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PUBLISHER: Grand View Research | PRODUCT CODE: 1493256

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PUBLISHER: Grand View Research | PRODUCT CODE: 1493256

Injection Molding Market Size, Share & Trends Analysis Report By Material (Plastics, Metal, Others), By Application (Packaging, Consumables & Electronics, Automotive & Transportation), By Region, And Segment Forecasts, 2024 - 2030

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Description

Table of Contents

List of Tables

Injection Molding Market Growth & Trends:

The global injection molding market size is expected to reach USD 397.08 billion by 2030, expanding at a CAGR of 4.9% from 2024 to 2030, according to a new report by Grand View Research, Inc. The increasing usage of injection molding in packaging industry is driving the market growth as it allows the production of plastic packaging products for a variety of applications and in a variety of forms. It can be utilized to manufacture food & beverage containers, body care packaging products, and household chemical packages.

Moreover, injection molding technique solves problems related to barrier protection, as well as tackles issues related to product handling, visibility, salability, and aesthetics. In addition, due to the ability of injection molding to produce high-quality, complex shapes with precise dimensions, it has become indispensable for manufacturers seeking innovative packaging solutions that meet the rigorous demands of functionality, durability, and aesthetic appeal. For instance, companies like Procter & Gamble and Unilever have leveraged injection molding to create robust and intricate packaging components for their consumer goods.

The technological advancements in the market have enabled the production of eco-friendly packaging by utilizing biodegradable plastics, thus aligning with the growing consumer demand for sustainable products. This widespread adoption underscores injection molding's pivotal role in transforming the packaging and medical equipment industry, offering an unmatched blend of design flexibility, cost-effectiveness, and environmental consciousness.

In automotive and transportation industry, to reduce the weight of the vehicles, automotive manufacturers have started adopting injection molding parts made of plastics. These plastic parts not only reduce the overall weight of automobiles but also give aesthetically better configurations. Similarly, in the consumables & electronics industry, the components made out of injection molding are used to manufacture smartphones, tablets, laptops, connectors, and sensor covers.

For instance, according to the data published by the International Organization of Motor Vehicle Manufacturers, the Asia Pacific witnessed a growth of 10.0% in vehicle production in 2023, as compared to 2022, and the region's automotive production reached 55.1 million units in 2023. Hence, with the growing automotive and electronics industry the demand for injection molding is anticipated to grow over the forecast period.

C&J INDUSTRIES, HTI Plastics, The Rondon Group, EVCO Plastics, and Major Plastics, Inc. are major players in the market. Strategies adopted by these companies usually include expansion of their market reach by undertaking partnerships & collaborations, mergers & acquisitions, and new service launches.

In October 2023, the C&J company acquired a 53,000-square-foot building and its associated property in Meadville, PA. This acquisition will expand the company's total footprint from 162,000 to 215,000 square feet. This expansion is likely to help the company to expand its operations and market reach in the U.S.

Injection Molding Market Report Highlights:

  • Based on material, the plastics segment dominated the market in 2023, accounting for 98.3% of the total revenue share. Plastics are used in packaging, automotive and transportation, consumables and electronics, medical, and the building and construction sectors to produce components that are lighter in weight, corrosive and chemical resistant, and complex in shape
  • The metal segment is anticipated to witness the highest CAGR over the forecast period. Metal injection molding (MIM) is suitable for manufacturing intricate, small, and precision metal components required by the medical, automotive, aerospace, and consumer goods industries. The ability of the metal injection molding machines to lower the inventory costs, workforce, and raw material makes it a cost-effective option compared to the conventional fabrication methods
  • Based on application, the packaging segment dominated the market in 2023. Increasing demand for packaging in consumer goods and food & beverage industries results in high competition for manufacturers, creating a need to have product differentiation with attractive packaging, which results in a high growth rate for complex, high-quality packaging products
  • The medical segment is expected to witness the highest growth over the forecast period, due to the high demand for medical devices, disposables, drug delivery equipment, and orthopedics is likely to remain high over the forecast period. The aforementioned medical equipment & disposables are manufactured using injection molding. Hence, with the rising healthcare spending the demand for injection molding is anticipated to grow over the forecast period
  • In January 2024, Proto Labs company rebranded its Protolabs Network Services to leverage global manufacturing partners for extended capabilities and pricing options. This rebranding exercise is undertaken to establish a unified customer experience under one single brand, thereby improving the company's presence in the market
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Product Code: GVR-4-68039-916-6

