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 Snapshot
| Study Period: | 2024-2033 |
| Fastest Growing Market: | Asia-Pacific |
| Largest Market: | Europe |
Major Players
- Haitian International Holdings Ltd.
- Sumitomo Heavy Industries
- Engel Austria GmbH
- The Japan Steel Works Ltd.
- Others
Reports Description
Global Injection Molding Market was valued at USD 285.5 Billion in 2024 and is expected to reach USD 431.6 Billion by 2033, at a CAGR of 5.1% during the forecast period 2024 – 2033.
Injection moulding is a large-scale production procedure for plastic products. It entails injecting molten material, usually thermoplastic or thermosetting polymers, into a mould cavity at high pressure. Injection moulding is widely used in a variety of sectors to produce detailed and precise plastic components because of its great efficiency, precision, and adaptability.
Injection Molding Market: Growth Factors
Increasing demand from medical sector
The increasing demand in the packaging industry is a major driver of the injection moulding market’s growth. As customer tastes shift towards convenient and ecological packaging solutions, injection moulding emerges as a key technology. Its adaptability enables the creation of a wide range of package designs, meeting the changing market demands.
Furthermore, injection moulding is a low-cost manufacturing technology that allows for the large-scale manufacture of high-quality, customised packaging. With a growing emphasis on environmentally friendly materials, injection moulding enables the utilisation of recyclable and biodegradable polymers, which aligns with sustainability goals.
This collaboration between injection moulding technology and the packaging sector promotes innovation, efficiency, and environmental concern, resulting in market development to fulfil the growing need for diversified, sustainable packaging solutions.
For instance, Natech specialises in the engineering and manufacture of injection moulded packaging. Produced hundreds of innovations and produced millions of parts for the medical sector each year. Medical devices encompass point-of-care diagnostics, microfluidics, and pharmaceutical medication delivery usage.
Demand for plastic resins drive market growth
Plastic resin demand has a significant impact on the injection moulding market. Plastic resins are the principal raw material used in injection moulding, hence changes in resin demand have a direct influence on the sector.
Rising demand for plastic resins, fuelled by industry expansion, customer preferences, and technical improvements, drives the injection moulding market. This demand drives up production volumes and income for injection moulding firms, which serve a variety of industries including automobile packaging, electronic devices, and healthcare.
Furthermore, advancements in plastic resin formulas, such as lightweight and durable materials, drive the injection moulding industry by boosting application options. As a result, the injection moulding market’s expansion path closely tracks the dynamics of plastic resin consumption, making it critical for industry participants to monitor and adapt to market trends.
For instance, A modest increase in demand for plastic packaging items is projected to increase, as consumers hurry to stock up ahead of price increases caused by increasing resin costs. However, the utilization rate of plastic packaging items is likely to remain range restricted and mediocre around 50% to 65%.
Injection Molding Market: Restraints
High maintenance cost of machine
The injection moulding market may encounter hurdles if high equipment maintenance costs impede its growth trajectory. These expenditures might result from repeated repairs, the replacement of worn-out parts, and downtime for maintenance operations.
These expenses not only strain firms’ financial resources but also interrupt production schedules, resulting in delays in order fulfilment and the potential loss of clients to competitors. Furthermore, high maintenance costs may discourage new investors from entering the market or extending existing operations, restricting overall industry growth.
To address these issues, producers may consider investing in sophisticated technologies for predictive maintenance, creating effective maintenance schedules, and optimizing machine utilisation to increase equipment longevity.
Injection Molding Market: Opportunities
Growing demand for minimally invasive surgeries
The increasing need for minimally invasive surgeries has fuelled the expansion of injection moulding in the marketplace owing to its role in manufacturing precise and intricate medical devices. Injection moulding facilitates the manufacture of small, complicated components for minimally invasive surgical tools and equipment.
