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Global Oxygen Scavenger Market Outlook - Trends, Industry Size, Scope, Size And Growth Report 2023-2032 | Mitsubishi Gas Chemical Company Inc., BASF SE, Clariant, Ecolab, Accepta Ltd
Oxygen Scavenger Market
The Business Research Company's Oxygen Scavenger Global Market Report 2023 identifies increase in demand from the food and beverage industry as the major driver for the Oxygen Scavenger market's growth in the forecast period. The food industry involves the production, processing, preparation, conversion, preservation, and packaging of foodstuffs. Oxygen scavengers are added to the foods and beverages to reduce or completely remove dissolved oxygen to extend shelf life and maintain the original food quality.
The global oxygen scavenger market size grew from $2.24 billion in 2022 to $2.45 billion in 2023 at a compound annual growth rate (CAGR) of 9.0%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of oxygen scavenger market is expected to grow to $3.16 billion in 2027 at a CAGR of 6.6%.
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Major competitors in the Oxygen Scavenger market are Mitsubishi Gas Chemical Company Inc., BASF SE, Clariant, Ecolab, Accepta Ltd.
A key trend in the Oxygen Scavenger market includes introduction of new oxygen scavenger additives for polyester packaging. Major companies operating in the oxygen scavenger market are focused on developing new additives for polyester packaging to meet consumer demand and reinforce their position. For instance, in April 2020, Avient Corporation, a US-based polymer materials manufacturing company, launched ColorMatrixTM AmosorbTM 4020G. This ColorMatrix is an oxygen scavenger for rigid polyethylene terephthalate (PET) packaging that is non-nylon-based and low-haze.
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The Oxygen Scavenger market is segmented -
1. By Type: Metallic, Non-Metallic
2. By Composition: Organic, Inorganic
3. By Form: Sachets, Canisters, Bottle Caps And Labels, OS Films And Pet Bottles, Liquid, Powder
4. By End-User Industry: Food And Beverage, Pharmaceutical, Power, Oil And gas, Chemical, Pulp And Paper
5. By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Oxygen Scavenger market.
The Business Research Company's "Global Oxygen Scavenger Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Oxygen Scavenger Market Include:
1. Executive Summary
2. Oxygen Scavenger Market Characteristics
3. Oxygen Scavenger Market Trends And Strategies
4. Oxygen Scavenger Market Market - Macro Economic Scenario
5. Oxygen Scavenger Market Size And Growth
……
26. Africa Oxygen Scavenger Market
27. Oxygen Scavenger Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Oxygen Scavenger Market
29. Oxygen Scavenger Market Future Outlook and Potential Analysis
30. Appendix
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