Press release
Plastic Injection Molding Machine Market Size in 2023 To 2028 | Haitian International Holdings Limited (China), Chen Hsong Holdings Ltd. (China), Engel Austria GmbH (Austria), Sumitomo Heavy Industries Limited (Japan), Hillenbrand, Inc. (US), Japan Steel
๐๐จ๐ฐ๐ง๐ฅ๐จ๐๐ ๐ ๐ซ๐๐ ๐๐๐ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ฉ๐จ๐ซ๐ญ + ๐๐๐ญ๐๐ข๐ฅ๐๐ ๐๐๐ โก๏ธ https://www.reportsnreports.com/contacts/requestsample.aspx?name=4296121
๐๐ก๐ ๐ค๐๐ฒ ๐ฉ๐ฅ๐๐ฒ๐๐ซ๐ฌ ๐ฉ๐ซ๐จ๐๐ข๐ฅ๐๐ ๐ข๐ง ๐ญ๐ก๐ ๐ซ๐๐ฉ๐จ๐ซ๐ญ ๐ข๐ง๐๐ฅ๐ฎ๐๐ Haitian International Holdings Limited (China), Chen Hsong Holdings Ltd. (China), Engel Austria GmbH (Austria), Sumitomo Heavy Industries Limited (Japan), Hillenbrand, Inc. (US), Japan Steel Works Ltd. (Japan), Arburg GmbH (Germany), Nissei Plastic Industrial Co., Ltd. (Japan), Husky Injection Molding Systems Ltd. (Canada), and KraussMaffei Group GmbH (Germany).
In terms of value, the plastic injection molding machine market is estimated to grow from USD 9.5 billion in 2022 to USD 11.6 billion by 2028, at a CAGR of 3.4%. The growth of the automotive, packaging and consumer goods industries is driving the demand for plastic injection molding machine. These machines are extensively used in the production of containers, bottle, caps, closure and other packing solutions. The growing competition among packaging manufacturers has led to the adoption of different types of packaging. Also, the demand for sustainable and innovation packaging majorly in food & beverage industry is expected to fuel the market growth.
"0-200 is expected to be the second fastest-growing segment of the plastic injection molding machine market, in terms of value, during the forecast period."
Clamping force refers to the force applied to a mold by a clamping unit of a plastic injection molding machine to keep it tightly closed. The plastic injection molding machine market is segmented based on clamping force into three types: 0-200 ton-force, 201-500 ton-force, and above 500 ton-force. 0-200 ton-force is available in all three types of plastic injection molding machines (hydraulic, all-electric, hybrid).
"Hybrid is expected to be the second fastest-growing machine type of the plastic injection molding market, in terms of value, during the forecast period."
Hybrid injection molding machines are also referred to as "servo-hydraulic," as they have specifications of both hydraulic and all-electric injection molding machines (hydraulic clamp, hydraulic injection, hydraulic eject, 1-2 motors, motor/drive creates harmonics, 85 power factor). Hybrid machines are majorly used in healthcare and electrical & electronics application. Aging population and growing awareness regarding health issues is driving the growth of healthcare industry which in turn fuels the demand for plastic injection molding machines used to manufacture medical devices.
"Packaging is expected to be the second fastest-growing application of the plastic injection molding machine market, in terms of value, during the forecast period."
With the changing lifestyle and preference for home delivery the demand for sustainable packaging is increasing in food & beverage industry. Plastic injection molding provides various advantages for packaging application including cost-effectiveness, design flexibility, durability and efficient production capabilities. All these factors drive the demand for plastic injection molding machine in packaging application.
"๐๐ฌ๐ข๐ ๐๐๐๐ข๐๐ข๐ ๐ข๐ฌ ๐ฉ๐ซ๐จ๐ฃ๐๐๐ญ๐๐ ๐ญ๐จ ๐๐ ๐ญ๐ก๐ ๐๐๐ฌ๐ญ๐๐ฌ๐ญ ๐ ๐ซ๐จ๐ฐ๐ข๐ง๐ ๐ซ๐๐ ๐ข๐จ๐ง, ๐ข๐ง ๐ญ๐๐ซ๐ฆ๐ฌ ๐จ๐ ๐ฏ๐๐ฅ๐ฎ๐, ๐๐ฎ๐ซ๐ข๐ง๐ ๐ญ๐ก๐ ๐๐จ๐ซ๐๐๐๐ฌ๐ญ ๐ฉ๐๐ซ๐ข๐จ๐ ๐ข๐ง ๐ญ๐ก๐ ๐ฉ๐ฅ๐๐ฌ๐ญ๐ข๐ ๐ข๐ง๐ฃ๐๐๐ญ๐ข๐จ๐ง ๐ฆ๐จ๐ฅ๐๐ข๐ง๐ ๐ฆ๐๐๐ก๐ข๐ง๐ ๐ฆ๐๐ซ๐ค๐๐ญ."