Table of Contents

Chapter 1. Methodology And Scope

  • 1.1 Market Segmentation & Scope
  • 1.2 Market Definitions
  • 1.3 Research Methodology
  • 1.4 Information Procurement
    • 1.4.1 Purchased Database
    • 1.4.2 Gvr's Internal Database
    • 1.4.3 Secondary Sources
    • 1.4.4 Third Party Perspective
    • 1.4.5 Information Analysis
  • 1.5 Information Analysis
    • 1.5.1 Data Analysis Models
    • 1.5.2 Market Formulation & Data Visualization
    • 1.5.3 Data Validation & Publishing
  • 1.6 Research Scope And Assumptions
    • 1.6.1 List To Data Sources

Chapter 2. Executive Summary

  • 2.1 Market Snapshot
  • 2.2 Material & Application Segment Snapshot
  • 2.3 Competitive Landscape Snapshot

Chapter 3. Injection Molding Market: Variables, Trends & Scope

  • 3.1 Concentration And Growth Prospect Mapping
  • 3.2 Industry Value Chain Analysis
    • 3.2.1 Raw Material Suppliers Outlook
    • 3.2.2 Mold Manufacturers Outlook
    • 3.2.3 Injection Molding Machine Manufacturers Outlook
    • 3.2.4 Contract Manufacturers/Injection Molders Outlook
    • 3.2.5 End Users Outlook
  • 3.3 Regulatory Framework
    • 3.3.1 ASTM Standards
    • 3.3.2 ISO Regulations
  • 3.4 Market Dynamics
    • 3.4.1 Market Driver Analysis
      • 3.4.1.1 Growing Demand For Injection Molded Components In Automotive Industry
      • 3.4.1.2 Increasing Usage Of Injection Molding In Packaging Industry
    • 3.4.2 Market Restraint Analysis
      • 3.4.2.1 High Costs Of Injection Molding Machines And Less Economical For Manufacturers With Small Production Capacities
    • 3.4.3 Market Opportunity Analysis
      • 3.4.3.1 Increased Application of Plastics In Several Healthcare Products
    • 3.4.4 Market Challenge Analysis
      • 3.4.4.1 Growing Environmental Concerns
  • 3.5 Industry Analysis Tools
    • 3.5.1 Porter's Analysis
    • 3.5.2 Macroeconomic Analysis
  • 3.6 Economic Mega Trend Analysis
    • 3.6.1 Covid-19 Impact
    • 3.6.2 Russia-Ukraine War

Chapter 4. Injection Molding Market: Material Estimates & Trend Analysis

  • 4.1 Injection Molding Market: Material Outlook
  • 4.2 Injection Molding Market: Material Movement Analysis & Market Share, 2023 & 2030
  • 4.3 Injection Molding Market Estimates & Forecasts, By Material, 2018 - 2030 (USD Million)
    • 4.3.1 Plastics
    • 4.3.2 Metal
    • 4.3.3 Other Materials

Chapter 5. Injection Molding Market: Application Estimates & Trend Analysis

  • 5.1 Injection Molding Market: Application Outlook
  • 5.2 Injection Molding Market: Application Movement Analysis & Market Share, 2023 & 2030
  • 5.3 Injection Molding Market Estimates & Forecasts, By Application, 2018 - 2030 (USD Million)
    • 5.3.1 Packaging
    • 5.3.2 Consumables & Electronics
    • 5.3.3 Automotive & Transportation
    • 5.3.4 Building & Construction
    • 5.3.5 Medical
    • 5.3.6 Other Applications

