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[English Market Research Report] Injection Molding Machine Market

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According to the latest report by Grand View Research, Inc., the global market size for injection molding machines is expected to record a CAGR of 4.7% from 2024 to 2030, reaching approximately 22.03 billion USD by 2030. The increasing demand for injection molding machines in industries such as automotive, consumer goods, packaging, and electronics is anticipated to drive market growth during the forecast period. The spread of the COVID-19 Omicron variant has led to a rise in hospitalization rates in North America, resulting in a surge in demand for plastic molded products in the medical field. Consequently, the demand for various medical devices is expected to increase, leading to a higher demand for plastics used in the development of medical devices utilizing this technology. The increase in consumption of packaging products in the healthcare, cosmetics, personal care, and consumer goods industries is expected to promote growth in the packaging industry during the forecast period. This is anticipated to drive market growth in the coming years.

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