Asia Pacific is known for its low cost of labor, easy availability of raw materials, increase in adoption of modern technologies, innovations, and easy availability of inexpensive lands, which makes it the global hub for manufacturing. The increasing production and demand for passenger vehicle especially from India and China makes Asia Pacific an attractive region for automotive manufacturers. According to OICA, China was the largest automotive manufacturer, across the globe, in 2022. Due to the presence of key automotive players such as Honda, Toyota, Hyundai, and Nissan in Asia Pacific, there is an increase in the production of automotive. BMW and Volkswagen manufacturers have also expanded their business in this region. These factors are anticipated to fuel the growth of the plastic injection molding machine market in the region.
โก๏ธ ๐๐ง๐ช๐ฎ๐ข๐ซ๐ ๐ ๐จ๐ซ ๐๐จ๐ซ๐ ๐๐ง๐๐จ๐ซ๐ฆ๐๐ญ๐ข๐จ๐ง @ https://www.reportsnreports.com/contacts/inquirybeforebuy.aspx?name=4296121
The report provides insights on the following pointers:
Market Penetration: Comprehensive information on plastic injection molding machine offered by top players in the global market
Analysis of key drives: (Increasing demand from packaging industry, rising awareness about energy savings, growth in automotive sector and new developments in plastic injection molding technology), restraints (high initial and maintenance cost of machines), opportunities (demand from healthcare industry, rising trend of electric vehicles and demand for large-tonnage plastic injection molding machines), and challenges (high heating and hydraulic pressure, less economical for small production capacities) influencing the growth of plastic injection molding machine market.
Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product & service launches in the Plastic injection molding machine market
Market Development: Comprehensive information about lucrative emerging markets - the report analyzes the markets for plastic injection molding machine across regions
Market Diversification: Exhaustive information about new products, untapped regions, and recent developments in the global plastic injection molding machine market
Competitive Assessment: In-depth assessment of market shares, strategies, products, and manufacturing capabilities of leading players in the plastic injection molding machine market
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Plastic Injection Molding Machine Market Size in 2023 To 2028 | Haitian International Holdings Limited (China), Chen Hsong Holdings Ltd. (China), Engel Austria GmbH (Austria), Sumitomo Heavy Industries Limited (Japan), Hillenbrand, Inc. (US), Japan Steel here
News-ID: 3207941 • Views: โฆ
More Releases from ReportsnReports
DeviceCon Series 2024 - UK Edition | MarketsandMarkets
Future Forward: Redefining Healthcare with Cutting-Edge Devices
Welcome to DeviceCon Series 2024 - Where Innovation Meets Impact!
Join us on March 21-22 at Millennium Gloucester Hotel, 4-18 Harrington Gardens, London SW7 4LH for a groundbreaking convergence of knowledge, ideas, and technology. MarketsandMarkets proudly presents the DeviceCon Series, an extraordinary blend of four conferences that promise to redefine the landscape of innovation in medical and diagnostic devices.
Register Now @ https://events.marketsandmarkets.com/devicecon-series-uk-edition-2024/register
MarketsandMarkets presentsโฆ
5th Annual MarketsandMarkets Infectious Disease and Molecular Diagnostics Confer โฆ
London, March 7, 2024 - MarketsandMarkets is thrilled to announce the eagerly awaited 5th Annual Infectious Disease and Molecular Diagnostics Conference, scheduled to take place on March 21st - 22nd, 2024, at the prestigious Millennium Gloucester Hotel, located at 4-18 Harrington Gardens, London SW7 4LH.
