Masterbatch Market Size, Share, Trends, Forecast, & Growth Analysis

The masterbatch market was estimated at USD 11.43 billion in 2021 and is likely to grow at a CAGR of 5.11% during 2022-2028 to reach USD 16.27 billion in 2028. The prime factors that are driving the masterbatch market are – the expanding packaging industry along with the organic growth of the building & construction, consumer goods, automotive, textile, and agriculture industries.