Press release
Metal Molds Market for Plastic Injection Molding Trend By 2027 | Top Key Players - MSI Mold Builders Inc. Enko AS; ERMO S.A., Bunty LLC, The Rodon Group, Colonial Machine
The global metal molds for plastic injection molding industry share was projected at $4.16 billion in 2020 and is estimated to surpass $5.5 billion by 2027, registering a CAGR of 3.5%, estimates a study published by Global Market Insights.The metal molds market for plastic injection molding is expected to record extensive growth owing to the rising demand for packaging products in the pharmaceutical, food & beverage, and beauty & personal care industry. Growing demand for smaller and lightweight automotive parts along with the mounting demand for electronics and electronics components is also one of the major factors driving the market growth in the estimated timeframe.
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The key players operating in the market are Forum Plastics LLC, MSI Mold Builders Inc, ERMO S.A., InterTech, Enko AS, Bunty LLC, Engel Austria GmbH, Accede Mold & Tool Co., Inc., The Rodon Group, Colonial Machine, and Jade Group INTL. These players are focusing on taking strategic initiatives like mergers, acquisitions, collaborations, and new product launches for staying competitive in the market.
The medical sector is expected to drive significant demand in the metal molds industry for the plastic injection molding. Rising prevalence of chronic diseases like cancer and diabetes could fuel the demand for new medical device. As per the United Nations (UN), the global burden of chronic diseases is expected to reach about 60% by 2030.
Unhealthy dietary habits, sedentary lifestyles, and lack of exercise are some of the major factors leading to chronic diseases like cancer and diabetes. Chronic diseases weaken the body of a person and increases the vulnerability to be infected by other infections like coronavirus and other diseases which can damage the lungs. Growing demand for medical devices used in the prognosis, treatment, and diagnosis of various diseases is likely to enhance market penetration in the medical sector.
Key Point Of TOC:
Chapter 8 Company Profiles
8.1 MSI Mold Builders Inc.
8.1.1 Business Overview
8.1.2 Financial Data
8.1.3 Product Landscape
8.1.4 Strategic Outlook
8.1.5 SWOT Analysis
8.2 Enko AS
8.2.1 Business Overview
8.2.2 Financial Data
8.2.3 Product Landscape
8.2.4 Strategic Outlook
8.2.5 SWOT Analysis
8.3 ERMO S.A.
8.3.1 Business Overview
8.3.2 Financial Data
8.3.3 Product Landscape
8.3.4 Strategic Outlook
8.3.5 SWOT Analysis
8.4 Bunty LLC
8.4.1 Business Overview
8.4.2 Financial Data
8.4.3 Product Landscape
8.4.4 Strategic Outlook
Continue….
The requirement for metal molds plastic injection molding is expected to exceed in North America. Presence of cutting-edge healthcare product manufacturers focusing on value-added high equipment with specific packaging needs. Rising medical spending and stringent government rules may boost the need for packaging solutions for medical device.
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As per the Center for Medicare & Medicaid Services, medical spending in the U.S. grew by 4.6% in 2019, reaching USD 3.8 trillion. Budding healthcare industry in the region could positively impact the metal mold for plastic injection molding market. The report suggest that North America might hold around a 15% share in the metal molds market for the plastic injection molding.
About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider, offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
Contact Us
Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
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