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Redding, California - August 12, 2025

Injection Molding Market to Be Worth $426.7 Billion by 2032

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 2032

Meticulous Research^®—leading global market research company, published a research report titled, ‘Injection Molding Market by Material (Plastic, Metal), Technology, (Structural Foam Molding, Liquid Silicone Injection Molding), Application, Sector (Packaging, Electronics, and Healthcare) and Geography—Global Forecast to 2032.’ According to this latest publication from Meticulous Research^®, the injection molding market is projected to reach $426.7 billion by 2032, at a CAGR of 4.6% during the forecast period 2025–2032.

The growth of the injection molding market is primarily driven by the high demand for injection molded in packaging industry, increasing usage in automotive sectors, and rising demand from consumer electronics industry. However, the high initial and maintenance cost of injection molding machines restrain the growth of this market.

Moreover, the increasing demand for injection molded in healthcare is expected to generate growth opportunities for the players operating in this market. However, misconception regarding injection molding is a challenge impacting the growth of the injection molding market.

The injection molding market is segmented by material (plastic, {polypropylene, polyurethane, acrylonitrile butadiene styrene, polyethylene terephthalate, polyethylene, and other plastic materials}, metal {stainless steel, tungsten carbides, alloys, cobalt-chrome, titanium, and other metal materials}, other materials), technologies (gas-assisted injection molding, thin-wall molding, liquid silicone injection molding, structural foam molding, and metal injection molding), application (automotive components, food and beverage packaging, stock materials, toys and figurines, mechanical components, electronics hardware and housings, medical device components, and other applications), sector (electronics, automotive, building & constructions, transportation, healthcare, packaging, consumer goods, mechanical engineering, and other sectors). The study also evaluates industry competitors and analyzes the market at the regional and country levels.

Based on material, the injection molding market is segmented into plastic, metal, and other materials. In 2025, the plastic segment is expected to account for the largest share of over 90.0% of the injection molding market. The segment’s large share is attributed to the growing focus on using recycled materials and developing biodegradable plastics and increasing demand for consumer products such as packaging, household items, and toys. In addition, the benefits associated with plastic injection molding, such as high precision and consistency, efficiency in mass production, design flexibility, material versatility, and automation and efficiency, further support the growth of this segment. Moreover, this segment is expected to grow at a higher CAGR during the forecast period.

Based on technology, the injection molding market is segmented into the gas-assisted injection molding, thin-wall molding, liquid silicone injection molding, structural foam molding, and metal injection molding. In 2025, the gas-assisted injection molding segment is expected to account for the largest share of 24.0% of the injection molding market. The large share of this technology is mainly due to its ability to produce large, complex, and lightweight parts with superior structural integrity and reduced material consumption.

However, metal injection molding (MIM) is growing rapidly during the forecast period, as industries increasingly demand small, high-precision metal parts with complex geometries that traditional machining cannot produce cost-effectively. MIM combines powdered metal with a polymer binder, enabling the molding of intricate shapes that are later sintered into fully dense metal components.

Based on application, the injection molding market is segmented into the automotive components, food and beverage packaging, stock materials, toys and figurines, mechanical components, electronics hardware and housings, medical device components, and other applications. In 2024, the food and beverage packaging segment is expected to account for the largest share of over 25% of the injection molding market. However, the medical device components segment is projected to grow at the highest CAGR during the forecast period of 2025–2035. The rapid growth of this segment is mainly due to increasing healthcare demands, technological advancements, and stringent quality standards. Injection molding enables the production of high-precision, sterile, and biocompatible parts such as syringes, IV connectors, surgical tools, and diagnostic equipment housings. The ability to manufacture complex, miniaturized components with materials like medical-grade polymers and liquid silicone rubber (LSR) supports the expanding need for disposable and implantable medical devices.

Based on sector, the injection molding market is segmented into consumables & electronics, automotive, building & constructions, transportation, healthcare, packaging, consumer goods, mechanical engineering, and other sectors. In 2025, the packaging segment is expected to account for the larger share of over 24.0% of the injection molding market. However, the healthcare segment is witnessing rapid growth as medical advancements and increasing health awareness drive demand for precision-engineered, sterile, and disposable plastic components. Injection molding is indispensable in producing medical devices such as syringes, IV components, surgical instruments, and diagnostic equipment housings, where material purity, dimensional accuracy, and biocompatibility are paramount. The COVID-19 pandemic accelerated the need for single-use medical products to ensure hygiene and infection control, further propelling market expansion. Moreover, the adoption of advanced materials like liquid silicone rubber (LSR) and high-performance polymers for implantable and wearable medical devices underscores the sector's reliance on injection molding technology to meet stringent regulatory standards and innovate patient care solutions.

Based on geography, the injection molding market is segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. In 2024, Asia-Pacific is expected to account for the largest share of over 45% of the injection molding market. The presence of prominent injection molding players is expected to contribute to the high revenue share of this region. In addition, the rapid growth in automotive industry, high demand for injection molded in packaging industry, rising demand from consumer electronics industry, and growing emphasis on sustainability drive the demand for injection molding in the region.

Furthermore, the rapid industrialization and governments in the region investing in infrastructure and manufacturing capabilities, are predicted to fuel the injection molding market's expansion Moreover, Asia-Pacific is expected to witness the highest CAGR of 5.4% during the forecast period. Also, the rapid growth of this regional market is attributed to the growth in regional economies and the rapid infrastructure development, especially in Japan, South Korea, and India.

Key Players

The key players operating in the injection molding market are Proto Labs (U.S.), The Rodon Group (U.S.), EVCO Plastics (U.S.), HTI Plastics (U.S.), Tessy Plastics (U.S.), C&J Industries, Inc. (U.S.), Biomerics (U.S.), All-Plastics, LLC. (U.S.), Majors Plastics, Inc. (U.S.), Currier Plastics, Inc. (U.S.), H&K Müller GmbH & Co. KG (Germany), Hehnke GmbH & Co KG (Germany), TR PLAST GROUP (Europe), and D&M Plastics, LLC (U.S.).

Download Sample Report Here @ https://www.meticulousresearch.com/download-sample-report/cp_id=5981

Key Questions Answered in the Report:

Which are the high-growth market segments in terms of material, technology, application and sector?
What was the historical market size for injection molding globally?
What are the market forecasts and estimates for 2024–2031?
What are the major drivers, restraints, opportunities, challenges, and trends in the injection molding market?
Who are the major players in the injection molding market, and what are their market shares?
What is the competitive landscape like?
What are the recent developments in the injection molding market?
What are the various growth strategies adopted by major market players?
What are the major market trends, and which are the high-growth countries?
Who are the local emerging players in the injection molding market, and how do they compete with other players?

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Redding, California - August 12, 2025

Injection Molding Market to Be Worth $426.7 Billion by 2032

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 2032

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