These components, including catheters, syringes, and surgical equipment, require precise and consistent results, which injection moulding technology can provide. As patients’ preferences for minimally invasive treatments grow due to benefits such as quicker recovery periods and less trauma, so does the need for medical equipment created using injection moulding.
This tendency encourages innovation in injection moulding processes, materials, and equipment designed to suit the medical industry’s strict criteria, hence propelling market growth. For instance, Metal injection moulding is used to create components for endoscopic equipment such as biopsy forceps, graspers, and other instruments used in minimally invasive procedures.
The fast progress of minimally invasive surgery will result in significant changes in interventional therapy. MIM modules are also utilised in surgical staplers for numerous surgical operations. These components require great strength, accuracy, and sterilisation resistance, which may be delivered using the metal injection moulding technique.
Injection Molding Market: Segmentation Analysis
The global Injection Molding market is segmented by material, application, and region. Based on material, the market is classified into plastics, metals, and others. Plastics dominated the market in 2023 with a market share of 85% and are expected to keep their dominance during the forecast period 2024-2033.
Plastics are the principal materials used in injection moulding, a manufacturing method that is essential to many sectors, including automotive, packaging, electronics, and consumer products. Plastics’ adaptability, durability, and cost-effectiveness propel the injection moulding sector forward.
Industries like plastics because they are mouldable, allowing elaborate patterns and forms to be manufactured with great precision and consistency. Furthermore, plastics have a wide range of qualities, such as durability, adaptability, and resistance to corrosion and chemical compounds, making them appropriate for a variety of applications.
Injection moulding enables quick mass manufacturing, which meets the demand for huge numbers of plastic components or goods. Furthermore, breakthroughs in polymer research have led to the creation of novel plastic materials with increased properties, increasing the scope of injection moulding.
Based on application, the market is classified into packaging, consumables & electronics, automotive & transportation, building & construction, medical and others. Packaging dominated the market in 2023 with a market share of 35% and is expected to keep its dominance during the forecast period 2024-2033.
Packaging plays an important role in propelling the injection moulding industry through a variety of variables. The need for packaging solutions, which include containers, bottles, and caps, drives the requirement for injection-moulded items. These packing components must be precisely moulded to fulfil certain size, shape, and durability specifications.
Furthermore, advances in package design, such as lightweight and barrier qualities, spur innovation in injection moulding processes, resulting in efficient and cost-effective packaging solutions.
Furthermore, the growing emphasis on sustainability encourages the development of environmentally friendly packaging materials, which drives consumer interest in injection-moulded biodegradable and recyclable goods.
The injection moulding market answers to these expectations by providing customisable solutions that meet the different packaging needs of industries such as food and beverage, medical care, and consumer products, driving its development and evolution.
Report Scope
| Feature of the Report | Details |
| Market Size in 2024 | USD 285.5 Billion |
| Projected Market Size in 2033 | USD 431.6 Billion |
| Market Size in 2023 | USD 278.3 Billion |
| CAGR Growth Rate | 5.1% CAGR |
| Base Year | 2023 |
| Forecast Period | 2024-2033 |
| Key Segment | By Material, Application, End User and Region |
| Report Coverage | Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends |
| Regional Scope | North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America |
| Buying Options | Request tailored purchasing options to fulfil your requirements for research. |
Injection Molding Market: Regional Insight
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.
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.
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.
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.
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.
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.
Injection Molding Market: Recent Developments
- In November 2020, ALPLA and International Dispensing (IDC) collaborated to migrate International Dispensing’s production platform to ALPLA’s injection moulding factory in Toluca, Mexico.
- In October 2020, AptarGroup Inc. forged a strategic partnership with Fusion Packaging, responding to the surging market demand for swift beauty solutions featuring distinctive design elements and decorative options. This collaboration aimed to address evolving consumer preferences for innovative packaging solutions in the beauty industry.