This conference promises to be a groundbreaking event, showcasing the latest trends and insights in diagnosis, as well as unveiling cutting-edge technologies that are revolutionizing theโฆ
Infection Control, Sterilization & Decontamination Conference |21st - 22nd March โฆ
MarketsandMarkets is pleased to announce its 8th Annual Infection Control, Sterilisation, and Decontamination in Healthcare Conference, which will take place March 21-22, 2024, in London, UK. With the increased risk of infection due to improper sterilisation and decontamination practices, the safety of patients and healthcare workers is of paramount importance nowadays.
Enquire Now @ https://events.marketsandmarkets.com/infection-control-sterilization-and-decontamination-conference/
This conference aims to bring together all the stakeholders to discuss the obstacles in achievingโฆ
Breast Augmentation Market Key Players, Demands, Cost, Size, Procedure, Shape, S โฆ
The global Breast Augmentation Market in terms of revenue was estimated to be worth $900 million in 2020 and is poised to reach $1,692 million by 2025, growing at a CAGR of 13.4% from 2020 to 2025. The new research study consists of an industry trend analysis of the market. The new research study consists of industry trends, pricing analysis, patent analysis, conference and webinar materials, key stakeholders, and buyingโฆ
More Releases for Plastic
Plastic bottles at events - Better party with plastic
Partying, dancing, camping - festivals attract hundreds of thousands of visitors every year in Germany alone. One challenge: supply and safety. For this reason, drinks in glass bottles are banned at most events due to the risk of injury. Lightweight and unbreakable plastic bottles, on the other hand, are considered a safe and practical alternative. Not only that: they can even be used to make a musical instrument.
Festivals or pageantsโฆ
Plastic Pallet With Plastic Crate Use: Efficient Material Handling
When it comes to efficient moving and storage of goods, a combination of plastic pallets [https://www.agriculture-solution.com/plastic-pallet/]and plastic crates is a popular choice. They are widely used in various industries such as manufacturing, retail, agriculture, etc. for storage and transportation of goods. Plastic pallets are designed to provide a stable base for stacking and shipping goods, while plastic crates provide safe and protective containers for stored or transported items. Plastic palletsโฆ
Plastic Granules Market to Witness Massive Growth by Balaji Plastic, Navkar Indu โฆ
The Worldwide Plastic Granules Market has witnessed continuous growth in the past few years and is projected to grow at a good pace during the forecast period of 2023-2029. The exploration provides a 360ยฐ view and insights, highlighting major outcomes of Worldwide Plastic Granules industry. These insights help the business decision-makers to formulate better business plans and make informed decisions to improve profitability. Additionally, the study helps venture or emergingโฆ
Insights on the Growth of Plastic Granules Market 2018 to 2025 | Profiling Key C โฆ
UpMarketResearch offers a Latest report on โPlastic Granules Market Analysis & Forecast 2018-2025โ delivering key insights and providing a competitive advantage to clients through a detailed report. The report contains 114 pages which highly exhibits on current market analysis scenario, upcoming as well as future opportunities, revenue growth, pricing and profitability.
Request Sample Copy of This Report@ https://www.upmarketresearch.com/home/requested_sample/49052
Plastic Granules research report delivers a close watch on leading competitors with strategicโฆ
Agriculture Film Market SWOT Analysis of Leading Key Players Shandong Tianhe Pla โฆ
HTF MI recently introduced Global Agriculture Film Market study with in-depth overview, describing about the Product / Industry Scope and elaborates market outlook and status to 2023. The market Study is segmented by key regions which is accelerating the marketization. At present, the market is developing its presence and some of the key players from the complete study are British Polythene Industries (BPI), Trioplast, Berry Plastics, Armando Alvarez, Polypak, Barbierโฆ
Building Materials Market 218 : Hepworth, National Plastic Industry, Hira Indust โฆ
Building materials in this report covered the PVC pipes and fittings, PPR pipes and fittings, PE pipes and fittings, fabrication, ducts systems for infrastructure, valves and pumps and electrical conduits PVC systems.
At present, Hepworth, National Plastic Industry, Hira Industries, Florance Plastic Industries, Polyfab Plastic Industry, MPI, Union Pipes Industry, ANABEEB, Borouge and ACO Group are the UAE leading suppliers of the building materials, and top ten of them shared aboutโฆ
