South Korea Injection Molding Market Size & Outlook
South Korea injection molding market, 2018-2030 (US$M)
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South Korea injection molding market highlights
- The South Korea injection molding market generated a revenue of USD 8,774.2 million in 2022 and is expected to reach USD 13,312.0 million by 2030.
- The South Korea market is expected to grow at a CAGR of 5.3% 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 2022 | USD 8,774.2 million |
| Market revenue in 2030 | USD 13,312.0 million |
| Growth rate | 5.3% (CAGR from 2022 to 2030) |
| Largest segment | Plastics |
| Fastest growing segment | Metal |
| Historical data | 2018 - 2021 |
| Base year | 2022 |
| Forecast period | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Plastics, Metal, Other Material |
| Key market players worldwide | Biomerics, 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, South Korea accounted for 3.2% 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 Asia Pacific, China injection molding market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 32,361.6 million by 2030.
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Injection Molding Market Scope
Injection Molding Market Companies
| Name | Profile | # Employees | HQ | Website |
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South Korea 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 98.27% in 2022. Horizon Databook has segmented the South Korea injection molding market based on plastics, metal, other material covering the revenue growth of each sub-segment from 2018 to 2030.
According to the U.S. Department of State, South Korea is an attractive investment destination for foreign players largely because of its political stability, logistics, and information & communications infrastructure. The U.S.-Korea Free Trade Agreement (KORUS), which came into force in 2019, further improved the investment inflow from the U.S.
Macroeconomic factors in the country such as spending power and rising income favor the growth of packaging industry as consumers tend to spend high on eating out and processed food. The South Korean government offers funds and support for research that favors robotics in the market. South Korea is one of the leaders in robotics all over the world.
Automation, industrialization, and adoption of Industry 4.0 facilitate the manufacturers to opt for highly efficient injection molding in packaging industry. The government of South Korea is investing to advance its medical industry, leading to an increase in innovations, product development, and demand for medical products.
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Our clientele includes a mix of injection molding 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 country-level data and insights on the South Korea injection molding market , including forecasts for subscribers. This country databook contains high-level insights into South Korea injection molding market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Korea injection molding market size, by material, 2018-2030 (US$M)
South Korea Injection Molding Market Outlook Share, 2022 & 2030 (US$M)
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