- In February 2020, Silgan Holdings Inc. completed the acquisition of Cobra Plastics, a renowned manufacturer specializing in injection moulded plastics. This acquisition bolstered Silgan’s portfolio and reinforced its position in the market, enabling the company to offer a broader range of high-quality packaging solutions to its diverse clientele.
List of the prominent players in the Injection Molding Market:
- Haitian International Holdings Ltd.
- Sumitomo Heavy Industries
- Engel Austria GmbH
- The Japan Steel Works Ltd.
- Arburg GmbH + Co KG
- Husky Injection Molding Systems Ltd.
- Milacron Holdings Corp.
- KraussMaffei Group GmbH
- Nissei Plastic Industrial Co. Ltd.
- Toshiba Machine Co. Ltd.
- Demag Plastics Group
- Chen Hsong Holdings Limited
- Dakumar Machinery Co. Ltd.
- UBE Machinery Inc.
- Wittmann Battenfeld Group
- Mitsubishi Heavy Industries Plastic Technology Co. Ltd.
- Fanuc Corporation
- Negri Bossi Group
- Milacron LLC
- Dongshin Hydraulic Co. Ltd.
- Others
These key players are adopting various growth strategies such as mergers & acquisitions, joint ventures, expansion, strategic alliances, new product launches, etc. to enhance their business operations and revenues.
The Injection Molding Market is segmented as follows:
By Material
- Plastics
- Metals
- Others
By Application
- Packaging
- Consumables & Electronics
- Automotive & Transportation
- Building & Construction
- Medical
- Others
Regional Coverage:
North America
- U.S.
- Canada
- Mexico
- Rest of North America
Europe
- Germany
- France
- U.K.
- Russia
- Italy
- Spain
- Netherlands
- Rest of Europe
Asia Pacific
- China
- Japan
- India
- New Zealand
- Australia
- South Korea
- Taiwan
- Rest of Asia Pacific
The Middle East & Africa
- Saudi Arabia
- UAE
- Egypt
- Kuwait
- South Africa
- Rest of the Middle East & Africa
Latin America
- Brazil
- Argentina
- Rest of Latin America
Table of Contents
- Chapter 1. Preface
- 1.1 Report Description and Scope
- 1.2 Research scope
- 1.3 Research methodology
- 1.3.1 Market Research Type
- 1.3.2 Market Research Methodology
- Chapter 2. Executive Summary
- 2.1 Global Injection Molding Market, (2024 – 2033) (USD Billion)
- 2.2 Global Injection Molding Market: snapshot
- Chapter 3. Global Injection Molding Market – Industry Analysis
- 3.1 Injection Molding Market: Market Dynamics
- 3.2 Market Drivers
- 3.2.1 Increasing demand from Medical sector
- 3.2.2 Demand for plastic resins drive market growth
- 3.3 Market Restraints
- 3.4 Market Opportunities
- 3.5 Market Challenges
- 3.6 Porter’s Five Forces Analysis
- 3.7 Market Attractiveness Analysis
- 3.7.1 Market Attractiveness Analysis By Material
- 3.7.2 Market Attractiveness Analysis By Application
- Chapter 4. Global Injection Molding Market- Competitive Landscape
- 4.1 Company market share analysis
- 4.1.1 Global Injection Molding Market: Company Market Share, 2024
- 4.2 Strategic development
- 4.2.1 Acquisitions & mergers
- 4.2.2 New Product launches
- 4.2.3 Agreements, partnerships, cullaborations, and joint ventures
- 4.2.4 Research and development and Regional expansion
- 4.3 Price trend analysis
- 4.1 Company market share analysis
- Chapter 5. Global Injection Molding Market – Material Analysis
