India's Injection Molding Machine Market Gears Up for Remarkable Growth, Projected to Reach US$ 1,537.4 Million by 2033

The India injection molding machine market is on a trajectory of substantial growth, with its value projected to escalate from US$ 707.3 million in 2023 to an impressive US$ 1,537.4 million by 2033. The market's worth in 2022 was US$ 655.1 million, and an 8.0% year-on-year growth is expected in 2023.

Over the forecast period spanning from 2023 to 2033, the market is poised to experience robust expansion, with injection molding machine sales in India forecasted to surge at a commendable 8.1% Compound Annual Growth Rate (CAGR). This progression is set to unlock an attractive incremental growth opportunity of US$ 882.3 million by 2033, representing a remarkable 2.2x increase compared to the current market value.

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According to Future Market Insights (FMI), the automotive sector holds a significant share of about 29.2% within the India market, owing to the increasing utilization of injection molding machines in this thriving industry. Furthermore, the hydraulic segment is predicted to lead the India injection molding machines industry, accounting for more than 44.9% of the market share by 2033.

The demand for hydraulic injection molding machines is projected to rise at a steady 7.4% CAGR throughout the forecast period. This data underscores the promising trajectory of the India injection molding machine market, fueled by its integration into diverse sectors and the dominance of hydraulic machines.

The advent of Sustainable and Intelligent Packaging Solution Skyrocketing the Demand for India Injection Molding Machine

With rising environmental concerns and the implementation of stringent regulations regarding the use of plastic across the U.S., China, India, the U.K., Germany, and others, a substantial rise in the adoption of sustainable packaging solutions is experienced across various end-use industries.

In accordance to this, numerous packaging companies are shifting their focus of manufacturing sustainable packaging using 100% recycled plastics, biodegradable plastics, and plastic alternatives such as paper. Hence, introduction of novel sustainable packaging solutions is expected to create lucrative demand opportunities in the market.

Also, emergence of intelligent packaging with the integration of artificial intelligence (AI), Internet of things (IoT), and data science have improved the demand for India Injection Molding Machine market. Hence, key players are incorporating novel technologies such as AI and IoT to increase their revenues, propelling the sales.

Key India Injection Molding Machine Market Takeaways and Projections

The U.S. is expected to lead the North America India Injection Molding Machine market, projecting the fastest growth in the region between 2032 and 2033

Germany and the U.K. are expected to, collectively, hold the largest share in the Europe market over the assessment period.

China will dominate the East Asia market, accounting for the largest demand share during the forecast period.

India is expected to emerge as a highly remunerative market in South Asia, contributing the significant revenue share in the region through 2033.

Report Benefits & Key Questions Answered

India Injection Molding Machine Historical Market Analysis: The detailed survey by FMI, examines key factors in the India Injection Molding Machine market that affected the growth in the market for the last assessment period 2016-2020 and also studies their consequent impact. It also provide refined the sales projection of the India Injection Molding Machine market for the forecast period 2032-2033.

India Injection Molding Machine Demand Outlook Analysis: Future Market Insight's (FMI's) exhaustive study provides crucial insights into key drivers and upcoming opportunities driving the demand for India Injection Molding Machine for the assessment period. As per the study, the demand for India Injection Molding Machine will grow at a robust CAGR between 2032 and 2033.

India Injection Molding Machine Market Trend Analysis: The latest study by FMI on the India Injection Molding Machine market offers compelling insights into key expansion strategies adopted by top-tier players with respect to current trends. It discloses details regarding upcoming trends in the packaging industry to assist market players in constructing an effective strategy to capitalize on them.

Competitive Landscape Analysis

The market survey conducted by FMI offers key trends and challenges in the packaging industry and its consequent impact of India Injection Molding Machine market. The survey provides a thorough market share analysis to offer an in-depth analysis of prevailing competition.

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India Injection Molding Machine Market by Category

By Automation:

All Electric
Hydraulic
Hybrid

By Clamping Force:

Between 1500-2000
Above 2000

By Material:

Plastic
Metal
Rubber
Ceramic

By End Use:

Automotive
Packaging
Electronics
Healthcare
Consumer Goods
Building & Construction

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About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

This release was published on openPR.