Global Oxygen Scavenger Masterbatch Market For Food Packaging Estimated To Attain $25.1 Million During 2019–2025

24-Feb-2020 | Zion Market Research

The global oxygen scavenger masterbatch market for food packaging application is expected to attain USD 25 million by the end of 2025, as stated by analysts from Zion Market Research. The increasing demand for meat and dairy products worldwide will spur the oxygen scavenger masterbatch market in the future. The growing worries over the worsening of these perishable food items owing to the occurrence of oxygen is creating necessitate for specialty masterbatch across the food packaging industry. Countries like the U.S., China, Australia, Japan, Canada, and South Korea have reported in the surge of the intake of meat and dairy products in the last few years.

 

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Some of the major industry players in this market for food packaging application are Clariant AG, Albis Plastic, Henkel, Gabriel Chemie, Tosaf, and NanoBioMatters. These firms are deliberately investing to develop the capacities for the dynamic packaging and related products and are vigorously entering into corporations with other players to maintain significant competition in the market.

Global Oxygen Scavenger Masterbatch Market

Increased Active And Smart Packaging Demand In The Food & Beverages Industry To Spur Oxygen Scavenger Masterbatch Market

The active,  smart, and intelligent packaging industry worldwide was estimated at about USD 37 billion in 2019 and is likely to develop at a significant rate in the future due to massive need of specialty covering for maintaining the freshness of the food items as well as enhancing its nutritive value. The changing eating patterns and consumer lifestyles across emerging & developed countries will generate the need for novelty in the food & beverage packaging sector. This will eventually augment the oxygen scavenger masterbatch market share in the next couple of years.

The global oxygen scavenger masterbatch market is segmented based on product, applications, end user, and region. Based on the product, the market for food packaging is segregated into inorganic and organic products. The inorganic products are subdivided in iron-based and other inorganic products. The organic oxygen absorber masterbatch section is expected to develop at a CAGR of 8.2% in the forecasted time. Based on the application, the global oxygen scavenger masterbatch market is divided into flexible packaging and rigid packaging segments. Based on the end-user, the market is divided into poultry & fish, meat, dairy products, fruits & vegetables, snacks & confectionaries, alcoholic beverages, and others.

North America And Asia Pacific To Witness Growth In Oxygen Scavenger Masterbatch Market

Based on the geographical examination, the oxygen scavenger Masterbatch market can be segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The North America region held over a 35% share of the oxygen scavenger masterbatch market globally for food packaging due to increase in the consumption of meat & dairy products across the region. The U.S. is the major customer of dairy products globally and consumed about 22 kg per capita of products from 2014–2016. Another major region in the industry is Asia Pacific that is expected to advance at a CAGR of over 6.3% in the forecasted period. This is owing to advancement in the food & beverage industry in the budding countries of the region.

Browse the full “Oxygen Scavenger Masterbatch Market - By Product Type (Inorganic and Organic Products), By Application (Flexible Packaging and Rigid Packaging), By End User (Poultry & Fish, Meat, Dairy Products, Fruits & Vegetables, Snacks & Confectionaries, Alcoholic Beverages, and Others), and By Region- Global Industry Perspective, Comprehensive Analysis, and Forecast, 2019 – 2025.” Report at https://www.zionmarketresearch.com/report/oxygen-scavenger-masterbatch-market

The global oxygen scavenger masterbatch market is segmented as follows:

By Product Type

  • Inorganic Products
    • Iron-based Products
    • Other Inorganic Products
  • Organic Products

By Application

  • Flexible Packaging
  • Rigid Packaging

By End User

  • Poultry & Fish
  • Meat
  • Dairy Products
  • Fruits & Vegetables
  • Snacks & Confectionaries
  • Alcoholic Beverages
  • Others

By Region

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

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