- 5.1 Global Injection Molding Market Overview: By Material
- 5.1.1 Global Injection Molding Market Share, By Material, 2024 and – 2033
- 5.2 Plastics
- 5.2.1 Global Injection Molding Market by Plastics, 2024 – 2033 (USD Billion)
- 5.3 Metals
- 5.3.1 Global Injection Molding Market by Metals, 2024 – 2033 (USD Billion)
- 5.4 Others
- 5.4.1 Global Injection Molding Market by Others, 2024 – 2033 (USD Billion)
- 5.1 Global Injection Molding Market Overview: By Material
- Chapter 6. Global Injection Molding Market – Application Analysis
- 6.1 Global Injection Molding Market Overview: By Application
- 6.1.1 Global Injection Molding Market Share, By Application, 2024 and – 2033
- 6.2 Packaging
- 6.2.1 Global Injection Molding Market by Packaging, 2024 – 2033 (USD Billion)
- 6.3 Consumables & Electronics
- 6.3.1 Global Injection Molding Market by Consumables & Electronics, 2024 – 2033 (USD Billion)
- 6.4 Automotive & Transportation
- 6.4.1 Global Injection Molding Market by Automotive & Transportation, 2024 – 2033 (USD Billion)
- 6.5 Building & Construction
- 6.5.1 Global Injection Molding Market by Building & Construction, 2024 – 2033 (USD Billion)
- 6.6 Medical
- 6.6.1 Global Injection Molding Market by Medical, 2024 – 2033 (USD Billion)
- 6.7 Others
- 6.7.1 Global Injection Molding Market by Others, 2024 – 2033 (USD Billion)
- 6.1 Global Injection Molding Market Overview: By Application
- Chapter 7. Injection Molding Market – Regional Analysis
- 7.1 Global Injection Molding Market Regional Overview
- 7.2 Global Injection Molding Market Share, by Region, 2024 & – 2033 (USD Billion)
- 7.3. North America
- 7.3.1 North America Injection Molding Market, 2024 – 2033 (USD Billion)
- 7.3.1.1 North America Injection Molding Market, by Country, 2024 – 2033 (USD Billion)
- 7.3.1 North America Injection Molding Market, 2024 – 2033 (USD Billion)
- 7.4 North America Injection Molding Market, by Material, 2024 – 2033
- 7.4.1 North America Injection Molding Market, by Material, 2024 – 2033 (USD Billion)
- 7.5 North America Injection Molding Market, by Application, 2024 – 2033
- 7.5.1 North America Injection Molding Market, by Application, 2024 – 2033 (USD Billion)
- 7.6. Europe
- 7.6.1 Europe Injection Molding Market, 2024 – 2033 (USD Billion)
- 7.6.1.1 Europe Injection Molding Market, by Country, 2024 – 2033 (USD Billion)
- 7.6.1 Europe Injection Molding Market, 2024 – 2033 (USD Billion)
- 7.7 Europe Injection Molding Market, by Material, 2024 – 2033
- 7.7.1 Europe Injection Molding Market, by Material, 2024 – 2033 (USD Billion)
- 7.8 Europe Injection Molding Market, by Application, 2024 – 2033
- 7.8.1 Europe Injection Molding Market, by Application, 2024 – 2033 (USD Billion)
- 7.9. Asia Pacific
- 7.9.1 Asia Pacific Injection Molding Market, 2024 – 2033 (USD Billion)
- 7.9.1.1 Asia Pacific Injection Molding Market, by Country, 2024 – 2033 (USD Billion)
- 7.9.1 Asia Pacific Injection Molding Market, 2024 – 2033 (USD Billion)
- 7.10 Asia Pacific Injection Molding Market, by Material, 2024 – 2033
- 7.10.1 Asia Pacific Injection Molding Market, by Material, 2024 – 2033 (USD Billion)
- 7.11 Asia Pacific Injection Molding Market, by Application, 2024 – 2033
