Impact Analysis of Covid-19

The complete version of the Report will include the impact of the COVID-19, and anticipated change on the future outlook of the industry, by taking into the account the political, economic, social, and technological parameters.

Injection-molded plastics is a manufacturing process used to produce various plastic products by using injecting molten material. Mostly thermoplastic and thermosetting plastic is used for the production of plastic products such as automotive parts, electronic appliances, packaging products, construction material, medical disposable syringes, toys, etc.

The global injection molded plastics market is projected to surpass US$ 400 billion by the end of 2027, in terms of revenue, growing at CAGR of 5.3% during the forecast period (2020 to 2027).

Drivers

Expansion of the housewares market around the globe is a prime factor propelling the market growth of the injection molded plastics. Injection-molded plastics are used to produce various housewares products such as beverage ware, cookware, dinnerware, bake ware, flatware, and cutlery. The growth of the housewares market is also attributed to increasing population around the globe. Thus the growth of the housewares market is expected to foster the market growth of injection molded plastics.

Growth in the plastic packaging market is projected to augment the market growth of the injection molded plastics. Plastic packaging is one of the largest user of injection molded plastics. The rise in the demand for food packaging and other industrial packaging is driving demand for plastic packaging, especially across developing countries. Hence, growth in the plastic packaging market is accelerating the market growth of the injection molded plastics.

Regionally, Asia-pacific dominated the global injection molded plastics market in 2019, reporting 36% market share in terms of revenue, followed by North America and Europe, respectively.

Figure 1. Global Injection Molded Plastics Market, Revenue Share (%), By Region, 2019

Injection Molded Plastics  | Coherent Market Insights

Market Restraints

An environmental concern associated with the use of plastic products is projected to hinder the market growth of injection molded plastics. Production and disposal of plastic have various environmental impacts as they are non-degradable in nature.

A high initial investment of the equipment used in the injection molded plastics is expected to hamper the market growth over the forecast period.

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Injection Molded Plastics Market Report Coverage

Report Coverage Details
Base Year: 2019 Market Size in 2019: US$ 260 Bn
Historical Data for: 2016 to 2019 Forecast Period: 2020 to 2027
Forecast Period 2020 to 2027 CAGR: 5.3% 2027 Value Projection: US$ 400 Bn
Geographies covered:
  • North America: U.S., Canada
  • Latin America: Brazil, Mexico, Rest of Latin America
  • Europe: Germany, U.K., Spain, France, Italy, Russia, Rest of Europe
  • Asia Pacific: China, India, Japan, Australia, Rest of Asia Pacific
  • Middle East & Africa: South Africa, GCC Countries, Rest of Middle East & Africa
Segments covered:
  • By Raw Material: Polypropylene, Acrylonitrile butadiene styrene (ABS), High Density Poly Ethylene (HDPE), Polystyrene, Others
  • By Application: Packaging, Consumables & Electronics, Automotive & Transportation, Building & Construction, Others
Companies covered:

BASF, DOW Chemicals, Huntsman Corporation, Ineos oxide, Saudi basic industries corporation, Exxon Mobil Corporation, Du Pont de Nemours & Company, and Lyondellbasell industries

Growth Drivers:
  • Rise in the demand for packaging solutions in food & beverages industry
  • Expansion of the housewares market around the globe
Restraints & Challenges:
  • Environmental concern associated with the use of plastic products

Market Opportunities

Expanding rigid packaging market around the globe is projected to offer lucrative market opportunities in the near future. Injection-molded plastics are widely used in the rigid packaging for various industries such as chemical, medical, pharmaceutical, and oil &gas. According to the Coherent Market Insights analysis, plastic rigid packaging accounts for approximately 25% of the overall packaging market. Hence, growth in rigid packaging is projected to augment market growth.

Increasing launch of advanced technology for injection molding plastic is expected to bring new market opportunities. For instance, in April 2018, Yizumi-HPM Corp., a manufacturer of high-quality hybrid injection molding machinery from 60 to 3500-tons clamping force, announced the launch of three new series of injection molding machines at NPE 2018 May 7-11 at the Orange County Convention Center in Orlando, Fla.

