According to a market report by Lucintel, the future of the injection molded plastic market looks promising with opportunities in the packaging, consumables & electronics, automotive & transportation, building & construction, and medical sectors. The global injection molded plastic market is expected to grow with a CAGR of 4% to 6% from 2023 to 2028. The major drivers for this market are growing demand for plastic components from various end use industries, increasing government regulations for energy efficient buildings and smart building technologies, and low production costs & high reproducibility.
In this market, polypropylene, acrylonitrile butadiene styrene, high-density polyethylene (HDPE), and polystyrene are the major raw material segments. Lucintel forecasts that polypropylene will remain the largest segment over the forecast period due to increasing consumption of polypropylene in automotive components, household goods, & packaging applications and increasing use in food packaging and electrical contacts on account of corrosion resistance & electrical insulation properties.
Within this market, packaging is expected to remain the largest segment in forecast period as it offers a wide range of solutions, from high volume packaging to thin wall containers and bottle molds. Additionally, there is an increased demand for lightweight and increased strength with using less plastic material.
APAC will remain the largest region due to increasing infrastructure spending, rapid industrialization, and growing automobile demand in countries, such as China, India, Indonesia, and Malaysia.
Emerging trends, which have a direct impact on the dynamics of the industry, include growing adoption of eco-friendly additives and resin in the manufacturing process of injection molded plastic, and shift in consumer preference towards high performance materials coupled with the adoption of new manufacturing technologies. SABIC, Ineos, BASF, Dupont, Magna, ExxonMobil Corporation, Eastman Chemicals, Becton Dickinson, LyondellBasell, and The Dow Chemical are the major suppliers in the global injection molded plastic market.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global injection molded plastic market by raw material, application, and region. Lucintel has compiled a comprehensive research report entitled “Growth Opportunities in the Global Injection Molded Plastic Market 2023-2028: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes trends and forecast for the global injection molded plastic market by raw material, application, and region, as follows:
Injection Molded Plastic Market by Raw Material [Value ($B) Shipment Analysis from 2017 to 2028]:
· Polypropylene
· Acrylonitrile Butadiene Styrene
· High-Density Polyethylene (HDPE)
· Polystyrene
· Others
Injection Molded Plastic Market by Application [Value ($B) Shipment Analysis from 2017 to 2028]:
· Packaging
· Consumables & Electronics
· Automotive & Transportation
· Building & Construction
· Medical
· Others
Injection Molded Plastic Market by Region [Value ($B) Shipment Analysis from 2017 to 2028]:
· North America
· Europe
· Asia Pacific
· The Rest of the World
A more than 150 pages and in-depth TOC on “Global Injection Molded Plastic Market". To download report brochure, please go to
https://www.lucintel.com/ and click "report brochure" tab from the menu.
About Lucintel
Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. Lucintel offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.
This report answers the following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the injection molded plastic market by raw material (polypropylene, acrylonitrile butadiene styrene, high-density polyethylene (HDPE), and polystyrene), application (packaging, consumables & electronics, automotive & transportation, building & construction, and medical), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity did occur in the last five years and what has its impact been on the industry?