Chapter 6. Injection Molding Market: Region Estimates & Trend Analysis

  • 6.1 Injection Molding Market: Regional Outlook
  • 6.2 North America
    • 6.2.1 North America Injection Molding Market Estimates & Forecasts, 2018 - 2030 (USD Million)
    • 6.2.2 U.S.
      • 6.2.2.1 U.S. Injection Molding Market Estimates & Forecasts, 2018 - 2030 (USD Million)
    • 6.2.3 Canada
      • 6.2.3.1 Canada Injection Molding Market Estimates & Forecasts, 2018 - 2030 (USD Million)
    • 6.2.4 Mexico
      • 6.2.4.1 Mexico Injection Molding Market Estimates & Forecasts, 2018 - 2030 (USD Million)
  • 6.3 Europe
    • 6.3.1 Europe Injection Molding Market Estimates & Forecasts, 2018 - 2030 (USD Million)
    • 6.3.2 Germany
      • 6.3.2.1 Germany Injection Molding Market Estimates & Forecasts, 2018 - 2030 (USD Million)
    • 6.3.3 Italy
      • 6.3.3.1 Italy Injection Molding Market Estimates & Forecasts, 2018 - 2030 (USD Million)
    • 6.3.4 Uk
      • 6.3.4.1 Uk Injection Molding Market Estimates & Forecasts, 2018 - 2030 (USD Million)
    • 6.3.5 France
      • 6.3.5.1 France Injection Molding Market Estimates & Forecasts, 2018 - 2030 (USD Million)
    • 6.3.6 Spain
      • 6.3.6.1 Spain Injection Molding Market Estimates & Forecasts, 2018 - 2030 (USD Million)
  • 6.4 Asia Pacific
    • 6.4.1 Asia Pacific Injection Molding Market Estimates & Forecasts, 2018 - 2030 (USD Million)
    • 6.4.2 China
      • 6.4.2.1 China Injection Molding Market Estimates & Forecasts, 2018 - 2030 (USD Million)
    • 6.4.3 India
      • 6.4.3.1 India Injection Molding Market Estimates & Forecasts, 2018 - 2030 (USD Million)
    • 6.4.4 Japan
      • 6.4.4.1 Japan Injection Molding Market Estimates & Forecasts, 2018 - 2030 (USD Million)
    • 6.4.5 Australia
      • 6.4.5.1 Australia Injection Molding Market Estimates & Forecasts, 2018 - 2030 (USD Million)
    • 6.4.6 South Korea
      • 6.4.6.1 South Korea Injection Molding Market Estimates & Forecasts, 2018 - 2030 (USD Million)
  • 6.5 Central & South America
    • 6.5.1 Central & South America Injection Molding Market Estimates & Forecasts, 2018 - 2030 (USD Million)
    • 6.5.2 Brazil
      • 6.5.2.1 Brazil Injection Molding Market Estimates & Forecasts, 2018 - 2030 (USD Million)
    • 6.5.3 Argentina
      • 6.5.3.1 Argentina Injection Molding Market Estimates & Forecasts, 2018 - 2030 (USD Million)
  • 6.6 Middle East & Africa
    • 6.6.1 Middle East & Africa Injection Molding Market Estimates & Forecasts, 2018 - 2030 (USD Million)
    • 6.6.2 Saudi Arabia
      • 6.6.2.1 Saudi Arabia Injection Molding Market Estimates & Forecasts, 2018 - 2030 (USD Million)
    • 6.6.3 UAE
      • 6.6.3.1 UAE Injection Molding Market Estimates & Forecasts, 2018 - 2030 (USD Million)

Chapter 7. Injection Molding Market: Competitive Landscape

  • 7.1 Recent Developments & Impact Analysis, By Key Market Participants
  • 7.2 Participant's Overview
  • 7.3 Financial Performance
  • 7.4 Product Benchmarking
  • 7.5 Company Market Positioning
  • 7.6 Company Benchmarking
  • 7.7 Strategy Mapping
    • 7.7.1 Expansions
    • 7.7.2 Mergers & Acquisitions
    • 7.7.3 Services Launches
  • 7.8 Company Heat Map Analysis, 2023
  • 7.9 Vendor Landscape
    • 7.9.1 Private Companies
      • 7.9.1.1 List Of Key Emerging Companies And Their Geographic Presence
  • 7.10 Key Company Categorization
    • 7.10.1 C&J Industries
    • 7.10.2 All-Plastics
    • 7.10.3 Biomerics
    • 7.10.4 HTI Plastics
    • 7.10.5 The Rodon Group
    • 7.10.6 EVCO Plastics
    • 7.10.7 Majors Plastics, INC
    • 7.10.8 Proto Labs
    • 7.10.9 Tessy Plastics
    • 7.10.10 Currier Plastics, Inc.
    • 7.10.11 Formplast GmbH
    • 7.10.12 H&K Muller GmbH & Co. KG
    • 7.10.13 Hehnke GmbH & Co KG
    • 7.10.14 TR PLAST GROUP
    • 7.10.15 D&M Plastics, LLC
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Product Code: GVR-4-68039-916-6

