According to a market research report, the “Plastic Injection Molding Machine Market by Machine Type (Hydraulic, All-Electric, Hybrid), End-Use Industry (Packaging, Automotive, Consumer Goods), Clamping Force (0-200, 201-500, Above 500) and Region – Global Forecast to 2028”, The Plastic injection molding machine market size was USD 9.5 billion in 2022 and is projected to reach USD 11.6 billion by 2028, at a CAGR of 3.4%, between 2023 and 2028. The plastic injection molding machine market is mainly driven by the increasing demand from the packaging industry. The packaging industry is growing at a high rate due to the developments in packaging technologies and increasing demand for packaged goods with sustainable packaging. Growing urban population, increasing consumer spending on packaged goods, and rise in e-commerce and organized retail are contributing to the growth of the packaging industry.
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160 Market data Tables
75 Figures
270 Pages and in-depth TOC on “Plastic Injection Molding Machine Market – Global Forecast to 2028”
This report also provides a comprehensive analysis of the companies listed below:
The key players profiled in the report include Haitian International Holdings Limited (China), Chen Hsong Holdings Ltd. (China), Engel Austria GmbH (Austria), Sumitomo Heavy Industries Limited (Japan), Hillenbrand, Inc. (US), Japan Steel Works Ltd. (Japan), Arburg GmbH (Germany), Nissei Plastic Industrial Co., Ltd. (Japan), Husky
Injection Molding Systems Ltd. (Canada), and KraussMaffei Group GmbH (Germany). These companies have reliable manufacturing facilities as well as strong distribution networks across key regions, such as North America, Europe, and Asia Pacific. They have an established portfolio of reputable products and services, a robust market presence, and strong business strategies. Furthermore, these companies have a significant market share, products with wider applications, broader geographical use cases, and a larger product footprint.
Recent Developments in Plastic Injection Molding Machine Market Industry
In July 2020, Eck Plastic Arts, a producer of plastic components for OEMs, increased its plastic injection molding capacity with a Haitian 1,012-ton Mars II S injection molding machine. The company caters to industrial equipment manufacturers’ serving markets that include medical technology and defense equipment..
In October 2020, Sumitomo Heavy Industries Ltd (SHI) launched 5 types of models to SEEV-A-SHR series with a clamping force of 1000,1300,1800,3500,4500 kN. These are super high-speed electric injection molding machines.
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Based on clamping force, the plastic injection molding machine market is segmented as 0–200 ton-force, 201–500 ton-force, and above 500 ton-force. Most of plastic injection molding machines with 0–200 ton-force and 201–500 ton-force are delivered in standard forms. However, there is a growing demand for new designs and dimensions from end customers as a result of the increase in machine size. The 201–500 ton-force segment accounted for the largest market share, in terms of value, in 2022. This is attributed to the rising demand for medium-sized molded parts from end-use industries, such as automotive, packaging, and consumer goods
Based on type, the plastic injection molding machine market is segmented as hydraulic, hybrid, and all-electric injection molding machines. Hydraulic plastic injection molding machine accounted for the largest market share, in terms of both value and volume, in 2022. The growth of the plastic industry, increasing awareness about the importance of sustaibale packaging in various applications and the need for improved durability of plastic products fuels the demand for the hydraulic type of plastic injection molding machine globally.
Based on application, the plastic injection molding machine market is segmented as packaging, automotive, consumer goods, healthcare, electrical & electronics, and others. Packaging is expected to be second-fastest growing application, in terms of value, during the forecast period. This is due to the growing population, increased consumer spending, and the rise in e-commerce. Also, the rising levels of consumer spending and growing preference for convenience have led to an increased demand for sustainable pre-packaged foods, beverages and other products driving the market for plastic injection molding machines in packaging application.
Based on region, Asia Pacific dominated the plastic injection molding machine market, both in terms of value and volume, in 2022. According to OICA, China was the largest manufacturer of automotive in 2022, across the globe. Plastic injection molding machines are used in manufacturing automotive components, interior wrappings, and assembly parts, such as automotive exteriors, car lenses, interior components, under-the-hood components, and filter components. The increasing demand for automotive due to growth in middle-class population, rising expenditure, and changing lifestyle is fueling the demand for plastic injection molding machine in automotive applications.
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