Injection molding market size to grow by USD 30.65 billion from 2022 to 2027: Rising adoption of high-efficient injection molding machines in the packaging industry to drive growth - Technavio

NEW YORK, May 17, 2023 /PRNewswire/ -- The global injection molding market size is estimated to increase by USD 30.65 billion from 2022 to 2027. The market's growth momentum will progress at a CAGR of 4.14%. The rising adoption of high-efficient injection molding machines in the packaging industry is driving market growth. The rising demand for sustainable solutions has increased the adoption of highly efficient injection molding machines in the packaging industry. Plastic injection molding machines consume a significant amount of energy. However, operators are focusing on reducing costs and enhancing sustainability. Electric machines can save energy by up to 20%-25%. Therefore, the adoption of efficient injection molding machines in the packaging industry will fuel the growth of the market during the forecast period. Discover some insights on market size, historic period (2017-2021), and forecast period (2023-2027) before buying the full report - Request a sample report

Global Injection molding market – Customer landscape

Our report analyzes the life cycle of the global injection molding market from the innovator's stage to the laggard's stage. The report illustrates the lifecycle of the global injection molding market, focusing on the adoption rates of the major countries such as the US, Canada, China, India, Japan, and Germany. To help companies evaluate and develop growth strategies, the report outlines –

• Key purchase criteria
• Adoption rates
• Adoption lifecycles
• Drivers of price sensitivity 
• To unlock the detailed information on the customer landscape - Request a sample now!

Injection molding market – Vendor analysis
Vendor landscape –

The global injection molding market is fragmented, with the presence of large- and small-scale vendors that offer similar products to end-user industries such as packaging, electronics, and automotive. A few prominent vendors that offer injection molding in the market are All Plastics LLC, Biomerics LLC, BORCHE NORTH AMERICA INC., C and J Industries Inc., Currier Plastics Inc., D and M Plastics LLC, ENGEL AUSTRIA GmbH, EVCO Plastics, Formplast GmbH, Hehnke GmbH and Co KG, H and K Muller GmbH and Co. KG, HTI Plastics, Husky Technologies, Majors Plastics Inc., Mold Hotrunner Solutions Inc., Proto Labs Inc., The Rodon Group, Tessy Plastics Corp., TR Electronic, and Woojin Plaimm Co. Ltd. and others.

Established vendors have strong customer support capabilities, financial abilities, and technical expertise for product development. Vendors compete on the basis of factors such as innovation, price, operational costs, and product quality. Some players can reduce market prices through competitive pricing.

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Vendor offerings -

• Biomerics LLC - The company offers molded components and devices for a wide range of intervention markets and clinical applications, including connectors and steerable handles.
• EVCO Plastics - The company offers custom plastic injections that enhance end products, reduce overall part and production costs, and streamline assembly and manufacturing processes.
• Formplast GmbH - The company offers injection molding machines such as Arburg, Demag, and Krauss Maffei.
• HTI Plastics - The company offers injection molding such as Krauss Maffei injection molding presses, Sodick molding presses, and Engel molding presses.
• Ready to streamline your business operations? Request a sample report to learn more about vendors and their offerings 

Injection molding market - Segmentation assessment

Segment overview
Technavio has segmented the market based on type (plastics, rubber, and others), application (packaging, automotive and transportation, electronics, consumer goods, and others), and geography (APAC, North America, Europe, South America, and Middle East and Africa). 

• The plastics segment will account for a major share of the market's growth during the forecast period. The plastic injection molding technique is generally used to produce rigid plastics. The increasing demand for plastic injection molding machines in various applications, such as packaging, automotive, consumer goods, and electronics, is expected to drive the growth of the segment during the forecast period. Plastic injection molding is used to produce products such as bottles and containers for the food and beverage industry. Pharmaceutical, chemical, and consumer goods industries also use rigid plastics for packaging. These factors will have a positive impact on the growth of the segment during the forecast period.

Geography overview
The report provides actionable insights and estimates the contribution of all regions to the growth of the global injection molding market.

• APAC is estimated to account for 45% of the growth of the global market during the forecast period. China and India are expected to be the major revenue contributors to the regional market's growth owing to the rapid expansion of end-user industries such as e-commerce, fast-moving consumer goods (FMCG), and pharmaceuticals. Injection molding machines are used for manufacturing multi-layered packaging products to enhance protection during transit. They also can be used to reduce the costs related to damage, replacements, returns, and shipping. These factors will increase the demand for injection molding machines in the region during the forecast period.

