• +1 (732) 369 9777
  • +1 (609) 857 6083
  • enquiry@dimensionmarketresearch.com

/images/logo.png
  • About Us
  • Insight
    Trending Reports Latest Reports
  • Industries
    Aerospace & Defence
    Agriculture & Horticulture
    Automotive
    BFSI & Education
    Chemical & Material
    Consumer Goods
    Electrical & Semiconductor
    ICT & TMT
    Energy & Power
    Food & Beverages
    Industry Automation & Equipment
    Manufacturing & Construction
    Medical Devices & Healthcare IT
    Metals & Minerals
    Packaging & Logistics
    Pharmaceuticals & Healthcare
    Sports & Fitness
  • News And Media
  • Contact us
/images/logo.png
  • home
  • Medical Devices & Healthcare IT
  • Injection Molded Plastic Market

Global Injection Molded Plastic Market By Raw Material (Polypropylene (PP), Polystyrene (PS)and Others), By Application- Global Industry Outlook, Key Companies (BASF SE, SABIC, IAC Group and others), Trends and Forecast 2024-2033

Published on : December-2024  Report Code : RC-745  Pages Count : 253  Report Format : PDF
Overview Table of Content Download Report's Excerpt Request Free Sample

Market Overview

The Global Injection Molded Plastic Market is expected to achieve a valuation of USD 345.8 billion in 2024, & 494.5 billion by 2033. This market is poised to sustain a CAGR (compound annual growth rate) of 4.1% for the forecast period (2024-2033).
 
Injection Molded Plastic Market Growth Analysis

The Global Injection Molded Plastic Market consists of the process linked with injecting molten material into a mold, which solidifies to become the final product after melting & cooling. It is used for numerous plastic products in different industries. Thermosetting and thermoplastic injection molded plastics are used for the production of different parts & components. The most renowned thermoplastic polymers are low density polyethylene, & polypropylene; high-density ethylene, polycarbonate, and PVC.
 
Other instances of this type include the styrene polystyrene fluorine as well as glycolite Polyurethane, & Polysulfone Important contributors to the injection-molding segment for thermosetting polymers include polyester, epoxy resin & melamine formaldehyde. 

Escalating construction investments, notably in developing economies such as India, China, Russia, Brazil, Mexico, & South Africa, are anticipated to stimulate the requirement for these products. The easily adaptable features of the final goods, consisting of heightened heat & pressure resilience, make them increasingly apt for diverse sectors.

The growth of the U.S. injection molded plastics market is anticipated to be propelled by rising demand in automotive, medical, and building & construction sectors. Additionally, the increasing adoption of electronic appliances such as refrigerators, washing machines, and microwave ovens is expected to further drive market expansion in North America during the forecast period. 

In the U.S., the segment dominated with an impressive 81.7% volume share of the total injection molded plastics market demand, highlighting its significance across diverse applications.

Key Takeaways

  • Polypropylene commands the revenue landscape, capturing a maximum share in 2024.
  • The packaging domain dominates the segment with a maximum revenue share in 2024.
  • Asia Pacific spearheads the global demand, commanding a revenue market share of about 40.9% in 2024.
  • Following Asia Pacific, Europe is expected to show the highest growth potential in the upcoming period of 2024.

Use Cases

  • Injection-molded plastic are widely used for production complex dashboard parts, inclusive of instrument panels, air vents, and trim components.
  • In the packaging industry, injection-molded plastic unearths substantial use in developing bottles, boxes, and caps for loads of products, inclusive of food, beverages, prescription drugs, and personal care objects in which its versatility allows for the production of bins with unique shapes and sizes.
  • Consumer items gain from injection-molded plastics thru the manufacturing of long lasting and cost-effective additives. This includes plastic elements for home equipment like washing machines, fridges, and microwave ovens.
  • Injection molding plays an essential position within the clinical industry by way of generating precision-molded additives for diverse medical devices. This can encompass additives for diagnostic system, drug delivery structures, and other scientific gadgets, to ensure accuracy and consistency.
  • Injection-molded plastics are applied in the manufacturing industry for producing pipes, fittings, and structural additives.
  • In the electronics sector, injection-molded plastic is used to fabricate housings, casings, and connectors for a wide range of electronic devices.

