Global Injection Molded Plastic Market Competitive Strategies and Forecasts 2021-2029: Diverse Range of Applications in Ever-Expanding Industries – ResearchAndMarkets.com

DUBLIN–(BUSINESS WIRE)–The “Injection Molded Plastic Market Size, Market Share, Application Analysis, Regional Outlook, Growth Trends, Key Players, Competitive Strategies and Forecasts, 2021 to 2029” report has been added to ResearchAndMarkets.com’s offering.

The Injection Molded Plastic Market is expected to grow at a compound annual growth rate of 4.6% for the forecasted period. The rise is primarily due to broad range of applications in ever-expanding industries.

This report covers all the quantitative aspects of the injection molded plastic market and also talks about its key drivers, the challenges it faces, the growth opportunities present in the market, and its future prospects.

The market has been categorized and sub-categorized on the basis of Raw Material, Application and Regional Basis. On the basis of Raw material, polypropylene dominated the market with a share of over 30%, for the year 2020 attributable to its growing demand in the automotive industry, household goods and packaging applications. However, the slowing or halting of production activities to prevent the spread of the coronavirus pandemic has resulted in a decrease in polypropylene consumption, affecting its demand in a variety of applications. During the application review of this market, the packaging industry was the market leader for 2020.

Injection molded plastics are used to create complicated and elaborate shaped items with high precision and minimal waste. High quality injection molded plastics are used in a wide variety of areas. Homes, commercial buildings, transportation, industrial equipment and battlefield protection are just a few applications. High quality injection molded plastics are also used in everyday consumer items such as clothing, footwear, cleaning solutions and personal care items. The major compelling factors of Injection Molded Plastic Market are wide range of applications in ever-expanding industries. The packaging industry, in particular food packaging, is the driver of this industry as IMP is used to manufacture a vast array of products, including caps, containers, bottles and many more. These are all reusable, leak-resistant, washable, microwavable products, creating great demand amongst people, owing to their advantages. Moreover, the technological developments in the injection molding market are likely to boost the growth of injection molded plastics, as new packaging is eco-friendly and 100% recyclable. Different government bodies also support recyclable packaging, which will reduce carbon footprint.

By 2028, the injection molded plastics market in Europe is estimated to reach over USD 90 billion. Cosmetics and toiletries, pharmaceuticals, and home chemicals are among the non-food and beverage packaging applications in Europe. Consumables and electronics applications are predicted to grow in response to rising demand for electronic appliances such as laptops and cell phones, notably in the United Kingdom, Germany, and France. Over the projected period, the European automobile sector is likely to continue to fuel regional demand.

Key Topics Covered:

Chapter 1. Preface

Chapter 2. Executive Summary

Chapter 3. Injection Molded Plastic Market: Market Dynamics and Future Outlook

3.1. Market Overview

3.2. Current Scenario: New Product Launches, Increase in Animal Free Testing

3.3. Drivers

3.3.1. Diverse Range of Applications in Ever-Expanding Industries

3.3.2. Low labor costs and the advantage of mass production

3.4. Challenges

3.4.1. Increased environmental concerns

3.4.2. Raw material prices are fluctuating

3.5. Opportunities

3.5.1. Application of Robotics in Injection Molding

3.6. Attractive Investment Proposition, by Geography, 2020

3.7. Competitive Landscape (Key Players)

Chapter 4. Injection Molded Plastic Market, By Raw Material, 2019 – 2029 (US$ Mn)

Chapter 5. Injection Molded Plastic Market, By Application, 2019 – 2029 (US$ Mn)

Chapter 6. Injection Molded Plastic Market, By Regional Market Analysis, 2019 – 2029 (US$ Mn)

Chapter 7. North America Injection Molded Plastic Market, Regional Market Analysis, 2019 – 2029 (US$ Mn)

Chapter 8. Latin America Injection Molded Plastic Market, Regional Market Analysis, 2019 – 2029 (US$ Mn)

Chapter 9. Europe Injection Molded Plastic Market, Regional Market Analysis, 2019 – 2029 (US$ Mn)

Chapter 10. Asia Pacific Injection Molded Plastic Market, Regional Market Analysis, 2019 – 2029 (US$ Mn)

Chapter 11. Middle East & Africa (MEA)Injection Molded Plastic Market, Regional Market Analysis, 2019 – 2029 (US$ Mn)

Chapter 12. Company Profiles

• Exxon Mobil Corporation
• LyondellBasell Industries Holdings B.V.
• Huntsman Corporation
• 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.

For more information about this report visit https://www.researchandmarkets.com/r/wxlix7

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