Injection Molded Plastics Market Trends, Industry Analysis 2022-28
November 28, 2022 ⚊ 1 Min read ⚊ Views 87 ⚊ BUSINESS
The global injection molded plastics market size valued at USD 363.60 billion in 2021 and expected to reach USD 495.89 billion, at a CAGR of 4.6% during forecast period 2022-2028. For high precision and minimal waste, injection molded plastics are utilized in the manufacturing of complex and convoluted shaped parts. These benefits are driving the fast adoption of injection molding technology in the manufacturing of automotive materials, interior wrapping coverings, food packaging, pharmaceutical containers, assorted parts, and other products. When compared to parts, materials, and components produced hydraulically, injection molding technology is very energy-efficient, and emissions of carbon dioxide are much lower. Plastics that have been injection molded are commonly utilized in packaging. Because of its clear, leak-resistant, reusable and microwavable features, demand for these products is relatively strong.
