(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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Bruce Adams is an experienced content creator and trade publishing veteran who has written extensively about the plastics, automotive aftermarket, hospitality, tire, rubber, mining, and construction industries.

After investing in a test mold, Greiner Packaging is able to manufacture 500-milliliter thermoformed IML (T-IML) cups with a diameter of 95 millimeters. By switching from injection molding to thermoforming, the cup’s weight was reduced from 15 to 11.4 grams, a 25% reduction, Eisenhuber said.

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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.

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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.

When possible, Greinier Packaging tries to use recycled material, although the use of mechanically recycled material for food applications is limited because of strict approval criteria. Currently, only rPET meets those requirements.

During in-mold labeling, a label is inserted into the thermoforming mold that shapes the product and forms a solid bond with the finished product. Shaping and decoration are performed in a single, efficient process.

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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.

IML typically is used in combination with injection molding technology. The thermoformed IML cups are more sustainable by several measures, according to Philipp Maurer, Key Account Manager at Greiner Packaging. Less plastic is required to produce thermoformed cups, which saves resources and makes the cups lighter and less costly to transfer. This requires fewer carbon dioxide emissions during transport.

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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.

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.

“At Greiner Packaging, we are committed to a circular economy and want to take a broad-based approach to making that happen,” Maurer added. “With our new T-IML cups using less material and being readily recyclable, they encapsulate exactly what we hoped to achieve.”

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.

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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.

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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 company will develop packaging solutions based on the individual needs of its customers to achieve the best protection for its customers’ goods, Eisenhuber said.

Greiner Packaging has developed a technique for thermoforming cups with in-mold labels (IML) that requires less material, is lighter in weight, and is more recyclable than similar IML cups produced via injection molding.

Greiner Packaging’s thermoformed cups with in-mold labels (IML) use less material, are lighter in weight, and easier to recycle than their injection molded counterparts.

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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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.

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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.

Greiner Packaging is a leading European manufacturer of plastic packaging in the food and nonfood sectors. Its two business units include Packaging and Assistec. The Packaging unit focuses on packaging solutions and the Assistec unit is dedicated to producing custom technical parts. Greiner Packaging employs a workforce of almost 4,900 at more than 30 locations in 19 countries worldwide. In 2020, the company generated annual sales revenue of €692 million ($783 million), including joint ventures, which represents approximately 35% of Greiner’s total sales.

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.

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

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

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“Greiner Packaging offers various barrier solutions, which increase protection against oxygen or light and, thus, make food last longer,” Eisenhuber told PlasticsToday. “Our barrier solution of choice is a PP-EVOH-PP combination, which we call multi-barrier technology (MBT). It is hard to make a general statement about how barrier solutions will extend the shelf life of a product," Eisenhuber adds, “as this depends on many factors other than the packaging – such as the filling conditions and the type of filling itself.”

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.

In addition, the sheet used in the thermoforming process to make the cup can be embedded with barrier properties, which can extend the shelf life of packaged food and help reduce food waste, according to Sebastian Eisenhuber, Global Product Group Manager.

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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.

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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.

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.

“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.”

T- IML is an especially high-quality form of packaging decoration, the company said. Matte, rough, glossy, or soft-touch decorative effects can be applied, and the printed content is photo quality and “visually outstanding,” Maurer said. “IML packaging solutions are extremely effective at attracting consumers’ attention at the point of sale.

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.

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.

In addition, the cup and label are made of polypropylene (PP), a mono-material construction that is very easy to recycle. Mono-material solutions also are possible with PET, Eisenhuber told PlasticsToday.

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/

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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.