The global plastic additives market is valued at US$57.636 billion in 2025 and is expected to grow at a compound annual growth rate of 4.96% to reach a market size of US$69.942 billion in 2030.
The penetration of plastics is increasing as they are being used in a majority of consumer products. There are additives available, such as bio-stabilizers, antioxidants, and flame retardants, which are added to plastics to enhance their properties. In conjunction, there is a burgeoning demand for plastic products with enhanced properties in various end-user industries, such as the packaging, automotive, and construction industries, among others.
The rising demand for plastic across various end-use industries is a major driver of the plastic additives market.
However, the stringent regulations by international government bodies and organizations, such as the Environmental Protection Agency (EPA), regarding the unlawful and improper disposal of waste plastics and additive materials by end-user industries is a factor that is restraining the plastic additives market growth.
The biostabilizers segment is anticipated to account for a considerable market share. The usage of bio-stabilizers can prevent the degradation of plastic while allowing it to retain its physical properties. This is increasingly important as the end product must be of good quality so that its function is not impaired. In addition, the usage of plasticizers is increasing, as plasticizers can aid the plastics in achieving optimum flexibility and durability to the plastic material and lead to an increase in the improvement of the compound processing characteristics.
Plastic is a widely used material in the production and packaging of a variety of goods, intermediate as well as finished goods. Although some industries do not use plastic materials in their products, it is used in packaging, construction, transportation, and other industries. The most commonly used and preferred type of plastic material is polyethylene. High-density polyethylene (HDPE) and low-density polyethylene (LDPE) are the two types of plastics used mainly for their optimum strength and non-leaching properties.
Geographically, the Asia Pacific region is one of the major markets for plastic additives manufacturers owing to the well-developed and flourishing automotive sector in countries such as India and China. In addition, the growing number of construction activities in the Asia Pacific is contributing to its regional market growth. Data released by the American Institute of Architects’ (AIA) Shanghai office indicate that China is expected to construct ten cities similar to New York by 2025. Further, a notice for the Implementation of Urban Renewal Actions in 2020 was released by the Ministry of Housing and Urban-Rural Development (MOHURD) following China's 14th Five-Year Plan. Thus, while China has been rapidly urbanizing, with its rate of urbanization standing at 64.7% in 2022, the government’s goal is to enhance the Chinese cities' quality of life by implementing this urban transformation policy and developing eco-friendly cities.
Nonetheless, North America is also anticipated to hold a decent market share owing to the presence of major packaging solution providers in the region. This growth is supported by augmenting demand from the food and beverage and pharmaceutical sectors in countries such as the US, which require stringent packing solutions to protect the quality of the end product. For instance, as per the Government of Canada, total investments in commercial buildings rose from $3,860 million in 2022 to $4,016 million in 2023.
| Report Metric | Details |
|---|---|
| Study Period | 2021 to 2031 |
| Historical Data | 2021 to 2024 |
| Base Year | 2025 |
| Forecast Period | 2026 – 2031 |
| Report Metric | Details |
|
Global Plastic Additives Market Size in 2025 |
US$57.636 billion |
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Global Plastic Additives Market Size in 2030 |
US$69.942 billion |
| Growth Rate | CAGR of 4.96% |
| Study Period | 2020 to 2030 |
| Historical Data | 2020 to 2023 |
| Base Year | 2025 |
| Forecast Period | 2025 – 2030 |
| Forecast Unit (Value) | USD Billion |
| Segmentation |
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| Geographical Segmentation | North America, South America, Europe, Middle East and Africa, Asia Pacific |
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List of Major Companies in the Global Plastic Additives Market |
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| Customization Scope | Free report customization with purchase |