- 7.11.1 Asia Pacific Injection Molding Market, by Application, 2024 – 2033 (USD Billion)
- 7.12. Latin America
- 7.12.1 Latin America Injection Molding Market, 2024 – 2033 (USD Billion)
- 7.12.1.1 Latin America Injection Molding Market, by Country, 2024 – 2033 (USD Billion)
- 7.12.1 Latin America Injection Molding Market, 2024 – 2033 (USD Billion)
- 7.13 Latin America Injection Molding Market, by Material, 2024 – 2033
- 7.13.1 Latin America Injection Molding Market, by Material, 2024 – 2033 (USD Billion)
- 7.14 Latin America Injection Molding Market, by Application, 2024 – 2033
- 7.14.1 Latin America Injection Molding Market, by Application, 2024 – 2033 (USD Billion)
- 7.15. The Middle-East and Africa
- 7.15.1 The Middle-East and Africa Injection Molding Market, 2024 – 2033 (USD Billion)
- 7.15.1.1 The Middle-East and Africa Injection Molding Market, by Country, 2024 – 2033 (USD Billion)
- 7.15.1 The Middle-East and Africa Injection Molding Market, 2024 – 2033 (USD Billion)
- 7.16 The Middle-East and Africa Injection Molding Market, by Material, 2024 – 2033
- 7.16.1 The Middle-East and Africa Injection Molding Market, by Material, 2024 – 2033 (USD Billion)
- 7.17 The Middle-East and Africa Injection Molding Market, by Application, 2024 – 2033
- 7.17.1 The Middle-East and Africa Injection Molding Market, by Application, 2024 – 2033 (USD Billion)
- Chapter 8. Company Profiles
- 8.1 Haitian International Holdings Ltd.
- 8.1.1 Overview
- 8.1.2 Financials
- 8.1.3 Product Portfolio
- 8.1.4 Business Strategy
- 8.1.5 Recent Developments
- 8.2 Sumitomo Heavy Industries
- 8.2.1 Overview
- 8.2.2 Financials
- 8.2.3 Product Portfolio
- 8.2.4 Business Strategy
- 8.2.5 Recent Developments
- 8.3 Engel Austria GmbH
- 8.3.1 Overview
- 8.3.2 Financials
- 8.3.3 Product Portfolio
- 8.3.4 Business Strategy
- 8.3.5 Recent Developments
- 8.4 The Japan Steel Works Ltd.
- 8.4.1 Overview
- 8.4.2 Financials
- 8.4.3 Product Portfolio
- 8.4.4 Business Strategy
- 8.4.5 Recent Developments
- 8.5 Arburg GmbH + Co KG
- 8.5.1 Overview
- 8.5.2 Financials
- 8.5.3 Product Portfolio
- 8.5.4 Business Strategy
- 8.5.5 Recent Developments
- 8.6 Husky Injection Molding Systems Ltd.
- 8.6.1 Overview
- 8.6.2 Financials
- 8.6.3 Product Portfolio
- 8.6.4 Business Strategy
- 8.6.5 Recent Developments
- 8.7 Milacron Holdings Corp.
- 8.7.1 Overview
- 8.7.2 Financials
- 8.7.3 Product Portfolio
- 8.7.4 Business Strategy
- 8.7.5 Recent Developments
- 8.8 KraussMaffei Group GmbH
- 8.8.1 Overview
- 8.8.2 Financials
- 8.8.3 Product Portfolio
- 8.8.4 Business Strategy
- 8.8.5 Recent Developments
- 8.9 Nissei Plastic Industrial Co. Ltd.
- 8.9.1 Overview
- 8.9.2 Financials
- 8.9.3 Product Portfolio
- 8.9.4 Business Strategy
- 8.9.5 Recent Developments
- 8.10 Toshiba Machine Co. Ltd.
- 8.10.1 Overview
- 8.10.2 Financials
- 8.10.3 Product Portfolio
- 8.10.4 Business Strategy
- 8.10.5 Recent Developments
- 8.11 Demag Plastics Group
- 8.11.1 Overview
- 8.11.2 Financials
- 8.11.3 Product Portfolio
- 8.11.4 Business Strategy
- 8.11.5 Recent Developments
- 8.12 Chen Hsong Holdings Limited
- 8.12.1 Overview
- 8.12.2 Financials
- 8.12.3 Product Portfolio
- 8.12.4 Business Strategy
- 8.12.5 Recent Developments
- 8.13 Dakumar Machinery Co. Ltd.