Market Dynamic

The expansion of the Global Injection Molded Plastic Market is primarily driven by the rising demand for plastic components across a range of applications & sectors, including electrical and electronics, packaging, automotive, home appliances, as well as medical devices. This rise in demand underscores the vital role of the injection-molded method in efficiently producing intricate plastic shapes on a large scale. 

However, the market growth trajectory may face hindrances because of the fluctuating prices of major raw materials such as ethylene, benzene, propylene, & styrene. Additionally, enhanced consciousness regarding environmental concerns about the disposal of these materials could potentially create hurdles for market growth from 2024 to 2033. Therefore, several Key companies are directing their attention towards crafting injection molded plastics using bio-based alternatives, aiming to surmount these obstacles.

Major sectors such as automotive & electronics are strategically relocating their manufacturing hubs to Asia Pacific nations including China, India, Indonesia, & Thailand, mostly because of the cost-effective labor. Incentives by the Government, including tax advantages, are extended to manufacturers in these regions, amplifying the desire to produce several automotive & electrical components. 

China & India in particular, have garnered benefits through government initiatives such as tax benefits & financial incentives to attract FDI (Foreign Direct Investments), fostering their plastics markets. These efforts, along with low-cost labor, have resulted in a reduction in manufacturing costs. However, this shift has led to an overcapacity of plastic products, affecting their prices. Overall, it is anticipated to drive product demand throughout the anticipated period.

Driving Factors
The injection molded plastic market is driven by increasing demand in sectors such as automotive, packaging, healthcare and consumer goods. Cost effective, high volume production capabilities and its ability to create complex yet lightweight and durable components make CNC milling indispensable. Automotive sector demand for lightweight materials designed to enhance fuel efficiency and lower carbon emissions is fueling an upsurge in demand for injection molded plastics. 

Plastic's versatility and durability has contributed significantly to the rapid expansion of food and beverage packaging industries worldwide, particularly for food and beverages. Bio based plastics' growing adoption is supporting market expansion while contributing towards global sustainability initiatives and environmental awareness trends.

Trending Factors

A key trend defining the injection molded plastic market is the rise of advanced manufacturing technologies such as automation and Industry 4.0 practices. Smart injection molding machines equipped with sensors and Internet of Things capabilities enable real time monitoring, improved precision, and reduced material waste.

Another significant trend is the increasing emphasis on recycled and biodegradable plastics, driven by environmental regulations and consumer demand for more eco friendly products. 3D printing combined with injection molding techniques is creating hybrid manufacturing solutions, enabling faster prototyping and custom production. These trends are pushing the industry toward more eco friendly and adaptive practices.

Restraining Factors

The injection molded plastic market faces constraints due to environmental concerns associated with plastic waste and tighter government regulations on single use plastics. Rising raw material prices particularly those associated with petrochemical based plastics further diminish market profitability. Establishing advanced injection molding facilities requires significant initial investments, limiting entry for smaller players.

Furthermore, alternative materials like glass, metal and paper based composites impede demand further for plastics as public perception of them as environmentally damaging increases pressure for companies to invest in sustainable solutions which may increase production costs while inhibiting short term growth in highly price sensitive markets.

Opportunity

Injection molded plastic offers considerable promise in healthcare, electronics and renewable energy sectors. Rising healthcare demands for disposable medical devices, drug delivery systems and diagnostic equipment present an especially lucrative avenue. 

Miniaturization and precision part requirements have propelled electronics adoption, while renewable energy projects, particularly solar and wind, demand lightweight plastic components with excellent durability for equipment. Bio based and recycled plastics offer an eco friendly solution, filling a niche market. Additionally, emerging markets in Asia Pacific and Africa present opportunities due to rapid industrialization and increasing consumer bases.

Research Scope and Analysis

By Raw Material

Polypropylene commands the revenue landscape, capturing a maximum share in 2024. Its ascendancy is due to its growing utilization in household goods, automotive components, & packaging. Significantly, its expanding role in protective caps for battery housings, electrical contacts, & food packaging is predicted to drive demand further in the coming years. Polypropylene's corrosion resistance & electrical insulation properties make it valuable in segments such as food packaging & electrical contacts, setting the stage for steady growth.

