The India injection moulders market is valued at USD 344.6 million in 2025. As per FMI's analysis, the industry is projected to grow at a CAGR of 5.3% and reach USD 584.4 million by 2035.
The stable growth of the industry can be attributed to the rising demand for injection moulded parts in end-use industries, including automotive, medical devices, and consumer goods. The continual shift in the manufacturing landscape with the introduction of automation and robotics will continue to propel the growth prospect over the next few years.
Injection moulding is becoming a more popular method for manufacturing lightweight, complex parts for EVs, and manufacturers play an important role in the industry. The demand for injection moulders is also indicative of the increased production of medical devices, supported by India being one of the largest medical device suppliers to the world.
Prominent players in the Indian injection moulders industry are domestic and international firms that strive to bolster their technological ascendancy. However, the emergence of metal injection moulding (MIM) and the rising trend of bio-compatible materials such as bio-plastics may provide tremendous opportunity. However, volatile prices of raw material and constant need for re-innovation in technology can act as a restraint on the industry growth.
Some of the Indian government’s policies like ‘Make in India’ and Atmanirbhar Bharat, create a favorable environment for domestic producers to grow. However, the industry faces challenges on other fronts with price variations of raw materials and growing pressures in international industries.
Industry Forecast Table
| Metric | Value |
|---|---|
| Industry Value (2025E) | USD 344.6 million |
| Industry Value (2035F) | USD 584.4 million |
| CAGR (2025 to 2035) | 5.3% |
The India injection moulders industry is growing firmly due to the rising demand for plastic components from various industries. The automotive, medical and consumer product sectors are a significant driver of this demand, and are in search of more efficient manufacturing processes to accommodate advancing design applications.
The automotive industry, particularly with the new aspect of electric vehicles (EVs), is an important factor in the injection mouldersindustry. For the manufacture of EVs, only lightweight plastic parts are used and this, in turn, has led to an increasing use of injection moulding to satisfy the manufacturer's particular design and performance criteria. This trend is anticipated to persist, driving growth further forward.
The medical devices industry in India, which is growing rapidly, also presents an important growth inducer. India is among the top 20 medical device industries in the world and demand for injection moulded components is growing. Injection moulding is a process used by manufacturers to create a range of products, including syringes, catheters and implants, and other morphology structures.
The use of automation and robot technology in the injection molding process is transforming the industry. These technologies are helping save time, cut the costs of production and improve the accuracy of parts. The production capabilities and output are improved, bringing new possibilities for growth in the Indian industry as the companies invest in these developments.
There are also challenges for the industry, including increased costs of raw materials. Volatility in the price of key materials, like plastics and metals, can also affect manufacturers’ profit margins. Firms need a cost efficient approach to control these risks in order to compete in today's price-responsive industry.
Government’s “Make in India” and “Atmanirbhar Bharat” are also playing an important role in the growth of the domestic manufacturing sector. Such initiatives are encouraging local production and use of sophisticated technology, which further augments the demand for injection moulders in the country and fuels the industry growth over the long run.
The India injection moulders industry comprises a wide range of participants and each holding a unique position that significantly influences industry dynamics. Upstream, the dominant players are raw materials suppliers including plastics, metals and specialist polymers manufacturers. The quality and cost of the material they provide is essential to minimize the cost of production and part quality. Raw materials suppliers are focusing more on innovation, particularly in bio-plastics and recyclable materials, as the demand for better, high-performing materials increases and eco-friendly manufacturing is becoming more prevalent.
The manufacturers are the cornerstone in the growth of the industry. They provide the gears and gadgets and are the key pulse in the industry, offering solutions that deliver greater precision, speed and cost-effectiveness. They’re also driven by a need for more complex parts being requested by industries such as automotive and healthcare, and constantly need to be able to respond to those needs in a cost-effective and scalable way.
The role of technology providers becomes ever more important within the injection moulding value chain. Their advancements help makers improve yield, reduce waste, and realize a more flexible production. Investors play a critical role in driving capital investment.
The cold runner mould segment is estimated to grow at CAGR of 5.4% from 2025 to 2035, holding paramount position in the growth of the mould type segment. Cold runner moulds are often used because of their less costly and accurate control of the injection process.
Such moulds are especially desirable for the production of lower volume lots of premium quality parts. For the cold runner mould, two-plate mould and three-plate mould can meet the requirement of production. Three-plate moulds are more versatile when the parts are complex to avoid ejection through the runner. Two-plate moulds are used most commonly for compact, high-volume products.
In contrast, hot runner moulds are gaining favor for their efficiency and less waste. The industry is dominated by externally heated hot runners, which provide excellent control of the mould temperature, resulting in higher quality of moulded parts. The hot runner moulds segment is anticipated to expand at a CAGR of 5.8% in terms of value during the assessment period on account of their advanced features and energy saving properties.
The plastic segment is anticipated to grow at a CAGR of 5.6% during the forecast period. Being a highly versatile material, plastic is widely used in industries including automotive, packaging and consumer goods. Moreover, growing preference for green solutions, such as bioplastics and recycled plastics, contributes to the plastic sales boom.
Metal injection moulding (MIM) is also another sector projected to witness considerable growth, with a CAGR of 6.1%. It is an excellent choice for manufacturing high precision metal parts used in automotive, aerospace, medical devices, electronics and other industries. As more and more industry users prefer high quality and durable metal parts, MIM, with its ability to reduce material waste and speed up time to industry can serve as a strong support to other industries in the near future.
