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The global injection molding machine market size was estimated at USD 18.28 billion in 2019. It is expected to expand at a compounded annual growth rate (CAGR) of 3.0% from 2020 to 2027. Rising investments in technological advancements for reducing production costs and scraps, thereby shortening production cycle time, are expected to drive market growth

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Overall the plastic injection molding machine market ended with the positive tone with recovery showing in the second half of 2016. The growth in demand of plastic injection molding machinery was from automobile and packaging industry backed by positive growth trend from manufacturing industry in developed countries.. Trade Flow of Injection Moulding Machine

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