Plastic Injection Molding Market Scope
Plastic Injection Molding used plastic and plastic mix in molten form as a raw material. This molten plastic is filled under the pressure in mold and then later on it cooled and convert into solid form with according to that mold. Plastic resin used for this are different according to demand. increasing demand of end product from such plastic injection molding have high demand in automotive industry, packaging industry and more, give drive to the plastic injection molding market
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | Berry Global Inc. (United States), Husky Injection Molding Systems Ltd (Canada), AptarGroup, Inc. (United States), Amcor PLC (Australia), FANUC (Japan), Silgan Holdings Inc. (United States), Milacron (United States), Chen Hsong Holdings Limited (China), ARBURG (Germany), The Japan Steel Works Ltd (Japan), Husky Technologies (Canada), ALPLA (Austria), Haitian International Holdings Limited (China), Sumitomo Heavy Industries Ltd (Japan) and Engel Austria GmbH (Austria) |
CAGR | % |
Plastic injection molding market is a fragmented market due to the presence of various players. Companies are focusing on developing innovative products and solutions to improve quality, enhances and promotes performance, along with try to incorporate latest technology AI and MI. The companies are coming up with partnerships or agreements along with planning strategic activities such as partnerships, product launch, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge
Berry Global Inc. (United States), Husky Injection Molding Systems Ltd (Canada), AptarGroup, Inc. (United States), Amcor PLC (Australia), FANUC (Japan), Silgan Holdings Inc. (United States), Milacron (United States), Chen Hsong Holdings Limited (China), ARBURG (Germany), The Japan Steel Works Ltd (Japan), Husky Technologies (Canada), ALPLA (Austria), Haitian International Holdings Limited (China), Sumitomo Heavy Industries Ltd (Japan) and Engel Austria GmbH (Austria) are some of the key players that are part of study coverage.
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Plastic Injection Molding market by Type , by Application (Packaging, Consumer Goods, Healthcare, Automotive and Others) and Region with country level break-up.
On the basis of geography, the market of Plastic Injection Molding 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).
region held largest market share in the year 2022.
Market Leaders and their expansionary development strategies
In March 2022, Engel molding machine and automation supplier acquired Polish firm TMA Automation (Gdynia). TMA supply automation systems for in-mold labelling, palletizing, quality inspection and more. This company has strong presence in Eastern Europe and with this acquisition Engle spread and strengthened its presence in plastic injection molding market
In June 2022, Haitian International invested 100m euro for construction of a modern plant in Ruma, Serbia. In this plant, 2500 injection molding machines will be produced and customised each year. This expansion was important in order to sustainably strengthen its international competitiveness.
Influencing Trend:
Growing Electric Industry Show High Demand for Plastic Injection Molding
Market Growth Drivers:
Increasing Demand of Plastic Injection Molding In Several End User Industries Such As Packaging, Surge for Plastic Molding as Its Easy Plastic Injection Molding to Design Complex Part and Growing Demand for Such Molding for Its High Repeatability, Hence Accurate Production
Challenges:
Change in Design is Expensive and Initial Long Leading Time
Restraints:
Stringent Government Regulations
Opportunities:
Increasing Technical Advancement Such as Use of Direct Metal Laser Sintering (DMLS) to Create Mold
Key Target Audience
Plastic Injection Molding Manufacturers, Raw Material Suppliers, Distributor, Regulatory Bodies, Potential Investors, Research and Development Institutes, End Users and Others