Plastic Injection Molding Machine Market Share

Asia Pacific Market Forecasts

The market share in the Asia Pacific is poised to reach 58% by the end of 2037. The Asia Pacific is home to some of the most important growth countries, such as China and India. Because of this, the region has enormous potential for growth in a number of sectors. The Asia Pacific region is home to around 61% of the world's population, and manufacturing and processing industries are expanding quickly. The Asia Pacific region is the world's largest market for injection moulding machines, with China accounting for the highest growth prospects. Rising disposable income and increasing living standards in developing Asia Pacific countries are the key drivers of this sector.

North American Market Statistics

The North America plastic injection molding machine market is set to register significant growth during the forecast period. The growth of the packaging industry in this region is expected to be positively influenced by growing demand for on-the-go packaged products, due to increased purchasing power and a busy lifestyle in North America. For the production of different packaging products including containers, bottles, caps & closures and cases, a plastic injection molding machine shall be used. The market growth is expected to be driven by the growing demand for packaging products in this region, coupled with increasing use of plastic injection molders.