Global Sustainable Master Batch Market likely to attain 9.62% CAGR during 2021-2026
This research report provides comprehensive, qualitative, and quantitative insights on the market potential, key factors impacting the market growth, hotspots, and opportunities available for Sustainable Master Batch providers across the globe.
Key questions answered in the study
1. What are the current and future trends in the Global Sustainable Master Batch Market?
2. How has the industry been evolving in terms of geography and services adoption?
3. How has the competition been shaping across the countries, followed by their comparative factorial indexing?
4. What are the key growth drivers and challenges for the Global Sustainable Master Batch Market?
5. What are the customer orientation, purchase behavior, and expectations from the Global Sustainable Master Batch Market service providers across various regions?
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Impact of Covid-19
The COVID-19 pandemic severely affected the Global Sustainable Master Batch Market in numerous ways. For a smooth supply chain to suffice the industrial requirements, the industry needs a constant flow of raw materials, additives, logistics, and transportation. However, the imposition of lockdown throughout the globe affected the entire supply chain. Moreover, the unavailability & insufficiency of various goods & services further restrained the market growth. However, after the new relaxation norms initiated by governments, the market is likely to regain its pace in the years to come.
Polybutylene Adipate-Co-Terephthalate (PBAT) Exhibits Fastest Growth
Based on the product, Polybutylene adipate-co-terephthalate (PBAT) exhibits the fastest growth in the Global Sustainable Masterbatch market in the coming years. The growing environmental problems due to the improper disposal of non-biodegradable polymers have propped the demand for compostable and PBAT polymers. Also, the surging applications of PBAT across various industries are further likely to push their growth in the future.
According to MarkNtel Advisors, the major leading players in the Global Sustainable Master Batch Market are LyondellBasell (US), Avient Corporation (US), Penn Color, Inc. (US), Ampacet Corporation (US), Cabot Corporation (US), Plastiblends India Ltd. (India), Hubron International (UK), Plastika Kritis S.A. (Greece), Tosaf Group (Israel).
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