Masterbatch is a solid product consisting of plastic or rubber mixed with additives at a high concentration. It is used to efficiently and evenly distribute additives throughout a plastic product. The manufacturing process involves mixing ingredients under heat and shear to produce homogenized pellets. Masterbatch can be added to polymers through volumetric or gravimetric dosing on the production line. Common types include color, white, black, and additive masterbatches. The Indian masterbatch market is expected to grow significantly due to increasing plastic product demand and penetration.