Injection Molding Market Size Worth $397.6 Billion By 2030
Injection Molding Industry Overview The global injection molding market size was estimated at USD 261.8 billion in 2021 and is anticipated to expand at a compounded annual growth rate (CAGR) of 4.8% from 2022 to 2030. The market growth is expected to be driven by the increasing demand for mass production of thousands of identical components at lower costs coupled with design flexibility, precision from various end-user industries such as packaging, medical, and electronics. The global economic recovery has been jolted by the quick emergence of the omicron strain in 2021. High transmissibility and ability to infect the vaccinated may lead to the imposition of lockdown and cause supply chain disruptions. Gather more insights about the market drivers, restrains and growth of the Global Injection Molding Market Furthermore, countries such as China, India, South Korea are focusing on strengthening domestic manufacturing to hedge themselves from future disruptions which are expecte...