However, the hurdles brought about by the recent pandemic caused a setback in polypropylene consumption because of the manufacturing slowdowns & challenges related to logistics. The constraints on production have resulted in a decline in demand across applications. 

ABS (Acrylonitrile butadiene styrene) emerged as another significant player, contributing notably to overall revenue in 2024. ABS's rising demand for medical devices, electronic housings, automotive components, & consumer appliances is anticipated to fuel its growth trajectory in the forthcoming years.

By Application

The packaging domain dominates the segment with a maximum revenue share in 2024. Products meant for packaging undergo a series of developmental stages to align with regulatory standards & user needs. For packaging applications, plastics must meet specific criteria, including enhancing the shelf life of food products, showcasing resilience to wear & tear, and ensuring durability.

Injection Molded Plastic Market Application Share Analysis

Injection-molded plastics hold significance within the medical & automotive sectors. Among these, the medical devices and components sector is all set for the highest growth. Factors such as biocompatibility, optical clarity, & an economical production approach are projected to fuel demand in the medical sector. 

The rigorous regulatory standards regarding the utilization of medical-grade polymers in healthcare are expected to positively influence sector growth throughout the forecast period. The rising preference for bio-degradable polymers among medical device manufacturers further anticipates creating better opportunities in the medical sector during the forecast period.

The Injection Molded Plastic Market Report is segmented on the basis of the following

By Raw Material

  • Polypropylene (PP)
  • Polystyrene (PS)
  • Acrylonitrile Butadiene Styrene (ABS)
  • High-Density Polyethylene (HDPE)
  • Others

By Application

  • Packaging
  • Consumable & Electronics
  • Automotive & Transportation
  • Building & Construction
  • Medical
  • Others

Regional Analysis

Asia Pacific spearheads the global demand, expected to commanding a revenue market share of about 40.9% in 2024. The rise in infrastructure spending complemented by increased automobile requisites in countries such as India, China, Indonesia, & Malaysia is all set to propel market reach across the region.
 
Injection Molded Plastic Market Regional Analysis

Europe stood out as a significant hub for injection molded plastics. Remarkably, the European market finds significance in non-food & beverage packaging sectors, including pharmaceuticals, cosmetics, & household chemicals. 

Anticipated escalation in the consumption of electronic gadgets such as laptops & cell phones across several nations including the United Kingdom, France & Germany is set to elevate the demand within the consumables & electronics sector. The recent expansion of the automobile sector within Europe further adds impetus to regional demand projections throughout the forecast duration.

By Region

North America
  • The U.S.
  • Canada
Europe
  • Germany
  • The U.K.
  • France
  • Italy
  • Russia
  • Spain
  • Benelux
  • Nordic
  • Rest of Europe
Asia-Pacific
  • China
  • Japan
  • South Korea
  • India
  • ANZ
  • ASEAN
  • Rest of Asia-Pacific
Latin America
  • Brazil
  • Mexico
  • Argentina
  • Colombia
  • Rest of Latin America
Middle East & Africa
  • Saudi Arabia
  • UAE
  • South Africa
  • Israel
  • Egypt
  • Rest of MEA

Competitive Landscape

The Global Market shows substantial fragmentation, especially noticeable in Asia Pacific & Latin America where unorganized sectors flourish. Companies in Asia Pacific have consistently engaged in significant capacity expansions in recent years to leverage operational excellence & attain profits. The market's competitive landscape is marked by several product portfolios & differentiation, influencing competitive pricing and distribution channels. 

Within this context, enterprises have involved diverse marketing tactics including new product introductions, joint ventures, expansions, & acquisitions to uphold their competitive position in the global injection molded plastics market. Significantly, the launch of new products emerges as a vital strategy accepted by key players in the injection-molded plastics market.

