Asia Pacific Injection Molded Plastic Market Size & Outlook
Asia Pacific injection molded plastic market, 2019-2030 (US$M)
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Asia Pacific injection molded plastic market highlights
- The Asia Pacific injection molded plastic market generated a revenue of USD 136,335.4 million in 2023.
- The market is expected to grow at a CAGR of 4.2% from 2024 to 2030.
- In terms of segment, polypropylene was the largest revenue generating raw material in 2023.
- Polypropylene is the most lucrative raw material segment registering the fastest growth during the forecast period.
- Country-wise, South Korea is expected to register the highest CAGR from 2024 to 2030.
Asia Pacific data book summary
| Market revenue in 2023 | USD 136,335.4 million |
| Market revenue in 2030 | USD 181,994.6 million |
| Growth rate | 4.2% (CAGR from 2023 to 2030) |
| Largest segment | Polypropylene |
| Fastest growing segment | Polypropylene |
| Historical data covered | 2019 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Polypropylene, Acrylonitrile butadiene styrene, High-density polyethylene, Polystyrene, Other Raw Materials |
| Key market players worldwide | Exxon Mobil Corp, Basf SE, DuPont de Nemours Inc, Dow Inc, Huntsman Corp, Eastman Chemical Co, INEOS, LyondellBasell Industries NV Class A, SABIC, Magna International Inc, IAC Inc Ordinary Shares - New, Berry Global Group Inc, HTI Plastics, AptarGroup Inc, The Rodon Group |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 41.3% of the global injection molded plastic market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 181,994.6 million by 2030.
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Injection Molded Plastic Market Scope
Injection Molded Plastic Market Companies
| Name | Profile | # Employees | HQ | Website |
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Asia Pacific injection molded plastic market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to injection molded plastic market will help companies and investors design strategic landscapes.
Polypropylene was the largest segment with a revenue share of 34.63% in 2023. Horizon Databook has segmented the Asia Pacific injection molded plastic market based on polypropylene, acrylonitrile butadiene styrene, high-density polyethylene, polystyrene, other raw materials covering the revenue growth of each sub-segment from 2019 to 2030.
Increasing packaging demand for food & beverages and cosmetics & toiletries industry is expected to drive Asia Pacific’s injection molded plastics market growth over the forecast period. Asia Pacific is witnessing an increase in soft drink consumption which in turn is driving plastics demand for packaging.
Increasing personal care products demand such as hair care and skin care owing to growing health consciousness is driving plastics demand for packaging. Consumer electronics demand in Asia Pacific is growing over the past few years.
Demand for electronic products such as computers, laptops, cellular phones, microwave oven and washing machine are increasing owing to population expansion and rise in per capita middle-class disposable income levels.
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Our clientele includes a mix of injection molded plastic market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific injection molded plastic market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific injection molded plastic market from 2019 to 2030, including revenue numbers, major trends, and company profiles.
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Asia Pacific injection molded plastic market outlook size, by country, 2019-2030 (US$M)
Asia Pacific Injection Molded Plastic Market Outlook Share, 2023 & 2030 (US$M)
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