Global Oxygen Scavenger Market Trends 2021 | Segmentation, Outlook, Industry Report to 2027

The global oxygen scavenger market is anticipated to grow at a CAGR of around 4.6% during the forecast period (2021-2027). The oxygen scavenger is a material or combination of reactive compounds incorporated into a package structure that may combine with oxygen and effectively remove the oxygen from the inner package environment. The factors that are driving the growth of the global oxygen scavenger market include the rising demand for good and quality packaged food, and growing concern over wastage of food due to deterioration, across the globe. The increasing consumption of packed foods creates the demand for oxygen scavengers to protect them from microorganism to maintains the quality and freshness of food products and to increase food product’s shelf life. The consumption of packaged food is higher in America, 80% of Americans' total calorie consumption comes from packaged foods and beverages. According to the New York Times report, Americans eat 31.0% more packaged food than fresh food, and they consume more packaged food per person than their counterparts in nearly all other countries.

To learn more about this report request a free sample copy @ https://www.omrglobal.com/request-sample/oxygen-scavenger-market

Moreover, the introduction of advanced oxygen scavenger products by the market players further creates ample opportunity for the market in the near future. For instance, in April 2020, PolyOne, a provider of specialized polymer materials and services had launched ColorMatrix Amosorb 4020G, a low-haze oxygen scavenger for polyethylene terephthalate (PET) rigid packaging. The product aids to reduce the impact on recycled PET (rPET), as it minimizes yellowing by 50% at the time of the mechanical recycling process. However, the rising use of oxygen scavengers in various applications such as oil & gas, pharmaceuticals, chemicals, among others will further increase the demand, that will drive the market. Further, the technical issues related to the handling of these products is something that hampers the market growth.

Browse for Full Report Description@ https://www.omrglobal.com/industry-reports/oxygen-scavenger-market

Global Oxygen Scavenger Market Report Segment
By Type
• Metallic
• Non-Metallic

By End-User
• Food Packaging
• Pharmaceuticals
• Industrial/Metal
• Chemicals
• Others (Microbiology)

Global Oxygen Scavenger Market Report Segment by Region
North America
• United States
• Canada
Europe
• Germany
• United Kingdom
• France
• Spain
• Italy
• Rest of Europe
Asia-Pacific
• China
• Japan
• India
• Rest of Asia-Pacific
Rest of the World

Company Profiles
• BASF SE
• Accepta Group
• Arkema
• Bio-Source, Inc.
• Chardon Laboratories, Inc.
• Chemco Industries, Inc.
• Clariant International Ltd.
• Conventya Inc.
• Eastman Chemical Co.
• Ecolab Inc.
• IMPAK Corp.

For More Customized Data, Request for Report Customization @ https://www.omrglobal.com/report-customization/oxygen-scavenger-market

Media Contact:
Company name: Orion Market Research
Contact person: Mr. Anurag Tiwari
Email: info@orionmarketreports.com
Contact no: +91 780-304-0404

About Orion Market Research
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services.

This release was published on openPR.