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Plastic Fillers Market Trends

  • Report ID: GMI4592
  • Published Date: Aug 2024
  • Report Format: PDF

Plastic Fillers Market Trends

Plastics fillers industry is driven by their lightweight nature and ease of handling, consumers are increasingly gravitating towards plastic packaging, propelling the growth of the market. The rising number of working women has heightened the demand for packaged foods, subsequently boosting the need for plastic packaging. Enhancing properties like hardness, stiffness, and flexural strength, plastic fillers make plastics an ideal choice for packaging.
 

However, the market faces challenges from stringent regulations aimed at curbing plastic use, primarily due to escalating environmental concerns. For instance, in March 2019, the European Parliament voted to ban several single-use plastic items, including straws, stirrers, cutlery, and cotton buds, as part of efforts to mitigate plastic waste.
 

Many manufacturers are turning to organic fillers like cotton fiber, wood powder, and carbon black. These alternatives not only diminish environmental harm but also promise to accelerate the growth of the market.

Authors: Kunal Ahuja, Sarita Bayas

Frequently Asked Questions (FAQ) :

The market size for plastics fillers achieved a valuation of USD 12.5 billion in 2023 and recorded a 5.2% CAGR from 2024 to 2032 driven by the growing demand for lightweight material from the automotive sector.

The calcium carbonate segment in the plastic fillers market will demonstrate a 5.2% CAGR through 2032 owing to its cost-effectiveness, ease of processing, and rigidity-enhancing properties.

Asia Pacific Plastics fillers industry is projected to achieve USD 8.7 billion with a 6% CAGR from 2024 to 2032 favored by the adoption of electric vehicles (EVs), where the product is used to reduce vehicle weight and optimize cruising range.

Imerys, Mineral Technologies Inc., Hoffman Minerals, LKAB Group, Huber Engineered Materials, Omya AG, BASF SE, Avient Corporation, Johnson & Johnson (for their specialized plastic filler products), and The Dow Chemical Company

Plastic Fillers Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 10
  • Tables & Figures: 313
  • Countries covered: 22
  • Pages: 165
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