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998457

Global Oxygen Scavenger Market - 2020-2027

Published: | DataM Intelligence | 180 Pages | Delivery time: 2 business days

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Global Oxygen Scavenger Market - 2020-2027
Published: April 3, 2021
DataM Intelligence
Content info: 180 Pages
Delivery time: 2 business days
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  • Description
  • Table of Contents
Description

Market Overview

The global oxygen scavenger market size was worth USD XX billion in 2019 and is estimated to reach USD XX billion by 2027, growing at a CAGR of XX % during the forecast period (2020-2027).

Oxygen scavenger, also known as oxygen absorber is a combination of reactive compounds, used to reduce or remove oxygen, by combining one or more reactive compounds oxygen in an enclosed packaging or fluids. The purpose of an oxygen scavenger is to minimize the amount of oxygen available for deteriorative reactions, which leads to the reduced functionality of many types of products such as foods, pharmaceuticals, metals. Moreover, an oxygen scavenger is used as a corrosion inhibitor in applications like oil and gas production installations and seawater systems, thus increasing their service life.

Increasing demand for active packaging across various industries such as foods and pharmaceuticals to preserve the quality of products for a more extended period is expected to increase the market of oxygen scavengers.

Market Dynamics

Reducing food wastage and increased food security is expected to drive the market of oxygen scavenger.

As per the Food and Agriculture Organization of the United Nations, one-third of food produced for human consumption is wasted globally, which accounts for approximately 1.3 billion tons per year. Also, as per United Nations Environment Programme, in the United States, 30 percent of all food, worth US$48.3 billion, is thrown away each year, and United Kingdom households waste around 6.7 million tons of food every year. Hence, wastage of food is a primary concern in developed countries.

In this situation, oxygen scavenger has emerged as a boon for the food industry as it aids in maintaining freshness in packaged foods such as processed and dried meats, meals ready to eat (MRE's), packaged coffee and teas. Moreover, the shelf life of packaged foods can be increased by avoiding food degradation due to oxygen which can lead to the growth of microorganisms. Foods with unsaturated fats and oils also benefit due to their high susceptibility to oxidation.

Henceforth, reducing food wastage and food security is anticipated to drive the oxygen scavenger market since they are an actual product for preserving food to reduce food wastage.

Consumer objection over the insertion of a packet is expected to hinder the oxygen scavenger market

Consumer objection over a packet inserted inside the package that could become loose and rupture accidental cause ingestion by a child or pet leading to fatalities. However, the incorporation of scavengers in packaging films has resolved the problem. Scavengers may either be embedded into a solid, dispersed in the plastic, or introduced into various package layers, including adhesive, lacquer or enamel layers.

Segment Analysis

On the basis of end-user, the oxygen scavenger market is segmented into food & beverages, pharmaceuticals, power, chemicals, oil & gas, pulp& paper and others.

Food & beverages sector is expected to dominate the global oxygen scavenger market

Oxygen scavengers are used to maintain the biological efficacy of food products. They protect food products against oxygen deterioration, thus increasing shelf life, customer acceptability and food safety. Oxygen scavengers in packaging eliminate the need for preservatives, subsequently improving the product's quality. According to Wageningen Economic Research and United Nations Industrial Development Organization (UNIDO), Europe is the world's largest food & beverage industry, followed by China and the U.S. in turnover. As per the Economist Intelligence Unit, there will be an increase by 60% in global demand for food by 2050. With the increasing growth of the food & beverage industry, the development of oxygen scavengers will increase during the forecast period.

Geographical Analysis

North America is expected to be the largest market for oxygen scavengers

North America is the largest consumer of packaged food and pharmaceutical products. As per the Association for Packaging and Processing Technologies, the USA's beverage industry is expected to generate sales of 45.5 billion U.S. dollars by 2028. Moreover, a large industrial base and high disposable income and high standard of living of the region's population are expected to fuel the growth of the oxygen scavengers' market in North America.

Besides, the Asia-Pacific is witnessing strong growth, owing to the increasing demand from countries like India and China. The Chinese food and beverage industry is huge and plays a vital role in the country's economy. According to the Chain Store & Franchise Association, China's food and beverage sector reached around 595 billion dollars in 2019, a 7.8 percent increase over 2018. The industry is projected to register continuous growth due to the increasing population, more purchasing power, and growing attention on food safety and food quality.

