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Global injection molding plastics market expected to reach $277.78 billion by 2020

from Plastics Today

A new study released by Grand View Research claims that the global market for injection molded plastics is expected to reach $277.78 billion by 2020. Packaging is increasing the demand for the usage of plastics; for instance, the growing packaging industry in Asia is expected to be a key factor driving market demand over the next six years. In addition, the growing need for weight reduction in automobiles is also expected to augment the demand for plastics as a substitute to metal which in turn is expected to increase the demand for injection molded ABS and polypropylene. more

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