Injection Molded Plastics Market Is Finds Future Growth And Business By 2020Posted by pooja on June 11th, 2019 According to a new report by Allied Market Research titled,"Injection Molded Plastic Market - Global Opportunity Analysis and Industry Forecast, 2014 - 2020", the global market for injection molded plastics would be worth 2 billion by 2020, registering a CAGR of 4.9% from 2015 to 2020. Polypropylene injection molded plastics would continue to dominate the market through 2020. Much of the growth for injection molded plastics market shall come from packaging end use segment and is projected to grow at a CAGR of 4.9% during the forecast period. Increasing demand of injection molded plastics in several end use industries such as automotive, packaging, electronics & consumer goods, building & construction, medical disposal, and technological advancements (such as computer aided engineering and automation in injection molding process) is augmenting the growth of the market. Furthermore, low labor cost, minimum waste production, faster production, and ability to process multiple raw materials simultaneously are further boosting the market growth. However, volatility in crude oil prices and high initial tooling cost of injection molding would impede the overall market growth. The packaging will remain dominant market application during 2014-2020. This is primarily due to its increasing adoption in consumer goods, healthcare and cosmetics products. Healthcare segment is the fastest growing end use market owing to its increased usage in the production of tubes and housings for needles, pregnancy test devices, and surgical blades among others. Key Findings of Injection Molded Plastic Market
North America and Europe has been prominent consumers of injection molded plastics, largely due to high demand from packaging and automotive industries. Asia Pacific hosts one of the fastest growing automotive, healthcare, consumer goods, and semiconductors industry and hence offer lucrative growth opportunities for injection molded plastics market in the region. Moreover, China, Japan and India are leading markets in terms of consumption and revenues for injection molded plastics in the region. The injection molded plastics industry is fast moving and continuous product improvement is most required to remain competitive. Continuous innovation in design, specificity, and customization has led to the frequent launch of new and advance products, resulting into adoption in newer applications. Further, key players have been exploring collaborations and joint ventures as a mean to leverage high growth markets. Key companies profiled in the report are BASF, Exxon Mobil Access Full Summery @https://www.alliedmarketresearch.com/injection-molded-plastic-market About Us: Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions. AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement David Correa 5933 NE Win Sivers Drive #205, Portland, OR 97220 United States Toll Free (USA/Canada): +1-800-792-5285, +1-503-894-6022, +1-503-446-114 UK: +44-845-528-1300 Hong Kong: +852-301-84916 India (Pune): +91-20-66346060 Fax: +1⟨855⟩550-5975 Like it? Share it! More by this author |