Injection Molding Market to be Worth $426.4 Billion by 2031

Injection Molding Market Size, Share, Forecast, & Trends Analysis by Material (Plastic, Metal), Technology, (Structural Foam Molding, Liquid Silicone Injection Molding), Application, Sector (Packaging, Electronics, and Healthcare), and Geography – Global Forecast to 2031

According to this latest publication from Meticulous Research®, the injection molding market is projected to reach $426.4 billion by 2031, at a CAGR of 3.9% during the forecast period 2024–2031. The growth of the injection molding market is primarily driven by the high demand for injection-molded products in the packaging industry, increasing usage in the automotive sector, and rising demand from the consumer electronics industry. However, the high initial and maintenance costs of injection molding machines restrain the growth of this market.