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Global Injection Molded Plastics Market 2019-2023 | Growth Analysis and Forecast | Technavio

LONDON--(BUSINESS WIRE)--The global injection molded plastics market research report by predicts the market to post a CAGR of around 5% during the period 2019-2023.

The demand for injection molded plastics for packaging applications in the F&Bs and consumer goods industries have been growing. These plastics are suitable for various packaging applications owing to their durability, performance, corrosion resistance, and temperature resistance. The increased shelf life and ease of transportation of plastics are also expected to contribute to the growth of the market in the packaging industry.

As per Technavio, the increasing innovations in the global packaging industry will have a positive impact on the market and contribute to its growth significantly over the forecast period. This research report also analyzes other important trends and market drivers that will affect market growth over 2019-2023.

This report is available at a USD 1,000 discount for a limited time only:

Global injection molded plastics market: Increasing innovations in the global packaging industry

The consumption of injection molded plastics is expected to increase owing to its use in active packaging, modified atmosphere packaging (MAP), and intelligent packaging. Innovations in bottles and cans, which are employed in packaging the F&B products and medicines are expected to increase the demand for injection molded plastics.

“Intelligent packaging makes use of smart materials for detecting changes in the environment through a combination of sensors, processors, and indicators. The packaging is blended with controlled gases such as oxygen, nitrogen, and carbon dioxide in modified atmosphere packaging to achieve the optimal blend for packaging food products. The demand for injection molded plastics is expected to be driven by extensive research and product development in the global packaging industry,” says a senior research analyst at Technavio.

Global injection molded plastics market: Segmentation analysis

This injection molded plastics market analysis report segments the market by application (packaging, consumer goods and electronics, automobile, and others), raw material (polyethylene, polypropylene, polyvinyl chloride, and others), and geography (APAC, Europe, MEA, South America, and North America).

The packaging segment held the largest injection molded plastics market share in 2018. Some of the major materials used in the production of injection molded plastics are polypropylene, acrylonitrile butadiene styrene, and high-density polyethylene. These materials are suitable for packaging applications due to factors such as low cost, compatibility, and flexibility.

APAC accounted for the highest share of the market in 2018. End-user industries of injection molded plastics in China, India, Japan, South Korea, and Indonesia will contribute significantly to the injection molded plastics market in APAC. Owing to the superior flexibility and extreme durability of these plastics, they are used for packaging F&B.

Looking for more information on this market'

Technavio’s sample reports are free of charge and contain multiple sections of the report such as the market size and forecast, drivers, challenges, trends, and more.

Some of the key topics covered in the report include:

Market Landscape

  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis

Market Sizing

  • Market definition
  • Market size and forecast

Five Forces Analysis

Market Segmentation

Geographical Segmentation

  • Regional comparison
  • Key leading countries

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • Competitive scenario

About Technavio

is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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» Publication Date: 05/02/2019

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