Some of the prominent players in the Global Injection Molded Plastic Market are:
  • BASF SE
  • SABIC
  • IAC Group
  • LACKS ENTERPRISES, INC.
  • Dow, Inc.
  • ExxonMobil Corporation
  • DuPont de Nemours, Inc.
  • Huntsman International LLC
  • Berry Global, Inc.
  • Aptar Group, Inc.
  • Master Molded Products Corporation
  • Magna International, Inc.
  • Other Key Players

Recent Development

  • In October 2023, IPEX opens a 200,000 sq ft electric-injection molding facility in Pineville, NC, enhancing US manufacturing capacity for plumbing, electrical, industrial, and municipal fittings with cutting-edge technology and safety standards.
  • In April 2023, Nexa3D purchased Addifab Inc., which was the parent firm of Freeform Injection Molding. The deal also was primarily focused around Addifab's high-temperature soluble and excessive-impact resins to be used at the side of Nexa3D's ultrafast 3-D printers to supply superior tools that can be used with any type of injection mold.
  • In March 2023, EMG Technologies was acquired by ABC Technologies in USD 165 million. ABC Technologies provides a diverse portfolio of products to its clients across various categories, including fluids, HVAC systems, while MGT specializes in supplying advanced tooling solutions for injection-molded exterior and interior parts.
  • In October 2022, with current 183 injection molding machines, Evco Plastics announced expansion of their manufacturing capacity as they proposed to invest USD 11 million in Wisconsin, the United States.
  • In July 2022, Alpha decided to open its 3rd facility in India after Austria and Germany. That is why they invested USD 8,50,000 in Indian market for their expansion.
  • In July 2022, Sinopec has signed three petrochemical deals which values around USD 7 billion with INEOS to expand their influence to Chinese market.

Report Details

                                      Report Characteristics
Market Size (2023) USD 345.8 Bn
Forecast Value (2032) USD 494.5 Bn
CAGR (2023-2032) 4.1%
Historical Data 2018 – 2023
Forecast Data 2024 – 2033
Base Year 2023
Estimate Year 2024
Report Coverage Market Revenue Estimation, Market Dynamics, Competitive Landscape, Growth Factors and etc.
Segments Covered By Raw Material (Polypropylene (PP), Polystyrene (PS), Acrylonitrile Butadiene Styrene (ABS), and High- Density Polyethylene (HDPE), and Others), and By Application (Packaging, Consumable & Electronics, Automotive & Transportation, Building & Construction, Medical, and Others).
Regional Coverage North America – The US and Canada; Europe – Germany, The UK, France, Russia, Spain, Italy, Benelux, Nordic, & Rest of Europe; Asia- Pacific– China, Japan, South Korea, India, ANZ, ASEAN, Rest of APAC; Latin America – Brazil, Mexico, Argentina, Colombia, Rest of Latin America; Middle East & Africa – Saudi Arabia, UAE, South Africa, Turkey, Egypt, Israel, & Rest of MEA
Prominent Players BASF SE, SABIC, IAC Group, LACKS ENTERPRISES, INC., Dow, Inc., ExxonMobil Corporation, DuPont de Nemours, Inc., Huntsman International LLC, Berry Global, Inc., Aptar Group, Inc., Master Molded Products Corporation, Magna International, Inc. and Other Key Players.
Purchase Options We have three licenses to opt for: Single User License (Limited to 1 user), Multi-User License (Up to 5 Users), and Corporate Use License (Unlimited User) along with free report customization equivalent to 0 analyst working days, 3 analysts working days and 5 analysts working days respectively.

 

Frequently Asked Questions

  • What is the value of the Global Injection Molded Plastic Market?

    The Global Injection Molded Plastic Market is expected to achieve a valuation of USD 345.8 billion in 2024.

  • What is the expected CAGR for the Global Injection Molded Plastic Market?

    The Global Injection Molded Plastic Market is expected to increase by 4.1% (CAGR) from 2024 to 2033.

  • Which region dominates the Global Injection Molded Plastic Market?

    The Asia Pacific region is anticipated to dominate in the Global Injection Molded Plastic Market, holding a revenue share of over 40.9% in 2024.

  • Who are the prominent key players in the Global Injection Molded Plastic Market?

    Some of the prominent key players in the Global Injection Molded Plastic Market include BASF SE, SABIC, IAC Group, LACKS ENTERPRISES, INC., Dow, Inc., ExxonMobil Corporation, DuPont de Nemours, Inc., Huntsman International LLC, Berry Global, Inc., Aptar Group, Inc., Master Molded Products Corporation, and other key players.

