Global Sustainable Masterbatch Market Analysis, 2021

Market Overview

Masterbatch is a concentrated mixture of pigments for plastic used for coloring plastics or imparting other properties to plastics. The increasing concern toward the unmanaged disposal of plastic waste and the rising demand for bioplastic has infused the need for sustainable masterbatch.

According to the publisher's research report, Global Sustainable Masterbatch Market Analysis, 2021, the market is likely to grow at a CAGR of around 9.5% during 2021-26. The rising environmental concerns due to limited disposable methods of plastics and the introduction of strict government regulations toward single-use plastics are steadily increasing the demand for sustainable masterbatch. Growing consumer awareness, surging demand for sustainable solutions in different industries, and escalating advancement in the sustainable masterbatch are factors propelling the market growth.

Moreover, the burgeoning need for biodegradable plastics, implementation of stringent laws to limit the conventional masterbatches production, and snowballing applications of bio-based plastics among end-users are the reasons augmenting the demand for sustainable masterbatch. Besides, the continuous expansion of product portfolios and soaring development of bioplastics like PBAT further drive the market growth.

Impact of COVID-19

The COVID-19 pandemic had negatively affected the sustainable masterbatch industry. The adversely disrupted supply chain due to the closed borders had created a shortage of raw-material and additives. Thus, the unavailability of sufficient additives resulted in a huge demand and supply gap for medium-scale manufacturers and end-users.

Market Segmentation

Packaging Accounted for the Largest Market Share

Based on the Application, the Packaging segment accounted for the largest market share in the Global Sustainable Masterbatch market in 2019. Packaging plays a vital role in customer engagement with the brands. The rapid rise in the use of single-use plastic has raised the concern due to its non-biodegradable properties. The dumping of plastic packaging into the oceans is creating a wasteful impact on the earth's ecosystems.

Packaging companies are now inclining more toward innovative technologies that are environmentally friendly, reusable, and biodegradable. The augmenting adoption of PET packaging for packaged food & beverages is driving the demand for sustainable masterbatch.

Moreover, rising demand for reusable plastic packaging and surging awareness about compostable packaging are factors fueling the Global Sustainable Masterbatch market growth in the forecast period, reveals the author in their research report, Global Sustainable Masterbatch Market Analysis, 2021.

Polyethylene Terephthalate (PET) Witnessing Robust Growth

Based on Product, Polyethylene Terephthalate (PET) is likely to witness robust growth in the Global Sustainable Masterbatch over the forecast period. PET is lightweight and durable and has a wide range of applications, such as for bottles, jars, injection molding trays & tubs, and packaging uses.

The demand for PET is surging in food and beverage packaging due to its extensive application in container package for soft drinks and water. The burgeoning need for high-value packaging in the food industry, which is safe, reliable, and retains freshness is soaring the demand for PET.

Regional Landscape

Asia-Pacific Attain Highest CAGR

Asia-Pacific seems to attain the highest CAGR in the Global Sustainable Masterbatch market in the forecast timeline. The growth accredits to surging funding in R&D for sustainable masterbatch and increasing awareness about eco-friendly and reusable products. Moreover, burgeoning plastic consumption in the automotive industry due to rising government initiatives to promote electric cars is placing a considerable impact on market growth.

India and China acquired the majority market share in the Asia-Pacific region. The snowballing demand for bioplastic, the strong presence of giant leaders, and soaring investment in sustainable plastics are the factors likely to propel the market growth in the forecast period.

Market Driver

Burgeoning Need of Biodegradable Plastics

The increasing plastic pollution and rising demand for fossil fuels for making conventional plastics have raised environmental concerns among consumers. The mounting awareness of biodegradable plastics and the rising demand for bioplastics in end-users, such as medical, packaging, agriculture, and automotive, drive the demand for sustainable masterbatch.

Competitive Landscape

According to the publishers, the major leading players in the global Sustainable Masterbatch market are Tosaf Compounds Ltd., Rapid Colour Services Ltd, BASF SE, Ampacet Corporation, Americhem, Inc., Silvergate Plastics, GABRIEL-CHEMIE GmbH., Polyvel Inc., Cabot Corporation, Avient Corporation, etc.

Key Questions Answered in the Market Research Report:

1. What are the overall market statistics or estimates (Market Overview, Market Size- By Value, Forecast Numbers, Market Segmentation, Market Shares) of the Global Sustainable Masterbatch Market?
2. What is the region-wise industry size, growth drivers, and challenges?
3. What are the key innovations, opportunities, current & future trends, and regulations in the Global Sustainable Masterbatch Market?
4. Who are the key competitors, their key strengths & weaknesses, and how do they perform in Global Sustainable Masterbatch Market based on a competitive benchmarking matrix?
5. What are the key results derived from the market surveys conducted during the Global Sustainable Masterbatch Market study?