Market Size of Plastics Injection Molding Industry
| Study Period | 2019 - 2029 |
| Market Volume (2024) | 5.90 Million tons |
| Market Volume (2029) | 7.24 Million tons |
| CAGR (2024 - 2029) | 4.18 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Plastics Injection Molding Market Analysis
The Plastics Injection Molding Market size is estimated at 5.90 Million tons in 2024, and is expected to reach 7.24 Million tons by 2029, growing at a CAGR of 4.18% during the forecast period (2024-2029).
Although there was a dip in demand for injection molding during the COVID-19 pandemic, the studied market steadily recovered and reached pre-pandemic activity levels.
- The major factors driving the demand for injection molding in the market are the increasing usage in automotive applications and the growing demand from the packaging industry. Additionally, increased consumer goods and electronics demand is anticipated to strengthen this demand further.
- However, the high initial costs associated with entering the injection molding market and the strong prevalence of alternative and emerging technologies like 3D printing are expected to hinder the market growth.
- On the flip side, the shift towards manufacturing lightweight and electrified vehicles and the emerging applications in the healthcare sector could open up lucrative opportunities for the growth of the plastics injection molding market.
- The Asia-Pacific region dominated the plastics injection molding market worldwide, with the largest consumption from countries such as China, India, and Japan.
