Global Plastic Injection Molding Machine Market – Know the Prominent Factors That Will Help in Reshaping the Market Growth

The global plastic injection molding machine market size was $10.3 billion in 2021 and is anticipated to reach $16.4 billion in 2031, growing at a rate of 4.8% from 2022 to 2031.

A plastic injection molding machine produces a variety of complex plastic products in mass volume. They are available in various sizes and specifications, thus making them appropriate for use in several manufacturing industries. They are used to produce plastic injection-molded products for industries such as food, beverages, electronics & electrical, home care products, healthcare products, and others.

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Global Plastic Injection Molding Machine Market Trends and Drivers

The global plastic injection molding machine market is anticipated to observe substantial growth going forward on account of increasing application in food & beverage, healthcare, and other industries. In addition, the rise in population along with the growing disposable income of middle-class customers are projected to drive the demand for healthcare and personal care products.

This, in turn, is anticipated to lead to a consequent increase in demand for plastic injection-molded plastic products and thus, the plastic injection molding machines market. In addition, emerging economies are exploring the varied benefits of electric plastic injection molding machines, which are projected to supplement the plastic injection molding machine market demand.

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Market Segments

By Machine Type

• All-Electric
• Hybrid
• Hydraulic

By Clamping Force

• Less than 200 tons
• 200-500 tons
• More than 500 tons

By Application

• Automotive
• Electronics
• Healthcare
• Packaging
• Others

By Solution

• New Sales
• Aftermarket Sales

Major Players of the Global Plastic Injection Molding Machine Market

The global plastic injection molding machine market report includes players such as ARBURG, ENGEL, Haitian International, Husky Plastic injection Molding Systems, KraussMaffei Group, Milacron Holdings Corp., Nissei Plastic Industrial Co., Ltd., Sumitomo Heavy Industries, The Japan Steel Works, and UBE Industries, Ltd.

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