The Latest Plastic Injection Molding Industry Statistics Explained
The global injection molded plastics market size was valued at USD 258.2 billion in 2019.
The statistic provided indicates that the global injection molded plastics market generated a revenue of USD 258.2 billion in the year 2019. This figure represents the total value of sales within the industry for that year. Injection molding is a manufacturing process in which molten material is injected into a mold to create various plastic products. The market size value serves as an important metric to understand the scale and economic significance of the injection molded plastics industry on a global level. This information can be used by businesses, policymakers, and investors to make informed decisions and projections about the industry’s growth and potential opportunities.
Plastic injection molding industry will register a revenue of about USD 233.08 billion by the end of 2023.
The statistic indicates the projected revenue expectations for the plastic injection molding industry, forecasting that it will reach approximately USD 233.08 billion by the end of 2023. This figure serves as a financial insight into the anticipated growth and economic performance of the industry within the specified timeframe. Factors such as increasing demand for plastic products across various sectors, technological advancements in injection molding processes, and expanding market opportunities are likely contributing to this projected revenue growth. The statistic provides valuable information for industry stakeholders, investors, policymakers, and other interested parties to understand the economic landscape and potential opportunities within the plastic injection molding sector.
The packaging sector accounted for the largest market share of more than 30% in 2020 in the plastic injection molding industry.
The statistic indicates that in 2020, the packaging sector held the highest proportion of market share within the plastic injection molding industry, representing over 30% of the total market. This suggests that plastic injection molding activities were predominantly driven by the demand for plastic products used in packaging applications such as containers, bottles, and other packaging materials. The significant market share of the packaging sector highlights its importance and dominance within the plastic injection molding industry, showcasing a strong influence on the overall market dynamics and trends in 2020.
The Asia-Pacific plastic injection molding machine market is projected to register a CAGR of 2.8% during the forecast period (2020-2025).
The statistic indicates that the Asia-Pacific plastic injection molding machine market is expected to experience a Compound Annual Growth Rate (CAGR) of 2.8% over the forecast period of 2020-2025. This suggests that the market for plastic injection molding machines in the Asia-Pacific region is anticipated to gradually expand at an average annual rate of 2.8% during the specified time frame. This growth rate reflects the trends and dynamics within the industry, including factors such as technological advancements, industry demand, economic conditions, and other market influences that are likely to drive the market forward in the coming years.
In North America, demand for plastic injection molding is primarily driven by packaging and medical industries.
The statistic that demand for plastic injection molding in North America is primarily driven by the packaging and medical industries indicates that these two sectors are the main contributors to the need for plastic components manufactured through this process. Plastic injection molding involves creating plastic parts by injecting molten material into a mold under high pressure. The packaging industry requires a wide range of plastic products such as bottles, containers, and caps, while the medical industry relies on precision plastic components for devices, equipment, and packaging. The robust demand from these industries underscores the versatility and widespread applications of plastic injection molding technology in fulfilling the specific needs of each sector.
Automotive sector holds second largest share in the plastic injection molding industry.
This statistic indicates that among all the industries utilizing plastic injection molding processes, the automotive sector comes in second in terms of market share. This means that there is a significant demand for plastic components in the automotive industry that are produced through injection molding techniques. The ranking suggests that the automotive sector is a key player in the plastic injection molding industry, highlighting the importance of this manufacturing process in meeting the specific needs of automobile manufacturers for various parts and components. Overall, this statistic underscores the significant role that the automotive industry plays in driving growth and innovation within the plastic injection molding sector.
Integration of 3D printing with plastic injection molding is a significant trend observed in the market.
The statistic “Integration of 3D printing with plastic injection molding is a significant trend observed in the market” indicates that there is a growing practice of combining 3D printing technology with traditional plastic injection molding processes within the manufacturing industry. This integration allows for the benefits of both techniques to be leveraged, such as rapid prototyping and customization offered by 3D printing, and the cost-effectiveness and scalability of plastic injection molding. By merging these technologies, manufacturers can achieve greater efficiency, flexibility, and innovation in their production processes, ultimately leading to improved product development and market competitiveness. This emerging trend highlights the increasing synergy between additive manufacturing and traditional manufacturing methods in meeting the evolving demands of the market.
The global plastic injection molding for medical device market is expected to reach USD 1.9 billion by 2025.
This statistic indicates that the market size for plastic injection molding in the medical device industry is projected to grow significantly, reaching a value of USD 1.9 billion by the year 2025. This suggests a rising demand for medical devices manufactured through plastic injection molding processes, which involves melting plastic material and injecting it into a mold to produce intricate and precise components. Factors driving this market growth could include advancements in medical technology, increasing prevalence of chronic diseases requiring medical devices, and a shift towards more cost-effective and efficient manufacturing processes. This projection highlights opportunities for businesses operating in the plastic injection molding sector to capitalize on the expanding market for medical devices.
The use of biodegradable plastic is set to grow by 5.7% in the plastic injection molding industry between 2019 and 2025.
The statistic indicates that there is projected growth of 5.7% in the utilization of biodegradable plastic within the plastic injection molding industry from 2019 to 2025. This growth rate suggests a positive trend towards incorporating more environmentally friendly practices within the industry. The increase highlights a shift towards sustainable plastic manufacturing processes, likely driven by consumer demand for eco-friendly products and a growing awareness of the environmental impacts of traditional plastic materials. This statistic demonstrates a promising direction for the industry in terms of adopting more sustainable practices and reducing its ecological footprint over the specified time period.
