Plastic Injection Molding Machine Market Size

Plastic Injection Molding Machine Market size was over USD 12.85 billion in 2024 and is poised to exceed USD 23.06 billion by 2037, witnessing over 4.6% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of plastic injection molding machine is evaluated at USD 13.32 billion. The growth of the market is driven in particular by the packaging industry. In the packaging of plastic products, such as cups and containers, injection molding is used extensively. The plastics injection molding machines allow manufacturers in the packaging industry to choose the most appropriate materials for their particular applications, which can be processed from a variety of thermoplastics. The production of plastic packaging accounts for almost 40% of the demand.

As public awareness of the large levels of plastic waste pollution is increasing, sustainability in the plastics sector continues to be a major debate topic. As a result, demand for sustainable products has increased and companies have been encouraged to include plastics that can be recycled or biodegradable, such as PLA or bio-PET, in their products. Moreover, the adoption of all electric injection machines has also increased due to their potential for considerable energy savings.