February 05, 2020
According to the research report titled ‘Oxygen Scavenger Masterbatch Market Size for Food Packaging By Product (Organic, Inorganic [Iron-based]), By Application (Flexible Packaging, Rigid Packaging), By End-user (Meat, Poultry & Fish, Fruits & Vegetables, Dairy Products, Alcoholic Beverages, Snacks & Confectionaries), Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, France, Spain, Italy, Russia, China, India, Japan, Australia, Indonesia, Malaysia, South Korea, Brazil, Mexico, South Africa, Saudi Arabia, UAE, Qatar), Growth Potential, Price Trends, Competitive Market Share & Forecast, 2019 – 2025’, available with Market Study Report LLC, the global oxygen scavenger masterbatch market is expected to cross USD 25 million by 2025.
According to the report, growing demand for dairy & meat products across the globe is a major factor driving the oxygen scavenger masterbatch market growth. The product helps in reducing the oxygen content in packaged products thereby extending the shelf life. This factor along with technological advancements in food & beverage packaging industry are further aiding the market expansion. Increasing awareness regarding buying packaged food in tandem with rising demand for resealable, portable, and tamper-proof food packaging solutions are stimulating the industry outlook.
As per product, the report states that organic oxygen scavenger masterbatch market segment is expected to grow by 8% by the year 2025. Rising R&D activities in order to improve the performance of organic food products are fueling the segmental growth. Meanwhile, inorganic oxygen scavenger masterbatch market segment will also accrue decent gains owing to rising adoption of such products in commercial sector.
Based on the application spectrum, the flexible packaging application of oxygen scavenger masterbatch is presumed to hold 75% share of the overall market during the forecast period. This type of packaging solution offers benefits such as weight reduction and better convenience to the end-users, thus facilitating the business scenario.
Citing the end-user landscape, the report cites that meat, poultry & fish category is expected to hold 35% share of the oxygen scavenger masterbatch market by the year 2025. Rising concerns regarding bacterial growth and lipid oxidation in meat, fish, and poultry are propelling the segmental growth. On the other hand, snacks & confectionaries segment is estimated to hold one-fifth share owing to increasing concerns regarding quick spoilage of snacks & confectionaries and growing demand for savory and baked snacks.
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As per regional analysis, the report states that the oxygen scavenger masterbatch market from Asia-Pacific region is presumed to expand by 6% by the year 2025. Growing demand for packaged food products in developing nations are boosting the demand for oxygen scavenger masterbatch solutions across the region.
Berry Global Inc., Mondi Plc., Sealed Air Corporation, CSP Technologies Inc., Mitsubishi Gas Chemical Co. Inc., Polyone, Tosaf Inc., NanoBioMatters, Gabriel-Chemie Gesellschaft GmbH, Henkel AG & Co., KGaA, Albis Plastic GmbH, and Oxygen scavenging masterbatch (OSMB) suppliers are the prominent companies operating in the market.
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