For more insights on global, regional, and country-level parameters with growth opportunities from 2017 to 2027 - Download a sample report

Injection molding market – Market dynamics

Key trends

• New developments in injection molding technology
• Increasing innovations in the global packaging industry
• Rise in the popularity of automation in molding techniques

The introduction of new technologies is expected to gain traction in the next few years. Technologies such as methanol-to-olefins (MTO) and coal-to-olefins (CTO) will positively impact market growth during the forecast period. These technologies are more cost-effective than the production of polyethylene from naphtha. The development of polyethylene capacities with the help of CTO is expected to increase in China during the forecast period. Such developments will create new growth opportunities for vendors in the market during the projected timeframe.

Major challenges

• Volatility in raw material prices
• Stringent regulations and policies
• Rising demand for sustainable packaging solutions

Ethylene, propylene, benzene, and styrene are a few of the major raw materials used to produce injection molding. The prices of raw materials, such as polymers and resins, have been volatile since 2015. Propylene, benzene, and styrene polymers are some of the derivatives of petroleum and natural gas. The prices of these products vary with the prices of natural gas and crude oil. Therefore, frequent variations in crude oil prices have a significant impact on the price of raw materials. Such fluctuations will negatively impact the global injection molding market growth during the forecast period.

Drivers, trends, and challenges have an impact on market dynamics, which can impact businesses. Find more insights in a sample report!

What are the key data covered in this injection molding market report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the growth of the injection molding market between 2023 and 2027
• Precise estimation of the size of the injection molding market and its contribution to the parent market
• Accurate predictions about upcoming trends and changes in consumer behavior
• Growth of the injection molding market across APAC, North America, Europe, South America, and Middle East and Africa
• A thorough analysis of the market's competitive landscape and detailed information about vendors
• Comprehensive analysis of factors that will challenge the growth of injection molding market vendors

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Related Reports:

The medical injection molding machines market size is expected to increase by USD 580.96 million from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 5.77%. Furthermore, this report extensively covers market segmentation by material (plastics, rubber, and others) and geography (APAC, North America, Europe, South America, and the Middle East and Africa).

The injection molding machine market size is estimated to grow at a CAGR of 4.38% between 2022 and 2027, and the size of the market is forecasted to increase by USD 5,040.86 million. This report extensively covers market segmentation by type (plastics, rubber, and others), end-user (automotive, consumer goods, packaging, and healthcare and others), and geography (APAC, North America, Europe, South America, and Middle East and Africa).

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Table of contents

1 Executive Summary

• 1.1 Market overview
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by Type
• Exhibit 06: Executive Summary – Chart on Market Segmentation by Application
• Exhibit 07: Executive Summary – Chart on Incremental Growth
• Exhibit 08: Executive Summary – Data Table on Incremental Growth
• Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem
• Exhibit 10: Parent market
• Exhibit 11: Market Characteristics

3 Market Sizing

• 3.1 Market definition
• Exhibit 12: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 13: Market segments

• 3.3 Market size 2022

• 3.4 Market outlook: Forecast for 2022-2027 
• Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ billion)
• Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ billion)
• Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
• Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

• 4.1 Global injection molding market 2017 - 2021 
• Exhibit 18: Historic Market Size – Data Table on global injection molding market 2017 - 2021 ($ billion)

• 4.2 Product Segment Analysis 2017 - 2021 
• Exhibit 19: Historic Market Size – Product Segment 2017 - 2021 ($ billion)

• 4.3 Application Segment Analysis 2017 - 2021 
• Exhibit 20: Historic Market Size – Application Segment 2017 - 2021 ($ billion)

• 4.4 Geography Segment Analysis 2017 - 2021 
• Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ billion)

• 4.5 Country Segment Analysis 2017 - 2021 
• Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ billion)

5 Five Forces Analysis

• 5.1 Five forces summary
• Exhibit 23: Five forces analysis - Comparison between 2022 and 2027

• 5.2 Bargaining power of buyers 
• Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

• 5.3 Bargaining power of suppliers 
• Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

• 5.4 Threat of new entrants 
• Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027

• 5.5 Threat of substitutes 
• Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027

• 5.6 Threat of rivalry
• Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027

• 5.7 Market condition
• Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by Type

• 6.1 Market segments
• Exhibit 30: Chart on Type - Market share 2022-2027 (%)
• Exhibit 31: Data Table on Type - Market share 2022-2027 (%)

• 6.2 Comparison by Type
• Exhibit 32: Chart on Comparison by Type
• Exhibit 33: Data Table on Comparison by Type

