| Product Code: ETC5192359 | Publication Date: Nov 2023 | Updated Date: Oct 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Bhawna Singh | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
Grenada`s injection molded plastics import market continued to thrive in 2024, with the USA, UAE, Trinidad and Tobago, China, and the UK emerging as the top exporting countries. The high Herfindahl-Hirschman Index (HHI) indicates a concentrated market, while the impressive Compound Annual Growth Rate (CAGR) of 11.5% from 2020 to 2024 reflects strong overall growth. The growth rate of 6.03% from 2023 to 2024 suggests sustained momentum in the industry. Grenada`s reliance on these key exporting countries underscores the importance of continued trade partnerships for the injection molded plastics sector.
The injection molded plastics market in Grenada is experiencing growth driven by the rising demand for lightweight, durable, and cost-effective plastic products across industries such as automotive, electronics, and packaging. Injection molding allows for mass production of precise plastic components, which makes it a preferred manufacturing method in Grenada`s expanding industrial base.
The demand for injection-molded plastics in Grenada is primarily driven by its cost-effectiveness, versatility, and ability to manufacture complex components with high precision. Industries such as automotive, consumer electronics, and packaging rely on these plastics for durable and lightweight products. Environmental regulations are also shaping the market, with a push towards using recyclable plastics and biodegradable alternatives.
Grenadas injection molded plastics market faces hurdles related to limited industrial activity and dependency on imports. The absence of large-scale manufacturing facilities means local demand for injection molded plastics is primarily driven by consumer goods, which remains insufficient to justify local production. High import costs and competition from global suppliers make it challenging for businesses to remain cost-competitive. Furthermore, environmental concerns over plastic waste add regulatory and societal pressure to the industry.
Grenada`s government recognizes the significance of the injection molded plastics market and supports it by implementing regulations that promote sustainable production practices and waste management. Policies encouraging the use of recycled materials in the production process, as well as standards for product quality and safety, are key elements of the governments strategy. The government also focuses on incentivizing investment in the plastics sector, ensuring that local companies have access to the necessary technology and expertise to remain competitive in both local and international markets.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Grenada Injection Molded Plastics Market Overview |
3.1 Grenada Country Macro Economic Indicators |
3.2 Grenada Injection Molded Plastics Market Revenues & Volume, 2021 & 2031F |
3.3 Grenada Injection Molded Plastics Market - Industry Life Cycle |
3.4 Grenada Injection Molded Plastics Market - Porter's Five Forces |
3.5 Grenada Injection Molded Plastics Market Revenues & Volume Share, By Raw Material, 2021 & 2031F |
3.6 Grenada Injection Molded Plastics Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Grenada Injection Molded Plastics Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for lightweight and durable plastic products in various industries |
4.2.2 Technological advancements leading to improved efficiency and cost-effectiveness in injection molding processes |
4.2.3 Growing awareness about the benefits of using injection molded plastics over traditional materials |
4.3 Market Restraints |
4.3.1 Fluctuating prices of raw materials impacting production costs |
4.3.2 Environmental concerns and regulations regarding plastic waste and recycling |
4.3.3 Intense competition from alternative materials such as metal, glass, and composites |
5 Grenada Injection Molded Plastics Market Trends |
6 Grenada Injection Molded Plastics Market Segmentations |
6.1 Grenada Injection Molded Plastics Market, By Raw Material |
6.1.1 Overview and Analysis |
6.1.2 Grenada Injection Molded Plastics Market Revenues & Volume, By Polypropylene (PP), 2021-2031F |
6.1.3 Grenada Injection Molded Plastics Market Revenues & Volume, By Acrylonitrile Butadiene Styrene (ABS), 2021-2031F |
6.1.4 Grenada Injection Molded Plastics Market Revenues & Volume, By High-Density Polyethylene (HDPE), 2021-2031F |
6.1.5 Grenada Injection Molded Plastics Market Revenues & Volume, By Polystyrene (PS), 2021-2031F |
6.1.6 Grenada Injection Molded Plastics Market Revenues & Volume, By Others, 2021-2031F |
6.2 Grenada Injection Molded Plastics Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Grenada Injection Molded Plastics Market Revenues & Volume, By Packaging, 2021-2031F |
6.2.3 Grenada Injection Molded Plastics Market Revenues & Volume, By Consumables & Electronics, 2021-2031F |
6.2.4 Grenada Injection Molded Plastics Market Revenues & Volume, By Automotive & Transportation, 2021-2031F |
6.2.5 Grenada Injection Molded Plastics Market Revenues & Volume, By Building & Construction, 2021-2031F |
6.2.6 Grenada Injection Molded Plastics Market Revenues & Volume, By Medical, 2021-2031F |
6.2.7 Grenada Injection Molded Plastics Market Revenues & Volume, By Others, 2021-2031F |
7 Grenada Injection Molded Plastics Market Import-Export Trade Statistics |
7.1 Grenada Injection Molded Plastics Market Export to Major Countries |
7.2 Grenada Injection Molded Plastics Market Imports from Major Countries |
8 Grenada Injection Molded Plastics Market Key Performance Indicators |
8.1 Percentage of recycled materials used in injection molded plastics production |
8.2 Energy efficiency of injection molding processes |
8.3 Innovation rate in developing new plastic formulations for specific applications |
9 Grenada Injection Molded Plastics Market - Opportunity Assessment |
9.1 Grenada Injection Molded Plastics Market Opportunity Assessment, By Raw Material, 2021 & 2031F |
9.2 Grenada Injection Molded Plastics Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Grenada Injection Molded Plastics Market - Competitive Landscape |
10.1 Grenada Injection Molded Plastics Market Revenue Share, By Companies, 2024 |
10.2 Grenada Injection Molded Plastics Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |