Press Release

India Masterbatch Market to Grow with a CAGR of 4.15% through 2029

Growth in research and development activities is expected to drive the India Masterbatch Market growth in the forecast period, 2025-2029.


According to TechSci Research report, “India Masterbatch Market- By Region, Competition, Forecast and Opportunities, 2019-2029”, the India Masterbatch Market stood at USD364.69 million in 2023 and is anticipated to grow with a CAGR of 4.15% in the forecast period, 2024-2029. Initiatives taken by government based on masterbatch has led to favorable market conditions for the India Masterbatch Market. Several factors contribute to the growth of various masterbatch products.

The 'Smart City Plan' is a transformative government initiative that is giving a significant impetus to the masterbatch market. This visionary plan involves the development of sustainable and inclusive urban ecosystems, focusing on creating smart cities that prioritize efficiency, connectivity, and environmental consciousness. As these smart cities take shape, the construction projects involved necessitate the use of masterbatches, which are essential additives in various industries. This growing demand for masterbatches, driven by the construction activities within these innovative urban developments, is propelling the market forward.

In addition to the 'Smart City Plan,' other noteworthy government initiatives like the Atmanirbhar Bharat and the Pradhan Matri Krishi Sinchayee Yojana are also playing a pivotal role in the growth of the masterbatch market. The Atmanirbhar Bharat campaign, which translates to "self-reliant India," aims to promote self-sufficiency and economic independence across sectors. This drive towards self-reliance is fostering increased production and consumption in various industries, consequently augmenting the demand for masterbatches.

Similarly, the Pradhan Mantri Krishi Sinchayee Yojana, a flagship program focused on improving agricultural infrastructure and water management, is contributing to the expansion of the masterbatch market. By enhancing irrigation capabilities, water conservation, and efficient crop cultivation practices, this initiative is driving the need for advanced agricultural products, including masterbatches that aid in the production of high-quality agricultural films, packaging materials, and other essential applications.

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 One of the key areas of focus in R&D activities within the masterbatch industry is sustainability. With increasing environmental concerns and regulatory pressures, there is a growing demand for eco-friendly and biodegradable plastic solutions that can effectively address these challenges.

To meet this demand, researchers and innovators are dedicating significant efforts to the development of sustainable masterbatches. These masterbatches aim to not only reduce the environmental impact of plastic products but also maintain the desired performance and functionality that industries rely on.

By investing in R&D initiatives centered around sustainable masterbatches, the industry is taking a proactive approach towards mitigating the environmental impact of plastics. These efforts are expected to have a positive effect on the growth of the Indian masterbatch market, as businesses and consumers increasingly prioritize sustainable solutions.

The India Masterbatch Market is segmented into type, application, regional distribution, and company.

Based on its application, the injection molding segment held the largest market share in the forecast period. The dominance of injection molding in the Indian masterbatch market can be attributed to the widespread requirement for plastic parts in numerous end-user industries. Industries such as packaging, automotive, and consumer goods heavily rely on injection molding to produce plastic components.

In particular, the automotive industry extensively utilizes injection-molded plastic parts, which significantly contributes to the demand for masterbatches in the market. This correlation between the need for plastic components and the prevalence of injection molding showcases the crucial role that injection molding plays in meeting the diverse requirements of various industries in India's masterbatch market.

Based on region, West India segment is expected to grow during the forecast period. 

The strategic location of West India, with its proximity to major domestic and international trade routes, offers a distinct advantage. This advantageous position enables the seamless transportation of raw materials and finished products, making West India an enticing destination for manufacturers. As a result, West India has emerged as a dominant player in the masterbatch market, capitalizing on its exceptional connectivity and logistical capabilities. The region's ability to efficiently facilitate the movement of goods has further solidified its position as a preferred choice for businesses seeking to optimize their supply chain operations and maximize market reach.

 Major companies operating in India Masterbatch Market are:

  • Alok Master Batches Pvt Ltd
  • Poddar Pigments Ltd
  • Plastiblends India Ltd
  • Clariant Chemicals (India) Limited
  • Cabot India Limited

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“Growing application of masterbatch in various end user industries are key drivers of the masterbatch market. Growth in competitive landscape and presence of well-established companies in the market who are dedicated to enhance their productivity of masterbatch with every passing year are anticipated to register an impressive grow to India Masterbatch Market in the forecast period.,” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based management consulting firm.

“India Masterbatch Market By Type (White, Black, Additive, Color, Others), By Application (Film Extrusion, Injection Molding, Blow Molding, Roto Molding, Others), By Region, By Competition Forecast & Opportunities, 2019-2029”, has evaluated the future growth potential of India Masterbatch Market and provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in India Masterbatch Market.


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