- Report ID: BMRC 783 | Number of pages: 200 | Publish Date: Feb 2020
Status: Published | Category: Chemical And Materials | Delivery Timeline:
Oxygen Scavengers Market applies the most effective of each primary and secondary analysis to weighs upon the competitive landscape and also the outstanding market players expected to dominate Oxygen Scavengers Market place for the forecast 2020– 2025.
Food packing industry is predicted to power the requirement for the oxygen scavenger market. Different trends are predicted to power the growth for oxygen scavengers market.
Also dubbed as oxygen absorber, oxygen scavengers are majorly employed to remove or lower oxygen from feed water of boiler systems and different kinds of packages. It stops deteriorative reactions led by availability of oxygen, thus enhancing functional capability of different processes and products. Oxygen scavengers particularly used for packaging applications falls below the section of active packaging. This kind of packaging is often employed in pharmaceutical and food & beverage industries, and it responds to alterations taking place in the surrounding place. The product assists to lower negative impacts of oxygen, while elevating the life of packaged goods. In boilers, it is employed together with deaerators to inhibit corrosion and eliminate residual oxygen content. Moreover, they are employed in preservation of artworks & solderability of electronic parts and oil & gas production.
By composition, the oxygen scavengers market is divided into inorganic and organic products. Amongst these two sections, inorganic oxygen scavengers are employed in a huge scale over the organic scavengers, and this section grabs a huge share of the market. Below this segment, iron based scavengers are preferred mostly for packaging applications, whereas hydrazine hydrate and bisulfites & sodium sulfite are employed for boiler feed water treatment operations.
By form, the oxygen scavengers market is divided into OS films & PET bottles, sachets/canisters/bottle caps & labels, powder form, and liquid form. Sachets/canisters/bottle caps & labels section in terms of volume clocked a huge market share. They are used widely owing to low cost and easy availability. The sachets & labels’ oxygen scavenging speed is much quicker over the oxygen scavenging material incorporated directly into packaging.
The major players included in the global oxygen scavengers market forecast are,
By End-user Industry
Sustainable Developments And Innovative Techs Are Predicted To Result In A Significant Elevation In Requirement For Oxygen Scavengers During Coming Period
Sustainable developments and innovative techs are predicted to result in a significant elevation in requirement for oxygen scavengers during coming period. Oxygen scavenger goods improve product safety and increase product life. They enhance boiler feed water’s water quality by lowering its oxygen level. Food packing industry is predicted to power the requirement for the oxygen scavenger market. Different trends are predicted to power the growth for oxygen scavengers market. For example, makers are aiming to restore iron powder with other substances to enhance the quality of oxygen scavenger goods. They are also making efforts to enhance tool quality and expand the products’ shelf life.
Market by Regional Analysis
North America (USA, Canada, Mexico), Europe (UK, France, Germany, Russia, Rest of Europe), Asia-Pacific (China, South Korea, India, Japan, Rest of Asia-Pacific), LAMEA, Latin America, Middle East, Africa
The Oxygen Scavengers Market In Asia Pacific Will Be The Quickest Developing Region In The Coming Period
The oxygen scavengers market in Asia Pacific will be the quickest developing region in the coming period. This solid development is creditable to favorable trends related to food & beverage packaging sector in this area. Rising usage of packaged foods paired with stress on lowering food wastage are expected to power the growth of the market in coming period. North America market will develop at a significant CAGR in the coming time period due to increasing requirement from oil & gas and pharmaceutical packaging industries. As per EFPIA (European Federation of Pharmaceutical Industries and Associations), North America added up for almost 50% market share in global pharmaceutical industry. Rising applications associated with preservation of drugs for predetermined time period will power the product requirement in coming period.
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Oxygen Scavengers Market 2020 By Type (Metallic Oxygen Scavengers, Non-metallic Oxygen Scavengers), By End-user Industry (Food and Beverage, Pharmaceutical, Power, Oil and Gas, Chemical, Pulp and Paper) Forecast to 2025