Masterbatch Market Size

Masterbatch Market Size

Masterbatch Market size was worth more than USD 10.5 billion in 2022 and is expected to exhibit 5.5% CAGR from 2023-2032. Increasing use of plastic in the automotive sector is expected to complement the industry expansion.

A surge in plastic usage will complement the masterbatch industry trends. Biodegradable masterbatches are gaining momentum across municipal and waste regulations as a promising tool for plastic degradation. They can be used in a wide range of plastic products such as shopping bags, disposable plastic cutlery, garbage bags, tunnel films, and mulch films. Masterbatch offers manufacturers a myriad of advantages including better color consistency with bulk orders, polymer-compatible binding agents, and high accuracy and control over transparency and opacity of end products. Moreover, unlike raw pigments, masterbatch does not tend to become airborne during processing and resulting in contamination of neighboring manufacturing lines. This scenario indicates lucrative scope for masterbatch manufacturers.