The global plastic injection molding machines market is forecast to grow at a compound annual growth rate (CAGR) of more than 4% during the forecast period from 2021-2030, and the market value anticipates to reach USD 12,700 million in 2030.
Plastic Injection Molding Machines Market Status, Trends and COVID-19 Impact Report 2021, Covid 19 Outbreak Impact research report added by Quadintel, is an in-depth analysis of market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends, and strategies for this market. It traces the market’s historic and forecast market growth by geography. It places the market within the context of the wider Plastic Injection Molding Machines Market , and compares it with other markets., market definition, regional market opportunity, sales and revenue by region, manufacturing cost analysis, Industrial Chain, market effect factors analysis, Digital Evidence Management market size forecast, market data & Graphs and Statistics, Tables, Bar &Pie Charts, and many more for business intelligence. Get complete Report (Including Full TOC, 100+ Tables & Figures, and Chart). – In-depth Analysis Pre & Post COVID-19 Market Outbreak Impact Analysis & Situation by Region
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A release on June 8th, 2021, by the Bureau and Economic Analysis and U.S. Census Bureau reports the recovering of the U.S. market. The report also described the recovery of U.S. International Trade in July 2021.In April 2021, exports in the country reached $300 billion, an increase of $13.4 billion. In April 2021, imports amounted to $294.5 billion, increasing by $17.4 billion. COVID19 is still a significant issue for economies around the globe, as evidenced by the year-over-year decline in exports in the U.S. between April 2020 and April 2021 and the increase in imports over that same period of time. The market is clearly trying to recover. Despite this, it means there will be a direct impact on the Healthcare/ICT/Chemical industries, resulting in a large market for Plastic Injection Molding Machines.
A plastic injection molding machine is a machine that molds plastic products. A clamping unit and an injection unit are two major components. Plastic injection molding machines work by injecting molten plastic into a mold as the material cools, which later hardens to shape around the cavity. A variety of plastic parts can be made using injection molding, from medical equipment to toys. This process also plays a role in manufacturing aerospace and automotive components.
Plastic injection molding machines are energy-efficient and suitable for the mass production of plastic products. The rising demand for plastics in the automotive, packaging, household appliances, and other end-user sectors will drive the market forward. With the advancement of injection molding, the mass production of complex plastic shapes has become more efficient and more effective. Emerging economies have increased construction spending, which is driving the expansion of this market as well.
Aside from low labor costs, manufacturers have also benefited from favorable legislation and government support to promote foreign direct investment (FDI). Fluctuating prices for raw materials like benzene, propylene, ethylene, and styrene, and rising concerns around the disposal of by-products, waste, and VOCs, could hamper the production of plastics and restrain the market growth. A high initial cost of the machines can limit market growth, as can the maintenance costs.
Due to the availability of alternatives such as 3D printing, urethane casting, and thermoforming, the Plastic Injection Molding Machine Market anticipates slowing down. Innovations such as IoT-connected injection molding machines and software-assisted injection molding machines will expand the Plastic Injection Molding Machine Market.
COVID-19 adversely affected the demand for plastic injection molding machines, which has created new opportunities for the market. There has been an increase in demand for plastic injection molding machines from makeshift hospitals and healthcare institutes worldwide to manufacture various medical equipment. Globally, the Coronavirus outbreaks have put the healthcare industry in the spotlight. Due to the explosive growth in cases of Covid-19, the demand for medical instruments and equipment such as syringes and air systems spiked exponentially. China and India became the hubs for manufacturing and meeting demand for all these items throughout the world.
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The Asia Pacific includes China and India, two of the most important emerging nations. In this region, most industries have a high potential for development. It presents significant opportunities for a variety of manufacturers as the plastic injection molding machine market grows. In APAC, 61% of the world’s population lives, and the production and processing sectors are rapidly expanding. The APAC region is the largest market for plastic injection molding machines, with China the major market likely to grow substantially over the next few years. APAC’s emerging economies have rising living standards and disposable incomes, which are driving this market.
The prominent companies profiled in the global plastic injection molding market are:
Arburg GmbH + Co KG (Germany) ENGEL Austria GmbH (Austria) Haitian International Holdings Ltd (China) Husky Injection Molding Systems (Canada) Krauss Maffei Group (Germany) Milacron Holdings Corp. (U.S.) Shibaura Machine Co Ltd. (Japan) Sumitomo Heavy Industries (Japan) The Japan Steel Works (Japan) Ube Industries, Ltd. (Japan) Other Prominent Players Scope of the Market
The global plastic injection molding market segmentation focuses on Material, Application, Clamping Force, Type, Mode of Operation, and Region.
Polypropylene Polyethylene Thermoplastic Elastomer Cyclic Olefin Copolymer Acrylonitrile Butadiene Styrene Others Segmentation based on Application
Packaging Personal Care Thinwall Containers Others Closures Medical Surgery Pharma Diagnostics Medical Equipment Healthcare Devices Others PET Preforms Automotive Others Segmentation based on Clamping Force
Less Than 200 Tons Force Packaging Closures Medical PET Preforms Automotive Others 200 Tons to 500 Tons Force Packaging Closures Medical PET Preforms Automotive Others More Than 500 Tons Force Packaging Closures Medical PET Preforms Automotive Others Segmentation based on Type
Standard Injection Molding Machine Packaging Closures Medical PET Preforms Automotive Others Multi-component Injection Molding Machine Packaging Closures Medical PET Preforms Automotive Others LSR Injection Molding Machine Packaging Closures Medical PET Preforms Automotive Others Segmentation based on Mode of Operation
ALL- Electric Hydraulic Hybrid Segmentation based on Region
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North America The U.S. Canada Mexico Europe Western Europe The UK Germany France Italy Spain Rest of Western Europe Eastern Europe Poland Russia Rest of Eastern Europe Asia Pacific China India Japan Australia & New Zealand ASEAN Rest of Asia Pacific Middle East & Africa (MEA) UAE Saudi Arabia South Africa Rest of MEA South America Brazil Argentina Rest of South America
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Key Questions Answered in the Market Report
• How did the COVID-19 pandemic impact the adoption of by various pharmaceutical and life sciences companies? • What is the outlook for the impact market during the forecast period 2021-2030? • What are the key trends influencing the impact market? How will they influence the market in short-, mid-, and long-term duration? • What is the end user perception toward? • How is the patent landscape for pharmaceutical quality? Which country/cluster witnessed the highest patent filing from January 2014-June 2021? • What are the key factors impacting the impact market? What will be their impact in short-, mid-, and long-term duration? • What are the key opportunities areas in the impact market? What is their potential in short-, mid-, and long-term duration? • What are the key strategies adopted by companies in the impact market? • What are the key application areas of the impact market? Which application is expected to hold the highest growth potential during the forecast period 2021-2030? • What is the preferred deployment model for the impact? What is the growth potential of various deployment models present in the market? • Who are the key end users of pharmaceutical quality? What is their respective share in the impact market? • Which regional market is expected to hold the highest growth potential in the impact market during the forecast period 2021-2030? • Which are the key players in the impact market?
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