Masterbatch Market Size, Share, Growth, Trends, and Global Industry Analysis: By Type (Color Masterbatch, Additive Masterbatch, Black Masterbatch, White Masterbatch, Filler Masterbatch), By Polymer (Polystyrene, Polyethylene Terephthalate, Polyurethane, Polyvinyl Chloride, High-Density Polyethylene, Low-Density Polyethylene & Linear Low-Density Polyethylene, Polypropylene), By Application (Building & Construction, Packaging, Automotive, Textile, Consumer Goods, Agriculture, Others) and Region Forecast 2019-2030

Masterbatch Market size was valued at US$ 15.7 billion in 2023 and is poised to grow at a significant CAGR of 5.9% from 2024-2030. Applications for biodegradable masterbatch are rapidly expanding in everyday consumer goods, particularly in the food packaging sector. In the packaging industry, an additive masterbatch is utilized with bio-based resins whose materials include soybean, wood pulp, sugarcane, coffee, castor, plant seeds, and corn. In conventional masterbatch, the waste disposal of petroleum-based carrier polymers is a significant challenge. Conventional polymers take several hundred years to decompose. Use masterbatch that complies with US FDA regulations when making food plastics. Due to the strict rules and demand from developed countries, the packaging industry's market will have an opportunity. Price increases have also been influenced by the emergence of higher-value products that offer better performance and quality.

Additionally, the creation of bio-based masterbatches for various applications, significant investments in R&D, and cutting-edge technologies are raising masterbatch production costs and driving up product prices. Engineering plastics and masterbatches have benefited from technological developments in the plastics sector, changing vehicle designs and displacing traditional metal parts like fuel tanks. Plastics are used in automotive components to cut production costs and vehicle weight, forcing polymer producers to increase their production capabilities.

The masterbatch industry is tremendously fragmented, with many small and medium-sized businesses operating worldwide. The producers are concentrating on creating new technologies and expanding their service offerings to meet the rising demand for masterbatches. The two most important initiatives in the market are the improvement of the product landscape and strategic alliances. In the future, it is expected that a rising trend of urbanization will boost the demand for plastic goods. Urbanization will also result in significant infrastructure growth, stimulating the building and construction sector and raising the need for high-performance plastic goods.

Key Developments:

• In November 2021, Chroma colour Corporation has acquired J. Meyer & Sons, Inc. a manufacturer of colour concentrates and masterbatches for the medical and pharmaceutical markets to strengthen their services for healthcare customers that serve applications like medical devices, medical disposables, and pharmaceutical packaging.
• In December 2021, Meraxis, a Swiss trade company, and ROMcolour, one of the major masterbatch manufacturers in Central and Eastern Europe, are strengthening their partnership with a new distribution arrangement. Meraxis is adding the extensive variety of ROMcolour products to its current masterbatch offering for customers in the DACH and Benelux countries.
• In February 2022, Microban International entered into a distribution agreement with Rifra Masterbatches, one of the global leading player in the production of tailor-made additives – such as colour or various complexes – used to process plastic products.