Plastic Pigments Market Size

Plastic Pigments Market size was over USD 13.01 Billion in 2023 and is anticipated to reach USD 37.12 Billion by 2036, witnessing around 8.4% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of plastic pigments is estimated at USD 14.02 Billion. The expansion of the plastic industry is the driving force behind the growth. Plastic's versatility has prompted the population to produce more plastic, which is expected to fuel market growth. Plastic pigments are organic or inorganic particles that are added to the polymer base to give the finished product a specific color or functional advantage.  For instance, the most widely used inorganic pigment in the plastics industry is titanium dioxide, which is also known as the best white pigment in the world. Furthermore, owing to its superior physical characteristics, it is commonly used in coatings and plastics.

The rising packaging industry across the globe is believed to fuel market growth. Owing to the expansion of the packaging industry, the demand for plastic pigments also increases since producers require more pigments to produce colored plastic packaging. Besides this, plastic pigments are also used in the creation of personalized packaging.