GITNUX REPORT 2024

Global Injection Molding Industry Statistics: Key Market Insights Unveiled

Exploring the Booming Injection Molding Industry: Growth, Trends, and Projections Revealed in Latest Statistics.

Author: Jannik Lindner

First published: 7/17/2024

Statistic 1

The automotive industry accounted for the largest market share of injection molded plastics in 2018.

Statistic 2

The packaging industry accounted for the largest share in the injection molded plastics market in 2019.

Statistic 3

The consumer goods industry accounted for 25% of the total injection molded plastics market in 2019.

Statistic 4

The global injection molding market is expected to reach $496.1 billion by 2025.

Statistic 5

Injection molding machines market size in 2018 was valued at $6.4 billion.

Statistic 6

The medical industry is expected to exhibit significant growth in the injection molding market by 2025.

Statistic 7

The market for injection molding materials was valued at $212 billion in 2019.

Statistic 8

The demand for injection molded parts in the electronics industry is projected to grow at a CAGR of 3.8% from 2020-2025.

Statistic 9

The global injection mold market was valued at $13.19 billion in 2020.

Statistic 10

The global injection molding machine market size is expected to grow at a CAGR of 3.0% from 2020 to 2025.

Statistic 11

The demand for injection molded parts in the construction industry is forecasted to increase at a rate of 4.5% from 2020 to 2025.

Statistic 12

The aerospace industry is expected to witness significant growth in the use of injection molded components by 2025.

Statistic 13

The injection molding industry is projected to witness a growth rate of 4.1% from 2020 to 2027.

Statistic 14

The healthcare industry is expected to drive demand for medical injection molding with a CAGR of 8.4% from 2020 to 2025.

Statistic 15

The electrical and electronics industry is expected to witness a 6.5% CAGR in the demand for injection molded components from 2019 to 2024.

Statistic 16

The agricultural industry is expected to increase its demand for injection molded parts at a CAGR of 3.2% from 2020 to 2025.

Statistic 17

The global market for injection molded parts in the industrial sector was valued at $25.02 billion in 2019.

Statistic 18

Polypropylene is estimated to be the most commonly used material in injection molding applications.

Statistic 19

Asia Pacific dominated the global injection molding market in 2018.

Statistic 20

North America held a significant share in the global injection molding machine market in 2019.

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Summary

  • The global injection molding market is expected to reach $496.1 billion by 2025.
  • The automotive industry accounted for the largest market share of injection molded plastics in 2018.
  • Injection molding machines market size in 2018 was valued at $6.4 billion.
  • The medical industry is expected to exhibit significant growth in the injection molding market by 2025.
  • Asia Pacific dominated the global injection molding market in 2018.
  • The market for injection molding materials was valued at $212 billion in 2019.
  • The demand for injection molded parts in the electronics industry is projected to grow at a CAGR of 3.8% from 2020-2025.
  • Polypropylene is estimated to be the most commonly used material in injection molding applications.
  • The global injection mold market was valued at $13.19 billion in 2020.
  • The packaging industry accounted for the largest share in the injection molded plastics market in 2019.
  • The global injection molding machine market size is expected to grow at a CAGR of 3.0% from 2020 to 2025.
  • The demand for injection molded parts in the construction industry is forecasted to increase at a rate of 4.5% from 2020 to 2025.
  • The aerospace industry is expected to witness significant growth in the use of injection molded components by 2025.
  • The injection molding industry is projected to witness a growth rate of 4.1% from 2020 to 2027.
  • The healthcare industry is expected to drive demand for medical injection molding with a CAGR of 8.4% from 2020 to 2025.

Buckle up, plastic enthusiasts, because the injection molding industry is shaping up to be a lucrative playground of innovation and growth! With the global market projected to hit a whopping $496.1 billion by 2025, its clear that this dynamic sector is not only molding the future but also reshaping industries like automotive, medical, electronics, packaging, and more. From Asia Pacifics dominance to the rise of polypropylene as the go-to material, its a colorful world out there - where even the skys not the limit, as the aerospace industry gears up to soar in injection molded components. So, grab your favorite resin and lets dive into the thrilling stats that are injecting a fresh dose of excitement into the world of molding.

