Injection Molded Plastic Market Forecasts Robust Growth Driven by Increasing Demand for Lightweight and Durable Materials
The injection molded plastic market is a dynamic and rapidly evolving sector with significant growth potential. The widespread use of injection molding began after World War II and can even be found in the LEGO toys kids play with; yes, that’s right, it is vastly used and is prevalent, from the water bottle to the space shuttle and satellites outer space. This versatile manufacturing process allows for the cost-effective mass production of complex plastic components. But how big is the injection molded plastics market, and what’s driving its growth? Current Market Landscape As of 2023, the market size was estimated at USD 330.41 billion and is projected to grow at a compound annual growth rate of 3.4% from 2024 to 2030. The market’s steady growth is largely due to the increasing demand for plastic parts across various industries, from complex automotive to simple packaging and from regular home appliances to life-saving medical devices; injection molding can make them all. Gather m