Injection Molding Machine Market Size Expected to Reach $20.49 Billion by 2027 | Expanding Applications of Molded Plastics Across Industries in Boos... (2023)

FAQs

How large is the injection molding industry? ›

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.

Metal Molds Market for Plastic Injection Molding size was recorded at USD 4.5 billion in 2022.

Plastics Injection Molding Market Analysis

The global plastics injection molding market is expected to reach 1,44,599 kilotons by the end of this year. It is projected to register a CAGR of over 3.5% during the forecast period.

The estimated value of global plastic injection molding market in 2021 was accounted to be USD 271.6 Billion.

The market size, measured by revenue, of the Contract Injection Molding Manufacturing industry is $16.8bn in 2023.

Injection Molding Machine Market was valued at USD 10.4 billion in 2022 and is projected to reach USD 12.4 billion by 2027, growing at a cagr 3.6% from 2022 to 2027.

A small and simple single cavity plastic injection mold usually costs between $1,000 and $5,000. Very large or complex molds may cost as much as $80,000 or more. On average, a typical mold that produces a relatively simple part small enough to hold in your hand costs around $12,000.

Their fungus, a specimen of Armillaria ostoyae, covered about 1,500 acres (600 hectares) or 2.5 square miles (6.5 square kilometers). And in 2003 Catherine Parks of the USFS in Oregon and her colleagues published their discovery of the current behemoth 2,384-acre Armillaria ostoyae.

Material Cost

These moulds are often made from different grades of steel or aluminium. The choice of material for the mould will likely depend on the number of parts to be produced. The more parts to be produced, the better and more expensive grade of steel should be used.

In terms of revenue, polyethylene held the largest market share of more than 25.28% in 2022. It is primarily used in the packaging sector, which includes containers & bottles, plastic bags, plastic films, and geomembranes. It is used in various applications.

What state is best for injection molding? ›

Injection-moulding machines for rubber or plastic are the world's 548th most traded product. In 2021, the top exporters of Injection-moulding machines for rubber or plastic were China ($1.87B), Japan ($1.22B), Germany ($972M), Austria ($919M), and South Korea ($257M).

How much does an Plastic Injection Molding Operator II make hourly in the United States? The average hourly wage for an Plastic Injection Molding Operator II in the United States is $24 as of May 01, 2023, but the range typically falls between $21 and $26.

The injection molding technique is famous for its fast production rate and efficiency. This high production output provides cost-saving advantages and makes the process ideal for mass production. The technique also focuses on repeatability, with low scrap rates compared to conventional processes.

There are 434 Contract Injection Molding Manufacturing businesses in the US as of 2023, an increase of 0.7% from 2022.

To get an accurate idea of the value of your injection molding operation, the valuation needs to consider things like past performance, historic growth trends, customer concentration, condition of your equipment, certifications, and other factors.

Medical & Pharmaceuticals

As many medical products must be shatter-proof, non-porous, and perfect in shape, plastic injection molding is critical for medical and pharmaceutical production.

The Engel duo 130000/130000H/8200 combi machines each feature two 85,000 cm³ (approx. 2900 oz.) injection units capable of a combined total shot weight of 270 lbs (122 kg). In terms of footprint, the machines measure 96 feet (29.3 meters) long and 37 feet (6.4 meters) wide.

The global metal injection molding (MIM) market was valued at USD 3.96 billion in 2021 and is expected to reach USD 9.80 billion by 2029, registering a CAGR of 12.00% during the forecast period of 2022-2029.

What is the largest molding machines? ›

Austrian injection molding machine manufacturer ENGEL has set a new record with two injection molding machines delivered to the USA. With a clamping force of 8,000 tons each, they are the largest machines ever built at the St. Valentin plant in Austria.

Injection Mold Cost Overview

The plastic injection molding process can cost anywhere from $3,000 to $100,000 or more. Simple molds are typically in the $3,000 and $6,000 range while the price for large, more complex, high-production, or multi-cavity molds can cost $25,000 to $50,000 or more.

Single cavity custom silicone injection molds may cost from $500 to $5000 on average depending on the size and complexity of the mold required. A two cavity mold, one with complex geometry or a mold for a large product can cost as much as $20000.

Even though a complete mold flow analysis costs between $1,000 and $2,000 and takes a few extra days, the practice can pay off quickly, in both time and money. Without mold flow analysis, the whole process is more about trial and error.

Number 1- Florida. Florida takes the cake here. It's the home of many things such as Mickey Mouse, hurricanes, palm trees, The Everglades, and overall craziness! Florida is also home to the state where you are most likely to have a mold issue.

