Press release
Oxygen Scavengers Market to grow at 4.5% CAGR over 2020-2025 | Key Players are Clariant, Henkel. KGaA, Sealed Air Corporation, Toyo Seikan, Arkema
Oxygen Scavengers Market
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The competitive analysis comprising numerous market players is a rather noteworthy feature of the oxygen scavenger market report, as it provides details about the direct and indirect competitors in the market. The report also provides the company profile of these market players inclusive of certain specifications, technologies, and their future development plans.
Rising need for food preservation and shelf life maintenance is likely to trigger the sales of oxygen scavengers within the forecast period. The popularity of product is rising rapidly owing to its astounding benefits, it provides protection from oxygen & moisture and minimizes the risk of microbiological contamination. The product aids in preserving the structure, taste and odor of food & beverages while avoiding wastage. Consumers are leaning towards ready to eat packaged foods due to time constraints and ease of convenience. Such trends will positively influence the consumption of packaged foods & beverages thereby propelling overall industry.
The oxygen scavengers market size is primarily driven by the increasing demand from food & beverage industry for packaging applications. Small traces of oxygen left in food packaging can nurture breeding grounds for microorganisms as they flourish in the presence of oxygen and keep feeding on the food items at the same time, leading toward food spoilage.
Asia Pacific will emerge as promising region for oxygen scavengers market growth owing to industrial revolution promoted by local governments. The product is deployed in large number of end-use industries. The surging demand from the proliferating food & beverage industry in particular, will drive the regional trends. Moreover, the presence of prominent pharmaceutical players will also support the market growth.
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North America will register around one-fourth of volume share at the end of 2025. The strong growth is primarily attributable to rapidly developing pharmaceutical sector. Research and development activities coupled with huge government spending will boost pharmaceutical production in upcoming years. It will assist in the growth of regional market as they are widely used for packaging of tablets and capsules.
The regional segmentation covers:
o Europe Region (Germany, UK, France, Russia, Italy, Rest of Europe)
o North America Region (U.S., Canada, Mexico)
o South America Region (Argentina, Brazil, Columbia, Rest of South America)
o Asia-Pacific Region (China, South Korea, Japan, Southeast Asia, India, Rest of Asia-Pacific)
o The Middle East & Africa Region (UAE, Saudi Arabia, Nigeria, South Africa, Egypt, Rest of MEA)
Oxygen scavenger market is segmented on the basis of composition, form and end-user. Organic segment will clutch over 35% volume share by 2025. Innovation trends are likely to drive the growth of this segment in upcoming years.
Food & beverage and pharmaceutical sectors exhibit promising future trends due to rising popularity of active packaging. Power generation will grow over a 3.5% CAGR between 2019 to 2025.
The key manufacturers in the global market are Mitsubishi Gas Chemical Company, Inc., Henkel AG & Co. KGaA, SUEZ Water Technologies & Solutions, Arkema, Sealed Air Corporation, Solenis LLC, etc.
Decresearch declares the publication of its latest research report, with the title 'Global Oxygen Scavenger Market'. This report sheds light on the analysis of the industry challenges, growth opportunities, industry threats, as well as strengths. Also, the weaknesses prevalent across the industry scenario and the restraining factors of the market are also provided.
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The oxygen scavenger market research study provides a detailed survey of the vital players - this is based on the financial highlights, company outline, SWOT Analysis, Product Portfolio, as well as major strategies and the expansion plans of industry contenders. This report is also anticipated to reflect consistent growth in years to come, since consumers are now being rather aware of product quality. This market analysis of an industry is a crucial factor that numerous stakeholders such as investors, traders, CEOs, suppliers, and more, need to be aware of.
Main Features of the Global Market Research Report:
The report delivers the market valuation as well as the projected growth rate of the market spanning all years till 2025.
-The report also describes the major drivers of the market by considering as well as taking calculated risks, in tandem with identifying and testing new strategies.
-The research report endorses a detailed industry chain analysis. Also, it covers the production process of the market, upstream raw material supplier information, raw material costs, labor costs, manufacturing costs, marketing channels, as well as the downstream buyers of the market.
-The report provides detailed knowledge about the competitive scenario of the global market and also discusses the numerous marketing strategies adopted by companies to stay ahead in the competition.
-The report analyses the various market segments and also provides their contribution to the development of the global industry.
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Decresearch, 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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