Industry Sector Contributions

  • The automotive industry accounted for the largest market share of injection molded plastics in 2018.
  • The packaging industry accounted for the largest share in the injection molded plastics market in 2019.
  • The consumer goods industry accounted for 25% of the total injection molded plastics market in 2019.

Interpretation

In the ever-evolving world of injection molding, it seems industries are constantly jockeying for the top spot like ambitious rivals in a high-stakes game of musical chairs. The automotive industry strutted its stuff in 2018, claiming the largest slice of the injection molded plastics market pie, only to be dethroned in 2019 by the packaging industry, which snatched the crown with grace and finesse. Meanwhile, the consumer goods industry confidently secured its own considerable chunk, reminding us that in this competitive arena, versatility and adaptability are key. It appears that in the realm of injection molding, industrial power plays are as lively and dynamic as a high-octane race - a game where every industry vies for pole position, each molding its own unique legacy in the colorful landscape of plastic innovation.

Market Size and Growth Projections

  • The global injection molding market is expected to reach $496.1 billion by 2025.
  • Injection molding machines market size in 2018 was valued at $6.4 billion.
  • The medical industry is expected to exhibit significant growth in the injection molding market by 2025.
  • The market for injection molding materials was valued at $212 billion in 2019.
  • The demand for injection molded parts in the electronics industry is projected to grow at a CAGR of 3.8% from 2020-2025.
  • The global injection mold market was valued at $13.19 billion in 2020.
  • The global injection molding machine market size is expected to grow at a CAGR of 3.0% from 2020 to 2025.
  • The demand for injection molded parts in the construction industry is forecasted to increase at a rate of 4.5% from 2020 to 2025.
  • The aerospace industry is expected to witness significant growth in the use of injection molded components by 2025.
  • The injection molding industry is projected to witness a growth rate of 4.1% from 2020 to 2027.
  • The healthcare industry is expected to drive demand for medical injection molding with a CAGR of 8.4% from 2020 to 2025.
  • The electrical and electronics industry is expected to witness a 6.5% CAGR in the demand for injection molded components from 2019 to 2024.
  • The agricultural industry is expected to increase its demand for injection molded parts at a CAGR of 3.2% from 2020 to 2025.
  • The global market for injection molded parts in the industrial sector was valued at $25.02 billion in 2019.

Interpretation

In a world where plastic reigns supreme, the injection molding industry is molding a future worth half a trillion dollars by 2025. From the sleek machines worth billions to the sky-high demand in sectors like medical, electronics, construction, aerospace, and agriculture, it seems like the only direction this industry is heading is up. As the healthcare industry drives a frenzy for medical injection molding, and the electronics sector sparks a digital revolution with molded components, one thing is clear - whether it's saving lives or powering gadgets, injection molding is shaping our world in more ways than we can fathom. So, hold tight, as we ride the wave of this 4.1% growth rate towards a future where even the sky isn't the limit for these molded miracles.

Material Trends

  • Polypropylene is estimated to be the most commonly used material in injection molding applications.

Interpretation

In the colorful world of injection molding, polypropylene reigns supreme like the proverbial king of the plastic jungle. Just as it effortlessly molds into intricate shapes and structures, so too does it dominate the statistics, claiming its throne as the most commonly used material in this dynamic industry. With its versatility and reliability, polypropylene stands as a shining example of innovation and practicality, proving that when it comes to injection molding, sometimes the old faithful tools are still the most powerful.

Regional Market Dynamics

  • Asia Pacific dominated the global injection molding market in 2018.
  • North America held a significant share in the global injection molding machine market in 2019.

Interpretation

In the fierce battleground of injection molding, Asia Pacific proudly waved its flag as the reigning champion in 2018, showcasing dominance like a seasoned pro. Not to be outdone, North America strutted its stuff in 2019, staking its claim as a formidable contender in the high-stakes game of injection molding machines. As these industry giants jockey for position in the market arena, one thing is clear: this is no child's play but a serious business where every region vies for supremacy with precision and finesse.

References