Competitive Landscape

The oxygen scavenger market is moderately competitive with the presence of local as well as global companies. Some of the key players contributing to the growth of the market include Clariant Ltd., Mitsubishi Gas Chemical Company, BASF SE, Ecolab Inc., Kemira OYJ, Hydrite Chemical Co., Arkema Group, Accepta Ltd., Thermax Ltd, MCC Chemicals, Inc. among others. The major players are adopting several growth strategies such as product launches, acquisitions, and collaborations, contributing to the growth of the oxygen scavenger market globally.

Clariant

Overview: Clariant is the world's leading specialty chemical company, provides an innovative and sustainable solution for customers from many industries. Clariant reports in three business areas: Care Chemicals, Natural Resources and Catalysis.

Product Portfolio: The company provides products in six categories, namely, additives, catalysts, functional minerals, industrial and mineral specialties, oil & mining services and pigments.

Key Developments:

In 2019, Clariant had launched its fresh CESA protect brand oxygen scavenger additive, designed for polyester packaging. The product helps the company expand its presence to enhance its product portfolio in the market.

Why Purchase the Report?

  • Visualize the composition of the oxygen scavenger market segmentation by type, composition, form, end-user and region, highlighting the key commercial assets and players.
  • Identify commercial opportunities in the oxygen scavenger market by analyzing trends and co-development deals.
  • Excel data sheet with thousands of data points of oxygen scavenger market-level 4/5 segmentation.
  • PDF report with the most relevant analysis cogently put together after exhaustive qualitative interviews and in-depth market study.
  • Product mapping in excel for the key product of all major market players

The global oxygen scavenger market report would provide access to an approx: 69 market data table, 65 figures and 240 pages.

Target Audience

  • Service Providers/ Buyers
  • Industry Investors/Investment Bankers
  • Education & Research Institutes
  • Research Professionals
  • Emerging Companies
  • Manufacturers
Table of Contents

Table of Contents

1. Global Oxygen Scavenger Market Methodology and Scope

  • 1.1. Research Methodology
  • 1.2. Research Objective and Scope of the Report

2. Global Oxygen Scavenger Market - Market Definition and Overview

3. Global Oxygen Scavenger Market - Executive Summary

  • 3.1. Market Snippet by Type
  • 3.2. Market snippet by Composition
  • 3.3. Market Snippet by Form
  • 3.4. Market Snippet by End-User
  • 3.5. Market Snippet by Region

4. Global Oxygen Scavenger Market-Market Dynamics

  • 4.1. Market Impacting Factors
    • 4.1.1. Drivers
      • 4.1.1.1. Reducing food wastage and increased food security
    • 4.1.2. Restraints:
      • 4.1.2.1. Consumer objection over the insertion of a packet
    • 4.1.3. Opportunity
    • 4.1.4. Impact Analysis

5. Global Oxygen Scavenger Market - Industry Analysis

  • 5.1. Porter's Five Forces Analysis
  • 5.2. Supply Chain Analysis
  • 5.3. Pricing Analysis
  • 5.4. Regulatory Analysis

6. Global Oxygen Scavenger Market - COVID-19 Analysis

  • 6.1. Analysis of Covid-19 on the Market
    • 6.1.1. Before COVID-19 Market Scenario
    • 6.1.2. Present COVID-19 Market Scenario
    • 6.1.3. After COVID-19 or Future Scenario
  • 6.2. Pricing Dynamics Amid Covid-19
  • 6.3. Demand-Supply Spectrum
  • 6.4. Government Initiatives Related to the Market During Pandemic
  • 6.5. Manufacturers Strategic Initiatives
  • 6.6. Conclusion

7. Global Oxygen Scavenger Market - By Type

  • 7.1. Introduction
  • 7.2. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Type
  • 7.3. Market Attractiveness Index, By Type
    • 7.3.1. Metallic*
      • 7.3.1.1. Introduction
      • 7.3.1.2. Market Size Analysis, and Y-o-Y Growth Analysis (%)
    • 7.3.2. Non-Metallic

8. Global Oxygen Scavenger Market - By Composition

  • 8.1. Introduction
  • 8.2. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Composition
  • 8.3. Market Attractiveness Index, By Composition
    • 8.3.1. Organic*
      • 8.3.1.1. Introduction
      • 8.3.1.2. Market Size Analysis, and Y-o-Y Growth Analysis (%)
    • 8.3.2. Inorganic

9. Global Oxygen Scavenger Market - By Form

  • 9.1. Introduction
  • 9.2. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Form
  • 9.3. Market Attractiveness Index, By Form
    • 9.3.1. Sachets*
      • 9.3.1.1. Introduction
      • 9.3.1.2. Market Size Analysis, and Y-o-Y Growth Analysis (%)
    • 9.3.2. Plastic Films
    • 9.3.3. Labels
    • 9.3.4. Plastic Trays
    • 9.3.5. Bottle Crowns
    • 9.3.6. Others

