Empowering India's Plastic Industry

The masterbatch market in India has been growing at a healthy pace owing to the expansion of industrial base, manufacturing sectors, focus on product differentiation and color stability. However, the increasing maturing of the Indian economy has created a steady increase in demand for masterbatches which are a kind of additives used in the processing of plastics. The packaging industry is among the most influential factors that would fuel the growth of the masterbatch market in India. The general population is paying more attention to the consumption of packaged goods and products due to the increased e-commerce activities and consumerism, and this has in turn increased the use of flexible and rigid packagings that also increases the demand for masterbatches. Also, the automotive segment, which has benefited from increased per capita income coupled with infrastructural changes, is another key driver to the increasing demand for masterbatches in the market.

Furthermore, the shift in consumers’ awareness towards sustainability and environmental legislation is encouraging the manufacturers to incorporate masterbatches that enhance recyclability and minimize the carbon emissions. This trend of adopting environmentally friendly products is likely to drive the market forward in the succeeding years. Also, the growing application in masterbatch formulations, for instance, the emergence of specialty and additive masterbatches that addresses customer needs in certain industries such as textiles, agriculture, and construction are expanding the use of masterbatch across the industries.

In the current issue, we introduce you to the top firms in this sector. In this issue, Industry Outlook has identified the select few companies that have done particularly well in this industry with a high level of attention to detail. We have found that these companies have gone the extra mile in proving their commitment to meet the customer needs in an integrated manner.

We welcome your feedbacks and suggestion that you may have concerning this issue.