Global Oxygen Scavengers Market size was valued US$ XX Mn in 2019 and the total revenue is expected to grow at 6.83 % through 2020 to 2027, reaching US$ XX Mn. The report has covered Country market trends with a competitive landscape.
Key players of Oxygen Scavengers Market are Mitsubishi Gas Chemical Company. Ecolab Inc. BASF SE, Clariant AG, Arkema Group, Kemira OYJ, Sealed Air Corporation, Baker Hughes Incorporated, Solenis LLC, Aditya Birla Chemicals, Accepta Ltd, Solvay America Inc., SUEZ Water Technologies & Solutions, Henkel AG & Co. KGaA, Multisorb Technologies Inc., Toyo Seikan Co. Ltd., Desiccare, Inc. Angus Chemical Company, Tetra Technologies, Inc., Veolia Water Technologies, Innospec Inc.
The rising demand for fresh & quality packaged food among the customers all over the world is anticipated to boost the market demand during the forecast period. Growing concerns about food wastage & safety concerns through the globe are expected to emerge as key drivers.
The demand for oxygen scavengers has observed great growth due to their oxygen absorption ability, which avoids the spoilage of food items & extra consumables. Customers today demand ready-to-eat food items that can be stored for a longer period of time. Increasing demand for dynamic packaging techniques that protect the food from bacteria & help in retaining the nutrient value, especially in North America & Asia Pacific is estimated to positively impact the market.
Metallic oxygen scavengers currently control the market & the segment is anticipated to account for a major share during the forecast period due to better efficiency in providing extended shelf life to goods in comparison to non-metallic absorbers. Innovative packaging includes the use of oxygen absorbers to extend the shelf life of unpreserved items like fruits, vegetables, beverages, processed food, nuts, & bakery items, which, in turn, is anticipated to increase the market growth. The rising acceptance of oxygen scavengers owing to their inherent distinct advantages is likely to boost the demand during the forecast period.
Key players in the industry are continuously striving toward high-tech advancements in an attempt to produce quality products & increase productivity. The growing use of oxygen scavengers in the food & beverage industry is estimated to further boost their demand. In addition, companies are required to conform too many standards & regulations set by authorities in many regions. However, there are few health hazards related to the usage of oxygen scavengers. Improved exposure or the consumption content of raw materials like hydrazine, carbon may pose risk to human health. In addition, it is likely to cause irritation in the throat, & nose, Therefore, safety measures & protections must be taken with respects to their packaging & instructions of usage
Maximize Market Research, a global market research firm with a dedicated team of specialists and data has carried out extensive research about Global Oxygen Scavengers Market. The report encompasses the market by different segments, providing an in-depth analysis of the overall industry ecosystem, useful for making an informed strategic decision by the key stakeholders in the industry. Importantly, the report delivers forecasts and share of the market, further giving an insight into the market dynamics and future opportunities that might exist in Global Oxygen Scavengers Market. The driving forces, as well as considerable restraints, have been explained in depth. In addition to this, competitive landscape describing the strategic growth of the competitors has been taken into consideration for enhancing market know-how of our clients and at the same time explain Global Oxygen Scavengers Market positioning of competitors.
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