The Most Dangerous Molds. Toxic molds fall into five categories. Those categories are Penicilium, Fusarium, Stachybotrys, Aspergillus and Cladosporium.

An injection mold is easily the most expensive part of the project, and can dramatically increase costs for small part runs. The main factors that influence the cost of an injection mold are the size and intricacy of the part, the material used, and the number of parts being produced.

If you have ever been involved in injection molding projects, you know that they can easily be the most expensive part of a project.

Most mold making materials are utilized are made from natural or manmade rubber because of their flexibility and the ability to reproduce extraordinary detail. But some molds are made with more rigid materials such as gypsum plasters. The most common mold rubbers are natural latex, polyurethane, epoxy and silicone.

What company wastes the most plastic? ›

Most notably, The Coca-Cola Company has been the world's top plastic polluter by a significant margin every year since the global brand audit began in 2018. The 2022 brand audit found more than 31,000 Coca-Cola branded products, a 63% increase from 2021.

China: the plastic leader

As the leading manufacturing economy and exporter of goods in the world, it is not surprising that China is the world's largest producer of plastic as well. China's monthly production of plastics ranges (on average) from between six and eight million metric tons.

However, because of the cost and time consuming nature of injection moulding tooling design, 3D printing is generally seen as a better process for prototyping.

Start-up costs are high.

Since custom tooling must be created for each injection molded part, initial start-up costs are high and this isn't economical for low-volume production runs.

Headquartered in Austria and with 9 locations worldwide, ENGEL is the world's leading manufacturer of plastic injection molding machines. Besides machine building, it also offers a wide range of services.

Meanwhile, The extrusion process is less costly upfront, with tooling costs 80% to 90% less than injection molding, but slightly more expensive over time as it produces parts at a more medium cost per part.

Materials used in injection molding are plastics, specifically thermoplastics. There are hundreds of thermoplastics, but the most common thermoplastics used in injection molding are: Polypropylene. Polyethylene.

Plastic injection molds last from hundreds to over a million cycles. A plastic injection mold lifespan depends on its environment, maintenance, structure, SPI classification, and other factors.

How much is rapid injection Moulding? ›

How much does injection moulding cost? Typically, the tooling costs is between $2,000 – $10,000. However, depending on the complexity of the project, type of tool, and other factors, it can go well over $10,000.

Injection molding has minimal scrap rates.

Compared to other manufacturing processes like CNC machining, injection molding produces very little scraps, making it a more sustainable method.

The main advantage of injection moulding is being able to scale up production to produce a large number of parts. Once the initial costs of the design and the moulds have been covered, the price of manufacturing is very low. The cost of production drops as more parts are produced.

Large Part Size Limitations

Huge machines are needed to make plastic injection mouldings. Very large parts need an enormous mould tool and become very expensive to make, in which case a process like Plastic Fabrication may be a better choice, depending on the tye of product needed.

Large industrial injection molding machines can cost anywhere from $50,000 to $200,000+. These machines also come with more stringent facility requirements and require skilled labor for operation, maintenance, and monitoring.

Vishvakarma Vertical Plastic 50gm injection Moulding Machine at Rs 399999 in Ahmedabad.

Materials with the lowest cost, generally polypropylene and polyethylene, are incredibly versatile and are used to make everything from milk jugs to car batteries. These are the materials most people use every day and low material costs help make mass production possible.

Injection moulding can produce an incredible amount of parts per hour. Speed depends on the complexity and size of the mould, anywhere between 15-120 seconds per cycle time.

Plastic injection molding is the most widely used components manufacturing process for a variety of reasons, including: Flexibility: manufacturers can choose the mold design and type of thermoplastic that's used for each component.

Reported machine rates for injection molders range from $20.00 per hour to $328.90 per hour. The most easily defined factor at play is machine tonnage.

What is the national average rate for an injection molding machine? ›

Injection Mold Cost Overview

Simple molds are typically in the $3,000 and $6,000 range while the price for large, more complex, high-production, or multi-cavity molds can cost $25,000 to $50,000 or more.

The Engel duo 130000/130000H/8200 combi machines each feature two 85,000 cm³ (approx. 2900 oz.) injection units capable of a combined total shot weight of 270 lbs (122 kg). In terms of footprint, the machines measure 96 feet (29.3 meters) long and 37 feet (6.4 meters) wide.

Hydraulic injection molding machines are the most common type of machine on the market. They are typically less expensive than electric or servo-electric machines, and they are easy to operate.

The simple answer is that making a successful injection mould tool is a hugely complex undertaking that require a lot of thought, planning, expertise and labour. The higher the complexity, the more expensive the cost of your mould will be.