Market Research Report
Oxygen Scavengers Market Size By Composition, By Form, By End-user, Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2019 - 2025
|Oxygen Scavengers Market Size By Composition, By Form, By End-user, Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2019 - 2025|
Published: September 9, 2019
Global Market Insights Inc.
Content info: 180 Pages
Delivery time: 2-3 business days
Oxygen Scavengers Market Size By Composition (Organic, Inorganic), By Form (Sachets/Canisters/Bottle Caps & Labels, OS Films & PET Bottles, Liquid, Powder), By End-user (Food & Beverage, Pharmaceutical, Oil & Gas, Power Generation), Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, France, Italy, Spain, Russia, China, India, Japan, Australia, Malaysia, Indonesia, South Korea, Brazil, Mexico, South Africa, Saudi Arabia, UAE, Kuwait), Growth Potential, Price Trends, Competitive Market Share & Forecast, 2019 - 2025.
Oxygen Scavenger Market is likely to surpass USD 3 billion by 2025 with a CAGR of 4.8%.
Rising need for food preservation and shelf life maintenance is likely to trigger the sales of oxygen scavengers within the forecast period. The popularity of product is rising rapidly owing to its astounding benefits, it provides protection from oxygen & moisture and minimizes the risk of microbiological contamination. The product aids in preserving the structure, taste and odor of food & beverages while avoiding wastage. Consumers are leaning towards ready to eat packaged foods due to time constraints and ease of convenience. Such trends will positively influence the consumption of packaged foods & beverages thereby propelling overall industry.
In industrial boilers, maintaining optimum boiler efficiency is of crucial importance. Dissolved oxygen in feed water creates serious issues by damaging boiler components and generating unnecessary breakdowns. If left uncontrolled, oxygen causes pitting of metal leading to rust formation. Hence, use of oxygen scavengers is necessary along with deaerators to maintain desired operational efficiency. Rapid industrialization and growth of manufacturing sector will facilitate the growth of boiler industry. Emphasis on reducing repair & maintenance costs and enhancing productivity will compel industrial manufacturers to opt for the product. These aforementioned trends will boost the consumption of the product during the forecast time period.
Risk of possible rupture of oxygen scavenging sachets and accidental ingestion of oxygen scavenging materials along with food may affect consumer popularity in near future. In addition, some of the oxygen absorbers used for boiler feed treatment are harmful. This in turn may hinder the oxygen scavenger market between 2019 to 2025.
Oxygen scavenger market is segmented on the basis of composition, form and end-user. Organic segment will clutch over 35% volume share by 2025. Innovation trends are likely to drive the growth of this segment in upcoming years.
Sachets, canisters bottle caps & labels will grow at a CAGR over 5.0% at the end of forecast period. Ease of usability and superior oxygen reducing performance will bolster the growth of oxygen scavenging sachets & labels. Powder segment will capture more than USD 800 million by 2025 owing to wide range of applications in boiler industry for water treatment.
Food & beverage and pharmaceutical sectors exhibit promising future trends due to rising popularity of active packaging. Power generation will grow over a 3.5% CAGR between 2019 to 2025.
North America will register around one-fourth of volume share at the end of 2025. The strong growth is primarily attributable to rapidly developing pharmaceutical sector. Research and development activities coupled with huge government spending will boost pharmaceutical production in upcoming years. It will assist in the growth of regional market as they are widely used for packaging of tablets and capsules.
The key manufacturers in the global market are Mitsubishi Gas Chemical Company, Inc., Henkel AG & Co. KGaA, SUEZ Water Technologies & Solutions, Arkema, Sealed Air Corporation, Solenis LLC, etc.
Oxygen scavengers market research report includes in-depth coverage of the industry with estimates & forecast in terms of volume in kilo tons and revenue in USD million from 2014 to 2025, for the following segments:
Oxygen Scavenger Market by Composition
Oxygen Scavenger Market by Form
Sachets, canisters, bottle caps & labels
OS films & PET bottles
Oxygen Scavenger Market by End-user
Food & beverage
Oil & gas
The above information is provided on a regional and country basis for the following: