ALBANY, New York, October 8, 2012 /PRNewswire/ --
According to a new market report published by Transparency Market Research ( http://www.transparencymarketresearch.com) " Injection Molded Plastics Market - Global Industry Analysis, Size, Share, Growth and Forecast, 2010 - 2018," the global market for injection molded plastics was estimated to be close to 79,079.5 kilo tons in 2010 which is expected to reach 116,171.4 kilo tons by the end of 2018, growing at a CAGR of 4.9% from 2013 to 2018. In terms of revenues, the market was estimated to be worth USD 168 billion in 2010 which is expected to reach a market worth USD 252 billion by 2018, growing at a CAGR of 5.3% from 2013 to 2018. Asia Pacific was the largest market for injection molded plastics in 2011, sharing 37.2% of the market followed by North America and Europe.
Browse the full report at http://www.transparencymarketresearch.com/injection-molded-plastics-market.html
The major factors which are driving the global injection molded plastics market include the growth of the global house ware and personal care market where polypropylene, one of the major resins used for injection molded plastics is majorly used. The growth of the global packaging market (mainly rigid packaging) is also boosting the global sales for injection molded plastics.In the injection molded plastics market by application, packaging emerged as the biggest application segment capturing 31.9% of the market in 2011, followed by the consumables and electronics segment which shared 30.1% of the market for the same year. Consumables and electronics segment is also the fastest growing segment, growing at a CAGR of 5.1% from 2013 to 2018. Related & Recently Published Reports by Transparency Market Research