GITNUX MARKETDATA REPORT 2024

Plastic Injection Molding Industry Statistics

The plastic injection molding industry is expected to grow at a steady rate due to increasing demand in various sectors such as automotive, packaging, and medical devices.

Statistic 1

"North America held a market share of over 20% in the global plastic injection molding industry in 2021."

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Statistic 2

"The U.S. injection molded plastics market size was valued at USD 89.3 billion in 2021."

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Statistic 3

"The global injection molded plastics market is projected to reach USD 374.8 billion by 2027."

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Statistic 4

"The construction segment accounted for approximately 15% of the market share in 2021."

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Statistic 5

"The demand for biodegradable plastics in injection molding is anticipated to grow at a CAGR of 9.1% from 2022 to 2030."

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Statistic 6

"China is the largest manufacturer and exporter of plastic injection molding machinery, holding over 30% of market share."

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Statistic 7

"Asia Pacific accounted for over 40% of the global market share in 2021."

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Statistic 8

"The plastic injection molding process accounts for approximately 32% of the overall plastics processing methods."

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Statistic 9

"By 2027, the automotive sector's demand for plastic injection molding will represent a market worth of USD 140 billion."

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Statistic 10

"The global plastic injection molding market size was valued at USD 258.2 billion in 2021."

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Statistic 11

"Medical devices and components market portion of the plastic injection molding industry is expected to reach USD 36.4 billion by 2027."

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Statistic 12

"The flexible packaging segment is anticipated to witness the fastest growth rate at a CAGR of 5.4% from 2022 to 2030."

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Statistic 13

"The average cycle time for manufacturing a plastic injection molded part ranges from 2 to 60 seconds."

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Statistic 14

"The average cost of a plastic injection mold can range from USD 5,000 to USD 100,000."

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Statistic 15

"The European market for injection molded plastics stood at USD 82.4 billion in 2021."

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Statistic 16

"The electrical and electronics sector accounts for approximately 10% of the plastic injection molding market."

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Statistic 17

"The market is expected to grow at a compound annual growth rate (CAGR) of 4.2% from 2022 to 2030."

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Statistic 18

"Energy savings of up to 30-50% can be achieved through the adoption of electric injection molding machines."

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Statistic 19

"The global demand for injection molded polypropylene is expected to grow due to its application in consumer goods, reaching USD 109.8 billion by 2025."

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Statistic 20

"The automotive industry is one of the largest end-users, consuming nearly 30% of market share."

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