Figure 2. Global Injection Molded Plastics Market – Opportunity Analysis

Injection Molded Plastics  | Coherent Market Insights

Market Trends

Polypropylene material is gaining traction across automotive components, household goods, and packaging applications. It is mainly used in electrical connector covers and bases in order to provide electrical and mechanical support as it has superior electrical insulation properties. Thus, the growing popularity of polypropylene material is projected to augment the market growth of the injection molded plastics over the forecast period.

Increasing use of metals and alloys in the automotive component in place of injection molded plastics is a key trend in the market. Growing demand for a lightweight vehicle for fuel efficiency is expected to foster the market growth of the injection molded plastics. Thus the growth of the injection molded plastics market is also attributed to the rising adoption of the advanced plastic across the automotive industry.

Figure 3. Global Injection Molded Plastics Market, Revenue Share (%), By Application, in 2019

Injection Molded Plastics  | Coherent Market Insights

On the basis of application, consumables & electronics the global injection molded plastics market in 2019 with around 33% of market share in terms of revenue, followed by packaging and others, respectively.

Global Injection Molded Plastics Market - Impact of Coronavirus (Covid-19) Pandemic

Recent disruptions in supply chain and raw material availability owing to Coronavirus (Covid-19) Pandemic have hampered the production rate of various products such as consumer goods, automotive parts, constructions materials and others. However, certain segments of the market such as healthcare and food & beverage industries are witnessing a surge in demand for plastics which in turn is expected to fuel the growth of the global injection molded plastics market till the mid-quarter of 2021.

Competitive Section

Key players are operating in the global Injection molded plastics market are BASF, DOW Chemicals, Huntsman Corporation, Ineos oxide, Saudi basic industries corporation, Exxon Mobil Corporation, Du Pont de Nemours & Company, and Lyondellbasell industries

Few Recent Developments

  • In November 2019, Huntsman Corp. launched Iroprint materials, a soft, flexible 3D printing materials. It is available in filaments, powder, and resin.

Injection molding process is the manufacturing process for producing parts by inserting materials into a mold to create varied shapes and sizes of the object. Injection molding can be achieved with a host of materials consisting of metals, elastomers, glasses, confections, and polymers. Injection molding plastics are extensively in variety of components such as automotive parts, bottle caps, packaging, storage containers, mechanical parts, and wire spools.

Market Dynamics

The global injection molded plastics market has witnessed significant growth in recent past years, owing to the rising demand for packaging solutiona in various end-user industries such as pharmaceutical, cosmetics, food & beverages and others. Furthermore, growing investments for research & development in production injection molded plastics is expected to provide lucrative growth to the global glass packaging market over the forecast period

Major players in the global injection molded plastics market are increasing their investment on innovative product launchings, research & development and marketing & promotional activities to capitalize on emerging trends in various end-use industries such as cosmetics & personal care, textile, food & beverage, healthcare and others. This scenario is expected to fuel the market during the forecast period.

Key features of the study:

  • This report provides in-depth analysis of global injection molded plastics market size (US$ Billion and Kilo tons), and Compound Annual Growth Rate (CAGR %) for the forecast period (2020 – 2027), considering 2019 as the base year
  • It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market
  • This study also provides key insights into market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategies adopted by the leading players
  • It profiles leading players in the global injection molded plastics market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
  • Key companies covered as a part of this study includes BASF, DOW Chemicals, Huntsman Corporation, Ineos oxide, Saudi basic industries corporation, Exxon Mobil Corporation, Du Pont de Nemours & Company, and Lyondellbasell industries
  • Insights from this report would allow marketers and the management authorities of companies to make informed decision regarding their future product launches, Raw Material up-gradation, market expansion, and marketing tactics
  • The global Injection molded plastics market report caters to various stakeholders in this industry including investors, suppliers, global injection molded plastics manufacturers, distributors, new entrants, and financial analysts
  • Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global injection molded plastics market

Detailed Segmentation:

