Global light degradable masterbatch market is expected to grow at a significant CAGR in the upcoming period as the scope and its applications are rising enormously across the globe. A masterbatch is a polymer granulates that are magnificent processing materials and are used for plastic coloring.
The factors that are playing a major role in the growth of light degradable masterbatch market are the growing demand from manufacturers, it is cost-efficient, and the rising environmental responsibility. However, the availability of substitutes and the lack of initiatives may restrain the overall market growth in the years to come. Light degradable masterbatch industry is segmented based on type, product type, end-user, and region.
HDPE masterbatch, EVA masterbatch, LLDPE masterbatch, PE masterbatch, LDPE Masterbatch, PVC masterbatch, and PP masterbatch are the types that could be explored in light degradable masterbatch market in the forecast period.
Plastic bag, daily plastic products, industrial containers, biomedical waste bags, garbage & carry bags, agricultural films, disposable trays, and other product types could be explored in light degradable masterbatch industry in the forecast period. The market may be categorized based on end-users like transport and logistics, automotive, agriculture, medical technology, packaging, fibers, consumer goods, and others could be explored in the forecast period.
Globally, North America accounted for the significant share of light degradable masterbatch market and is estimated to lead the overall market in the years to come. The reason behind the overall market growth could be the presence of key manufacturers in the region, the high demand from end-users, and the growing awareness among consumers regarding the benefits of the light degradable masterbatch. The United States and Canada are the major consumers of light degradable masterbatch in this region.
Europe and the Asia Pacific are also estimated to have a positive influence on future growth. Europe is the second largest region with significant market share. However, Asia Pacific is estimated to grow at the highest CAGR in the forecast period. The developing countries like India and China are the major consumers of light degradable masterbatch in this region.
The key players of light degradable masterbatch industry are Plastika Kritis, Clariant, A. Schulman, PolyOne, Cabot Corporation, and Ampacet Corporation. These players are concentrating on inorganic growth to sustain themselves amidst fierce competition.
Leading players of Light Degradable Masterbatch including:
• Ampacet Corporation
• Cabot Corporation
• Hubron International
• Plastika Kritis
Market split by Type, can be divided into:
• PP Masterbatch
• LDPE Masterbatch
• LLDPE Masterbatch
• HDPE Masterbatch
Market split by Application, can be divided into:
• Garbage & Carry Bags
• Disposable Trays
• Agricultural Films
• Biomedical Waste Bags
Market split by Sales Channel, can be divided into:
• Direct Channel
• Distribution Channel
Market segment by Region/Country including:
• North America (United States, Canada and Mexico)
• Europe (Germany, UK, France, Italy, Russia and Spain etc.)
• Asia-Pacific (China, Japan, Korea, India, Australia and Southeast Asia etc.)
• South America Brazil, Argentina, Colombia and Chile etc.)
• Middle East & Africa (South Africa, Egypt, Nigeria and Saudi Arabia etc.)
Research Support Specialist, USA