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Injection Molded Plastics Market Worth USD 498.98 Billion by 2027; Toshiba Corporation Broadens its U.S. Injection Molding Division, declares Fortune Business Insights™

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Pune, India, March 19, 2021 (GLOBE NEWSWIRE) — The global injection molded plastics market size is expected to gain momentum from their rising applications in a wide variety of industries, such as medical, electrical & electronics, building & construction, packaging, and automotive. Fortune Business Insights™ provided this information in a new report, titled, “Injection Molded Plastics Market Size, Share & COVID-19 Impact Analysis, By Resin (Polypropylene (PP), Acrylonitrile butadiene styrene (ABS), High-density polyethylene (HDPE), Polystyrene (PS), and Others), By Application (Automotive, Packaging, Building & Construction, Electrical & Electronics, Medical, and Others), and Regional Forecast, 2020-2027.” The report further states that the market size stood at USD 360.60 Billion in 2019 and it is projected to reach USD 498.98 Billion by 2027, exhibiting a CAGR of 4.8% during the forecast period.
The outbreak of the COVID-19 pandemic is likely to cause mixed growth for the market. The demand for injection molded plastics would decline from electrical & electronics, building & construction, and automotive industries. But, it would surge from the medical and packaging industries. We are delivering special research reports to help you regain business confidence at such a difficult phase.
This Report Answers the Following Questions:What are the market growth drivers, hindrances, and dynamics?Which region and segment would dominate the market in the coming years?Which companies would lead the market by generating the largest revenue?How will the companies increase sales of this type of molded plastics amid the COVID-19 pandemic?
Get Sample PDF Brochure with Impact of COVID19:https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/injection-molded-plastics-market-101970
Drivers & Restraints-Increasing Usage in Food & Beverages Industry to Drive GrowthInjection molded plastics are nowadays being majorly used in packaging applications. It is experiencing high demand from the food and beverage industry as the material is capable of keeping food items safe. They are extensively used to manufacture bottles, containers, closures, and caps. A container made with injection molded plastic is lead-resistant and clear. Therefore, it keeps food and beverages fresh for a longer period of time. At the same time, these plastics are microwavable, washable, and reusable. These factors are set to propel the injection molded plastics market growth in the coming years.
Segment-Packaging Segment to Grow Considerably Stoked by Increasing Demand from PeopleBased on application, the packaging segment held 35.59% in terms of injection molded plastics market share in 2019. The retail, pharmaceutical, and food & beverages applications are the main contributors to growth. This is because people are rapidly shifting towards plastic packaging from metal and glass ones.
Regional Analysis-Asia Pacific to Remain at Forefront Owing to High Population & UrbanizationIn 2019, North America procured USD 51.11 billion in terms of revenue. The growth in this region is attributable to the presence of several reputed companies, as well as the increasing demand from the electronics and packaging industries. Asia Pacific is expected to dominate throughout the forthcoming years, with China being the major contributor. Rapid urbanization and increasing population would help the market in this region to grow.
Competitive Landscape-Key Players Aim to Broaden Their Existing Facilities to Intensify CompetitionMost of the companies present in the market are located in Asia Pacific. Those situated in Europe and North America are striving to strengthen their positions by expanding their existing facilities.
Browse Detailed Summary of Research Report with TOC:https://www.fortunebusinessinsights.com/injection-molded-plastics-market-101970
Below is one of the latest industry developments:September 2019: Toshiba Corporation broadened its U.S. Injection Molding Division. It has shifted to a 58,000 ft2 facility that includes powering up machines for complete inspections of machines, delivering special options on custom orders, making software updates, and conducting test runs.Fortune Business Insights™ presents a list of all the renowned injection molded plastics manufacturers operating in the market. They are as follows:BASF SE (Germany)Dow Inc. (U.S)DuPont (U.S)HTI Plastics (U.S)Valder Kunststoffverarbeitungs GmbH (Germany)LyondellBasell (Netherlands)Toshiba Corporation (Japan)Coastal Plastic Molding, Inc.(U.S.)Huntsman Corporation. (U.S.)Magna International Inc.(Canada)Others
Inquire Before Buying This Research Report:https://www.fortunebusinessinsights.com/enquiry/queries/injection-molded-plastics-market-101970
Detailed Table of Content:IntroductionResearch ScopeMarket SegmentationResearch MethodologyDefinitions and AssumptionsExecutive SummaryMarket DynamicsMarket DriversMarket RestraintsMarket OpportunitiesKey InsightsKey Industry TrendsOverview of Global Injection Molded Plastics ProductionCOVID-19 Impact on the Global Injection Molded Plastics MarketGlobal Injection Molded Plastics Market Analysis, Insights and Forecast, 2016-2027Key Findings / SummaryMarket Analysis, Insights and Forecast – By ResinPolypropylene (PP)Acrylonitrile butadiene styrene (ABS)High-density polyethylene (HDPE)Polystyrene (PS)Others (Polycarbonate, Polyamide, etc.)Market Analysis, Insights and Forecast – By ApplicationAutomotivePackagingBuilding & ConstructionElectrical & ElectronicsMedicalOthersMarket Analysis, Insights and Forecast – By RegionNorth AmericaEuropeAsia pacificLatin AmericaMiddle East & AfricaTOC Continued…!
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About Us:Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them to address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data. At Fortune Business Insights™, we aim at highlighting the most lucrative growth opportunities for our clients. We, therefore, offer recommendations, making it easier for them to navigate through technological and market-related changes. Our consulting services are designed to help organizations identify hidden opportunities and understand prevailing competitive challenges.
Contact Us:Fortune Business Insights™ Pvt. Ltd.308, Supreme Headquarters,Survey No. 36, Baner,Pune-Bangalore Highway,Pune – 411045, Maharashtra, India.Phone:US :+1 424 253 0390UK : +44 2071 939123APAC : +91 744 740 1245Email: sales@fortunebusinessinsights.com

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