Dublin-based Firm Publishes Comprehensive Report on Global Plastic Injection Molding Markets and Technologies
Dublin, Jan. 16, 2025 - ResearchAndMarkets.com has released a detailed report on the global plastic injection molding markets and technologies, offering insights into the current market trends, growth drivers, and challenges facing the industry.
According to the report, the global plastic injection molding market was valued at $191 billion in 2023 and is projected to grow at a compound annual growth rate (CAGR) of 4.1% from 2024 to 2029, reaching an estimated value of $235.7 billion by 2029.
The report highlights the growing demand for plastic injection molding across various industries, including packaging, automotive, aerospace, consumer goods, and medical devices, driven by its versatility, precision, and ability to create intricate parts. The increasing adoption of circularity and sustainability practices is also reshaping the industry's dynamics, with bioplastics and biodegradable plastics expected to gain traction in the near future.
Key drivers of the market include the significant contributions from developing countries, technological advancements in the injection molding process, and the growing preference for lightweight materials. Additionally, the report notes that the versatility and flexibility of plastics have further heightened the demand in the plastic injection molding market.
To cater to this demand, various companies are investing heavily in research and development, resulting in innovative technologies such as process integration with 3D printing, injection molding with post-consumer resins (PCR), and micro injection molding. The report also provides in-depth analysis of the industry supply chain, sustainability trends, ESG developments, and recent patents.
With a comprehensive overview of the global plastic injection molding market and technology landscape, this report is an invaluable resource for companies looking to navigate the ever-evolving plastic injection molding industry.
Report Details:
- Report Type: Market Research Report
- Publisher: ResearchAndMarkets.com
- Publication Date: January 16, 2025
- Page Count: 273
- Forecast Period: 2024-2029
- Estimated Market Value (USD): $192.7 Billion (2024), $235.7 Billion (2029)
- Compound Annual Growth Rate: 4.1%
- Regions Covered: Global
Key Figures and Statistics:
- 4.1% CAGR expected from 2024 to 2029
- Estimated market value by 2029: $235.7 Billion
- Current market value (2023): $191 Billion
- Developing countries set to contribute significantly to growth
For more information about this report, please visit: https://www.researchandmarkets.com/r/6m6wf5