List of Tables

  • Table 1 Vehicle Sales in U.S., January-July 2022 & January-July 2023 (Units)
  • Table 2 Benefits Of Injection Molding For Electric Vehicles
  • Table 3 Application Of Injection Molding In Packaging Industry
  • Table 4 Costs Associated With The Injection Molding Of A Hypothetical Plastic Item:
  • Table 5 Benefits Of Injection Molding For Medical Applications
  • Table 6 Environmental Impact of Plastic Injection Molding
  • Table 7 Injection Molding Market Estimates and Forecasts, By Material, 2018 - 2030 (USD Million)
  • Table 8 Injection Molding Market Estimates and Forecasts, By Application, 2018 - 2030 (USD Million)
  • Table 9 U.S. Macroeconomic Outlook
  • Table 10 Canada Macroeconomic Outlook
  • Table 11 Mexico Macroeconomic Outlook
  • Table 12 Germany Macroeconomic Outlook
  • Table 13 Italy Macroeconomic Outlook
  • Table 14 UK Macroeconomic Outlook
  • Table 15 France Macroeconomic Outlook
  • Table 16 Spain Macroeconomic Outlook
  • Table 17 China Macroeconomic Outlook
  • Table 18 India Macroeconomic Outlook
  • Table 19 Japan Macroeconomic Outlook
  • Table 20 Australia Macroeconomic Outlook
  • Table 21 South Korea Macroeconomic Outlook
  • Table 22 Brazil Macroeconomic Outlook
  • Table 23 Argentina Macroeconomic Outlook
  • Table 24 Saudi Arabia Macroeconomic Outlook
  • Table 25 UAE Macroeconomic Outlook
  • Table 26 Recent Developments & Impact Analysis, By Key Market Participants
  • Table 27 Key Companies: Expansions
  • Table 28 Key Companies: Mergers & Acquisitions
  • Table 29 Key Companies: Service Launches
  • Table 30 Company Heat Map Analysis, 2023

