Canada Injection Molded Plastic Market Size & Outlook
Canada injection molded plastic market, 2019-2030 (US$M)
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Canada injection molded plastic market highlights
- The Canada injection molded plastic market generated a revenue of USD 5,723.8 million in 2023 and is expected to reach USD 6,528.3 million by 2030.
- The Canada market is expected to grow at a CAGR of 1.9% 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.
Injection molded plastic market data book summary
| Market revenue in 2023 | USD 5,723.8 million |
| Market revenue in 2030 | USD 6,528.3 million |
| Growth rate | 1.9% (CAGR from 2023 to 2030) |
| Largest segment | Polypropylene |
| Fastest growing segment | Polypropylene |
| Historical data | 2019 - 2022 |
| Base year | 2023 |
| Forecast period | 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, Canada accounted for 1.7% of the global injection molded plastic market in 2023.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. injection molded plastic market is projected to lead the regional market in terms of revenue in 2030.
- Mexico is the fastest growing regional market in North America and is projected to reach USD 8,458.2 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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Canada 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 35.56% in 2023. Horizon Databook has segmented the Canada 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.
The automotive industry in Canada is likely to account for a significant demand for injection molding owing to the rising demand for new vehicles, mainly among the aging baby-boom population in Canada and the U.S. Moreover, favorable economic conditions are anticipated to continue to support the Canadian motor vehicle manufacturing industry.
However, improving vehicle technology, which aids in extending the average length of vehicle ownership, and easy access to ridesharing & carpooling is anticipated to restrain the demand among the urban millennials. Allard Motor Works, Bombardier Recreational Products, Bombardier, Canadian Electric Vehicles.
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Horizon Databook provides a detailed overview of country-level data and insights on the Canada injection molded plastic market , including forecasts for subscribers. This country databook contains high-level insights into Canada injection molded plastic market from 2019 to 2030, including revenue numbers, major trends, and company profiles.
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Canada injection molded plastic market outlook size, by raw material, 2019-2030 (US$M)
Canada Injection Molded Plastic Market Outlook Share, 2023 & 2030 (US$M)
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