Meticulous Research®—a leading global market research firm—has released a detailed 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 2031."

The report forecasts that the global injection molding market will reach $426.4 billion by 2031, growing at a compound annual growth rate (CAGR) of 3.9% from 2024 to 2031. This growth is primarily driven by the increasing demand for injection-molded products across various industries, including packaging, automotive, and consumer electronics. However, the market faces challenges such as high initial and maintenance costs of injection molding machines.

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Market Insights and Segmentation:
• Material: The market is segmented into plastic, metal, and other materials. In 2024, the plastic segment is expected to dominate with over 90% of the market share. This dominance is attributed to the widespread use of recycled and biodegradable plastics and the benefits of plastic injection molding, including precision, efficiency, and design flexibility. The plastic segment is also anticipated to grow at a higher CAGR during the forecast period.
• Technology: The market is divided into gas-assisted injection molding, thin-wall molding, liquid silicone injection molding, structural foam molding, and metal injection molding. The structural foam molding segment is projected to hold the largest share in 2024, driven by its adoption in the automotive sector and benefits such as thermal insulation, improved surface finish, and cost-effectiveness. This segment is expected to exhibit the highest CAGR throughout the forecast period.
• Application: Key applications include automotive components, food & beverage packaging, stock materials, toys, mechanical components, electronics hardware, and medical device components. The food & beverage packaging segment is anticipated to account for over 22.8% of the market share in 2024, due to the demand for secure and customizable packaging solutions. This segment is also expected to grow at a higher CAGR.
• Sector: The market is segmented into electronics, automotive, building & construction, transportation, healthcare, packaging, consumer goods, and mechanical engineering. The packaging sector is forecasted to lead with over 24% of the market share in 2024, driven by the need for efficient, durable, and customizable packaging solutions. This sector is also projected to experience significant growth.
• Geography: The market is divided into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. Asia-Pacific is expected to hold the largest market share of over 41.3% in 2024, driven by rapid growth in the automotive and packaging industries, high demand in consumer electronics, and a focus on sustainability. This region is also expected to witness the highest CAGR of 5.4%, fueled by industrialization and infrastructure investments, particularly in Japan, South Korea, and India.

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Key Players:
Leading companies in the injection molding market include C&J Industries, Inc. (U.S.), Biomerics (U.S.), All-Plastics, LLC. (U.S.), Majors Plastics, Inc. (U.S.), HTI Plastics (U.S.), The Rodon Group (U.S.), EVCO Plastics (U.S.), Tessy Plastics Corporation (U.S.), SCHOTT AG (Germany), ENGEL AUSTRIA GmbH (Austria), Husky Technologies (Canada), and NISSEI PLASTIC INDUSTRIAL CO., LTD. (Japan).

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