding market’s future trajectory. One noticeable trend is the growing need for sustainable and eco-friendly products and procedures, which is being driven by increased environmental awareness and laws.

“According to the latest research study, the demand of global Injection Molding Market size & share was valued at approximately USD 278.3 Billion in 2023 and is expected to reach USD 285.5 Billion in 2024 and is expected to reach a value of around USD 431.6 Billion by 2033, at a compound annual growth rate (CAGR) of about 5.1% during the forecast period 2024 to 2033.”

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Austin, TX, USA, April 23, 2024 (GLOBE NEWSWIRE) -- Custom Market Insights has published a new research report titled “Injection Molding Market Size, Trends and Insights By Material (Plastics, Metals, Others), By Application (Packaging, Consumables & Electronics, Automotive & Transportation, Building & Construction, Medical, Others) and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2024–2033” in its research database.

Furthermore, there is an increasing desire for product customization and personalization, which is driving the introduction of technologies such as 3D printing and digitalization in injection molding processes. Furthermore, there is a noticeable move towards durable and lightweight materials in industries including automotive and aircraft to increase fuel economy and performance.

Furthermore, the Asia Pacific area provides a competitive edge in terms of cost-effectiveness and labour availability, making it a desirable location for industrial operations such as injection moulding. Lower labour costs, along with technological improvements, have resulted in the growing usage of automation and robots in injection moulding operations, hence increasing efficiency and lowering production costs.

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Injection moulding provides low-cost, customizable options for creating high-quality packaging components that satisfy varied market demands effectively.

In conclusion, the Asia Pacific region’s robust manufacturing ecosystem, cost advantages, growing consumer demand, and supportive policies collectively underpin its significant contribution to driving the injection moulding market forward.

Asia-Pacific was the largest region in the blow-molded plastics market in 2021 and is expected to remain the largest through the forecast period.

Injection moulding is a high-volume production method for plastic components and products. It entails injecting molten material, usually thermoplastic polymers, into a mould cavity at high pressure.

CMI provides a one-stop solution for data collection to investment advice. The expert analysis of our company digs out essential factors that help to understand the significance and impact of market dynamics. The professional experts apply clients inside on the aspects such as strategies for future estimation fall, forecasting or opportunity to grow, and consumer survey.

EVCO Plastics, located in De Forest, Wisconsin, is a well-known manufacturer of injection moulded plastics goods and services. Having a strong focus to quality, innovation, and client satisfaction, have proven a dependable partner for organizations looking for plastic options.

Producing hollow plastic products from thermoplastic materials is a quick manufacturing solution and offers versatile products with broad industrial appeal. Markets include food suppliers, medical and pharmaceutical companies, and others.

In October 2021, Recycler EFS-plastics Inc., a Canada post-consumer plastics recycler with a focus on processing bales of low-value plastics, acquired Exi-Plast Custom Moulding for an undisclosed amount. Through this acquisition, EFS can directly manufacture finished products with high levels of post-consumer recycled plastic for its customers. Exi-Plast Custom Moulding is a Canadian company that provides custom plastic molding services, particularly in blow-molded solutions for designers, manufacturers, and distributors.

Asia Pacific’s thriving manufacturing sector is powered by the existence of a wide range of sectors, including automotive, electronic devices, consumer products and packaging. These sectors rely extensively on injection moulding to produce a wide range of components and products, including sophisticated car parts and electronic housings.

Major types of blow-molded plastics are polypropylene, acrylonitrile butadiene styrene (ABS), polyethylene, polystyrene, polyvinyl chloride PVC, PET, and others. Polypropylene (also known as propane or propylene) is a tough, rigid, crystalline thermoplastic derived from the monomer propane or propylene.

Success stories at the seminar included the biodegradability of proprietary bioplastic material; biopolymer solutions for sustainable agriculture; and a method for measuring biodegradation in compost, fresh and waste waters, soil, and marine environments.

The new facility offers a full-service mold prototyping lab as well as a specialized mold sample and development machine, allowing customers to quickly move from concept through design, prototype, and full production.

Furthermore, the region’s fast growing middle-class population and rising disposable incomes have boosted demand for consumer items and automobiles, increasing the need for injection-moulded components. This rising consumer base has led firms to increase production capacity, driving up demand for injection moulding machines and services.

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Its features include great production efficiency, reproducibility, and the capacity to generate complicated geometries, making it one of the most preferred processes for producing plastic parts.

By application, the packaging segment held the highest market share in 2023 and is expected to keep its dominance during the forecast period 2024-2033. Packaging drives the injection moulding market since it is widely used in a variety of sectors, including food, beverage, healthcare, and consumer products.

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Moreover, supporting government efforts and favourable regulatory policies aimed at fostering manufacturing and industrial growth have helped to grow the injection moulding market in the Asia Pacific region. These measures include incentives for foreign investment, infrastructure development, and talent building programmes, all of which help the injection moulding business prosper.

Polypropylene is used in a variety of applications, including plastic packaging, machinery and equipment parts, and fibers and textiles. Extrusion, injection, and stretch are the various technologies used in blowmolding plastics for packaging, consumables, electronics, automotive and transport, building and construction, medical, and other applications.

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Companies are investing in research and development to produce new industrial plastics to keep up with market competitiveness and meet evolving end-user demands.

CMI has comprehensively analyzed the Global Injection Molding market. The driving forces, restraints, challenges, opportunities, and key trends have been explained in depth to depict an in-depth scenario of the market. Segment wise market size and market share during the forecast period are duly addressed to portray the probable picture of this Global Injection Molding industry.

Custom Market Insights is a market research and advisory company delivering business insights and market research reports to large, small, and medium-scale enterprises. We assist clients with strategies and business policies and regularly work towards achieving sustainable growth in their respective domains.

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