Plastic Injection Molding Machine Market

In terms of value, the plastic injection molding machine market is estimated to grow from USD 11.98 billion in 2024 to USD 14.78 billion by 2030, at a CAGR of 3.56%. Growth in the packaging industry has hugely impacted the plastic injection molding machine market. With the boost of more e-commerce, retail, and consumer products, the demand for diverse, reliable, and eco-friendly packages has increased significantly. Plastic injection molding machines are ideal for producing strong and lightweight packaging materials such as tubs, caps, closures, and containers.

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). These players have adopted various growth strategies to strengthen their position in the market. These include introducing new technologies, expansions, acquisitions, and product launches to acquire larger market shares.

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Haitian International Holdings Limited is one of the world's leading manufacturers of plastic injection molding machines. The company serves various applications through its PIMMs (Plastic Injection Molding Machines) segment and Parts & service segment. Haitian International Holdings Limited has strong product portfolio which includes Mars series (energy-saving features PIMMs), Jupiter series (two-platen PIMMs), Zhafir electrical PIMMs series. The company manufactures and distributes plastic injection molding machines. It has an extensive sales network across China and exports plastic injection molding machines to over 100 countries. Haitian has 60 sales and service partners, including operations in nine locations for assembly and logistics worldwide.

Chen Hsong Holdings Limited is one of the top manufacturers of plastic injection molding machines. The company has developed manufacturing facilities in Shenzhen, Shunde, Ningbo (China), and Taoyuan (Taiwan). It produces approximately 20,000 machines annually. It has a customer base in more than 90 countries, in Asia Pacific, Europe, North America, and South America. The strong R&D capabilities and diversified business operations enable the company to enhance its product offerings in the market. The reduction of risk exposure with new product lines enables the company to increase market share.

Related Reports:

Plastic Injection Molding Machine Market by Machine Type (Hydraulic, All-Electric, Hybrid), Clamping Force (0-200, 201-500, Above 500), End-Use Industry (Packaging, Automotive, Consumer Goods, Packaging, Healthcare), and Region - Global Forecast to 2030

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