Oxygen Scavenger Masterbatch Market for Food Packaging application to hit $25mn by 2025: Global Market Insights, Inc. – Yahoo Finance

Oxygen scavenger masterbatch market from snacks & confectionaries packaging end-user segment is projected to hold 20% share by 2025 as the presence of oxygen inside the packaging can deteriorate the quality of the snacks and confectionaries.

Selbyville, Delaware, Aug. 20, 2019 (GLOBE NEWSWIRE) —

The oxygen scavenger masterbatch market for food packaging application is slated to reach USD 25 million by 2025, according to a 2019 Global Market Insights, Inc. report. Rising meat and dairy products demand across the world will drive the oxygen scavenger masterbatch market in the next few years. Growing concerns over the deterioration of these perishable food items due to the presence of oxygen is creating need for the specialty masterbatches in the food packaging industry. Major countries such as the U.S., Japan, China, Australia, Canada, South Korea, etc. have reported increase in the consumption of meat and dairy products over the past few years.

Another key growth enabling factor for the industry is rising active & intelligent packaging demand in the food & beverages industry. Globally active & intelligent packaging industry was valued at more than USD 4.5 billion in 2018 and will grow at a considerable rate in the near future. Changing lifestyles and consumer eating patterns, in both emerging and developed countries, will create the need for innovation in food & beverages packaging sector, which will enhance the oxygen scavenger masterbatch market share in next few years.

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Inorganic OSMBs are likely to have a substantial share of overall industry throughout the forecast time period. Among these, iron-based inorganic oxygen absorber masterbatch demand will grow at a compounded annual rate of more than 6% in the near future. Iron-based product segment is highly commercialized and can be used for both flexible and rigid packaging applications.

Rigid packaging will likely generate an oxygen scavenger masterbatch market revenue for food packaging application over USD 5.5 million by 2025, growing at a significant rate throughout the forecast time period. The product is extensively used in making rigid containers, lids, plastic bottles, side walls, etc. Changing consumer demand along with ongoing trends associated with the packaging of food & beverages items will be responsible for the segment’s growth in next few years.

Browse key industry insights spread across 195 pages with 288 market data tables & 24 figures & charts from the report, “Oxygen Scavenger Masterbatch Market Size For Food Packaging By Product (Organic, Inorganic [Iron-based]), Application (Flexible Packaging, Rigid Packaging), End-user (Meat, Poultry & Fish, Fruits & Vegetables, Dairy Products, Alcoholic Beverages, Snacks & Confectionaries), Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2019 – 2025” in detail along with the table of contents:

https://www.gminsights.com/industry-analysis/oxygen-scavenger-masterbatch-market

Snacks & confectionaries end-user segment will hold around 20% share of overall market throughout study period. Presence of oxygen inside the packaging can deteriorate the quality of the snacks and confectionaries. Rising consumption of the savory snacks and baked items across the developed countries will propel the oxygen scavenger additives demand in next few years.

European oxygen scavenger masterbatch market for food packaging application will reach to a value of more than USD 8 million by the end of the forecast time period. This is owing to growing consumption of alcoholic products, dairy products, and meat in Europe. Furthermore, stringent government regulations related to packaging materials used for food & beverages will also increase the demand for active & intelligent packaging in the near future.

Major industry players in the oxygen scavenger masterbatch market for food packaging application comprises of Albis Plastic, Clariant, Gabriel Chemie, Henkel, Tosaf and NanoBioMatters. These companies are strategically investing to expand the capacities for the active packaging and related products and are actively entering into partnerships with other players to offer significant competition in the market.