According to the recent study the injection molded plastic market is projected to reach an estimated $XX billion by 2028 from $XX billion in 2023, at a CAGR of 4% to 6% from 2023 to 2028. Growth in this market is primarily driven by growing demand for plastic components from various end-use industries, increasing government regulations towards energy efficient buildings and smart building technologies, and low production costs high reproducibility.
Browse XX figures / charts and XX tables in this 150 -page report to understand trends, opportunities and forecast in 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).
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“Polypropylene market is expected to remain the largest segment during the forecast period.”
Based on raw material, the injection molded plastic market is segmented into polypropylene, acrylonitrile butadiene styrene, high-density polyethylene (HDPE), and polystyrene. Lucintel forecasts that the polypropylene market is expected to remain the largest segment 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 the injection molded plastic market, the packaging segment is expected to remain the largest application”
Based on application the packaging segment is expected to witness the highest growth over the 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.
“Asia pacific will dominate the injection molded plastic market in near future”
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.
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Major players of injection molded plastic market are adopting various growth strategies like new product launches, expansions, merger and acquisitions, partnerships, agreements, and collaborations to expand their presence in this market. SABIC, Ineos, BASF, Dupont, Magna, ExxonMobil, Eastman Chemicals, Becton Dickinson, LyondellBasell, and The Dow Chemical are among the major injection molded plastic providers.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/injection-molded-plastic-market.aspx or helpdesk@lucintel.com
