How much should you pay for a plastic injection mold? The answer to this question will depend on your production requirements and the purpose for the mold.
In this guide, you will learn about the various aspects that can determine the cost for a plastic injection mold, the estimated plastic injection mold costs, and the benefits of plastic injection molding.
Various Aspects that Determine the Cost for a Plastic Injection Mold
Don’t expect the cost of plastic mold injection to be one and the same. Different manufacturing companies will offer different costs for their plastic injection molds, even though you are giving them the same mold design.
Here are the various aspects that will determine the cost for a plastic injection mold:
- Simplicity of the mold. The simpler the mold design, the cheaper the mold cost will be. This is the golden rule in the injection molding process. The more features you would like to have in your plastic injection mold, the more you will need to pay for it.
- Mold quality. Not all plastic injection molds are created the same, meaning that they have different qualities depending on how you create them, the materials you use, and various other factors. Some manufacturing companies will offer you different mold qualities with different prices. The lesser the mold quality, the cheaper it will be for you to make it.
- Production capacity. How durable is the mold, and what will be the production capacity of it? These are the questions you need to ask before making an injection plastic mold, as the answers will determine the mold price. The larger the capacity of the mold, the more expensive it will cost. However, more expensive molds will often provide you with better cost-effectiveness for large production.
- Design process. You will need to design the plastic injection mold first before sending it for the tooling process. The designing process itself will require you to spend the money to pay for the mold designer, as well as the design software and other design tools you might need to use along the way. So, you can factor the design process to the cost of the mold.
- Mold material. The material you use for the tooling process will also determine the cost for the plastic injection mold. The more durable and high quality the material, the more it can withstand the long production process, and the more production capacity it can provide. Thus, the mold cost will be more expensive when compared to when you use the cheaper materials.
- Processing and delivery. Using a manufacturing service to create your plastic injection mold will not only cost you the finished mold, but you will also need to pay for the processing, packaging, and delivery costs. Depending on the distance of the manufacturing company to your warehouse and the shipping service you use, you might need to pay more for each plastic injection mold to get delivered to your address.
- Manufacturing company. The manufacturing company you use to create the plastic injection mold will also matter in determining the costs of the finished molds they produce. In most cases, plastic molding manufacturers with high reputation and reputable clients will offer you more expensive pricing for the injection molds they produce. However, you will often get the best quality molds from them, compared to when you use a smaller or lesser-known manufacturing company.
The Reasonable Cost You Can Expect to Pay for a Plastic Injection Mold
The tooling costs for the plastic injection mold will vary for different manufacturers. Always pick the best manufacturer that can offer you the best quality mold for the best price.
Here’s the list of estimated cost for the plastic injection molds, depending on their size and production capacity:
- Estimated cost for simple molds. The estimated cost for a simple or smaller plastic injection mold will be around $2,500 to $6,000. This is the mold type that you can create to produce prototypes or finished products with low production capacity.
- Estimated cost for medium molds. The estimated cost for a medium mold with medium production capacity and medium design complexity will be around $10,000 or more. This is the plastic injection mold you can use for medium production capacity, as it offers you more durability than the simpler or smaller molds.
- Estimated cost for large molds. For the larger molds with more design complexity, you will need to pay between $25,000 to $60,000 or even more. It will all depend on the features and properties of the mold. With this mold, you can use it for larger production or to complete large manufacturing projects.
Plastic Injection Molding Benefits
Despite the tooling costs that can be very expensive, plastic injection molding still becomes one of the best manufacturing methods for various plastic products. So, what are the benefits of plastic injection molding?
Here are the benefits of plastic injection molding for your manufacturing production process:
- Production efficiency. You can use plastic injection molding to produce plastic parts and components with high production efficiency. It’s fast and cost-effective for you to get your plastic parts ready within your production deadline.
- A wide range of plastic materials to use. There are plenty of plastic materials you can use with the plastic injection molding, such as polycarbonate, acrylic, nylon, rubber, and more. You can pick the materials that fit with your production requirements.
- Variety of material colors. You can also choose from among various plastic material colors for your production needs. Thus, it’s very easy for you to combine different colors or produce different color variations of your plastic injection products.
- Minimal waste. Injection molding doesn’t produce too much waste materials in each production, so you can be sure that it will be a safe manufacturing process for the environment.
- Minimal labor costs. Injection molding is a simple production process, so you don’t need to hire too many workers to do it. Thus, it can help you minimize the labor cost and the overall plastic injection molding cost involved in this process.
The cost of a plastic injection mold can vary, but there are some reasonable cost estimates you can expect to pay for it. Depending on your production needs, you can either pay for the cheaper or more expensive molds.
It’s also best for you to use the services of the best plastic molding manufacturer to get your tooling process done in the best way.