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The Worldwide Plastic Injection Molding Machine Industry is Expected to Reach $10.6 Billion by 2025 at a CAGR of 3.61% from 2020

Share this article Share this article ResearchAndMarkets.com s offering. The global plastic injection molding machines market is estimated at USD 8.9 billion in 2020 and is projected to reach USD 10.6 billion by 2025, at a CAGR of 3.61%. Plastic molds are widely used in the healthcare industry. Plastic injection molding machines are preferred for manufacturing medical products, as these machines offer high precision, accurate, and complex injection molded parts. These machines have application in surgical and medical devices such as syringes, vials, medical instruments, inhalers, cannulated, medicinal connectors, air systems, and prescription bottles. The outbreak of coronavirus across the globe has highlighted the healthcare industry. Due to explosive surge in the number of Covid-19 cases, the demand for medical equipment like syringes, air systems, and other medical instruments increased exponentially. Countries such as India and China became the hub for manufacturing and meet

The Worldwide Plastic Injection Molding Machine Industry is Expected to Reach $10.6 Billion by 2025 at a CAGR of 3.61% from 2020