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%. A plastic injection molding machine is a type of machinery used in the manufacturing industry to produce plastic parts or products through the process of injection molding. Injection molding is a manufacturing process in which molten plastic material is injected into a mold cavity, where it cools and solidifies to form the desired shape. There are two main parts, one is injection unit and the other is clamping unit.
Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=72063702 Plastic Trims And Mouldings
The key players profiled in the report include 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). The Plastic injection molding machine market is witnessing growth in the past few years; new technologies drive the growth of this market. Market players are introducing new technologies and features to acquire larger market shares.
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Haitian International Holdings Limited is one of the largest manufacturers of plastic injection molding machines across the globe. The company exports its products worldwide as well as caters to the domestic demand by engaging in new and advanced product development. It has a strong product portfolio and serves various industries across various regions. The company is majorly fovcused on the expansion of its business in various regions. Zhafir Plastics Machinery, a subsidiary of Haitian International Holdings Limited, opened a new plant in Ningbo, China. The plant has a production area of around 120,000-meter square and the capacity to manufacture 5,000 all-electric injection molding machines per year. This expansion helped the company expand its presence in China.
Chen Hsong Holdings Limited is one of the leading plastic injection molding machine manufacturers across the globe. The company has a customer base in 90+ countries, including China, Taiwan, the US, Canada, France, the UK, Germany, Turkey, India, Brazil, Argentina, and Mexico. Chen Hsong Holdings Limited is engaged in expanding its presence across the globe and caters to potential markets. The company opened its new subsidiary, Chen Hsong Europe B.V., in the Netherlands in 2016. This expansion helped them strengthen its position in Europe and significantly expand the agency network.
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The Asia Pacific region stands as the largest and most rapidly expanding market for plastic injection molding machines. It's fueled by the widespread utilization of plastic packaging, particularly in countries like China and India, where the food and beverage industries play pivotal roles. Recent years have witnessed a surge in innovation and technological advancements within the packaging sector, bolstering various production segments such as agriculture and fast-moving consumer goods (FMCG). With a growing emphasis on energy efficiency and environmental sustainability, industries are increasingly embracing all-electric machines to adhere to stringent regulations. These machines not only align with sustainability objectives but also enable companies to meet the standards mandated by regulatory bodies and certifications. These converging factors propel the demand for plastic injection molding machines across the Asia Pacific region.
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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%. A plastic injection molding machine is a type of machinery used in the manufacturing industry to produce plastic parts or products through the process of injection molding. Injection molding is a manufacturing process in which molten plastic material is injected into a mold cavity, where it cools and solidifies to form the desired shape. There are two main parts, one is injection unit and the other is clamping unit.
Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=72063702
The key players profiled in the report include 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). The Plastic injection molding machine market is witnessing growth in the past few years; new technologies drive the growth of this market. Market players are introducing new technologies and features to acquire larger market shares.
Request Sample Pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=72063702
Haitian International Holdings Limited is one of the largest manufacturers of plastic injection molding machines across the globe. The company exports its products worldwide as well as caters to the domestic demand by engaging in new and advanced product development. It has a strong product portfolio and serves various industries across various regions. The company is majorly fovcused on the expansion of its business in various regions. Zhafir Plastics Machinery, a subsidiary of Haitian International Holdings Limited, opened a new plant in Ningbo, China. The plant has a production area of around 120,000-meter square and the capacity to manufacture 5,000 all-electric injection molding machines per year. This expansion helped the company expand its presence in China.
Chen Hsong Holdings Limited is one of the leading plastic injection molding machine manufacturers across the globe. The company has a customer base in 90+ countries, including China, Taiwan, the US, Canada, France, the UK, Germany, Turkey, India, Brazil, Argentina, and Mexico. Chen Hsong Holdings Limited is engaged in expanding its presence across the globe and caters to potential markets. The company opened its new subsidiary, Chen Hsong Europe B.V., in the Netherlands in 2016. This expansion helped them strengthen its position in Europe and significantly expand the agency network.
Inquiry Before Buying: https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=72063702
The Asia Pacific region stands as the largest and most rapidly expanding market for plastic injection molding machines. It's fueled by the widespread utilization of plastic packaging, particularly in countries like China and India, where the food and beverage industries play pivotal roles. Recent years have witnessed a surge in innovation and technological advancements within the packaging sector, bolstering various production segments such as agriculture and fast-moving consumer goods (FMCG). With a growing emphasis on energy efficiency and environmental sustainability, industries are increasingly embracing all-electric machines to adhere to stringent regulations. These machines not only align with sustainability objectives but also enable companies to meet the standards mandated by regulatory bodies and certifications. These converging factors propel the demand for plastic injection molding machines across the Asia Pacific region.
Read Our Trending Press Release Below:
MarketsandMarkets™ has been recognized as one of America’s best management consulting firms by Forbes, as per their recent report.
MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.
Earlier this year, we made a formal transformation into one of America's best management consulting firms as per a survey conducted by Forbes.
The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.
Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.
Media Contact Company Name:MarketsandMarkets™ Research Private Ltd. Contact Person: Mr. Aashish Mehra Email:Send Email Phone: 18886006441 Address:630 Dundee Road Suite 430 City: Northbrook State: IL 60062 Country: United States Website:https://www.marketsandmarkets.com/Market-Reports/plastic-injection-molding-machine-market-72063702.html
Press Release Distributed by ABNewswire.com To view the original version on ABNewswire visit: Plastic Injection Molding Machine Market Analysis, Trends, Opportunities, Graph, Key Segments, Regional Growth, Key Players and Forecast to 2028
Frédérik-Xavier Duhamel joined The Globe and Mail's Montreal Bureau in 2023 after working for La Presse and CBC/Radio-Canada in Montreal and Vancouver. He holds a Master of Laws from McGill University and a Bachelor of Laws from the University of Montreal.
Tim Shufelt joined the Globe and Mail in August, 2013, primarily to cover investments for Report on Business. Prior to the Globe, he worked as a staff writer at Canadian Business magazine, a business reporter at the Financial Post, and covered city news and courts for the Ottawa Citizen. He has an economics degree from the University of Guelph and a journalism degree from Ryerson University.
John Heinzl has been writing about business and investing since 1990. A native of Hamilton, he earned a master's degree from the University of Western Ontario's Graduate School of Journalism and completed the Canadian Securities Course with honours. His Yield Hog columns explore the world of dividend stocks and other income-producing securities, and his explanatory Investor Clinic columns aim to inform and educate investors who want to take control of their money. 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David Berman reports on investing topics, analyzing market moves and exploring ideas that are essential for big and small investors. He has written extensively on Canadian banks, energy companies and utilities, to name a few sectors, often with a focus on dividends and valuations.
Shane Dingman writes about real estate.
Plastic Injection Molded Parts In the industry since 2004, Shane was previously The Globe's technology reporter, technology editor and worked as a digital editor at The Globe and the National Post.