  • Global Injection molded plastics Market, By Raw Material:
    • Polypropylene
    • Acrylonitrile butadiene styrene (ABS)
    • High Density Poly Ethylene (HDPE)
    • Polystyrene
    • Others
  • Global Injection molded plastics Market, By Application:
    • Packaging
    • Consumables and Electronics
    • Automotive and Transportation
    • Building and Construction
    • Others
  • Global Injection molded plastics Market, By Region:
    • North America
      • U.S.
        • By Raw Material
          • Polypropylene
          • Acrylonitrile butadiene styrene (ABS)
          • High Density Poly Ethylene (HDPE)
          • Polystyrene
          • Others
        • By Application
          • Packaging
          • Consumables and Electronics
          • Automotive and Transportation
          • Building and Construction
          • Others
      • Canada
        • By Raw Material
          • Polypropylene
          • Acrylonitrile butadiene styrene (ABS)
          • High Density Poly Ethylene (HDPE)
          • Polystyrene
          • Others
        • By Application
          • Packaging
          • Consumables and Electronics
          • Automotive and Transportation
          • Building and Construction
          • Others
    • Europe
      • France
        • By Raw Material
          • Polypropylene
          • Acrylonitrile butadiene styrene (ABS)
          • High Density Poly Ethylene (HDPE)
          • Polystyrene
          • Others
        • By Application
          • Packaging
          • Consumables and Electronics
          • Automotive and Transportation
          • Building and Construction
          • Others
      • Germany
        • By Raw Material
          • Polypropylene
          • Acrylonitrile butadiene styrene (ABS)
          • High Density Poly Ethylene (HDPE)
          • Polystyrene
          • Others
        • By Application
          • Packaging
          • Consumables and Electronics
          • Automotive and Transportation
          • Building and Construction
          • Others
      • U.K.
        • By Raw Material
          • Polypropylene
          • Acrylonitrile butadiene styrene (ABS)
          • High Density Poly Ethylene (HDPE)
          • Polystyrene
          • Others
        • By Application
          • Packaging
          • Consumables and Electronics
          • Automotive and Transportation
          • Building and Construction
          • Others
      • Russia
        • By Raw Material
          • Polypropylene
          • Acrylonitrile butadiene styrene (ABS)
          • High Density Poly Ethylene (HDPE)
          • Polystyrene
          • Others
        • By Application
          • Packaging
          • Consumables and Electronics
          • Automotive and Transportation
          • Building and Construction
          • Others
      • Rest of Europe
        • By Raw Material
          • Polypropylene
          • Acrylonitrile butadiene styrene (ABS)
          • High Density Poly Ethylene (HDPE)
          • Polystyrene
          • Others
        • By Application
          • Packaging
          • Consumables and Electronics
          • Automotive and Transportation
          • Building and Construction
          • Others
    • Asia Pacific
      • China
        • By Raw Material
          • Polypropylene
          • Acrylonitrile butadiene styrene (ABS)
          • High Density Poly Ethylene (HDPE)
          • Polystyrene
          • Others
        • By Application
          • Packaging
          • Consumables and Electronics
          • Automotive and Transportation
          • Building and Construction
          • Others
      • Japan
        • By Raw Material
          • Polypropylene
          • Acrylonitrile butadiene styrene (ABS)
          • High Density Poly Ethylene (HDPE)
          • Polystyrene
          • Others
        • By Application
          • Packaging
          • Consumables and Electronics
          • Automotive and Transportation
          • Building and Construction
          • Others
      • Australia
        • By Raw Material
          • Polypropylene
          • Acrylonitrile butadiene styrene (ABS)
          • High Density Poly Ethylene (HDPE)
          • Polystyrene
          • Others
        • By Application
          • Packaging
          • Consumables and Electronics
          • Automotive and Transportation
          • Building and Construction
          • Others
      • India
        • By Raw Material
          • Polypropylene
          • Acrylonitrile butadiene styrene (ABS)
          • High Density Poly Ethylene (HDPE)
          • Polystyrene
          • Others
        • By Application
          • Packaging
          • Consumables and Electronics
          • Automotive and Transportation
          • Building and Construction
          • Others
      • Rest of the Asia-pacific
        • By Raw Material
          • Polypropylene
          • Acrylonitrile butadiene styrene (ABS)
          • High Density Poly Ethylene (HDPE)
          • Polystyrene
          • Others
        • By Application
          • Packaging
          • Consumables and Electronics
          • Automotive and Transportation
          • Building and Construction
          • Others
    • Rest of the World
      • By Raw Material
        • Polypropylene
        • Acrylonitrile butadiene styrene (ABS)
        • High Density Poly Ethylene (HDPE)
        • Polystyrene
        • Others
      • By Application
        • Packaging
        • Consumables and Electronics
        • Automotive and Transportation
        • Building and Construction
        • Others
  • Company Profiles
    • BASF *
      • Company Overview
      • Product Portfolio
      • Financial Performance
      • Key Strategies
      • Recent Developments
      • Future Plans
    • DOW Chemicals
    • Huntsman Corporation
    • Ineos oxide
    • Saudi basic industries corporation
    • Exxon Mobil Corporation
    • Du Pont de Nemours & Company
    • Lyondellbasell industries

