BCC Research LLC Pegs Global Injection Molding Market Growth at 6.2% per year to 2026
The global market for injection molding is forecast to increase by a compound annual growth rate of 6.2 percent from 2021 to 2026, according to a new report from BCC Research LLC of Wellesley, Mass.
This growth will raise the value of the market to $169.81 billion from $125.95 billion in 2021, the researchers state in the report, “Injection Molding: Global Markets and Technologies.”
The use of polypropylene in molding is expected to increase to $57.38 billion in 2026 from $40.87 billion in 2021, a CAGR of 7 percent.
Packaging will remain the dominant end-use market for injection molding, specified for a range of industries, particularly medical.