Oxygen Scavenger Market Scope
Oxygen scavengers is also known as oxygen absorbers, this is basically added to enclosed packaging so that it will help remove or decrease the level of oxygen in the package. They are mostly used to help extend shelf life and maintain product safety. For covering a wide array of applications, there are almost many types of oxygen absorbers available. The components present in the oxygen absorber vary according to the water activity of the product being preserved, the intended use, and the other factors. Often the oxygen scavenger or absorber is enclosed in a porous packet or sachet but it can also be part of packaging structures and films. Others are the part of a polymer structure.
According to AMA, the Global Oxygen Scavenger market is expected to see growth rate of 5.3% and may see market size of USD2.6 Billion by 2026.
Research Analyst at AMA estimates that United States Vendors will contribute to the maximum growth of Global Oxygen Scavenger market throughout the predicted period.
Mitsubishi Gas Chemical Company (Japan), BASF SE (Germany), Ecolab Inc. (United States), Clariant Ltd. (Switzerland), Kemira OYJ (Finland), Baker Hughes (United Kingdom), Innospec Inc. (United States), Arkema Group (France), Accepta Ltd. (United Kingdom) and Eastman Chemical Company (United States) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research are Sealed Air Corporation (United States), PolyOne Corporation (United States) and Plastichem (PTY) LTD (South Africa).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from total available market.
Segmentation Overview
The study have segmented the market of Global Oxygen Scavenger market by Type (Metallic and Non-metallic), by Application (Food & Beverage, Pharmaceuticals, Chemicals, Oil & Gas and Others) and Region with country level break-up.
On the basis of geography, the market of Oxygen Scavenger has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Mitsubishi Gas Chemical Company developed new active packaging technologies for pharmaceutical products. The new technology is used to prolong shelf life and maintain the quality of pharmaceuticals. The technology development helped the company to widen its product offering in the oxygen scavengers market.
Market Trend
- Growing Consumer Concern Over Food Wastage Reduction and Demand for Advanced Packaging
Market Drivers
- Increasing Demand for Fresh and Quality Packaged Food
- Increasing Concerns Regarding Safety Issues
Opportunities
- Growing Demand for Packaged Food and Increasing Disposable Incomes in Emerging Economies
Restraints
- Non-Volatile Nature of Oxygen Scavengers
Challenges
- Requirement of Technical Expertise for Handling Certain Oxygen Scavengers
Key Target Audience
Oxygen Scavenger Manufacturers, Oxygen Scavenger Traders, Distributors, and Suppliers, Raw Material Suppliers, Governments and Research Organizations, Associations and Industrial Bodies, R&D Institutions and Environment Support Agencies