Selbyville, Delaware, Sept. 16, 2019 (GLOBE NEWSWIRE) --
The oxygen scavengers market growth will be driven by rising demand from food & beverage packaging industry. The presence of oxygen can lead to detrimental effects on various foods & beverage items. It can cause alteration in flavor and aroma, loss of nutrition, changes in texture, lipid oxidation, and microbial spoilage. Hence, oxygen scavenger play a pivotal role in increasing the lifespan of these products while ensuring safety.
Due to busy lifestyles and increasing disposable income levels, people are opting for packaged foods rather than conventional cooked meals. This will generate more demand for the product in upcoming years. Moreover, favorable trends associated with food & beverage packaging industry are likely to augment the oxygen scavengers market revenue during the forecast time span.
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In pharmaceutical industry, oxidative degradation is one of the alarming issues faced by many medicine manufacturers. The product stops the oxygen permeation through packaging and maintains efficacy of pharmaceutical products for a longer period of time. In addition, it aids in cost optimization during drug manufacturing and distribution. Increasing R&D activities supported by huge financial investments will accelerate the pace of pharmaceutical packaging sector in near future. These aforementioned trends are likely to boost the oxygen scavengers market value between the forecast period.
Oxygen scavengers market is classified on the basis of composition, form and end-user. Inorganic segment will capture significant volume share as they are more popular than organic products. OS films & PET bottles will grow at a CAGR over 4.5% during the forecast time span. Liquid form will clutch a fair share in the market, accounting for a little less than USD 500 million by 2025. They are extensively used for boiler feed water treatment processes in various end-user industries and are more cost effective than oxygen scavenger powders.
Browse key industry insights spread across 180 pages with 231 market data tables & 27 figures & charts from the report, “Oxygen Scavengers Market By Composition (Organic, Inorganic), Form (Sachets/Canisters/Bottle Caps & Labels, OS Films & PET Bottles, Liquid, Powder), End-user (Food & Beverage, Pharmaceutical, Oil & Gas, Power Generation), Regional Outlook, Price Trends, Competitive Market Share & Forecast 2025” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/oxygen-scavengers-market
Food & beverage end-use sector for the market will grow with a CAGR over 4.5% as the product is used for active packaging of different food and drinks, which helps in increasing their shelf life and preserving nutritional value.
Asia Pacific will be one of the key regions in the oxygen scavengers market. The regional market exhibits promising trends in future due to presence of a large number of end-user industries. Additionally, increasing demand from food & beverage and pharmaceutical packaging sectors will support the market growth. Europe will grow at a CAGR more than 3.5% by 2025 due to favorable trends associated with pharmaceutical packaging industry.
Ecolab Inc., SUEZ Water Technologies & Solutions, Clariant AG, Angus Chemical Company, Mitsubishi Gas Chemical Company, Veolia Water Technologies, Desiccare, Inc. and Arkema are some of the major manufacturers in the oxygen scavengers market.
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