North America Injection Molded Plastic Market Size & Outlook
- Plastics Polymers & Resins
- Processed Plastics
- Injection Molded Plastic Market Outlook
- Processed Plastics
Global Market
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North America injection molded plastic market highlights
- The North America injection molded plastic market generated a revenue of USD 62,166.6 million in 2023.
- The market is expected to grow at a CAGR of 2.7% from 2024 to 2030.
- In terms of segment, polypropylene was the largest revenue generating raw material in 2023.
- Polypropylene is the most lucrative raw material segment registering the fastest growth during the forecast period.
- Country-wise, Mexico is expected to register the highest CAGR from 2024 to 2030.
North America data book summary
| Market revenue in 2023 | USD 62,166.6 million |
| Market revenue in 2030 | USD 74,970.0 million |
| Growth rate | 2.7% (CAGR from 2023 to 2030) |
| Largest segment | Polypropylene |
| Fastest growing segment | Polypropylene |
| Historical data covered | 2019 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Polypropylene, Acrylonitrile butadiene styrene, High-density polyethylene, Polystyrene, Other Raw Materials |
| Key market players worldwide | Exxon Mobil Corp, Basf SE, DuPont de Nemours Inc, Dow Inc, Huntsman Corp, Eastman Chemical Co, INEOS, LyondellBasell Industries NV Class A, SABIC, Magna International Inc, IAC Inc Ordinary Shares - New, Berry Global Group Inc, HTI Plastics, AptarGroup Inc, The Rodon Group |
Other key industry trends
- In terms of revenue, North America region accounted for 18.8% of the global injection molded plastic market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 181,994.6 million by 2030.
Increasing packaging demand from the food & beverage industry is expected to remain a key driving factor for North America’s injection molded plastics market over the forecast period. Increasing demand for processed foods and soft drinks & alcohol is expected to be responsible for food & beverage industry growth over the past few years.
The growth of the building & construction industry in the U.S. is expected to positively influence North America’s injection molded plastics market over the forecast period. Building & construction industry in the U.S. is expected to show signs of recovery over the forecast period.
The furniture & furnishing segment in construction and buildings are expected to increase plastic demand significantly. This factor is also likely to drive injection molded plastics demand. Increasing electronic appliances such as microwave ovens, washing machines, and refrigerators.
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Injection Molded Plastic Market Scope
Injection Molded Plastic Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Basf SE | View profile | 111,855 | Carl-Bosch-Strasse 38, Ludwigshafen am Rhein, Germany, 67056 | www.basf.com |
| AptarGroup Inc | View profile | 13,800 | 265 Exchange Drive, Suite 301, Crystal Lake, IL, United States, 60014 | www.aptar.com |
| Dow Inc | View profile | 35,900 | 2211 H.H. Dow Way, Midland, MI, United States, 48674 | www.dow.com |
| Huntsman Corp | View profile | 6,000 | 10003 Woodloch Forest Drive, The Woodlands, TX, United States, 77380 | www.huntsman.com |
| LyondellBasell Industries NV Class A | View profile | 20,000 | One Vine Street, 4th Floor, London, United Kingdom, W1J0AH | www.lyondellbasell.com |
| Exxon Mobil Corp | View profile | 61,500 | 22777 Springwoods Village Parkway, Spring, TX, United States, 77389-1425 | www.exxonmobil.com |
| DuPont de Nemours Inc | View profile | 24,000 | 974 Centre Road, Building 730, Wilmington, DE, United States, 19805 | www.dupont.com |
| Eastman Chemical Co | View profile | 14,000 | 200 South Wilcox Drive, Kingsport, TN, United States, 37662 | www.eastman.com |
| Berry Global Group Inc | View profile | 44,000 | 101 Oakley Street, Evansville, IN, United States, 47710 | www.berryglobal.com |
| SABIC | View profile | 10001+ | Riyadh, Ar Riyad, Saudi Arabia, Asia | www.sabic.com |
North America Injection Molded Plastic Market Outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to Injection Molded Plastic Market Outlook will help companies and investors design strategic landscapes.
Polypropylene was the largest segment with a revenue share of 36.94% in 2023.
Horizon Databook has segmented the North America injection molded plastic market based on polypropylene, acrylonitrile butadiene styrene, high-density polyethylene, polystyrene, other raw materials covering the revenue growth of each sub-segment from 2019 to 2030.
Increasing packaging demand from the food & beverage industry is expected to remain a key driving factor for North America’s injection molded plastics market over the forecast period. Increasing demand for processed foods and soft drinks & alcohol is expected to be responsible for food & beverage industry growth over the past few years.
The growth of the building & construction industry in the U.S. is expected to positively influence North America’s injection molded plastics market over the forecast period. Building & construction industry in the U.S. is expected to show signs of recovery over the forecast period.
The furniture & furnishing segment in construction and buildings are expected to increase plastic demand significantly. This factor is also likely to drive injection molded plastics demand. Increasing electronic appliances such as microwave ovens, washing machines, and refrigerators.
- North America Injection Molded Plastic Market Raw Material Outlook (Revenue, USD Million , 2019-2030)
- Polypropylene
- Acrylonitrile butadiene styrene
- High-density polyethylene
- Polystyrene
- Other Raw Materials
- North America Injection Molded Plastic Market Application Outlook (Revenue, USD Million , 2019-2030)
- Packaging
- Consumables & Electronics
- Automotive & Transportation
- Building & Construction
- Medical
- Other Applications
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Horizon Databook provides a detailed overview of continent-level data and insights on the North America Injection Molded Plastic Market Outlook, including forecasts for subscribers. This continent databook contains high-level insights into North America Injection Molded Plastic Market Outlook from 2019 to 2030, including revenue numbers, major trends, and company profiles.
North America Injection Molded Plastic Market, 2019-2030 (US$M)
North America injection molded plastic market outlook statistics, by raw material, 2019-2030 (Kilo Tons)