- 8.13.1 Overview
- 8.13.2 Financials
- 8.13.3 Product Portfolio
- 8.13.4 Business Strategy
- 8.13.5 Recent Developments
- 8.14 UBE Machinery Inc.
- 8.14.1 Overview
- 8.14.2 Financials
- 8.14.3 Product Portfolio
- 8.14.4 Business Strategy
- 8.14.5 Recent Developments
- 8.15 Wittmann Battenfeld Group
- 8.15.1 Overview
- 8.15.2 Financials
- 8.15.3 Product Portfolio
- 8.15.4 Business Strategy
- 8.15.5 Recent Developments
- 8.16 Mitsubishi Heavy Industries Plastic Technology Co. Ltd.
- 8.16.1 Overview
- 8.16.2 Financials
- 8.16.3 Product Portfolio
- 8.16.4 Business Strategy
- 8.16.5 Recent Developments
- 8.17 Fanuc Corporation
- 8.17.1 Overview
- 8.17.2 Financials
- 8.17.3 Product Portfolio
- 8.17.4 Business Strategy
- 8.17.5 Recent Developments
- 8.18 Negri Bossi Group
- 8.18.1 Overview
- 8.18.2 Financials
- 8.18.3 Product Portfolio
- 8.18.4 Business Strategy
- 8.18.5 Recent Developments
- 8.19 Milacron LLC
- 8.19.1 Overview
- 8.19.2 Financials
- 8.19.3 Product Portfolio
- 8.19.4 Business Strategy
- 8.19.5 Recent Developments
- 8.20 Dongshin Hydraulic Co. Ltd.
- 8.20.1 Overview
- 8.20.2 Financials
- 8.20.3 Product Portfolio
- 8.20.4 Business Strategy
- 8.20.5 Recent Developments
- 8.21 Others.
- 8.21.1 Overview
- 8.21.2 Financials
- 8.21.3 Product Portfolio
- 8.21.4 Business Strategy
- 8.21.5 Recent Developments
- 8.1 Haitian International Holdings Ltd.
List Of Figures
Figures No 1 to 23
List Of Tables
Tables No 1 to 52
Report Methodology
In order to get the most precise estimates and forecasts possible, Custom Market Insights applies a detailed and adaptive research methodology centered on reducing deviations. For segregating and assessing quantitative aspects of the market, the company uses a combination of top-down and bottom-up approaches. Furthermore, data triangulation, which examines the market from three different aspects, is a recurring theme in all of our research reports. The following are critical components of the methodology used in all of our studies:
Preliminary Data Mining
On a broad scale, raw market information is retrieved and compiled. Data is constantly screened to make sure that only substantiated and verified sources are taken into account. Furthermore, data is mined from a plethora of reports in our archive and also a number of reputed & reliable paid databases. To gain a detailed understanding of the business, it is necessary to know the entire product life cycle and to facilitate this, we gather data from different suppliers, distributors, and buyers.
Surveys, technological conferences, and trade magazines are used to identify technical issues and trends. Technical data is also gathered from the standpoint of intellectual property, with a focus on freedom of movement and white space. The dynamics of the industry in terms of drivers, restraints, and valuation trends are also gathered. As a result, the content created contains a diverse range of original data, which is then cross-validated and verified with published sources.
Statistical Model
Simulation models are used to generate our business estimates and forecasts. For each study, a one-of-a-kind model is created. Data gathered for market dynamics, the digital landscape, development services, and valuation patterns are fed into the prototype and analyzed concurrently. These factors are compared, and their effect over the projected timeline is quantified using correlation, regression, and statistical modeling. Market forecasting is accomplished through the use of a combination of economic techniques, technical analysis, industry experience, and domain knowledge.
