Increasing consumption of meat, dairy and seafood products, favorable growth in food & beverage industry and research activities in packaging sector are key factors contributing to a high CAGR of the Oxygen Scavenger Masterbatch market during the forecast period
New York, NY -- (SBWIRE) -- 05/07/2021 -- The global Oxygen Scavenger Masterbatch Market was valued at USD 18.2 Million in 2018 and is expected to reach USD 32 Million by the year 2026, 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.
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.
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As of 2018, organic oxygen absorber masterbatch is the leading product segment of the global Oxygen Scavenger Masterbatch This segment is projected to register the fastest growth with the highest CAGR during the forecast period due to rising research and development activities being carried out across the world for enhancing product performance
The inorganic oxygen scavenger masterbatch segment has shown a substantial share of the overall market in 2018 and is expected to maintain the position during the forecast period
The flexible packaging application of oxygen scavenger masterbatch accounted for the most significant market share in 2018. It is projected to maintain its lead with a significant CAGR during the forecast period
The meat, poultry & fish end-use segment is the fastest-growing segment, registering the highest CAGR which held the chief position followed by the snacks & confectionaries segment in the oxygen scavenger masterbatch market
The North America region accounted for the most significant market share in 2018. This region is proposed to remain the dominant regional segment during 2019-2026. The U.S. country is the fastest-growing economy, which is projected to drive the global oxygen Scavenger Masterbatch market.
Both Europe and Asia-Pacific regions are forecasted to show significant growth over the coming years
Key participants include 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, and Berry Global, Inc.
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The report further segments the market on the basis of product types and application spectrum offered by the market.
Product (Revenue, USD Million; Volume in Kilo Tons, 2016–2026)
Organic Oxygen Scavenger Masterbatch
Inorganic Oxygen Scavenger Masterbatch
Application (Revenue, USD Million; Volume in Kilo Tons, 2016–2026)
Flexible Packaging
Rigid Packaging
End-Use (Revenue, USD Million; Volume in Kilo Tons, 2016–2026)
Meat, Poultry & Fish
Snacks & Confectionaries
Fruits & Vegetables
Dairy Products
Alcoholic Beverages
Others
Regional Outlook (Revenue in USD Billion; 2017–2026)
North America
Europe
Asia Pacific
Latin America
Middle East & Africa
TOC -
Chapter 1. Market Synopsis
1.1. Market Definition
1.2. Research Scope & Premise
1.3. Research Methodology
1.4. Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2018 – 2026
Chapter 3. Indicative Metrics
3.1. Recent developments in Masterbatch market
3.2. Research & development outlook in Oxygen Scavengers
Chapter 4. Oxygen Scavenger Masterbatch Segmentation & Impact Analysis
4.1. Oxygen Scavenger Masterbatch Segmentation Analysis
4.2. Industrial Outlook
…………….
Chapter 9. Competitive Landscape
9.1. Market Revenue Share by Manufacturers
9.2. Regional Production Capabilities
9.3. Mergers & Acquisitions
9.4. Strategy Benchmarking
9.5. Vendor Landscape
Chapter 10. Company Profiles
10.1. Clariant AG
10.1.1. Company Overview
10.1.2. Financial Performance
10.1.3. SWOT Analysis
10.1.4. Product Insights
10.1.5. Product Performance Benchmarking
10.1.6. Strategic Initiatives
10.2. Albis Plastic GmbH
10.2.1. Company Overview
10.2.2. Financial Performance
10.2.3. SWOT Analysis
10.2.4. Product Insights
10.2.5. Product Performance Benchmarking
10.2.6. Strategic Initiatives
10.3. Henkel AG & Co. KGaA
10.3.1. Company Overview
10.3.2. Financial Performance
10.3.3. SWOT Analysis
10.3.4. Product Insights
10.3.5. Product Performance Benchmarking
10.3.6. Strategic Initiatives
10.4. Gabriel-Chemie Gesellschaft GmbH
10.4.1. Company Overview
10.4.2. Financial Performance
10.4.3. SWOT Analysis
10.4.4. Product Insights
10.4.5. Product Performance Benchmarking
10.4.6. Strategic Initiatives
10.5. NanoBioMatters Industries S.L
10.5.1. Company Overview
10.5.2. Financial Performance
10.5.3. SWOT Analysis
10.5.4. Product Insights
10.5.5. Product Performance Benchmarking
10.5.6. Strategic Initiatives
Continued……….
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The report is a qualitative and quantitative research study that offers key insights into the latest strategic steps and tactics undertaken by the industry players to gain a robust footing in the market. The report further offers strategic recommendations to the new and emerging players and established companies to help them overcome the barriers of the industry. The report also covers a comprehensive SWOT analysis and Porter's Five Forces analysis to offer a better understanding of the Oxygen Scavenger Masterbatch market and its competitive landscape.
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