Rising Adoption: Injection Molded Plastics Market Expands Across Industries

The total value of the global injection molded plastics market was USD 288.9 billion in 2022, and it will rise at a growth rate of above 4.5% shortly, reaching USD 409.2 billion by 2030, according to P&S Intelligence. This growth can be credited to the increasing demand for machinery manufactures of plastic across industries, like home appliances, automotive, packaging, and medical devices. The increasing demand for medicinal components boosts the consumption of medicinal-grade items, to fulfill medicinal hygiene and well-being standards.

In 2022, Polypropylene had the largest share, of approximately 40%, credited to its lightweight moisture resistance, nature, moisture resistance, shock resistance, high molding capacity, low cost, and brilliant compatibility with food applications, especially in terms of wrapping safety.

In 2022, among all applications, packaging led the industry, with approximately 30% share thus, the boom of the packing industry is a main boosting reason for the industry. The growing demand for plastic closures and caps is driven by the lasting shift in the customer packaging sector from glass and metals to polymers, due to the latter’s less space necessity (which makes the most of storage space), durability, lower weight, cost-effectiveness, and versatility.

The automotive sector is one of the fastest-rising end users of injection-molded plastics. In the coming few years, the development of the Asian automotive sector, mainly in India and China, will boost the demand for such materials.

Hence, the increasing demand for machinery manufacturer of plastic across industries, like home appliances, automotive, packaging, and medical devices are the major factors propelling the injection molded plastics industry.  

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