Short-term forecasting is typically done with econometric models, while long-term forecasting is done with technological market models. These are based on a synthesis of the technological environment, legal frameworks, economic outlook, and business regulations. Bottom-up market evaluation is favored, with crucial regional markets reviewed as distinct entities and data integration to acquire worldwide estimates. This is essential for gaining a thorough knowledge of the industry and ensuring that errors are kept to a minimum.
Some of the variables taken into account for forecasting are as follows:
• Industry drivers and constraints, as well as their current and projected impact
• The raw material case, as well as supply-versus-price trends
• Current volume and projected volume growth through 2032
We allocate weights to these variables and use weighted average analysis to determine the estimated market growth rate.
Primary Validation
This is the final step in our report’s estimating and forecasting process. Extensive primary interviews are carried out, both in-person and over the phone, to validate our findings and the assumptions that led to them.
Leading companies from across the supply chain, including suppliers, technology companies, subject matter experts, and buyers, use techniques like interviewing to ensure a comprehensive and non-biased overview of the business. These interviews are conducted all over the world, with the help of local staff and translators, to overcome language barriers.
Primary interviews not only aid with data validation, but also offer additional important insight into the industry, existing business scenario, and future projections, thereby improving the quality of our reports.
All of our estimates and forecasts are validated through extensive research work with key industry participants (KIPs), which typically include:
• Market leaders
• Suppliers of raw materials
• Suppliers of raw materials
• Buyers.
The following are the primary research objectives:
• To ensure the accuracy and acceptability of our data.
• Gaining an understanding of the current market and future projections.
Data Collection Matrix
| Perspective | Primary research | Secondary research |
| Supply-side |
|
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| Demand-side |
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Market Analysis Matrix
| Qualitative analysis | Quantitative analysis |
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Prominent Player
- Haitian International Holdings Ltd.
- Sumitomo Heavy Industries
- Engel Austria GmbH
- The Japan Steel Works Ltd.
- Arburg GmbH + Co KG
- Husky Injection Molding Systems Ltd.
- Milacron Holdings Corp.
- KraussMaffei Group GmbH
- Nissei Plastic Industrial Co. Ltd.
- Toshiba Machine Co. Ltd.
- Demag Plastics Group
- Chen Hsong Holdings Limited
- Dakumar Machinery Co. Ltd.
- UBE Machinery Inc.
- Wittmann Battenfeld Group
- Mitsubishi Heavy Industries Plastic Technology Co. Ltd.
- Fanuc Corporation
- Negri Bossi Group
- Milacron LLC
- Dongshin Hydraulic Co. Ltd.
- Others
FAQs
The restraints of the Injection Molding market is high maintenance cost of machine.
The major driver for the Injection Molding market is increasing demand from medical sector and demand for plastic resins drive market growth.
The “Packaging” had the largest share in the global market for Injection Molding.
The key players in the market are Haitian International Holdings Ltd., Sumitomo Heavy Industries, Engel Austria GmbH, The Japan Steel Works Ltd. , Arburg GmbH + Co KG, Husky Injection Molding Systems Ltd., Milacron Holdings Corp. , KraussMaffei Group GmbH, Nissei Plastic Industrial Co. Ltd., Toshiba Machine Co. Ltd. , Demag Plastics Group , Chen Hsong Holdings Limited, Dakumar Machinery Co. Ltd., UBE Machinery Inc., Wittmann Battenfeld Group, Mitsubishi Heavy Industries Plastic Technology Co. Ltd., Fanuc Corporation, Negri Bossi Group, Milacron LLC , Dongshin Hydraulic Co. Ltd., Others.
“Asia-Pacific” had the largest share in the Injection Molding Market.
The global market is projected to grow at a CAGR of 5.1% during the forecast period, 2024-2033.
The Injection Molding Market size was valued at USD 285.5 Billion in 2024.