List of Figures

  • Fig. 1 Market Segmentation & Scope
  • Fig. 2 Information Procurement
  • Fig. 3 Data Analysis Models
  • Fig. 4 Market Formulation And Validation
  • Fig. 5 Data Validating & Publishing
  • Fig. 6 Market Snapshot
  • Fig. 7 Material & Application Segment Snapshot
  • Fig. 8 Competitive Landscape Snapshot
  • Fig. 9 Concentration & Growth Prospect Mapping
  • Fig. 10 Industry Value Chain Analysis
  • Fig. 11 Injection Molding Market: Market Dynamics
  • Fig. 12 Market Driver Analysis
  • Fig. 13 Global Automotive Production, 2020 - 2023 (Million Units)
  • Fig. 14 Electric Vehicle Production in China January 2021 - March 2023 (Thousand Units)
  • Fig. 15 State Policies Promoting Adoption of Hybrid and Electric Vehicles in Various States in U.S.
  • Fig. 16 Total Packaging Volume In The U.S., (Billion Units), 2021 - 2025
  • Fig. 17 Consumption Of Bottled Water In The U.S. (Gallons Per Capita)
  • Fig. 18 Market Restraint Analysis
  • Fig. 19 Europe In The Global Medical Device Market, 2023 (%)
  • Fig. 20 Injection Molding Market: PORTER's Analysis
  • Fig. 21 Injection Molding Market: PESTEL Analysis
  • Fig. 22 Impact Of COVID-19 On GDP, 2021 vs 2019 (%)
  • Fig. 23 Real GDP Compared To Pre-Pandemic Levels (%), 2020 - 2023
  • Fig. 24 Real GDP, Annual Percent Change (%), 2022 - 2025
  • Fig. 25 Impact Of Russia-Ukraine War On Inflation (%), 2022 - 2023
  • Fig. 26 Injection Molding Market, By Material: Key Takeaways
  • Fig. 27 Injection Molding Market: Material Movement Analysis & Market Share, 2023 & 2030
  • Fig. 28 Plastics Injection Molding Market Estimates & Forecasts 2018 - 2030 (USD Million)
  • Fig. 29 Metal Injection Molding Market Estimates & Forecasts, 2018 - 2030 (USD Million)
  • Fig. 30 Other Injection Molding Materials Market Estimates & Forecasts, 2018 - 2030 (USD Million)
  • Fig. 31 Injection Molding Market, By Application: Key Takeaways
  • Fig. 32 Injection Molding Market: Application Movement Analysis & Market Share, 2023 & 2030
  • Fig. 33 Injection Molding Market Estimates & Forecasts, In Packaging, 2018 - 2030 (USD Million)
  • Fig. 34 Injection Molding Market Estimates & Forecasts, In Consumables & Electronics, 2018 - 2030 (USD Million)
  • Fig. 35 Injection Molding Market Estimates & Forecasts, In Automotive & Transportation, 2018 - 2030 (USD Million)
  • Fig. 36 Injection Molding Market Estimates & Forecasts, In Building & Construction, 2018 - 2030 (USD Million)
  • Fig. 37 Injection Molding Market Estimates & Forecasts, In Medical, 2018 - 2030 (USD Million)
  • Fig. 38 Injection Molding Market Estimates & Forecasts, In Other Applications, 2018 - 2030 (USD Million)
  • Fig. 39 Injection Molding Market Revenue, By Region, 2023 & 2030 (USD Million)
  • Fig. 40 Region Marketplace: Key Takeaways
  • Fig. 41 Region Marketplace: Key Takeaways
  • Fig. 42 North America Injection Molding Market Estimates & Forecasts, 2018 - 2030 (USD Million)
  • Fig. 43 U.S. Injection Molding Market Estimates & Forecasts, 2018 - 2030 (USD Million)
  • Fig. 44 U.S. Automotive Sales in Million, 2020-2024
  • Fig. 45 Canada Injection Molding Market Estimates & Forecasts, 2018 - 2030 (USD Million)
  • Fig. 46 Processed Food Products Export, USD Billion, 2020 - 2023
  • Fig. 47 Mexico Injection Molding Market Estimates & Forecasts, 2018 - 2030 (USD Million)
  • Fig. 48 Europe Injection Molding Market Estimates & Forecasts, 2018 - 2030 (USD Million)
  • Fig. 49 Germany Injection Molding Market Estimates & Forecasts, 2018 - 2030 (USD Million)
  • Fig. 50 Italy Injection Molding Market Estimates & Forecasts, 2018 - 2030 (USD Million)
  • Fig. 51 UK Injection Molding Market Estimates & Forecasts, 2018 - 2030 (USD Million)
  • Fig. 52 France Injection Molding Market Estimates & Forecasts, 2018 - 2030 (USD Million)
  • Fig. 53 Spain Injection Molding Market Estimates & Forecasts, 2018 - 2030 (USD Million)
  • Fig. 54 Asia Pacific Injection Molding Market Estimates & Forecasts, 2018 - 2030 (USD Million)
  • Fig. 55 China Injection Molding Market Estimates & Forecasts, 2018 - 2030 (USD Million)
  • Fig. 56 China Manufacturing Purchasing Managers' Index, March'23 to March'24
  • Fig. 57 India Injection Molding Market Estimates & Forecasts, 2018 - 2030 (USD Million)
  • Fig. 58 Japan Injection Molding Market Estimates & Forecasts, 2018 - 2030 (USD Million)
  • Fig. 59 Australia Injection Molding Market Estimates & Forecasts, 2018 - 2030 (USD Million)
  • Fig. 60 South Korea Injection Molding Market Estimates & Forecasts, 2018 - 2030 (USD Million)
  • Fig. 61 Central & South America Injection Molding Market Estimates & Forecasts, 2018 - 2030 (USD Million)
  • Fig. 62 Brazil Injection Molding Market Estimates & Forecasts, 2018 - 2030 (USD Million)
  • Fig. 63 Argentina Injection Molding Market Estimates & Forecasts, 2018 - 2030 (USD Million)
  • Fig. 65 Middle East & Africa Injection Molding Market Estimates & Forecasts, 2018 - 2030 (USD Million)
  • Fig. 66 Saudi Arabia Injection Molding Market Estimates & Forecasts, 2018 - 2030 (USD Million)
  • Fig. 67 UAE Injection Molding Market Estimates & Forecasts, 2018 - 2030 (USD Million)
  • Fig. 68 Company Market Positioning
  • Fig. 69 Company Benchmarking
  • Fig. 70 Strategic Framework
  • Fig. 71 Key Company Categorization
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