Based on the latest analysis from Reports and Data, the global Oxygen Scavenger Masterbatch market demonstrated a valuation of USD 21.1 Million in 2020. It is projected to reach USD 36.8 Million by 2028, exhibiting a Compound Annual Growth Rate (CAGR) of 7.3%. Oxygen Scavenger Masterbatch is an additive used in packaging to reduce the oxygen content in plastics, effectively preserving perishable goods. It finds application in active packaging, absorbing oxygen from the food packaging environment and extending the shelf life of various items such as processed meats, pet snacks, coffee powders, dried meats, and ready-to-eat meals. The rising demand for meat and dairy products worldwide is expected to drive the demand for oxygen scavenger masterbatch by 2025, as the presence of oxygen negatively impacts the shelf life of packaged food. Furthermore, technological innovation in the food and beverage packaging industry, including active and intelligent packaging solutions, is contributing to the market growth. Changing consumer preferences for packaged food, along with the demand for tamper-proof, portable, and resealable packaging, will positively influence the demand for oxygen scavenger masterbatch by 2026. North America dominated the market in 2018 due to factors such as increased disposable income, evolving lifestyles, and a rise in nutritional product consumption. However, the high costs associated with the product may hinder market growth. The report identifies organic oxygen absorber masterbatch as the leading product segment, anticipated to exhibit the fastest growth during the forecast period due to ongoing research and development activities. The inorganic oxygen scavenger masterbatch segment is expected to maintain a significant market share. In terms of applications, flexible packaging holds the largest market share and is projected to maintain its dominance. The meat, poultry, and fish segment is the fastest-growing end-use segment, followed by snacks and confectionaries. North America is predicted to remain the dominant regional segment, while Europe and Asia-Pacific are expected to witness substantial growth. Key players in the market include Clariant AG, Albis Plastic GmbH, Henkel AG & Co., KGaA, Gabriel-Chemie Gesellschaft GmbH, NanoBioMatters Industries S.L, Tosaf Inc., PolyOne Corporation, Mitsubishi Gas Chemical Company, Inc., CSP Technologies, Inc., Sealed Air Corporation, Mondi Plc, and Berry Global, Inc. The market is segmented based on product, application, end-use, and region.

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Oxygen Scavenger Masterbatch Market: Drive factors

Factors driving the Oxygen Scavenger Masterbatch market include:

1.      Increasing demand for meat and dairy products: The growing global consumption of meat and dairy products is a significant driver for the Oxygen Scavenger Masterbatch market. Oxygen scavenger masterbatch helps extend the shelf life of packaged meat, poultry, fish, dairy products, and other perishable food items, thereby meeting the demand for longer product preservation.

2.      Need for extended shelf life and freshness: Oxygen scavenger masterbatch plays a crucial role in maintaining the freshness, taste, and color of packaged foods. By significantly reducing the oxygen content in plastic packaging, it helps prevent the negative effects of oxygen on the quality and shelf life of food products, satisfying consumer expectations for longer-lasting freshness.

3.      Technological innovation in food packaging: The ongoing technological advancements in the food and beverage packaging sector, particularly in active and intelligent packaging solutions, are driving the demand for Oxygen Scavenger Masterbatch. Incorporating oxygen absorber additives in packaging helps remove oxygen and enhances the shelf life and quality of food items. This trend aligns with changing consumer buying behavior, increased demand for tamper-proof packaging, and the need for portable and resealable packaging options.

4.      Market segmentation and product innovation: The market segmentation of Oxygen Scavenger Masterbatch into organic and inorganic variants provides opportunities for product differentiation and innovation. Ongoing research and development activities to enhance the performance of organic oxygen absorber masterbatch contribute to its leading position in the market. The introduction of novel products and application-specific solutions further drives market growth.

Overall, the demand for Oxygen Scavenger Masterbatch is driven by the need for improved food preservation, technological advancements in packaging, regional market dynamics, and segmentation-based product innovation.

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