• 6.3 Plastics - Market size and forecast 2022-2027 
• Exhibit 34: Chart on Plastics - Market size and forecast 2022-2027 ($ billion)
• Exhibit 35: Data Table on Plastics - Market size and forecast 2022-2027 ($ billion)
• Exhibit 36: Chart on Plastics - Year-over-year growth 2022-2027 (%)
• Exhibit 37: Data Table on Plastics - Year-over-year growth 2022-2027 (%)

• 6.4 Rubber - Market size and forecast 2022-2027 
• Exhibit 38: Chart on Rubber - Market size and forecast 2022-2027 ($ billion)
• Exhibit 39: Data Table on Rubber - Market size and forecast 2022-2027 ($ billion)
• Exhibit 40: Chart on Rubber - Year-over-year growth 2022-2027 (%)
• Exhibit 41: Data Table on Rubber - Year-over-year growth 2022-2027 (%)

• 6.5 Others - Market size and forecast 2022-2027 
• Exhibit 42: Chart on Others - Market size and forecast 2022-2027 ($ billion)
• Exhibit 43: Data Table on Others - Market size and forecast 2022-2027 ($ billion)
• Exhibit 44: Chart on Others - Year-over-year growth 2022-2027 (%)
• Exhibit 45: Data Table on Others - Year-over-year growth 2022-2027 (%)

• 6.6 Market opportunity by Type 
• Exhibit 46: Market opportunity by Type ($ billion)
• Exhibit 47: Data Table on Market opportunity by Type ($ billion)

7 Market Segmentation by Application

• 7.1 Market segments
• Exhibit 48: Chart on Application - Market share 2022-2027 (%)
• Exhibit 49: Data Table on Application - Market share 2022-2027 (%)

• 7.2 Comparison by Application 
• Exhibit 50: Chart on Comparison by Application
• Exhibit 51: Data Table on Comparison by Application

• 7.3 Packaging - Market size and forecast 2022-2027 
• Exhibit 52: Chart on Packaging - Market size and forecast 2022-2027 ($ billion)
• Exhibit 53: Data Table on Packaging - Market size and forecast 2022-2027 ($ billion)
• Exhibit 54: Chart on Packaging - Year-over-year growth 2022-2027 (%)
• Exhibit 55: Data Table on Packaging - Year-over-year growth 2022-2027 (%)

• 7.4 Automotive and transportation - Market size and forecast 2022-2027 
• Exhibit 56: Chart on Automotive and transportation - Market size and forecast 2022-2027 ($ billion)
• Exhibit 57: Data Table on Automotive and transportation - Market size and forecast 2022-2027 ($ billion)
• Exhibit 58: Chart on Automotive and transportation - Year-over-year growth 2022-2027 (%)
• Exhibit 59: Data Table on Automotive and transportation - Year-over-year growth 2022-2027 (%)

• 7.5 Electronics - Market size and forecast 2022-2027 
• Exhibit 60: Chart on Electronics - Market size and forecast 2022-2027 ($ billion)
• Exhibit 61: Data Table on Electronics - Market size and forecast 2022-2027 ($ billion)
• Exhibit 62: Chart on Electronics - Year-over-year growth 2022-2027 (%)
• Exhibit 63: Data Table on Electronics - Year-over-year growth 2022-2027 (%)

• 7.6 Consumer goods - Market size and forecast 2022-2027 
• Exhibit 64: Chart on Consumer goods - Market size and forecast 2022-2027 ($ billion)
• Exhibit 65: Data Table on Consumer goods - Market size and forecast 2022-2027 ($ billion)
• Exhibit 66: Chart on Consumer goods - Year-over-year growth 2022-2027 (%)
• Exhibit 67: Data Table on Consumer goods - Year-over-year growth 2022-2027 (%)

• 7.7 Others - Market size and forecast 2022-2027 
• Exhibit 68: Chart on Others - Market size and forecast 2022-2027 ($ billion)
• Exhibit 69: Data Table on Others - Market size and forecast 2022-2027 ($ billion)
• Exhibit 70: Chart on Others - Year-over-year growth 2022-2027 (%)
• Exhibit 71: Data Table on Others - Year-over-year growth 2022-2027 (%)

• 7.8 Market opportunity by Application 
• Exhibit 72: Market opportunity by Application ($ billion)
• Exhibit 73: Data Table on Market opportunity by Application ($ billion)

8 Customer Landscape

• 8.1 Customer landscape overview 
• Exhibit 74: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

• 9.1 Geographic segmentation 
• Exhibit 75: Chart on Market share by geography 2022-2027 (%)
• Exhibit 76: Data Table on Market share by geography 2022-2027 (%)

• 9.2 Geographic comparison 
• Exhibit 77: Chart on Geographic comparison
• Exhibit 78: Data Table on Geographic comparison