By 2027, the plastic injection molding machines market is expected to reach USD 10.6 billion.
The statistic states that by the year 2027, the global market for plastic injection molding machines is projected to reach a value of USD 10.6 billion. This indicates significant growth and demand within the industry, highlighting the increasing adoption of plastic injection molding technology across various sectors such as automotive, packaging, consumer goods, and electronics. Factors driving this growth may include the rising demand for mass production of plastic components, advancements in injection molding technology, and efforts to improve efficiency and reduce production costs. The forecasted market value signifies a lucrative opportunity for manufacturers, suppliers, and investors operating in the plastic injection molding machines market.
The plastic injection molding market in Europe is expected to grow at CAGR of over 3% from 2020 to 2026.
This statistic regarding the plastic injection molding market in Europe implies that the industry is projected to experience a consistent compound annual growth rate (CAGR) of more than 3% between the years 2020 and 2026. This indicates a positive trend in market expansion over the specified period. The expected growth reflects potential increases in demand for plastic injection molding services and products within Europe, likely driven by factors such as technological advancements, industrial developments, and changing consumer preferences. Businesses operating within this market may find opportunities for expansion and profitability based on the projected growth trajectory, potentially leading to an increasingly competitive and dynamic landscape within the industry.
The consumer goods segment held over 20% of the market share in the global plastic injection molding industry in 2019.
The statistic highlights that the consumer goods segment had a significant presence in the global plastic injection molding industry in 2019, holding more than 20% of the market share. This indicates that a substantial portion of plastic injection molding activities, which involve the manufacturing of plastic products through injecting material into a mold, were dedicated to producing goods intended for consumer use. The strong market share of the consumer goods segment suggests a high demand for plastic products in industries such as electronics, packaging, and household goods, reflecting the industry’s importance in fulfilling consumer needs and driving economic activity globally.
The polypropylene segment held the largest share of the global injection molded plastics market in 2020.
In 2020, the polypropylene segment represented the highest proportion of the global injection molded plastics market, indicating that polypropylene-based products accounted for the largest volume or revenue within the industry. This statistic suggests that polypropylene materials were in high demand and widely used for injection molding processes during that time period, potentially owing to their favorable properties such as durability, versatility, and cost-effectiveness. The dominance of the polypropylene segment highlights its significance within the market and underscores its importance in shaping the overall landscape of the injection molded plastics industry in 2020.
The Asia Pacific region is projected to account for over 40% of the global market share by 2028 in the plastic injection molding industry.
This statistic indicates that by 2028, the Asia Pacific region is expected to significantly increase its dominance in the global market share of the plastic injection molding industry, accounting for more than 40% of the total market share. This suggests a substantial growth in the industry within the region, driven by factors such as lower production costs, technological advancements, and increasing demand for plastic products. The projection underscores the region’s strategic position as a key player in the global plastic injection molding market, highlighting the opportunities and challenges it may present for businesses operating in the industry.
In 2020, the automotive segment used almost 17% of all injection molding plastic parts.
The statistic indicates that in 2020, the automotive industry accounted for nearly 17% of the total usage of injection molding plastic parts across all sectors. This suggests that a significant proportion of plastic parts produced via injection molding are utilized by the automotive sector for various applications such as components in vehicles, interior parts, and exterior trims. The high demand for injection molding plastic parts in the automotive industry highlights the key role of this manufacturing process in meeting the specific requirements and designs of the automotive sector, showcasing its importance in supporting the production and innovation within the automotive industry.
In the plastic injection molding industry, India’s market is predicted to exhibit a CAGR of over 6% from 2019 to 2025.
This statistic indicates that the plastic injection molding industry in India is projected to experience a Compound Annual Growth Rate (CAGR) of over 6% from 2019 to 2025. This suggests that the market for plastic injection molding services in India is expected to steadily grow at a rate of more than 6% annually over the specified timeframe. Factors driving this growth could include increasing demand for plastic products, advancements in technology, cost-effectiveness of plastic injection molding, and potentially favorable government policies. This prediction highlights the potential for opportunities and expansion within the plastic injection molding sector in India in the coming years.
The injection molding machines market is highly competitive with a moderate number of players, on a global scale, constitute approximately 40% to
50% of the market share.
This statistic suggests that the injection molding machines market is characterized by intense competition, as there are a considerable but not overwhelming number of players worldwide. The market is fragmented, with no single dominant player holding a majority share, as the top companies collectively hold roughly 40% to 50% of the market. This distribution indicates a relatively balanced competitive landscape, where multiple manufacturers compete for market share across different regions. The moderate number of players suggests that while competition is fierce, it is also diverse, with various companies vying for their respective shares of the market.
References
0. – https://www.www.mordorintelligence.com
1. – https://www.www.reportsanddata.com
2. – https://www.www.grandviewresearch.com
3. – https://www.www.transparencymarketresearch.com
4. – https://www.www.globenewswire.com
5. – https://www.www.marketsandmarkets.com
6. – https://www.www.gminsights.com
