Injection Molded Plastics Market Share and Future Analysis

Injection Molded Plastics Market to Generate $496.2 Billion Revenue by 2025

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A number of factors, such as the soaring automobile production and adoption, increasing construction activities in developing countries, and booming packaging industry, are expected to fuel the injection molded plastics market at a CAGR of 6.0% during the forecast period (2017–2025). The market was valued at $283.5 billion in 2016, and it is projected to generate $496.2 billion revenue by 2025. Currently, the surging preference for biodegradable polymers in the medical device industry is creating ample growth opportunities for the players operating in the industry.

The rising construction activities in emerging economies, on account of the soaring number of affordable housing projects and mounting focus of governments on infrastructure development, is one of the major growth drivers of the market. For example, the Indian government aims to provide 'Housing for All' by 2022 under the Pradhan Mantri Awas Yojana (PMAY). Similarly, the Kingdom of Saudi Arabia introduced The Housing Program in 2018 to increase the house ownership rate from 47% in 2017 to 60% by 2020.

Additionally, the growing packaging industry, owing to the escalating demand for packaging solutions from the pharmaceutical, food and beverage, and cosmetics and toiletries sectors, will also supplement the injection molded plastics market growth, worldwide. The surging consumption of food items, drinks, cosmetic products, and toiletries can be primarily credited to the mounting disposable income of people and improving lifestyles. Additionally, the booming demand for pharmaceuticals can be owed to the rising prevalence of infectious and chronic diseases and soaring public awareness regarding disease treatment.

Browse full report at: https://www.psmarketresearch.com/marketanalysis/injection-molded-plastics-market The application segment of the injection molded plastics market is classified into consumables and electronics, construction, automotive, medical, packaging, and others. Under this segment, the medical category is expected to register the fastest growth throughout the forecast period. The dominance of this category can be chiefly ascribed to the toughening government regulations regarding medical device standards and burgeoning demand for biodegradable polymers from the medical device sector, to produce medical tools and equipment.

Currently, companies operating in the injection molded plastics market are undertaking numerous strategic measures, such as geographical expansions and product launches, to consolidate their position. For instance, in October 2017, ExxonMobil started production at its new petrochemical facility in Texas, the U.S. Other players opting for such strategic measures include INEOS Group Holding S.A, Huntsman Corporation, Saudi Basic Industries Corporation (SABIC), E.I. du Pont de Nemours and Company, LyondellBasell Industries N.V., BASF SE, and Eastman Chemical Company.

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According to P&S Intelligence, the Asia-Pacific (APAC) injection molded plastics market generated the highest revenue in 2016, and it will continue this trend throughout the forecast period. The leading position of this region can be credited to the burgeoning demand for packaging solutions from the cosmetics and toiletries, pharmaceutical, and food and beverage industries. Among APAC nations, China is projected to account for the largest share in the regional market during the forecast period.

Request for sample pages of this report: https://www.psmarketresearch.com/market-analysis/injectionmolded-plastics-market/report-sample Therefore, the flourishing packaging sector and increasing construction activities in developing nations are prominent contributors to the market growth.

GLOBAL INJECTION MOLDED PLASTICS MARKET •

By Raw Material – Polypropylene, Acrylonitrile Butadiene Styrene (ABS), High-Density Polyethylene (HDPE), Polystyrene and Others

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By Application – Packaging, Consumables & Electronics, Automotive, Construction, Medical and Others

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By Region – North America, Europe, Asia-Pacific, Central & South America (CSA), and Middle East and Africa (MEA)

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