 “*” marked represents similar segmentation in other categories in the respective.

Table of Contents

  1. Research Objectives and Assumptions
    • Research Objectives
    • Assumptions
    • Abbreviations
  2. Market Purview
    • Report Description
      • Market Definition and Scope
    • Executive Summary
      • Market Snippet, By Raw Material
      • Market Snippet, By Application
      • Market Snippet, By Region
    • Coherent Opportunity Map (COM)
  3. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
        • Supply Side Drivers
        • Demand Side Drivers
        • Economic Drivers
      • Restraints
      • Market Opportunities
      • Regulatory Scenario
      • Industry Trend
      • PEST Analysis
      • PORTER’s Analysis
      • New Product Approvals/Launch
      • Promotion and Marketing Initiatives
  4. Global Injection Molded Plastics Market - Impact of Coronavirus (Covid-19) Pandemic
    • Overview
    • Factors Affecting Global Sodium Hypochlorite Market – COVID-19
    • Impact Analysis
  5. Global Injection Molded Plastics Market, By Raw Material, 2017 - 2027 (US$ Billion and Kilo Tons)
    • Introduction
      • Market Share Analysis, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, 2020 - 2027
      • Segment Trends
    • Polypropylene
      • Market Share Analysis, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, 2020 - 2027
    • Acrylonitrile butadiene styrene (ABS)
      • Market Share Analysis, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, 2020 - 2027
    • High Density Poly Ethylene (HDPE)
      • Market Share Analysis, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, 2020 - 2027
    • Polystyrene
      • Market Share Analysis, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, 2020 - 2027
    • Others
      • Market Share Analysis, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, 2020 - 2027
  6. Global Injection Molded Plastics Market, By Application, 2017 - 2027 (US$ Billion and Kilo Tons)
    • Introduction
      • Market Share Analysis, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, 2020 - 2027
      • Segment Trends
    • Packaging
      • Market Share Analysis, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, 2020 - 2027
    • Consumables and Electronics
      • Market Share Analysis, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, 2020 - 2027
    • Automotive and Transportation
      • Market Share Analysis, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, 2020 - 2027
    • Building and Construction
      • Market Share Analysis, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, 2020 - 2027
    • Others
      • Market Share Analysis, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, 2020 - 2027
  7. Global Injection Molded Plastics Market, By Region, 2017- 2027 (US$ Billion and Kilo Tons)
    • Introduction
      • Market Share Analysis, By Region, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, By Region, 2020 - 2027
    • North America
      • Market Share Analysis, By Country, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, By Country, 2020 - 2027
        • U.S.
          • Country Trends
          • Market Size and Forecast, By Raw Material, 2017- 2027 (US$ Million)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million)
        • Canada
          • Country Trends
          • Market Size and Forecast, By Raw Material, 2017- 2027 (US$ Million)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million)
    • Latin America
      • Market Share Analysis, By Country, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, By Country, 2020 - 2027
        • Brazil
          • Country Trends
          • Market Size and Forecast, By Raw Material, 2017- 2027 (US$ Million)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million)
        • Mexico
          • Country Trends
          • Market Size and Forecast, By Raw Material, 2017- 2027 (US$ Million)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million)
        • Argentina
          • Country Trends
          • Market Size and Forecast, By Raw Material, 2017- 2027 (US$ Million)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million)
        • Rest of Latin America
          • Sub-region/Country Trends
          • Market Size and Forecast, By Raw Material, 2017- 2027 (US$ Million)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million)
    • Europe
      • Market Share Analysis, By Country, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, By Country, 2020 - 2027
        • France
          • Country Trends
          • Market Size and Forecast, By Raw Material, 2017- 2027 (US$ Million)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million)
        • Germany
          • Country Trends
          • Market Size and Forecast, By Raw Material, 2017- 2027 (US$ Million)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million)
        • Italy
          • Country Trends
          • Market Size and Forecast, By Raw Material, 2017- 2027 (US$ Million)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million)
