Plastic Fillers Market Size

Plastic Fillers Market Size

Plastic Fillers market size exceeded USD 10 Billion, globally in 2019 and is estimated to grow at over 5% CAGR between 2020 and 2026. Growing demand for lightweight materials in the packaging and automotive sectors will spur the market demand.

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Plastic fillers are materials added to plastics to enhance their physical & mechanical properties and achieve cost savings. These products enhance thermal & electrical conductivity, improve binding between polymer matrix and the fibers, improve flexibility, reduce material cost and improves tensile strength. These fillers can be in the form of solids, liquids, or gases. They reduce the consumption of the base materials by occupying space and replacing expensive resins without affecting other characteristics.

Consumers increasingly prefer plastic packaging on account of its light weight and easy handling properties which should drive the plastic fillers market growth. An increase in the number of working women has boosted the demand for packaged food, thereby stimulating the requirement for plastic packaging. Plastic fillers improve the hardness, stiffness and flexural strength of plastics which make them ideal as a packaging material.

The rising implementation of stringent regulations to restrict plastic adoption primarily owing to growing environmental concerns may hinder the market growth. In March 2019, the European Parliament voted to introduce a ban on various single-use plastic products such as straws, stirrers, cutlery and cotton buds to reduce plastic waste.

However, various manufacturers are increasingly using organic fillers such as cotton fiber, wood powder and carbon black which reduce adverse environmental impacts and should accelerate the plastic fillers market growth.