September 12, 2022 13:30 ET | Source: Transparency Market Research Transparency Market Research

Albany, New York, UNITED STATES

Wilmington, Delaware, United States, Sept. 12, 2022 (GLOBE NEWSWIRE) -- Transparency Market Research Inc. - The global injection molded plastics market is set to expand at a stable CAGR of 5.5% during the forecast period of 2019 to 2027. Rising disposable income, particularly in BRICS nations, is creating substantial increment opportunities for various industries, including houseware, personal care and cosmetic products, electronics, and consumer goods. Growing applications of injection molded plastic products in these end-use industries verticals is anticipated to favor the expansion of the industry in next few years.

The packaging industry dominates the landscape of the global injection molded plastics market in terms of demand. Additionally, the rising demands from consumer goods and electronic devices industries are also expected to supplement the expansion of the global injection molded plastics market in the coming years. In addition to this, the steady expansion of the housewares industry is also anticipated to fuel the growth of the global injection molded plastics market in the coming years.

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Injection Molded Plastics Market – Key Findings of the Report

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Injection Molded Plastics Market – Growth Drivers

Injection Molded Plastics Market – Key Players

The leading companies in the global injection molded plastics market are Dow Chemicals, Lyondell Basell, Huntsman International, INEOS, BASF SE, DuPont, SABIC, and Exxon Mobil Corporation, among others. The participants in the global injection molded plastics market are primarily focusing on integrating automation in their production facilities to reduce the time and cost required for their manufacturing. Furthermore, several companies in the global injection molded plastics market are also focused on the development of novel plastic materials that reduce the burden on the environment.

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Injection Molded Plastics Market – Regional Growth Dynamics

Asia Pacific dominated the global injection molded plastics market in 2018. This trend can be attributed to rising utilization of injection molded plastic products for flexible, as well as rigid packaging in the region, and the rising use of plastic consumables in various household applications. In addition to this, the increasing demand from economies such as India and China is also positively influencing the growth of Asia Pacific injection molded plastics market. This trend is further bolstered by the rising disposable income of the consumers from these economies, as well as the rising usage of products in the global injection molded plastics market for storage of petroleum, chemical, and industrial liquid products.

Injection Molded Plastics Market: Segmentation

Injection Molded Plastics Market, by Raw Material

Injection Molded Plastics Market, by Application

Injection Molded Plastics Market, by Region

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