        • Spain
          • Country Trends
          • Market Size and Forecast, By Raw Material, 2017- 2027 (US$ Million)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million)
        • U.K.
          • Country Trends
          • Market Size and Forecast, By Raw Material, 2017- 2027 (US$ Million)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million)
        • Russia
          • Country Trends
          • Market Size and Forecast, By Raw Material, 2017- 2027 (US$ Million)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million)
        • Poland
          • Country Trends
          • Market Size and Forecast, By Raw Material, 2017- 2027 (US$ Million)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million)
        • Rest of Europe
          • Sub-region/Country Trends
          • Market Size and Forecast, By Raw Material, 2017- 2027 (US$ Million)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million)
    • Asia Pacific
      • Market Share Analysis, By Country, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, By Country, 2020 - 2027
        • China
          • Country Trends
          • Market Size and Forecast, By Raw Material, 2017- 2027 (US$ Million)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million)
        • India
          • Country Trends
          • Market Size and Forecast, By Raw Material, 2017- 2027 (US$ Million)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million)
        • Japan
          • Country Trends
          • Market Size and Forecast, By Raw Material, 2017- 2027 (US$ Million)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million)
        • Australia
          • Country Trends
          • Market Size and Forecast, By Raw Material, 2017- 2027 (US$ Million)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million)
        • Rest of Asia Pacific
          • Sub-region/Country Trends
          • Market Size and Forecast, By Raw Material, 2017- 2027 (US$ Million)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million)
    • Middle East & Africa
      • Market Share Analysis, By Country/ Sub-region, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, By Country/ Sub-region, 2020 - 2027
        • GCC
          • Country Trends
          • Market Size and Forecast, By Raw Material, 2017- 2027 (US$ Million)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million)
        • South Africa
          • Country Trends
          • Market Size and Forecast, By Raw Material, 2017- 2027 (US$ Million)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million)
        • Rest of Middle East & Africa
          • Sub-region/Country Trends
          • Market Size and Forecast, By Raw Material, 2017- 2027 (US$ Million)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million)
  8. Competitive Landscape
    • Market Share Analysis
    • Company Profiles
      • BASF
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments
        • Future Plans
      • DOW Chemicals
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments
        • Future Plans
      • Huntsman Corporation
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments
        • Future Plans
      • Ineos oxide
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments
        • Future Plans
      • Saudi basic industries corporation
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments
        • Future Plans
      • Exxon Mobil Corporation
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments
        • Future Plans
      • Du Pont de Nemours & Company
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments
        • Future Plans
      • Lyondellbasell industries
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments
        • Future Plans
    • References
    • Research Methodology
    • About us and Sales Contact

* Browse 45 market data tables* and 30 figures* on "Global Injection Molded Plastics Market” – global forecast to 2027

Frequently Asked Questions

The market for global injection molded plastics is forecast to surpass US$ 400 billion by 2027 witnessing a CAGR of 5.3% between 2020 and 2027.
Rise in the demand for packaging solutions in food & beverages and expansion of the housewares market around the globe expected to fuelling the growth of the global injection molded plastics market in the region.
Product innovation by major players is a major trend which is expected to favor market growth over the forecast period.
Environmental concern associated with the use of plastic products is expected to hamper the growth the market during the forecast period.
Major players operating in the global injection molded plastics market include BASF, DOW Chemicals, Huntsman Corporation, Ineos oxide, Saudi basic industries corporation, Exxon Mobil Corporation, Du Pont de Nemours & Company, and Lyondellbasell industries
The global injection molded plastics market was estimated to be valued around US$ 260 billion in terms of revenue in 2019.
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