Increasing global demand from the packaging, medical, and electronics and automotive industry would drive market growth

Plastic Injection Molding Machine Market Size – USD 9.2 Billion in 2020, Growth – at a CAGR of 3.1% Trends – Increasing use of injection molding in production of plastic parts

The global Plastic Injection Molding Machine Market size is expected to reach USD 11.73 Billion in 2028 registering a CAGR of 3.1% over the forecast period, according to a latest report by Reports and Data. Major factor driving market revenue growth are increasing plastic injection molding machine demand from the packaging, medical, and electronics sectors along with the rising need for replacements in the automotive industry.

By pumping molten materials into a mold, an injection molding machine creates pieces. Injection molding is an important part of the plastic processing industry since it is a good way to mass produce complex shapes. Metals (also known as die-casting), glasses, elastomers, and confections are the most widely utilized materials, with thermoplastic and thermosetting polymers being the most common. An injection molding machine can produce a wide range of product sizes, from the smallest component to the full car body. Furthermore, injection molding is the most widely used modern way of producing plastic parts.

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Top Companies: Ferromatik Milacron India, Toshiba, Windsor, Electronica, Engel, JH-Welltec Machines, Tederic, Arburg GmbH & Co., Haitian International Holdings Limited, Chen Hsong Holdings Limited, Sumitomo, Milacron Holdings Corp., Nissei Plastic Industrial Co. Limited, and Husky Injection Molding Systems Ltd.  

Further Key Finding from the Report Suggestion:

• During the projected period, electric machines will be the fastest growing machine type for plastics injection molding machines.
• Over the forecast period, the automotive sector is expected to be the largest end-use industry for plastics injection molding machines.
• In terms of both value and volume, APAC is predicted to be the largest plastics injection molding machine market during the forecast period.
• During the projected period, Europe is expected to be the second-largest market for plastics injection molding machines.

Plastic Injection Molding Machine Market Growth:

The Plastic Injection Molding Machine Market is expected to grow in the coming years due to several factors, including:

1. Growing demand from various industries: Plastic injection molding machines are widely used in industries such as automotive, packaging, consumer goods, and healthcare, among others. With the growth of these industries, the demand for plastic injection molding machines is also increasing.
2. Advancements in technology: Advancements in technology have led to the development of new plastic injection molding machines with improved features such as higher precision, faster cycle times, and greater energy efficiency. This has resulted in increased demand for plastic injection molding machines in various industries.
3. Rising demand for plastic products: Plastic injection molding is a cost-effective and efficient method for producing plastic products, making it an ideal choice for various applications. With the growing demand for plastic products, the demand for plastic injection molding machines is expected to increase.
4. Increasing investments in research and development: Various companies and research institutions are investing heavily in the research and development of new and improved plastic injection molding machines. This is expected to result in the development of new machines with advanced features and capabilities, thereby driving the growth of the plastic injection molding machine market.
5. Growing demand for sustainable manufacturing: Plastic injection molding machines are becoming more energy-efficient, and some machines are designed to use recycled materials, making them a sustainable choice for manufacturing. With the growing demand for sustainable manufacturing, the demand for plastic injection molding machines is expected to increase.

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The global Plastics Injection Molding Machine market is segmented into:

Type Outlook (Revenue, USD Million; 2018 – 2028)

• Hydraulic
• Electric
• Hybrid

End Use Outlook (Revenue, USD Million; 2018 – 2028)

• Automotive
• Medical
• Food & Beverage
• Consumer Goods
• Electronics & Telecom
• Others

Regional Outlook:

• North America (U.S.A., Canada, Mexico)
• Europe (Italy, U.K., Germany, France, Rest of Europe)
• Asia Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)
• Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
• Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

Key Questions Addressed in the Report:

• What are the dominating factors that are influencing the growth of the industry?
• In the forecast period, which market segment is expected to rise the most?
• What are the risks and challenges that the industry is facing?
• In the coming years, which area is projected to dominate the market?
• Who are the major players in the market?
• What kind of strategic business plans have they made?

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