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Oxygen Scavenger Masterbatch Market growth is driven by rising demand for active & intelligent packaging
Oxygen Scavenger Masterbatch Market
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Owing to the highly consumable food items, meat and dairy products require proper packaging to eliminate the deterioration of food quality. The integration of oxygen scavengers while packing these food items reduces the risk of food quality deterioration, and thereby increases the shelf life.
The rising trend of active & intelligent packaging for the food and beverages industry will influence the oxygen scavenger masterbatch market growth.
Company profiled in the oxygen scavenger masterbatch industry report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
1. Oxygen scavenging masterbatch (OSMB) suppliers
2. Clariant AG
3. Albis Plastic GmbH
4. Henkel AG & Co.
5. KGaA
6. Gabriel-Chemie Gesellschaft GmbH
7. NanoBioMatters
8. Tosaf Inc.
9. Polyone
10. Oxygen scavenging packaging material suppliers
11. Mitsubishi Gas Chemical Company, Inc.
12. CSP Technologies, Inc.
13. Sealed Air Corporation
14. Mondi Plc
15. Berry Global, Inc.
The oxygen scavenger masterbatch market in active & intelligent packaging industry valued USD 4.5 billion in 2018 and is anticipated to register considerable growth rate over 2019-2025 Change in consumer lifestyles and eating habits within both emerging and developed countries will necessitate innovative packaging demand for food & beverages sector.
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Rigid packaging application segment of the oxygen scavenger masterbatch market size for food packaging is expected to generate a revenue of over USD 5.5 million by 2025. Most of the food items demand rigid packaging. The extensive product application in making rigid plastic bottles, containers, lids, etc. will enhance the application trends over the years ahead.
Over the last few years many European countries have implemented rules and regulation regarding the use of packaging materials in F&B sector. In order to comply with these norms, F&B companies have been fueling demand for intelligent and active packaging on a large scale. Moreover, increasing consumption of alcohol, dairy products and meat in the region will foster the demand for oxygen scavenger masterbatch market.
As per analysis, owing to the surging product consumption, Europe oxygen scavenger masterbatch market for food packaging will generate revenue of more than USD 8 million by 2025.
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Global Market Insights, Inc.
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Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider, offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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