Europe Masterbatch Market Forecast and Opportunities, 2020 - Reportlinker Review
Browse the number:854 Release time :2015-10-23
NEW YORK, Oct. 20, 2015 /PRNewswire/ -- Masterbatches are manufactured by pigments, additives and carrier resins, and are classified as white, black, color, additive and filler masterbatches. They are used to impart color and other desired properties to plastics during manufacturing. In Europe, filler masterbatches are extensively used in production of raffia bags and woven sack bags for packaging industry. White masterbatches are projected to demonstrate robust growth in the coming years due to their widespread applications in packaging industry in milk pouches, plastic bags, disposable plates, cups & spoons and pharmaceutical packaging. Color masterbatches finds applications in food & beverage packaging, electrical & electronics, and building & construction industry. Similarly, Black masterbatches are extensively used in coating of construction and automotive industries and others.
According to "Europe Masterbatch Market Forecast & Opportunities, 2020", the masterbatches market in Europe is projected to surpass USD4.70 billion by 2020. Increasing demand of different masterbatch formulations from flexible and rigid packaging segments and growing demand for light weight vehicles is forecast to buoy market growth in the coming years. Growing demand for innovative and attractively packaged food items, increasing demand for contamination free packaging from the pharmaceutical sector, rising sales of light weight vehicles due to implementation of stringent emission standards by the government and surging demand for bioplastics from various end use applications is forecast to fuel demand for various masterbatch formulations in the region over the next five years. "Europe Masterbatch Market Forecast & Opportunities, 2020" report elaborates following aspects related to mastebatch market in Europe:
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