Product ID: SQMIG30H2032
Report ID:
SQMIG30H2032 |
Region:
Global |
Published Date: February, 2024
Pages:
165
|
Tables:
66 |
Figures:
75
Injection Molded Plastic Market Drivers
In many different industries, injection-molded plastic offers a wide variety of uses. The automotive industry is also expanding its need for strong, lightweight alternatives to heavy metal components. Similar to how the packaging, construction, and pharmaceutical industries are growing, so is the demand for injection-molded plastics. Among all the packaging industry is the major consumer of molded plastics.The commonly used molded plastics in packaging application include PE,PP and PET. The injection molding sector will surely benefit from and be stimulated by technological advancements in molding technology.
Injection Molded Plastic Market Restraints
Stringent Regulations of Governments
The rising awareness among the individuals regarding the environment is the major concern for this market . The use of plastic has a harmful impact on the environment as it takes decades to decompose . Governments all around the globe have to take several important measures to reduce the use of plastic to decrease the plastic waste.Stepins are done by the government to promote the recycling of plastic and sustainable packaging.
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REQUEST FREE CUSTOMIZATIONGlobal Injection Molded Plastic Market size was valued at USD 284.7 billion in 2019 and is poised to grow from USD 296.66 billion in 2023 to USD 429.6 billion by 2031, growing at a CAGR of 4.2% in the forecast period (2024-2031).
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Product ID: SQMIG30H2032