  • Contents

      1.Introduction
        1.1.Objectives of the Study
        1.2.Market Scope
        1.3.Market Definition and Scope
      2.Injection Molded Plastic Market Overview
        2.1.Global Injection Molded Plastic Market Overview by Type
        2.2.Global Injection Molded Plastic Market Overview by Application
      3.Injection Molded Plastic Market Dynamics, Opportunity, Regulations, and Trends Analysis
        3.1.Market Dynamics
          3.1.1.Injection Molded Plastic Market Drivers
          3.1.2.Injection Molded Plastic Market Opportunities
          3.1.3.Injection Molded Plastic Market Restraints
          3.1.4.Injection Molded Plastic Market Challenges
        3.2.Emerging Trend/Technology
        3.3.PESTLE Analysis
        3.4.PORTER'S Five Forces Analysis
        3.5.Technology Roadmap
        3.6.Opportunity Map Analysis
        3.7.Case Studies
        3.8.Opportunity Orbits
        3.9.Pricing Analysis
        3.10.Ecosystem Analysis
        3.11.Supply/Value Chain Analysis
        3.12.Covid-19 & Recession Impact Analysis
        3.13.Product/Brand Comparison
      4.Global Injection Molded Plastic Market Value ((US$ Mn)), Share (%), and Growth Rate (%) Comparison by By Raw Material, 2017-2032
        4.1.Global Injection Molded Plastic Market Analysis by By Raw Material: Introduction
        4.2.Market Size and Forecast by Region
        4.3.Polypropylene (PP)
        4.4.Polystyrene (PS)
        4.5.Acrylonitrile Butadiene Styrene (ABS)
        4.6.High-Density Polyethylene (HDPE)
        4.7.Others
      5.Global Injection Molded Plastic Market Value ((US$ Mn)), Share (%), and Growth Rate (%) Comparison by By Application, 2017-2032
        5.1.Global Injection Molded Plastic Market Analysis by By Application: Introduction
        5.2.Market Size and Forecast by Region
        5.3.Packaging
        5.4.Consumable & Electronics
        5.5.Automotive & Transportation
        5.6.Building & Construction
        5.7.Medical
        5.8.Others
      10.Global Injection Molded Plastic Market Value ((US$ Mn)), Share (%), and Growth Rate (%) Comparison by Region, 2017-2032
        10.1.North America
          10.1.1.North America Injection Molded Plastic Market: Regional Analysis, 2017-2032
            10.1.1.1.The US
            10.1.1.2.Canada
        10.2.1.Europe
          10.2.1.Europe Injection Molded Plastic Market: Regional Trend Analysis
            10.2.1.1.Germany
            10.2.1.2.France
            10.2.1.3.UK
            10.2.1.4.Russia
            10.2.1.5.Italy
            10.2.1.6.Spain
            10.2.1.7.Nordic
            10.2.1.8.Benelux
            10.2.1.9.Rest of Europe
        10.3.Asia-Pacific
          10.3.1.Asia-Pacific Injection Molded Plastic Market: Regional Analysis, 2017-2032
            10.3.1.1.China
            10.3.1.2.Japan
            10.3.1.3.South Korea
            10.3.1.4.India
            10.3.1.5.ANZ
            10.3.1.6.ASEAN
            10.3.1.7.Rest of Asia-Pacifc
        10.4.Latin America
          10.4.1.Latin America Injection Molded Plastic Market: Regional Analysis, 2017-2032
            10.4.1.1.Brazil
            10.4.1.2.Mexico
            10.4.1.3.Argentina
            10.4.1.4.Colombia
            10.4.1.5.Rest of Latin America
        10.5.Middle East and Africa
          10.5.1.Middle East and Africa Injection Molded Plastic Market: Regional Analysis, 2017-2032
            10.5.1.1.Saudi Arabia
            10.5.1.2.UAE
            10.5.1.3.South Africa
            10.5.1.4.Israel
            10.5.1.5.Egypt
            10.5.1.6.Turkey
            10.5.1.7.Rest of MEA
      11.Global Injection Molded Plastic Market Company Evaluation Matrix, Competitive Landscape, Market Share Analysis, and Company Profiles
        11.1.Market Share Analysis
        11.2.Company Profiles
        11.3.BASF SE
          11.3.1.Company Overview
          11.3.2.Financial Highlights
          11.3.3.Product Portfolio
          11.3.4.SWOT Analysis
          11.3.5.Key Strategies and Developments
        11.4.SABIC
          11.4.1.Company Overview
          11.4.2.Financial Highlights
          11.4.3.Product Portfolio
          11.4.4.SWOT Analysis
          11.4.5.Key Strategies and Developments
        11.5.IAC Group
          11.5.1.Company Overview
          11.5.2.Financial Highlights
          11.5.3.Product Portfolio
          11.5.4.SWOT Analysis
          11.5.5.Key Strategies and Developments
        11.6.LACKS ENTERPRISES, INC.
          11.6.1.Company Overview
          11.6.2.Financial Highlights
          11.6.3.Product Portfolio
          11.6.4.SWOT Analysis
          11.6.5.Key Strategies and Developments
        11.7.Dow, Inc.
          11.7.1.Company Overview
          11.7.2.Financial Highlights
          11.7.3.Product Portfolio
          11.7.4.SWOT Analysis
          11.7.5.Key Strategies and Developments
        11.8.ExxonMobil Corporation
          11.8.1.Company Overview
          11.8.2.Financial Highlights
          11.8.3.Product Portfolio
          11.8.4.SWOT Analysis
          11.8.5.Key Strategies and Developments
        11.9.DuPont de Nemours, Inc.
          11.9.1.Company Overview
          11.9.2.Financial Highlights
          11.9.3.Product Portfolio
          11.9.4.SWOT Analysis
          11.9.5.Key Strategies and Developments
        11.10.Huntsman International LLC
          11.10.1.Company Overview
          11.10.2.Financial Highlights
          11.10.3.Product Portfolio
          11.10.4.SWOT Analysis
          11.10.5.Key Strategies and Developments
        11.11.Berry Global, Inc.
          11.11.1.Company Overview
          11.11.2.Financial Highlights
          11.11.3.Product Portfolio
          11.11.4.SWOT Analysis
          11.11.5.Key Strategies and Developments
        11.12.Aptar Group, Inc.
          11.12.1.Company Overview
          11.12.2.Financial Highlights
          11.12.3.Product Portfolio
          11.12.4.SWOT Analysis
          11.12.5.Key Strategies and Developments
        11.13.Magna International, Inc.
          11.13.1.Company Overview
          11.13.2.Financial Highlights
          11.13.3.Product Portfolio
          11.13.4.SWOT Analysis
          11.13.5.Key Strategies and Developments
        11.14.Other Key Players
          11.14.1.Company Overview
          11.14.2.Financial Highlights
          11.14.3.Product Portfolio
          11.14.4.SWOT Analysis
          11.14.5.Key Strategies and Developments
      12.Assumptions and Acronyms
      13.Research Methodology
      14.Contact
    If your country is missing in the list, we apologize that we still do not serve in your country.

