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The plastic additives market size is forecast to increase by USD 21.9 billion, at a CAGR of 6.69% between 2023 and 2028. The market is witnessing significant growth due to several key trends. The increasing demand for recycled plastics from the packaging industry is one of the major drivers, as plastic additives play a crucial role in enhancing the properties of recycled plastics, making them suitable for various applications. Another trend is the rising demand for bio-based plasticizers, which are derived from renewable resources and offer environmental benefits over conventional plasticizers. However, the harmful effects of plasticizers on the environment, particularly their contribution to water pollution and non-biodegradability, pose a significant challenge to the market. To mitigate these challenges, manufacturers are focusing on developing eco-friendly plastic additives and implementing sustainable production processes.
Overall, the market is expected to grow steadily, driven by these trends and the increasing demand for sustainable and eco-friendly plastic solutions.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Type
7 Market Segmentation by Application
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
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