Non-toxic environmentally friendly additives are expected to become the new favorite of the market

According to Allied Market Research (AMR), the market value of global plastic additives is expected to exceed the $50 billion mark in 2020, increasing to $58 billion. AMR said that non-toxic environmentally friendly additives will become the new darling of the market in the next few years.
The data shows that the global market value of plastic additives in 2013 was 41.4 billion US dollars. During the period 2014-2020, the global plastic additive market value will grow at a compound annual growth rate of 4.9%. In terms of quantity, the total global sales of plastic additives last year was 12,620 tons, which is expected to increase to 17,100 tons in the next six years.
Plasticizing storms hit consumers to talk about color change
In its latest report, AMR said that in general, the global plastics additives industry has developed steadily in recent years, and its market prospects are relatively promising. However, AMR also pointed out that various problems related to plastic additives in the current market are also emerging. Continuously
The plasticizer storm has caused many consumers to talk about color change.
In view of this, AMR appeals to relevant government departments to further standardize and improve the regulations on plastic additives from the perspective of health and safety, and to use legal means to compensate for the lack of market self-regulation.
Although the European Commission issued a statement saying that not all phthalates will cause harm to the human body. However, Europe still imposes strict restrictions on the amount of phthalates in mouth-to-mouth toys and other children's products used by children under 3 years of age. In the United States
In the country, phthalates are clearly prohibited from being used in toys and other plastic products for children. AMR hopes that more and more countries will be able to face the effects and drawbacks of plastic additives, especially plasticizers.

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