10. Global Oxygen Scavenger Market - By End-User

  • 10.1. Introduction
  • 10.2. Market Size Analysis, and Y-o-Y Growth Analysis (%), By End-User
  • 10.3. Market Attractiveness Index, By End-User
    • 10.3.1. Food & Beverage*
      • 10.3.1.1. Introduction
      • 10.3.1.2. Market Size Analysis, and Y-o-Y Growth Analysis (%)
    • 10.3.2. Pharmaceuticals
    • 10.3.3. Power
    • 10.3.4. Oil & Gas
    • 10.3.5. Chemicals
    • 10.3.6. Pulp & Paper
    • 10.3.7. Others

11. Global Oxygen Scavenger Market - By Region

  • 11.1. Introduction
  • 11.2. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Region
  • 11.3. Market Attractiveness Index, By Region
  • 11.4. North America
    • 11.4.1. Introduction
    • 11.4.2. Key Region-Specific Dynamics
    • 11.4.3. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Type
    • 11.4.4. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Composition
    • 11.4.5. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Form
    • 11.4.6. Market Size Analysis, and Y-o-Y Growth Analysis (%), By End-User
    • 11.4.7. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Country
      • 11.4.7.1. U.S.
      • 11.4.7.2. Canada
      • 11.4.7.3. Mexico
  • 11.5. Europe
    • 11.5.1. Introduction
    • 11.5.2. Key Region-Specific Dynamics
    • 11.5.3. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Type
    • 11.5.4. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Composition
    • 11.5.5. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Form
    • 11.5.6. Market Size Analysis, and Y-o-Y Growth Analysis (%), By End-User
    • 11.5.7. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Country
      • 11.5.7.1. Germany
      • 11.5.7.2. U.K.
      • 11.5.7.3. France
      • 11.5.7.4. Italy
      • 11.5.7.5. Spain
      • 11.5.7.6. Rest of Europe
  • 11.6. South America
    • 11.6.1. Introduction
    • 11.6.2. Key Region-Specific Dynamics
    • 11.6.3. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Type
    • 11.6.4. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Composition
    • 11.6.5. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Form
    • 11.6.6. Market Size Analysis, and Y-o-Y Growth Analysis (%), By End-User
    • 11.6.7. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Country
      • 11.6.7.1. Brazil
      • 11.6.7.2. Argentina
      • 11.6.7.3. Rest of South America
  • 11.7. Asia Pacific
    • 11.7.1. Introduction
    • 11.7.2. Key Region-Specific Dynamics
    • 11.7.3. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Type
    • 11.7.4. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Composition
    • 11.7.5. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Form
    • 11.7.6. Market Size Analysis, and Y-o-Y Growth Analysis (%), By End-User
    • 11.7.7. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Country
      • 11.7.7.1. China
      • 11.7.7.2. India
      • 11.7.7.3. Japan
      • 11.7.7.4. Australia
      • 11.7.7.5. Rest of Asia Pacific
  • 11.8. Middle East and Africa
    • 11.8.1. Introduction
    • 11.8.2. Key Region-Specific Dynamics
    • 11.8.3. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Type
    • 11.8.4. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Composition
    • 11.8.5. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Form
    • 11.8.6. Market Size Analysis, and Y-o-Y Growth Analysis (%), By End-User

12. Global Oxygen Scavenger Market - Competitive Landscape

  • 12.1. Competitive Scenario
  • 12.2. Market Positioning/Share Analysis
  • 12.3. Mergers and Acquisitions Analysis

13. Global Oxygen Scavenger Market- Company Profiles

  • 13.1. Clariant Ltd.*
    • 13.1.1. Company Overview
    • 13.1.2. Product Portfolio and Description
    • 13.1.3. Key Highlights
    • 13.1.4. Financial Overview
  • 13.2. Mitsubishi Gas Chemical Company
  • 13.3. BASF SE
  • 13.4. Ecolab Inc.
  • 13.5. Kemira OYJ
  • 13.6. Hydrite Chemical Co.
  • 13.7. Arkema Group
  • 13.8. Accepta Ltd.
  • 13.9. Thermax Ltd
  • 13.10. MCC Chemicals, Inc.

LIST NOT EXHAUSTIVE

14. Global Oxygen Scavenger Market - Premium Insights

15. Global Oxygen Scavenger Market - DataM

  • 15.1. Appendix
  • 15.2. About Us and Services
  • 15.3. Contact Us