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Global Industrial Mold Market Trends
According to the new market research report ‘Industrial Mold Global Market Report 2021 – COVID-19 Impact And Recovery’ published by The Business Research Company, the industrial mold market is expected to grow from $26.21 billion in 2020 to $27.91 billion in 2021 at a compound annual growth rate (CAGR) of 6.5%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $38.62 billion in 2025 at a CAGR of 8%.
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