Press release
Injection Molded Plastics Market is Worth USD 498.98 billion by 2027 | Companies Covered - BASF SE, Dow Inc., DuPont, HTI Plastics, LyondellBasell
The global injection molded plastics market is expected to gain momentum from their rising applications in a wide variety of industries, such as medical, electrical & electronics, building & construction, packaging, and automotive. Fortune Business Insights™ provided this information in a new report, titled, "Injection Molded Plastics Market Size, Share & Industry Analysis and Regional Forecast, 2020-2027." The report further states that the injection molded plastics market size stood at USD 360.06 billion in 2019 and it is projected to reach USD 498.98 billion by 2027, exhibiting a CAGR of 4.80% during the forecast period.
Get a Sample PDF Brochure:
https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/injection-molded-plastics-market-101970
The outbreak of the COVID-19 pandemic is likely to cause a mixed growth for the market. The demand for injection molded plastics would decline from electrical & electronics, building & construction, and automotive industries. But, it would surge from the medical and packaging industries. We are delivering special research reports to help you regain business confidence at such a difficult phase.
This Report Answers the Following Questions:
What are the market growth drivers, hindrances, and dynamics?
Which region and segment would dominate the market in the coming years?
Which companies would lead the market by generating the largest revenue?
How will the companies increase sales of injection molded plastics amid the COVID-19 pandemic?
Drivers & Restraints-
Increasing Usage in Food & Beverages Industry to Drive Growth
Injection molded plastics are nowadays being majorly used in packaging applications. It is experiencing high demand from the food and beverage industry as the material is capable of keeping food items safe. They are extensively used to manufacture bottles, containers, closures, and caps. A container made with injection molded plastic is lead-resistant and clear. Therefore, it keeps food and beverages fresh for a longer period of time. At the same time, these plastics are microwavable, washable, and reusable. These factors are set to propel the injection molded plastics market growth in the coming years.
Browse Summary:
https://www.fortunebusinessinsights.com/injection-molded-plastics-market-101970
Segment-
Packaging Segment to Grow Considerably Stoked by Increasing Demand from People
Based on application, the packaging segment held 35.59% in terms of injection molded plastics market share in 2019. The retail, pharmaceutical, and food & beverages applications are the main contributors to growth. This is because people are rapidly shifting towards plastic packaging from metal and glass ones.
Regional Analysis-
Asia Pacific to Remain at Forefront Owing to High Population & Urbanization
In 2019, North America procured USD 51.11 billion in terms of revenue. The growth in this region is attributable to the presence of several reputed companies, as well as the increasing demand from the electronics and packaging industries. Asia Pacific is expected to dominate throughout the forthcoming years, with China being the major contributor. Rapid urbanization and increasing population would help the market for injection molded plastics in this region to grow.
Competitive Landscape-
Key Players Aim to Broaden Their Existing Facilities to Intensify Competition
Most of the companies present in the market for injection molded plastics are located in Asia Pacific. Those situated in Europe and North America are striving to strengthen their positions by expanding their existing facilities. Below is one of the latest industry developments:
September 2019: Toshiba Corporation broadened its U.S. Injection Molding Division. It has shifted to a 58,000 ft2 facility that includes powering up machines for complete inspections of machines, delivering special options on custom orders, making software updates, and conducting test runs.
Fortune Business Insights™ presents a list of all the renowned injection molded plastics manufacturers operating in the market. They are as follows:
BASF SE
Dow Inc.
DuPont
HTI Plastics
Valder Kunststoffverarbeitungs GmbH
LyondellBasell
Toshiba Corporation
Coastal Plastic Molding, Inc.
Huntsman Corporation
Magna International Inc.
Others
Inquire Before Buying This Report:
https://www.fortunebusinessinsights.com/enquiry/queries/injection-molded-plastics-market-101970
Contact Us:
Fortune Business Insights™ Pvt. Ltd.
308, Supreme Headquarters,
Survey No. 36, Baner,
Pune-Bangalore Highway,
Pune - 411045, Maharashtra, India.
Phone:
US: +1 424 253 0390
UK: +44 2071 939123
APAC: +91 744 740 1245
Email: sales@fortunebusinessinsights.com
Fortune Business Insights™
Linkedin | Twitter | Blogs
About Us:
Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them to address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.
Get a Sample PDF Brochure:
https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/injection-molded-plastics-market-101970
The outbreak of the COVID-19 pandemic is likely to cause a mixed growth for the market. The demand for injection molded plastics would decline from electrical & electronics, building & construction, and automotive industries. But, it would surge from the medical and packaging industries. We are delivering special research reports to help you regain business confidence at such a difficult phase.
This Report Answers the Following Questions:
What are the market growth drivers, hindrances, and dynamics?
Which region and segment would dominate the market in the coming years?
Which companies would lead the market by generating the largest revenue?
How will the companies increase sales of injection molded plastics amid the COVID-19 pandemic?
Drivers & Restraints-
Increasing Usage in Food & Beverages Industry to Drive Growth
Injection molded plastics are nowadays being majorly used in packaging applications. It is experiencing high demand from the food and beverage industry as the material is capable of keeping food items safe. They are extensively used to manufacture bottles, containers, closures, and caps. A container made with injection molded plastic is lead-resistant and clear. Therefore, it keeps food and beverages fresh for a longer period of time. At the same time, these plastics are microwavable, washable, and reusable. These factors are set to propel the injection molded plastics market growth in the coming years.
Browse Summary:
https://www.fortunebusinessinsights.com/injection-molded-plastics-market-101970
Segment-
Packaging Segment to Grow Considerably Stoked by Increasing Demand from People
Based on application, the packaging segment held 35.59% in terms of injection molded plastics market share in 2019. The retail, pharmaceutical, and food & beverages applications are the main contributors to growth. This is because people are rapidly shifting towards plastic packaging from metal and glass ones.
Regional Analysis-
Asia Pacific to Remain at Forefront Owing to High Population & Urbanization
In 2019, North America procured USD 51.11 billion in terms of revenue. The growth in this region is attributable to the presence of several reputed companies, as well as the increasing demand from the electronics and packaging industries. Asia Pacific is expected to dominate throughout the forthcoming years, with China being the major contributor. Rapid urbanization and increasing population would help the market for injection molded plastics in this region to grow.
Competitive Landscape-
Key Players Aim to Broaden Their Existing Facilities to Intensify Competition
Most of the companies present in the market for injection molded plastics are located in Asia Pacific. Those situated in Europe and North America are striving to strengthen their positions by expanding their existing facilities. Below is one of the latest industry developments:
September 2019: Toshiba Corporation broadened its U.S. Injection Molding Division. It has shifted to a 58,000 ft2 facility that includes powering up machines for complete inspections of machines, delivering special options on custom orders, making software updates, and conducting test runs.
Fortune Business Insights™ presents a list of all the renowned injection molded plastics manufacturers operating in the market. They are as follows:
BASF SE
Dow Inc.
DuPont
HTI Plastics
Valder Kunststoffverarbeitungs GmbH
LyondellBasell
Toshiba Corporation
Coastal Plastic Molding, Inc.
Huntsman Corporation
Magna International Inc.
Others
Inquire Before Buying This Report:
https://www.fortunebusinessinsights.com/enquiry/queries/injection-molded-plastics-market-101970
Contact Us:
Fortune Business Insights™ Pvt. Ltd.
308, Supreme Headquarters,
Survey No. 36, Baner,
Pune-Bangalore Highway,
Pune - 411045, Maharashtra, India.
Phone:
US: +1 424 253 0390
UK: +44 2071 939123
APAC: +91 744 740 1245
Email: sales@fortunebusinessinsights.com
Fortune Business Insights™
Linkedin | Twitter | Blogs
About Us:
Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them to address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.
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