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Injection Molding Market To Reach $462,437.7Mn By 2033

Injection Molding Market To Reach $462,437.7 Million By 2033

September 2025 | Report Format: Electronic (PDF)

Injection Molding Market Growth & Trends

The global injection molding market size is expected to reach USD 462,437.7 Million by 2033, registering a CAGR of 5.5% from 2025 to 2033, according to a new report by Grand View Research, Inc. The increasing usage of injection molding in packaging industry is driving the market growth as it allows the production of plastic packaging products for a variety of applications and in a variety of forms. It can be utilized to manufacture food & beverage containers, body care packaging products, and household chemical packages.

Moreover, injection molding technique solves problems related to barrier protection, as well as tackles issues related to product handling, visibility, salability, and aesthetics. In addition, due to the ability of injection molding to produce high-quality, complex shapes with precise dimensions, it has become indispensable for manufacturers seeking innovative packaging solutions that meet the rigorous demands of functionality, durability, and aesthetic appeal. For instance, companies like Procter & Gamble and Unilever have leveraged injection molding to create robust and intricate packaging components for their consumer goods.

The technological advancements in the market have enabled the production of eco-friendly packaging by utilizing biodegradable plastics, thus aligning with the growing consumer demand for sustainable products. This widespread adoption underscores injection molding's pivotal role in transforming the packaging and medical equipment industry, offering an unmatched blend of design flexibility, cost-effectiveness, and environmental consciousness.

In automotive and transportation industry, to reduce the weight of the vehicles, automotive manufacturers have started adopting injection molding parts made of plastics. These plastic parts not only reduce the overall weight of automobiles but also give aesthetically better configurations. Similarly, in the consumables & electronics industry, the components made out of injection molding are used to manufacture smartphones, tablets, laptops, connectors, and sensor covers.

For instance, according to the data published by the International Organization of Motor Vehicle Manufacturers, the Asia Pacific witnessed a growth of 10.0% in vehicle production in 2023, as compared to 2022, and the region’s automotive production reached 55.1 million units in 2023. Hence, with the growing automotive and electronics industry the demand for injection molding is anticipated to grow over the forecast period.

C&J INDUSTRIES, HTI Plastics, The Rondon Group, EVCO Plastics, and Major Plastics, Inc. are major players in the market. Strategies adopted by these companies usually include expansion of their market reach by undertaking partnerships & collaborations, mergers & acquisitions, and new service launches.

In October 2023, the C&J company acquired a 53,000-square-foot building and its associated property in Meadville, PA. This acquisition will expand the company's total footprint from 162,000 to 215,000 square feet. This expansion is likely to help the company to expand its operations and market reach in the U.S.

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Injection Molding Market Report Highlights

The plastics segment dominated the market with the largest revenue share of 98.3% in 2023. Plastic injection molding involves manufacturing molded products by injecting molten plastic into a mold and then solidifying them. This process is used for manufacturing injection molding plastics used in various application industries such as packaging, construction, consumer goods, and automotive.
The packaging segment dominated the market with the largest revenue share in 2023. The packaging industry contributes significantly to the market, as it is used to make thin wall containers, dairy juice & water packaging, beverage caps & closures, and specialty closures, among others.
The medical segment is anticipated to witness high growth over the forecast period. Injection molding is used in the medical industry for manufacturing small and complex items such as dental implants, prosthetic replacements, endoscopic tools, implantable components, orthopedics, and drug delivery equipment.
The metal segment is anticipated to witness the highest CAGR of 7.4% over the forecast period as the demand for metal injection molding is rising. Metal injection molding (MIM) is suitable for manufacturing intricate, small, and precision metal components required by the medical, automotive, aerospace, and consumer goods industries.
The North American injection molding market is characterized by industrial dynamics and commodity abundance in its countries. In addition to that, factors such as ongoing urbanization, increasing purchasing power of consumers, ongoing industrialization, and changing consumer food preferences in North America are attributable to the growth of the packaging industry in the region.