Oxygen Scavengers Market by Component, Application, Services, and Region- Forecast to 2027
The Oxygen Scavengers market is expected to grow from USD 1.3 billion in 2019 to USD 1.9 billion by 2027, at a CAGR of 7.9% during the forecast period.
The Global Oxygen Scavengers Market Research Report 2021-2027 is a significant source of keen information for business specialist. A report published by Market Insights Reports is an overall investigation and thorough information in regards to the market size and market elements of the Oxygen Scavengers. It furnishes the business outline with development, historical and futuristic cost analysis, income, demand, and supply information (upcoming identifiers). The research analysts give a detailed depiction of the worth chain and its wholesaler examination. The Oxygen Scavengers market study gives extensive information which upgrades the agreement, degree, and use of this report. This is a latest report, covering the COVID-19 impact on the market.
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Top Companies in the Global Oxygen Scavengers Market are – Mitsubishi Gas Chemical, BASF, Ecolab, Clariant International, Kemira, Arkema, GE(Baker Hughes), Sealed Air, Solenis, Suez Water,
Driver: Increasing demand for fresh and quality packaged food
Oxygen scavengers absorb trapped oxygen present inside sealed packaging. Generally, during packaging, these scavengers are used to prevent spoilage, mold growth, color change, rancidity, loss of nutritional values, and loss of overall product quality. These scavengers maintain the original food quality and extend the shelf life of the product. Oxygen scavengers prevent the growth of aerobic pathogens and food spoilage organisms, degradation and rancidity of polyunsaturated fats and oils, oxidation of vitamins A, C, and E, and delay non-enzymatic browning fruits and some vegetables. The use of oxygen scavengers makes products healthier. These factors are driving the growth of the market for oxygen scavengers globally.
Opportunity: Growing demand for packaged food and increasing disposable incomes in emerging economies
Oxygen scavengers are widely used in food & beverage and pharmaceutical packaging to reduce oxygen in the package. Oxygen scavengers maintain freshly prepared food’s flavor, color, fragrance, and nutrition and extend products’ shelf life. Consumers are increasingly opting for more packaged food owing to changing lifestyles, rising disposable incomes, and overall convenience associated with packaged products. Factors such as an increase in working population, married couples with double income, professionals staying away from home, work from home initiatives, and a rise in nuclear families are boosting the demand for packaged food, which in turn is fuelling the demand for oxygen scavengers.
Oxygen Scavengers Market Segmentation:
This report fragments the Global Oxygen Scavengers Market based on Types are-
Metallic Oxygen Scavengers
Non-metallic Oxygen Scavengers
Based on Application, the Global Oxygen Scavengers Market are divided into-
Food & Beverage
Oil & Gas
Pulp & Paper
Prime Takeaways on Oxygen Scavengers Market Report:
- Value chain analysis, which is combined with competitive landscape of key players of the Oxygen Scavengers market.
- Market size and forecast of the Oxygen Scavengers market for the period from 2021 to 2027.
- Global presence of the market, market dynamics and evaluation by upstream and downstream of raw materials.
- CAGR% for individual segments in various regional markets for a period from 2021 to 2027.
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Geographic Coverage of Oxygen Scavengers Market Report-
The Oxygen Scavengers report contains detailed country-level analysis, market revenue, market value and forecast analysis of Oxygen Scavengers Market (2016-2027) of these regions are covered:
- North America (the United States, Canada, and Mexico)
- Europe (Germany, France, UK, Russia, and Italy)
- Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
- South America (Brazil, Argentina, etc.)
- Middle East & Africa (Saudi Arabia, Egypt, Nigeria, and South Africa)
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