• 9.3 APAC - Market size and forecast 2022-2027 
• Exhibit 79: Chart on APAC - Market size and forecast 2022-2027 ($ billion)
• Exhibit 80: Data Table on APAC - Market size and forecast 2022-2027 ($ billion)
• Exhibit 81: Chart on APAC - Year-over-year growth 2022-2027 (%)
• Exhibit 82: Data Table on APAC - Year-over-year growth 2022-2027 (%)

• 9.4 North America - Market size and forecast 2022-2027 
• Exhibit 83: Chart on North America - Market size and forecast 2022-2027 ($ billion)
• Exhibit 84: Data Table on North America - Market size and forecast 2022-2027 ($ billion)
• Exhibit 85: Chart on North America - Year-over-year growth 2022-2027 (%)
• Exhibit 86: Data Table on North America - Year-over-year growth 2022-2027 (%)

• 9.5 Europe - Market size and forecast 2022-2027 
• Exhibit 87: Chart on Europe - Market size and forecast 2022-2027 ($ billion)
• Exhibit 88: Data Table on Europe - Market size and forecast 2022-2027 ($ billion)
• Exhibit 89: Chart on Europe - Year-over-year growth 2022-2027 (%)
• Exhibit 90: Data Table on Europe - Year-over-year growth 2022-2027 (%)

• 9.6 South America - Market size and forecast 2022-2027 
• Exhibit 91: Chart on South America - Market size and forecast 2022-2027 ($ billion)
• Exhibit 92: Data Table on South America - Market size and forecast 2022-2027 ($ billion)
• Exhibit 93: Chart on South America - Year-over-year growth 2022-2027 (%)
• Exhibit 94: Data Table on South America - Year-over-year growth 2022-2027 (%)

• 9.7 Middle East and Africa - Market size and forecast 2022-2027 
• Exhibit 95: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ billion)
• Exhibit 96: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ billion)
• Exhibit 97: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
• Exhibit 98: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)

• 9.8 US - Market size and forecast 2022-2027 
• Exhibit 99: Chart on US - Market size and forecast 2022-2027 ($ billion)
• Exhibit 100: Data Table on US - Market size and forecast 2022-2027 ($ billion)
• Exhibit 101: Chart on US - Year-over-year growth 2022-2027 (%)
• Exhibit 102: Data Table on US - Year-over-year growth 2022-2027 (%)

• 9.9 China - Market size and forecast 2022-2027 
• Exhibit 103: Chart on China - Market size and forecast 2022-2027 ($ billion)
• Exhibit 104: Data Table on China - Market size and forecast 2022-2027 ($ billion)
• Exhibit 105: Chart on China - Year-over-year growth 2022-2027 (%)
• Exhibit 106: Data Table on China - Year-over-year growth 2022-2027 (%)

• 9.10 Japan - Market size and forecast 2022-2027 
• Exhibit 107: Chart on Japan - Market size and forecast 2022-2027 ($ billion)
• Exhibit 108: Data Table on Japan - Market size and forecast 2022-2027 ($ billion)
• Exhibit 109: Chart on Japan - Year-over-year growth 2022-2027 (%)
• Exhibit 110: Data Table on Japan - Year-over-year growth 2022-2027 (%)

• 9.11 India - Market size and forecast 2022-2027 
• Exhibit 111: Chart on India - Market size and forecast 2022-2027 ($ billion)
• Exhibit 112: Data Table on India - Market size and forecast 2022-2027 ($ billion)
• Exhibit 113: Chart on India - Year-over-year growth 2022-2027 (%)
• Exhibit 114: Data Table on India - Year-over-year growth 2022-2027 (%)

• 9.12 Germany - Market size and forecast 2022-2027 
• Exhibit 115: Chart on Germany - Market size and forecast 2022-2027 ($ billion)
• Exhibit 116: Data Table on Germany - Market size and forecast 2022-2027 ($ billion)
• Exhibit 117: Chart on Germany - Year-over-year growth 2022-2027 (%)
• Exhibit 118: Data Table on Germany - Year-over-year growth 2022-2027 (%)

• 9.13 Market opportunity by geography 
• Exhibit 119: Market opportunity by geography ($ billion)
• Exhibit 120: Data Tables on Market opportunity by geography ($ billion)

10 Drivers, Challenges, and Trends

• 10.1 Market drivers

• 10.2 Market challenges

• 10.3 Impact of drivers and challenges 
• Exhibit 121: Impact of drivers and challenges in 2022 and 2027

• 10.4 Market trends

11 Vendor Landscape

• 11.1 Overview

• 11.2 Vendor landscape
• Exhibit 122: Overview on Criticality of inputs and Factors of differentiation