    Your personal details are safe and secured with us.

    If your country is missing in the list, we apologize that we still do not serve in your country.

    Your personal details are safe and secured with us.

    Select License Type


    • RC-745

    • December-2024
      • ★★★★★
        ★★★★★
      • 70
    • $3190
    • $4590
    • $5690
    Download Free Brochure Customization Request Buy Country Level Reports Request Discount
    Chat on WhatsApp

    Get in Touch with Us

    • US : +1 732 369 9777
    • India : +91 88267 74855

    Related Report

    • Diagnostic Testing of STDs Market
    • Digital PCR and Real-time PCR (qPCR) Market
    • Digital Polymerase Chain Reaction (dPCR) Market
    • Disposable Endoscopes Market
    • Disposable Medical Device Sensors Market
    • Disposable Plastic Blood Bags Market
    • Disposable Plastic Face Shields Market
    • Distraction Osteogenesis Devices Market
    • DNA and RNA Extraction Kit Market
    • Doppler Ultrasound Market
    Secured Payment Options
      /images/payment.png
    Legal
    • Privacy Policy
    • Refund Policy
    • Frequently Asked Questions
    • Terms and Conditions
    Explore Company
    • About Us
    • Contact Us
    • Trending Reports
    • Latest Reports
    • All Industries
    • How to Order
    Contact Detail
    • 957 Route 33, Suite 12 #308
            Hamilton Square, NJ-08690 USA
    • +1 (123) 456 4562 (International)
    • +1 (609) 857 6083 (International)
    • +91 882 677 4855 (Asia)
    • sales@dimensionmarketresearch.com
    Copyright Market Research. ©2025 All rights reserved