News Plastic Industry 

Global Masterbatch market projected to reach US$13 billion by 2024

The global Masterbatch market is projected to reach US$13 billion by 2024, driven by the rising significance of colorful plastics in major end-use markets of packaging, construction and automotive sectors. Technology advancements aimed at improving masterbatch characteristics and increased focus on biodegradability will also drive growth in the coming years. Masterbatches are omnipresent raw materials used as colorants for plastics. Masterbatch has become an indispensable product with applications in almost all areas of plastic processing, including injection molding, extrusion, rotational molding, sheet, film, and blow molding. Masterbatch allows processors to…

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News Plastic Industry 

Detailed clarification on Plastics items banned in Maharashtra awaited

The empowered committee is scheduled for Wednesday 27th June, the minutes of the last expert committee meeting will only be cleared in this meeting. The confirmation of exemptions or what is exactly banned in maharashtra is unclear till then. What we are seeing in the media is only an interpretation. The government in principal has also agreed to release a list with PICTURES of the banned items which will be released by MPCB shortly. Akhilesh Bhargava Chairman Environment Committee AIPMA(All India Plastic Manufacturers Association)

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News Plastic Industry 

Global Thermoform Packaging Market Will Reach USD 51.5 Billion by 2024

Zion Market Research has published a new report titled “Thermoform Packaging Market by Material (Polyvinyl Chloride (PVC), Polyethylene Terephthalate (PET), Polyethylene (PE), Polystyrene (PS), Polypropylene (PP), Acrylonitrile Butadiene Styrene (ABS), and Others), Paper & Paperboard, Aluminum, and Others); by Heat Seal Coating (Water Based, Hot Melt Based, and Solvent Based); by Packaging Type (Blister Card Packaging (Full Face Seal, Trapped Blister, Face Seal, and Others), Clamshell Packaging, Skin Packaging, and Others); by End-user (Pharmaceuticals, Food and Beverages, Electronics, Consumer Goods, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2017-2024’’….

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News Plastic Industry 

Loop Industries, Inc. activates breakthrough Generation II technology

TERREBONNE, Quebec, Loop Industries, Inc. announced that they have successfully activated the next generation of their waste PET and polyester fiber upcycling technology which now allows for the continuous production of Loop™ PET products. “Our Generation II technology is a major step forward in sustainable plastic,” says Daniel Solomita, CEO & Founder, Loop Industries, Inc. “It further reinforces our confidence that upcycling waste PET and polyester fiber will be cost effective, scalable and very efficient on a commercial scale, which means we can help divert even more waste plastic from…

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News Plastic Industry 

Important Update on Plastic Ban in Maharashtra

The associations had a meeting of expert Committee on plastic ban in Maharashtra. The deadline of 23rd June will be extended. The revised deadline will be communicated on 23rd June. Govt will issue a fresh notification. No coercive action will be taken until the final notification. Points finalised are. 1). PET manufacturers to establish buyback and recycling mechanism. Retailers are required to buyback pet bottle to the extend of bottle sold by them. 2) Apparels / garments packed at manufacturing stage will be exempted 3) Plastic used for preserving and…

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News Plastic Industry 

Bio-on inaugurates in Italy the first bioplastics production plant to produce 100% natural and biodegradable microbeads

Bologna, Italy. Bio-on inaugurated its first owned plant designed to produce 100% natural and biodegradable special PHAs bioplastics for high added value niche markets such as the microbeads used in the cosmetics sector. “We are extremely proud,” explains Bio-on Chairman and CEO Marco Astorri, “because this factory demonstrates all-Italian excellence and is the beginning of a new era in the global green chemical industry. From today, thanks to our bioplastic, many companies will have the chance to protect the environment and give ecological credentials to their products, in compliance with…

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News Plastic Industry 

Worldwide Four Side Flat Pouch Market to cross $ 8 bn by 2024

Worldwide Four Side Flat Pouch Market will surpass USD 8 billion by 2024; according to a new research report by Global Market Insights, Inc. Changing lifestyle and inclination towards fast food will offer positive outlook for industry growth. Rising need of packaging specially for ready to cook food owing to the busy lifestyle of the consumers will support the industry growth. Factors such as convenience to carry, flexibility, strong sealing strength and vacuum finish are positively influencing the four side flat pouch market growth. In addition, cost effectiveness, maintaining freshness,…

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News Plastic Industry 

Ethylene Propylene Diene Monomer (EPDM) Market to reach US$4.20 bn by 2024

Albany, New York, — The presence of a handful of companies at the top has rendered the global ethylene propylene diene monomer (EPDM) market highly consolidated. According to Transparency Market Research (TMR). Over 80% of the global market was held by the top six companies in 2015. These were Mitsui Chemicals, LANXESS AG, Kumho Polychem, ExxonMobil Chemical Company, The Dow Chemical Company, and Lion Copolymer LLC. However, the market is witnessing a rising influx of local vendors, which is expected to intensify the prevailing competition in the forthcoming years. This…

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News Plastic Industry 

Global Cling Film Market Will Exhibit A CAGR Of 5.8% From 2018 To 2028

Leading restaurants across the globe as well as food and beverage stores are identifying the advantages associated with the use of cling film as more people are using them on a day-to-day basis. Most companies are manufacturing cling films and supplying these at wholesale prices to retail outlets, hence making these films available to end consumers at affordable rates. Intensifying urbanisation in emerging economies such as India and China has led to the growing adoption of on-the-go food products, especially by the working population. Cling films are extensively used as…

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