Press
Release

Packaging Segment to Hold Leading Share of the Global Injection Molded Plastics Market: TMR Study

• – Demand for plastic components is growing in end-use industries such as automotive, consumer goods and electronics, and packaging, leading to growth in market
• – Segment for polypropylene to dominate growth under the raw material category in the global injection molded plastics market over the forecast period of 2019 to 2027

Transparency Market Research, New York: A host of factors is supporting growth in the global injection molded plastics market, taking it on a higher growth trajectory over the forecast period of 2019 to 2027. This includes anticipated growth in demand for rigid packaging, automotive and transportation.

“Over the forecast period of 2019 to 2027, the global injection molded plastics market will grow at a CAGR of more than 5%. This is set to pull the market worth up from ~USD 250 billion in the year of 2018 to about USD 410 billion by 2027”, notes Transparency Market Research.

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Key Findings of Global Injection Molded Plastics Market Study:

• – The polymer material most widely used for production of injection molded plastics is polypropylene
• – Under the raw material segment, it will hold a sizeable share of the market over the forecast period
• – Under the applications segment, packaging will hold the dominant share of the market over the forecast period
• – The consumables and electronics segment will grow at a CAGR of about 6% from 2019 to 2027

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Key Drivers of Growth in Global Injections Molded Plastics Market:

• – Increase in demand for rigid packaging is a major factor leading to growth in the global injections molded plastics
• – These packaging solutions are in high demand for storage of liquid products such as chemicals and petroleum products
• – Growth in personal care market is set to drive growth in global injection molded plastics market
• Increase in disposable income is set to be another leading growth factor in the market over the forecast period
• – Players focusing on innovation are paving way for future growth in the market

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Regional Analysis of Global Injections Molded Plastics Market:

• – Asia Pacific (APAC) region has held a sizeable share of the market in the past and it is anticipated to hold it over the forecast period as well
• – Primary reasons behind this growth will include growing need for plastic consumable as well as flexible and rigid packaging
• – Impressive growth in the chemicals industry is also set to contribute to growth in the region
• – India and China will account for a major share of demand for injection molded plastics owing to increase in disposable income in these countries and robust economic growth

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Competitive Landscape of Global Injections Molded Plastics Market:

The vendor landscape of global injections molded plastics market is fragmented to a high degree and this is majorly attributable to presence of a multitude of players – big and small. Some of the most notable names in this market are BASF SE, Dow Chemicals, DuPont, LyondellBasell, SABIC, Huntsman International, Exxon Mobil Corporation, and Ineous, among others. These are covered in the market report prepared by Transparency Market Research. The report also covers other aspects of the competitors’ landscape such as financials, key strategies, and product information.

It is pertinent to note here that as far as key strategies for growth are concerned, automation holds a prominent place and so does development of materials that pose fewer burdens on the environment.

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Market Segmentation:

Injection Molded Plastics Market: Application

• – Packaging
• – Acrylonitrile Butadiene Styrene (ABS)
• – Consumables & Electronics
• – Automotive & Transportation
• – Building & Construction
• – Others

Injection Molded Plastics Market: Raw Material

• – Polypropylene
• – Acrylonitrile Butadiene Styrene (ABS)
• – High Density Polyethylene (HDPE)
• – Polystyrene
• – Others

Injection Molded Plastics Market: Regional Analysis

• – North America
• – Europe
  • – Poland
  • – Hungary
  • – Czech Republic
• – Asia Pacific
  • – China
  • – India
  • – Japan
  • – South Korea
  • – Thailand
  • – Indonesia
• – Latin America
  • – Brazil
  • – Mexico
  • – Americas
• – Middle East

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