Injection Molded Plastics Market Size, Share and Rapid Growth Expected to Reach $420.5 Billion with 5.78% CAGR by 2028

Over the forecast period, the global Injection Molded Plastics Market is expected to grow at a compound annual growth rate (CAGR) of 5.78%. (2021-2028)

Demand from key automotive, packaging, and construction applications is expected to drive growth. Because of the growing demand for plastic products, major foreign companies are expanding their regional production capabilities. Government assistance in the form of tax breaks and financial incentives in China and India to increase FDI flow has aided in developing these countries’ plastics markets. High-density Polyethylene (HDPE) is widely used in thin wall injection moulding in packaging applications. Growing demand for food, bin liners, and thing gauge bags will drive segment growth throughout the forecast period. Rising injection-molded HDPE penetration in shipping containers, industrial pails, and houseware applications is expected to drive demand over the forecast period.

The COVID-19 pandemic has impacted revenue generation for market participants due to a halt or slowdown in production facilities. As a result, businesses are focusing on increasing their resources and production capabilities to aid in the fight against the pandemic. However, the market is now thought to have returned to pre-pandemic levels. The accelerating use of consumer goods and electronics and rising demand from the packaging industry are major factors driving the market studied. The adoption of lightweight and electric vehicles is expected to provide numerous lucrative opportunities for market growth.

Download Sample Copy with TOC: https://www.marketresearchfuture.com/sample_request/5539

The injection moulded plastic market is expanding due to the rising demand for moulded plastics in various end-user industries. The injection moulding process allows for the mass production of plastic goods with high efficiency and minimal resource waste. As a result, its market share is growing due to its low production costs and high reproducibility. Furthermore, advancements in moulding technology will undoubtedly benefit the injection moulding industry and drive market growth.

Market segmentation:

Raw materials and applications segment the worldwide injection moulded plastic market.

In terms of raw materials:

• Acrylonitrile butadiene styrene (ABS)
• Polypropylene
• Polystyrene
• Polyethylene

By way of application:

• Electronics & Consumer Goods
• Automotive & Transportation
• Packaging
• Medical
• Building & Construction
• Others

Buy Now Our Premium Research Report: https://www.marketresearchfuture.com/checkout?currency=one_user-USD&report_id=5539

Regional analysis: 

In 2021, Asia Pacific led the global market, accounting for more than 39% of the total. Increased infrastructure spending and rising automobile demand in China, India, Indonesia, and Malaysia are expected to drive regional market penetration. Due to low labour costs, major end-use industries such as electronics and automobiles are shifting their manufacturing base to countries such as India, China, Indonesia, and Thailand. Furthermore, government incentives in tax breaks are available to manufacturers in these regions.

Over the forecast period, these factors are expected to drive regional product demand. Europe is also a significant market. Increasing demand for electronic appliances, such as laptops and cell phones, is expected to drive demand from the consumables and electronics application sector, particularly in the United Kingdom, Germany, and France. The expansion of the European automobile industry is also expected to drive regional demand over the forecast period.

Recent developments:

• Silgan Holdings paid USD 485 million for Gateway Plastic in October 2021. Gateway Plastics is a company that manufactures and sells dispensing closures and integrated dispensing packaging solutions.
• In September 2020, ALPLA decided to acquire an Amcor PLC facility in Pune, Western India, that produces PET bottles, expanding its product portfolio.

Access the Full Report Summary: https://www.marketresearchfuture.com/reports/injection-molded-plastic-market-5539

Related Report

Plastic Compounding Market: Information By Product (Polypropylene, Polyethylene, Polyvinyl Chloride, Polyethylene Terephthalate and Others), By Application (Automotive, Electrical & Electronics, Building & Construction) – Forecast till 2030

Commodity Plastic Market Information – By Type (Polyethylene, Polypropylene, Polypropylene, Polyethylene Terephthalate, Polystyrene and Others), By Application (Packaging, Consumer Goods, Electronics, Automotive, Textile, Pharmaceuticals and Others) – Forecast to 2030

Injection Molded Plastics Market: Information by Type (Polypropylene, ABS, ASA, SAN, HDPE, LDPE, LLDPE, Polystyrene, Polycarbonate, PEEK, PET, Polyurethane Thermoplastics, and Others), Application(Packaging, Consumables & Electronics, Automotive & Transportation, Building & Construction, Medical, And Others), and Region—Forecast till 2030

Plastic Compounding Market: Information By Product (Polypropylene, Polyethylene, Polyvinyl Chloride, Polyethylene Terephthalate and Others), By Application (Automotive, Electrical & Electronics, Building & Construction) – Forecast till 2030

About Market Research Future:

Market Research Future (MRFR) is a global market research company that takes pride in its services, offering a complete and accurate analysis with regard to diverse markets and consumers worldwide. Market Research Future has the distinguished objective of providing the optimal quality research and granular research to clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help answer your most important questions.

Contact Data

Market Research Future (Part of Wantstats Research and Media Private Limited)

99 Hudson Street, 5Th Floor

New York, NY 10013

United States of America

+1 628 258 0071 (US)

+44 2035 002 764 (UK)

Email: [email protected]

Website: https://www.marketresearchfuture.com

Tags: Injection Molded Plastics Market, Injection Moulding Business Scope, Injection Molded Plastics See Campaign: https://www.marketresearchfuture.com/reports/injection-molded-plastic-market-5539

Contact Information:

Contact Data Market Research Future (Part of Wantstats Research and Media Private Limited) 99 Hudson Street, 5Th Floor New York, NY 10013 United States of America +1 628 258 0071 (US) +44 2035 002 764 (UK) Email: [email protected] Website: https://www.marketresearchfuture.com

Tags:
PR-Wirein, Wire, Research Newswire, English