According to the current analysis of Reports and Data, the Global Oxygen Scavenger Masterbatch Market was valued at USD 21.1 Million in 2020 and is expected to reach USD 36.8 Million by the year 2028, at a CAGR of 7.3%. Oxygen scavenger masterbatch preserves perishable items by significantly reducing the oxygen content in the plastics used in packaging. Oxygen Scavenger Masterbatch, also known as oxygen absorbent masterbatch or additive, is used in active packaging applications to absorb oxygen from the food packaging environment and extend the shelf life of the item. It helps maintain the freshness, taste, and color of a range of packaged foods, including processed meats, pet snacks, packaged coffee powders, dried meats, and ready-to-eat meals. Increasing demand for meat dairy products around the globe will propel oxygen scavenger masterbatch demand by 2025. The presence of oxygen in perishable food products has been found to affect the packaged food shelf life negatively. These trends are driving specialty masterbatch demand in the food packaging sector. Oxygen absorber masterbatch significantly reduces oxygen content within the packaging products and helps in extending the life of packaged food. Growing meat dairy product consumption will drive the demand for smart and intelligent packaging, which will further increase oxygen absorber masterbatch market demand by 2025.
Another important growth driving factor is increasing technological innovation in the food and beverage packaging sector across the world. Some of the key trends include incorporating active and intelligent packaging in packaged food and beverages. Oxygen absorber additives are utilized in active and smart packaging applications to remove oxygen present within the packaging and to enhance shelf life quality of food items. Changing consumer buying behavior related to packaged food along with growing demand for tamper-proof, portable, and resealable food packaging will positively affect oxygen scavenger masterbatch demand by 2026.
Increasing consumption of dairy and meat products has affected the demand for oxygen scavenger masterbatch products in food packaging applications, is estimated to propel the regional markets. North America held the largest market in 2018 owing to increasing disposable income, changing lifestyles, and the rise in consumption of nutritional products. Consequently, the high costs associated with the product may hamper the market growth.
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Market Overview:
A rapidly increasing global population, a significant increase in consumer goods demand worldwide, increased development of advanced and environmentally friendly packaging materials, a focus on reducing carbon emissions, and the introduction of environmentally sustainable packaging solutions all play a key role in driving revenue growth in the global packaging industry. Retail e-commerce, food beverage, consumer electronics, pharmaceutical, and others are among the industries that are requiring environmentally sustainable packaging solutions. Increasing research development activities for advanced and environmentally sustainable packaging techniques, rapid growth of the manufacturing industry, increasing imports and exports of consumer goods around the world, and increases in government investment in the transportation and logistics industry are some of the major factors contributing to the growth of the global packaging industry. The development of cold chain logistics infrastructure and technological advances are also major factors driving growth in the global packaging market. It is projected that the Oxygen Scavenger Masterbatch market will reach USD XX billion in 2028, registering a strong revenue CAGR of XX%.
Some of the Leading Market Players Are Listed Below:
- Clariant AG,
- Albis Plastic GmbH,
- Henkel AG Co.,
- KGaA,
- Gabriel-Chemie Gesellschaft GmbH,
- NanoBioMatters Industries S.L,
- Tosaf Inc.,
- PolyOne Corporation,
- Mitsubishi Gas Chemical Company, Inc.,
- CSP Technologies, Inc.,
- Sealed Air Corporation,
- Mondi Plc,
- Berry Global, Inc.
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The Global Oxygen Scavenger Masterbatch Market Is Segmented Into:
- North America (U.S.A., Canada, Mexico)
- Europe (Italy, U.K., Germany, France, Rest of Europe)
- Asia Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Market Segmentation:
Product (Revenue, USD Million; Volume in Kilo Tons, 2018–2028)
- Organic Oxygen Scavenger Masterbatch
- Inorganic Oxygen Scavenger Masterbatch
Application (Revenue, USD Million; Volume in Kilo Tons, 2018–2028)
- Flexible Packaging
- Rigid Packaging
End-Use (Revenue, USD Million; Volume in Kilo Tons, 2018–2028)
- Meat, Poultry Fish
- Snacks Confectionaries
- Fruits Vegetables
- Dairy Products
- Alcoholic Beverages
- Others
Some Points on How the Report Benefits Readers:
- Deep-dive analysis of the key drivers, opportunities, and restraints.
- Qualitative and quantitative analyses of the global Oxygen Scavenger Masterbatch market.
- Comprehensive analysis of the key regional markets and their respective revenue CAGRs.
- Precise evaluation of each regional market’s production consumption capacities.
- An overview of the highly competitive environment of the Oxygen Scavenger Masterbatch industry and company overviews.
- Focus on the key strategies implemented by the key market players, such as partnerships, collaborations, acquisitions, new product launches, and various other strategies.
Table of Contents (ToC) – Global Oxygen Scavenger Masterbatch Market
Chapter 1. Methodology Sources
1.1. Market Definition
1.2. Research Scope
1.3. Methodology
1.4. Research Sources
1.4.1. Primary Sources
1.4.2. Secondary Sources
1.4.3. Paid Sources
1.5. Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2023-2028
Chapter 3. Key Insights
Chapter 4. Global Pharma Healthcare Market Segmentation
4.1. Global Pharma Healthcare Market COVID-19 Impact Analysis
4.2. Industrial Outlook
4.2.1. Market indicators analysis
4.2.2. Market drivers’ analysis
4.2.3. Market restraints analysis
4.3. Technological Insights
4.4. Porter’s Five Forces Analysis
4.5. Regulatory Framework
4.6. Price trend Analysis
4.7. Competitive Metric Space Analysis
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