Latest News - Injection Molding Market: Plastics are expected to lead the Type segment during 2025-2029

The Injection Molding Market is being driven by Rising adoption of high-efficient injection molding machines in packaging industry

The Injection Molding Market is expected to grow at a CAGR of 4.5% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 54.4 billion. Injection molding is poised for significant growth in various industries, particularly in the packaging sector. The increasing adoption of active packaging, modified atmosphere packaging (MAP), and intelligent packaging solutions is expected to drive demand for injection-molded products. Active packaging incorporates components like oxygen scavengers, moisture absorbers, carbon dioxide absorbers, and temperature control features, ensuring food and beverage safety and extending product shelf life. Injection molding machines are instrumental in producing cans, bottles, and closures for these applications. Furthermore, innovations in food and beverage, pharmaceutical, and other industries' packaging, such as advanced bottle and can designs, are anticipated to boost the demand for injection molding technology during the forecast period. Intelligent packaging, which utilizes smart materials and sensors, offers real-time monitoring of environmental changes, enhancing product safety and consumer confidence. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Type
  • Plastics
  • Rubber
  • Others
• Application
  • Packaging
  • Automotive and transportation
  • Electronics
  • Consumer goods
  • Others
• Technology
  • Standard molding
  • Overmolding
  • Insert molding
  • Others
• Geography
  • APAC
    • China
    • India
    • Japan
    • South Korea
  • North America
    • US
    • Canada
  • Europe
    • France
    • Germany
    • Italy
    • UK
  • South America
  • Middle East and Africa

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Rising adoption of high-efficient injection molding machines in packaging industry
• Growth in automotive industry
• Increase in demand from developing countries

However, the market also witnesses some limitations, which are as follows:

• Government regulations and policies
• Rising demand for sustainable packaging solutions
• Volatility in raw material prices

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Market Scope in Injection Molding Market Research Report

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Research Analysis Overview

Injection molding market encompasses various industries such as healthcare, electrical and electronics, and packaging technology. Key applications include sustainable packaging, rigid plastic cups, and bioplastics. The market caters to sectors like OEMs, medical applications, and e-commerce, with thermosetting and thermoplastic polymers used in molten form to create injection molded plastics. Notable sectors include high-density polyethylene, polycarbonate, and polyvinyl chloride. Amidst the ongoing pandemic, the demand for injection molded plastics in packaging applications has surged, particularly in sectors like organized retail and rural areas. The emergence of the Omicron strain has further emphasized the importance of infection-resistant packaging solutions.

Market Research Overview

The Injection Molding Market, a segment of the larger Industrial Machinery and Supplies and Components Market, experiences significant growth due to expanding industrial production in process and discrete industries. Key end-use sectors driving this trend include Healthcare, Electrical and Electronics, Packaging Technology, and Sustainable Packaging. In these industries, the demand for Rigid Plastics, such as Cups and Containers, remains high. Manufacturers of Injection Molding Machines, which offer superior Acceleration Performance and Repeatability, are poised to benefit from this trend. Additionally, emerging markets in Rural Areas, E-commerce, and Organized Retail present new opportunities for market expansion. The Global Industrial Machinery and Supplies and Components Market size is calculated based on the combined revenue generated by manufacturers of Machinery and Components used in the industrial environment. Key growth factors include increasing industrial output, particularly in developing countries, leading to capacity additions in industries such as Energy, Chemicals and Petrochemicals, Pulp and Paper Products, and Processed Food and Beverages. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
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UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/