• 11.3 Landscape disruption
• Exhibit 123: Overview on factors of disruption

• 11.4 Industry risks
• Exhibit 124: Impact of key risks on business

12 Vendor Analysis

• 12.1 Vendors covered
• Exhibit 125: Vendors covered

• 12.2 Market positioning of vendors 
• Exhibit 126: Matrix on vendor position and classification

• 12.3 All Plastics LLC
• Exhibit 127: All Plastics LLC - Overview
• Exhibit 128: All Plastics LLC - Product / Service
• Exhibit 129: All Plastics LLC - Key offerings

• 12.4 Biomerics LLC
• Exhibit 130: Biomerics LLC - Overview
• Exhibit 131: Biomerics LLC - Product / Service
• Exhibit 132: Biomerics LLC - Key offerings

• 12.5 C and J Industries Inc. 
• Exhibit 133: C and J Industries Inc. - Overview
• Exhibit 134: C and J Industries Inc. - Product / Service
• Exhibit 135: C and J Industries Inc. - Key offerings

• 12.6 Currier Plastics Inc. 
• Exhibit 136: Currier Plastics Inc. - Overview
• Exhibit 137: Currier Plastics Inc. - Product / Service
• Exhibit 138: Currier Plastics Inc. - Key offerings

• 12.7 D and M Plastics LLC
• Exhibit 139: D and M Plastics LLC - Overview
• Exhibit 140: D and M Plastics LLC - Product / Service
• Exhibit 141: D and M Plastics LLC - Key offerings

• 12.8 EVCO Plastics
• Exhibit 142: EVCO Plastics - Overview
• Exhibit 143: EVCO Plastics - Product / Service
• Exhibit 144: EVCO Plastics - Key offerings

• 12.9 Formplast GmbH
• Exhibit 145: Formplast GmbH - Overview
• Exhibit 146: Formplast GmbH - Product / Service
• Exhibit 147: Formplast GmbH - Key offerings

• 12.10 Hehnke GmbH and Co KG 
• Exhibit 148: Hehnke GmbH and Co KG - Overview
• Exhibit 149: Hehnke GmbH and Co KG - Product / Service
• Exhibit 150: Hehnke GmbH and Co KG - Key offerings

• 12.11 H and K Muller GmbH and Co. KG 
• Exhibit 151: H and K Muller GmbH and Co. KG - Overview
• Exhibit 152: H and K Muller GmbH and Co. KG - Product / Service
• Exhibit 153: H and K Muller GmbH and Co. KG - Key offerings

• 12.12 HTI Plastics
• Exhibit 154: HTI Plastics - Overview
• Exhibit 155: HTI Plastics - Product / Service
• Exhibit 156: HTI Plastics - Key offerings

• 12.13 Majors Plastics Inc.
• Exhibit 157: Majors Plastics Inc. - Overview
• Exhibit 158: Majors Plastics Inc. - Product / Service
• Exhibit 159: Majors Plastics Inc. - Key offerings

• 12.14 Proto Labs Inc.
• Exhibit 160: Proto Labs Inc. - Overview
• Exhibit 161: Proto Labs Inc. - Business segments
• Exhibit 162: Proto Labs Inc. - Key offerings
• Exhibit 163: Proto Labs Inc. - Segment focus

• 12.15 The Rodon Group
• Exhibit 164: The Rodon Group - Overview
• Exhibit 165: The Rodon Group - Product / Service
• Exhibit 166: The Rodon Group - Key offerings

• 12.16 Tessy Plastics Corp.
• Exhibit 167: Tessy Plastics Corp. - Overview
• Exhibit 168: Tessy Plastics Corp. - Product / Service
• Exhibit 169: Tessy Plastics Corp. - Key offerings

• 12.17 TR Electronic
• Exhibit 170: TR Electronic - Overview
• Exhibit 171: TR Electronic - Product / Service
• Exhibit 172: TR Electronic - Key offerings

13 Appendix

• 13.1 Scope of the report

• 13.2 Inclusions and exclusions checklist 
• Exhibit 173: Inclusions checklist
• Exhibit 174: Exclusions checklist

• 13.3 Currency conversion rates for US$ 
• Exhibit 175: Currency conversion rates for US$

• 13.4 Research methodology
• Exhibit 176: Research methodology
• Exhibit 177: Validation techniques employed for market sizing
• Exhibit 178: Information sources

• 13.5 List of abbreviations 
• Exhibit 179: List of abbreviations

About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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Technavio Research
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Email: [email protected]
Website: www.technavio.com/

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