Plastic Molds Market: An Overview

Plastic mold is a production tool used for manufacturing various plastic products such as bottles & jars, pails, caps & closures, tubes etc. The shape of the plastic mold highly influence the shape of the finished product. Plastic molds are usually made of metals and its alloys such as aluminum, stainless steel etc. the global plastic molds market is driven by its variety of applications in wide range of end-use industries and need to change after the specific usage. The primary focus of the plastic product manufacturers is to produce precise products. The demand for plastic molds is going to flourish owing to its key application in beverage bottle manufacturing. Packaging products made of plastic are preferred owing to its ease in availability, cost effective, light in weight etc. Furthermore, plastic molds can be of different configurations such as single component and multi-components.

Plastic Molds Market: Drivers & Restraints

The global plastic molds market is anticipated to flourish as plastic bottles expected to face a substantial demand from packaging industry. One of the key advantages of plastic mold is the customizability. The packaging industry has witnessed a significant changes in the last decade, creating a need for customization. Plastic molds are used in a wide range of applications to cater to various end-use industries such as food & beverages, chemicals, petroleum & lubricants, automotive industry, healthcare & pharmaceuticals, homecare & personal care. Plastic mold manufacturers focus on precision for producing plastic packaging products. The designing of the plastic molds is being integrated with the various software for accurate product manufacturing. Plastic mold can be molten and can be redesigned for manufacturing the new specification of the desired product. For the tight-tolerance, molds are manufactured using steel for durable performance. These factors are expected to further propel the demand for plastic mold in the global plastic mold market during the forecast period.

Despite the positive outlook, some factors might hamper the growth of the global plastic mold market during the forecast period. One of key factor for the plastic mold is the high production cost as the number of cavities increases the cost of the plastic mold increases. More cavities in the plastic mold may lead to maintenance issues.

Plastic Molds Market: Segmentation

The global plastic molds market has been categorized on the basis of product type, material type, and end-use.

On the basis of material type, the global plastic molds market has been segmented as:

  • Aluminum
  • Steel
  • Other metals & alloys

On the basis of packaging technology, the global plastic molds market has been segmented as:

  • Injection Molding
  • Blow Molding
  • Compression Molding
  • Thermoforming
  • Rotational Molding
  • Others

On the basis of configuration, the global plastic molds market has been segmented as:

  • Single Component
  • Multi-Component

On the basis of application, the global plastic molds market has been segmented as:

  • Bottles & Jars
  • Cutlery
  • Pails & Buckets
  • Tubes
  • Boxes & Folding Cartons
  • Caps & closures
  • Others

On the basis of end use, the global plastic molds market has been segmented as:

  • Food & Beverages
  • Chemical
  • Automotive
  • Petroleum & Lubricants
  • Healthcare & Pharmaceuticals
  • Home care & Personal care
  • Agriculture
  • Electrical & Electronics
  • Defense
  • Other Consumer Goods

Plastic Molds Market: Regional Outlook

Globally, the market for Plastic Molds is divided into seven key regions - North America, Western Europe, Latin America, Eastern Europe, the Asia Pacific excluding Japan, Middle East & Africa, and Japan.

Plastic Molds Market: Some of the Key Players

Following are some of the key players operating in the plastic molds market are BÖHLER Edelstahl GmbH & Co KG, Aco Mold, Esterle Mold and Machine Co., Inc., Tech Mold, Inc., First American Plastic Molding Enterprise, Janler Corporation, Die-Mold Tool Ltd., Crown Manufacturing Company, Inc., and H.H. Precision Mould Sdn. Bhd. Many more local and unorganized players are expected to contribute to the global plastic molds market during the forecast period.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand
  • Market size
  • Current trends/opportunities/challenges
  • Competitive landscape
  • Technological breakthroughs
  • Value chain and stakeholder analysis

The regional analysis covers:

  • North America (U.S. and Canada)
  • Latin America (Mexico, Brazil, Peru, Chile, and others)
  • Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
  • Eastern Europe (Poland and Russia)
  • Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
  • Middle East and Africa (GCC, Southern Africa, and North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

  • A complete backdrop analysis, which includes an assessment of the parent market
  • Important changes in market dynamics
  • Market segmentation up to the second or third level
  • Historical, current, and projected size of the market from the standpoint of both value and volume
  • Reporting and evaluation of recent industry developments
  • Market shares and strategies of key players
  • Emerging niche segments and regional markets
  • An objective assessment of the trajectory of the market
  • Recommendations to companies for strengthening their foothold in the market   

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.