Canada Injection Molding Market Size & Outlook, 2022-2030

The injection molding market in Canada is expected to reach a projected revenue of US$ 6,845.1 million by 2030. A compound annual growth rate of 3.6% is expected of Canada injection molding market from 2023 to 2030.
Revenue, 2022 (US$M)
$5,148.5
Forecast, 2030 (US$M)
$6,845.1
CAGR, 2023 - 2030
3.6%
Report Coverage
Canada

Canada injection molding market highlights

  • The Canada injection molding market generated a revenue of USD 5,148.5 million in 2022 and is expected to reach USD 6,845.1 million by 2030.
  • The Canada market is expected to grow at a CAGR of 3.6% from 2023 to 2030.
  • In terms of segment, plastics was the largest revenue generating material in 2022.
  • Metal is the most lucrative material segment registering the fastest growth during the forecast period.


Injection molding market data book summary

Market revenue in 2022USD 5,148.5 million
Market revenue in 2030USD 6,845.1 million
Growth rate3.6% (CAGR from 2022 to 2030)
Largest segmentPlastics
Fastest growing segmentMetal
Historical data2018 - 2021
Base year2022
Forecast period2023 - 2030
Quantitative unitsRevenue in USD million
Market segmentationPlastics, Metal, Other Material
Key market players worldwideBiomerics, Proto Labs Inc, C&J Industries, Inc, All-Plastics, HTI Plastics, The Rodon Group, EVCO Plastics, Tessy Plastics Corporation, Currier Plastics, Formplast, H&K Müller, Hehnke, TR PLAST GROUP


Other key industry trends

  • In terms of revenue, Canada accounted for 1.9% of the global injection molding market in 2022.
  • Country-wise, China is expected to lead the global market in terms of revenue in 2030.
  • In North America, U.S. injection molding 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 6,026.3 million by 2030.

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Injection Molding Market Companies

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Canada injection molding 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 molding market will help companies and investors design strategic landscapes.


Plastics was the largest segment with a revenue share of 98.42% in 2022. Horizon Databook has segmented the Canada injection molding market based on plastics, metal, other material covering the revenue growth of each sub-segment from 2018 to 2030.


According to the Business Development Bank of Canada, the economy of the country grew moderately in 2023 and likely to continue with a slight moderation in 2024. The economic growth of the country in 2024 is expected to witness a 0.9% value from 1.1% in 2023.

Favorable economic growth in Canada is expected to open new avenues for the sales of injection molded components across its various end-use industries. The construction industry in Canada is expected to witness growth in the coming years, primarily due to its increasing population, ongoing urbanization, and surging immigration rate.

Moreover, the efforts made by the government of the country to enhance its residential and public infrastructures are expected to complement the growth of the construction industry in Canada. For instance, in April 2024 Federal Government announced plans to lease public lands to boost the construction of new housing projects.

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Target buyers of Canada injection molding market databook

  • Our clientele includes a mix of injection molding market companies, investment firms, advisory firms & academic institutions.
  • 30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Horizon Databook provides a detailed overview of country-level data and insights on the Canada injection molding market , including forecasts for subscribers. This country databook contains high-level insights into Canada injection molding market from 2018 to 2030, including revenue numbers, major trends, and company profiles.

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Canada injection molding market size, by material, 2018-2030 (US$M)

Canada Injection Molding Market Outlook Share, 2022 & 2030 (US$M)

Canada injection molding market size, by material, 2018-2030 (US$M)

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