Become more efficient and prioritize environmentally friendly materials and practices in 2024. Every year, the injection molding industry evolves while manufacturing companies adapt and look for innovative ways to stay relevant. To stay ahead of the injection mold manufacturing curve, companies should research and implement expected trends in the new year, such as using new materials, implementing sustainable practices, and investing in Industry 4.0.
Manufacturers are looking to use new, renewable materials such as bio-based plastics, recycled materials, and innovative composites. These natural alternatives are a sustainable solution for the environment, benefiting manufacturers and clients. Additionally, they mimic plastics and metals while providing improved properties like strength, durability, and heat resistance.
By 2024, mold manufacturers are expected to apply more sustainable practices to their operations, reducing their environmental footprint. The most common environmentally friendly methods are recycling water, implementing renewable energy sources, reducing waste, and adopting closed-loop systems. These actions will reduce the negative environmental impact, reduce costs, and improve the company’s reputation.
Like other industries, injection molding faces a digital transformation that encourages manufacturers to adopt it in their daily operations. Industry 4.0 is a fourth industrial revolution that comes with the digitalization of technology, providing numerous benefits like enhanced precision, reduced errors, increased efficiency, and automation. Manufacturers implementing this innovative technology early next year will stay ahead of the competition and provide higher-quality products.