About Injection Molded Plastics
Injection molded plastics are used in manufacturing of complex and intricate shaped parts with least waste such as automotive elements, interior wrapping. In addition to this, it is used in production of packaging parts. The features of injection molded plastics such as strength, durability and appearance, increases its demand for building and construction components such as piping systems, insulations, wall board and roofing. Moreover, it is highly used in health care industry. Since, it has various uses and features, the demand for injection molded plastics is increasing.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 4.8% |
The market of injected molded plastics consists of major players who are focusing on the expansion and technological developments. The emerging economies are to estimate positive growth due to the rising demand in end use industries such as food and beverages, personal care in upcoming years Analyst at AMA Research estimates that Global Vendors will contribute the maximum growth to Global Injection Molded Plastics market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
DOW (United States), ExxonMobil (United States), SABIC (Saudi Arabia), BASF (United States), Mitsubishi (Japan), DuPont (United States), Honeywell (United States), Lanxess (Germany), Ineos (United Kingdom), Borealis (Austria), NOVA Chemicals (Canada) and Chevron Phillips Chemical (United States) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Teijin (Japan), Shin-Etsu Chemical (Japan), Evonik (Germany) and Sinopec (China).
Segmentation Overview
AMA Research has segmented the market of Global Injection Molded Plastics market by , Application (Packaging, Consumables & Electronics, Automotive & Transportation, Building & Construction, Medical and Others) and Region.
On the basis of geography, the market of Injection Molded Plastics has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Materials used, the sub-segment i.e. Polypropylene will boost the Injection Molded Plastics market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Changing Lifestyle of Consumers is leading to Inclination towards the Packaged Foods
Market Growth Drivers:
Rising demand for packaging industry is fueling the market growth. Since, the food and beverage industry is growing, the demand for plastic packaging is also increasing. Also, the features such as durability, corrosion resistance and temperature resistance is making the product suitable for various industrial applications such as medical, and personal care along with the food and beverage industry
Challenges:
Rising Environmental Concerns Regarding the Use of Plastics
Restraints:
Stringent Government Regulations may affect the Market Growth and Fluctuating Prices of Raw Materials
Opportunities:
Technological Advancements in Injection Molding Processes and Growing Construction Spending is creating an Opportunity
Market Leaders and their expansionary development strategies
In February 2023, Preformed Line Products Company (NASDAQ: PLPC) announced today that it has acquired substantially all of the assets of Pilot Plastics, Inc. Pilot's extensive knowledge and history of injection molding manufacturing will bring much-needed additional capacity to produce critical infrastructure components for North America's current and future high-speed broadband deployment projects
In September 2023, PulPac launches the world’s first injection molding machine for fiber-based products. The Scala platform is based on injection molding, a technology associated with plastic conversion, combined with PulPac’s new and unique Mill-to-Web fiber unit. The first Scala machines are sold by launch partner Huarong Group and equipped for producing fiber-based lids.
Key Target Audience
Manufacturers, Raw Material Suppliers, Distributors and Traders, Research Organisations, Government Agencies and Organisations
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.