Global Competitive Strategies and Forecasts for Injection Molding Plastics Market 2021-2029: Diverse Application Areas in Ever-Growing Industries – ResearchAndMarkets.com
DUBLIN – (BUSINESS WIRE) – The report “Market Size, Share, Application Analysis, Regional Outlook, Growth Trends, Key Players, Competitive Strategies and Forecasts, 2021-2029” has been added ResearchAndMarkets.com to offer.
The injection molded plastics market is expected to grow at an average annual growth rate of 4.6% over the forecast period. The increase is mainly due to a wide range of applications in constantly growing industries.
This report covers all the quantitative aspects of the Plastic Injection Molding market, and also talks about its key drivers, the challenges, the opportunities for growth present in the market, and its future prospect.
The market has been categorized and subordinated according to raw materials, application and regional basis. On a raw material basis, polypropylene dominated the market with a share of over 30% for 2020 due to its increasing demand in the automotive industry, housewares and packaging applications. However, the slowdown or cessation of production activities to prevent the spread of the coronavirus pandemic has resulted in a decrease in polypropylene consumption, which is affecting demand in a wide variety of applications. In the application review of this market, the packaging industry was the market leader for 2020.
Injection molded plastics are used to produce intricate and elaborate molded parts with high precision and minimal waste. High-quality injection-molded plastics are used in a wide variety of areas. Residential houses, commercial buildings, transportation, industrial plants and combat protection are just a few of the applications. High quality injection molded plastics are also used in everyday items such as clothing, shoes, cleaning solutions, and personal care items. The main compelling drivers of the plastic injection molding market are a wide range of applications in ever-growing industries. The packaging industry, especially food packaging, is the driving force behind this industry as IMP is used to make a wide variety of products, including closures, containers, bottles, and more. These are all reusable, leak-proof, washable, and microwave-safe products that are generating great demand among people because of their benefits. In addition, technological developments in the injection molding market are likely to spur the growth of injection molded plastics as new packaging is environmentally friendly and 100% recyclable. Various government agencies also support recyclable packaging that reduces the carbon footprint.
The injection molded plastics market in Europe is estimated to be over $ 90 billion by 2028. Cosmetics and toiletries, pharmaceuticals and household chemicals are among the applications for non-food and beverage packaging in Europe. Consumables and electronics applications are expected to grow in response to increasing demand for electronic devices such as laptops and cell phones, particularly in the UK, Germany and France. In the forecast period, the European automotive sector should continue to stimulate regional demand.
Key topics covered:
Chapter 1. Preface
Chapter 2. Summary
Chapter 3. Injection Molded Plastics Market: Market Dynamics and Future Prospects
3.1. Market overview
3.2. Current scenario: new product launches, increase in non-animal testing
3.3.1. Diverse range of applications in constantly growing industries
3.3.2. Low labor cost and the advantage of mass production
3.4.1. Increased environmental concerns
3.4.2. Commodity prices fluctuate
3.5.1. Application of robotics in injection molding
3.6. Attractive investment offer, by geography, 2020
3.7. Competitive landscape (main actors)
Chapter 4. Plastic Injection Molding Market by Raw Material, 2019-2029 (US $ Mn)
Chapter 5. Plastic Injection Molding Market by Application, 2019-2029 (US $ Mn)
Chapter 6. Plastic Injection Molding Market By Regional Market Analysis, 2019-2029 (MILLION USD)
Chapter 7. North America Injection Molding Plastics Market, Regional Market Analysis, 2019-2029 (MILLION USD)
Chapter 8. Latin America Injection Molding Plastics Market, Regional Market Analysis, 2019-2029 (MILLION USD)
Chapter 9. Europe Injection Molding Plastics Market, Regional Market Analysis, 2019-2029 (MILLION USD)
Chapter 10. Asia-Pacific Injection Molding Plastics Market, Regional Market Analysis, 2019-2029 (MILLION USD)
Chapter 11.Middle East and Africa (MEA) Injection Molding Plastics Market, Regional Market Analysis, 2019-2029 (MILLION USD)
Chapter 12. Company Profiles
Exxon Mobil Corporation
LyondellBasell Industries Holdings BV
Dow Chemical Company
Eastman Chemical Company
China National Petroleum Corporation (CNPC)
Saudi Basic Industries Corporation (SABIC)
INEOS Group Holdings SA
Baoding Swan Fiber Co. Ltd.
Berry Global Inc.
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