The automotive is projected to be the fastest growing end-use industry, registering a CAGR of 5.7% from 2025 to 2035. The growth is due to a surge in the demand for lightweight, fuel-efficient, and environmentally-friendly vehicles and the resulting expansion of electric vehicles (EVs).
Plastic injection moulding is one of the key technologies in the manufacture of different automotive parts such as interior, dashboard, and exterior parts of the vehicle. With ongoing developments in the automotive industry, the requirement for injection moulded components is growing.
In the future, as more and more consumers start looking for greener and cost-effective packing solutions, the manufacturers will look for innovation in injection moulding to enhance packaging. High-performance, precision-engineered parts will continue to be in high demand in aerospace and defense, which is projected to expand at a CAGR of 5.2%. Focused on durability and lightweight, injection moulding is a key part of the process for creating high performance parts which conform to industry standards.
In 2024, Arihant Dies & Moulds Pvt Ltd, with a 25-30% industry share, led the India injection moulders landscape by offering integrated solutions to the automotive, electrical, and home appliance sectors, enhancing cost-efficiency.
Dalal Plastics Pvt Ltd, holding 20-25%, sustains its dominance through its decades-long expertise and extensive national footprint. Think 3D, with a 15-20% share, is rapidly expanding through its digital manufacturing services and the adoption of 3D printing technologies to accelerate production cycles.
Supreme Industries Ltd, commanding 10-15%, fortifies its position by delivering a wide portfolio of plastic products and high-quality injection-moulded components to OEMs. Anantha Naayaki Industries, capturing 8-12%, continues to grow through its focus on premium automotive components and maintenance services.
Micro Plastics Pvt Ltd, at 5-8%, gains traction with precision engineering for automotive and consumer goods, prioritizing a customer-centric model. Polymech Plast, with 5-7%, advances niche innovations such as two- and three-color marble effect moulding machines.
Tooling Temple, with 3-5%, builds on precision tooling technologies, while General Plastic Industries LLP, also at 3-5%, extends its industry presence through robust manufacturing capabilities. Lastly, Hitop Industrial, with a 2-4% share, enhances its operations by delivering comprehensive, quality-focused injection moulding solutions.
| Company | Estimated Market Share |
|---|---|
| Arihant Dies & Moulds Pvt Ltd | 25-30% |
| Dalal Plastics Pvt Ltd | 20-25% |
| Think 3D | 15-20% |
| Supreme Industries Ltd | 10-15% |
| Anantha Naayaki Industries | 8-12% |
| Micro Plastics Pvt Ltd | 5-8% |
| Polymech Plast | 5-7% |
| Tooling Temple | 3-5% |
| General Plastic Industries LLP | 3-5% |
| Hitop Industrial | 2-4% |
The India injection moulding industry players are concentrating on product innovation and cost-effective manufacturing process to maintain a competitive edge. Key players are making significant investments in energy efficient and eco-friendly moulding machines to address increasing sustainability issues.
At the same time, makers are also diversifying their portfolios to serve new applications such as EVs and renewable power that need high-accuracy components. Such options have emerged to cooperate with technology providers to embed AI and machine learning into the production process, in attempt to optimize the production cycle and save on operating costs.
The investors are keenly observing how consumer demand and regulatory environments are evolving. They are investing in startups that are solving unique and hi-tech based problems (e.g., 3D printing, vs. popular solutions) that can be scaled in the medium term.
The stakeholders also demand greater operational transparency and better governance in light of progressively stringent regulations, and companies are projected to be held more accountable for their environmental and social footprints. Geographic diversification is also important, with capital being invested in companies which are looking to grow their footprint in international industries, such as southeast-Asia and other emerging regions.
The Key success factors propelling the India injection mouldersindustry are technological innovation, sustainability, and operational efficiency. Manufacturing firms are adopting cutting edge technology, like automation, artificial intelligence and 3D printing enabling production operations to run faster, cheaper and more accurately.
Such innovations are essential to help meet the increasing demand for complex, high-quality parts in industries such as automotive, electronics and medical. Firms that respond to changes in technology and incorporate these into theirprocesses are likely to be able to compete in the industry place.
Today, sustainability has risen to become a key success factor, as environmental policies are becoming increasingly strict and consumer behavior is tending more and more towards eco-friendly products. The manufacturers are investing in energy-efficient machinery as well as developing recyclable and biodegradable materials to be less harmful to the environment.
Firms that demonstrate a commitment to sustainability, sustainability policies and global environmental targets are finding favor with regulators and end users alike - which is only going to drive long-term success for those companies.
By mould type, the industry is segmented into cold runner mould and hot runner (runnerless) mould.
Based on material, the industry is segmented into plastic, metal, rubber, and ceramic.
With respect to end use, the industry is segmented into automotive, packaging, electronics, healthcare, consumer goods, aerospace & defense, and building & construction.
Growing demand from the automotive, electronics, consumer goods, and packaging sectors is accelerating the use of precision injection moulds, particularly as manufacturers seek higher efficiency and consistent quality in mass production.
Indian manufacturers are increasingly shifting to recyclable materials and energy-efficient moulding processes to align with global sustainability initiatives and reduce environmental impact.
Advanced automation, real-time monitoring, 3D-printed moulds, and AI-driven design optimization are revolutionizing how Indian firms produce complex and high-precision moulds at faster rates.
States like Maharashtra, Gujarat, Tamil Nadu, and Karnataka are experiencing rapid industrialization, driving significant demand for injection mould-based components in multiple sectors.
Key challenges include the rising cost of raw materials, shortage of skilled labor, fluctuating energy costs, and the need for continuous investment in R&D to stay competitive.
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India Injection Moulders Market
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