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Oxygen Scavengers Industry Trend and Global Foresight to 2025

Increasing demand for fresh, healthy, and quality packaged food is likely to propel market growth. The oxygen absorption properties offered by scavengers help in retaining the quality of various consumable products.

The Global Oxygen Scavengers Market size is expected to be worth USD 2.67 billion by 2025, according to a new report by Grand View Research, Inc.

The demand for oxygen scavengers in food and beverage industry is witnessing a rise as they provide protection from various microorganisms, spoilage, color & nutrient loss, and rancidity of food. Food products, such as vegetables, fruits, dairy products, and processed foods, are perishable in nature and require protection from atmospheric oxygen. Other food products such as nuts, bakery items, and several beverages also require protection to extend their shelf life and reduce food wastage.

Additionally, augmenting demand from chemical and pharmaceutical industries is anticipated to accelerate the market growth.  Rising research & development activities and various government regulations are likely to trigger the production, thereby driving the market demand. Due to the expanding uses of oxygen scavengers, a large number of manufacturers are inclined toward the market for the development of less toxic scavengers in an attempt to stay competitive.

Metallic oxygen scavengers accounted for 63% of the global market in 2016. The demand can be attributed to the widespread use, fast reaction, better quality, and cost-effectiveness of these scavengers. Non-metallic scavengers are likely to be used where metal detection poses a problem.

To Know More About Oxygen Scavengers Market Please Visit Us @ https://www.grandviewresearch.com/industry-analysis/oxygen-scavengers-market

The scavengers are used for dietary products that require the avoidance of contact with iron. The technological advancements in the market to develop advanced packaging solutions are likely to fuel the market dessmand over the forecast period.

Top Players of Oxygen Scavengers Market:

Key market players include BASF SE; Baker Hughes; Innospec Inc; Arkema Group; Accepta Ltd.; Clariant International Ltd.; Eastman Chemical Company; Sealed Air Corporation; PolyOne Corporation; Kemira OYJ; Mitsubishi Chemical Corporation; and Plastichem (PTY) LTD.

Market Segmentation of Oxygen Scavengers Market:

The Global Oxygen Scavengers Market segmented on the basis of Type, End Use, and Region.

By Type:

    Metallic
    Non-metallic

By End-Use:

    Food & Beverage
    Pharmaceuticals
    Chemicals
    Oil & Gas

By Region:

    North America
    Europe
    Asia Pacific
    South & Central America
    The Middle East and Africa

Inquire about Oxygen Scavengers Market with Our Experts @ https://www.grandviewresearch.com/inquiry/4837
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