Oxygen Scavenger Masterbatch Market Size for Food Packaging - by Trends, Key Players, Driver, Segmentation, Forecast to 2025

Oxygen Scavenger Masterbatch Market Size for Food Packaging - by Trends, Key Players, Driver, Segmentation, Forecast to 2025

Oxygen scavenger masterbatch serves as an innovative and highly-effective food packaging solution. When used in packaging, it helps extend the shelf life of sensitive foods and protect them from oxygen degradation. One of the leading causes of food and beverage deterioration is the exposure to oxygen, which affect the freshness, color, and organoleptic properties of products. Oxygen scavenger masterbatches are extremely easy to use and keep foodstuffs fresh for a longer duration.

Clariant AG, Air Corporation, Berry Global, Inc., CSP Technologies, Inc., Henkel AG & Company, Mondi Plc, Mitsubishi Gas Chemical Company, Inc., Oxygen scavenging packaging material suppliers, and Sealed Air Corporation are among the leading oxygen scavenger masterbatch suppliers. Global Market Insights, Inc., forecasts that global oxygen scavenger masterbatch market size will be worth more than US$25 million by 2025 from food packaging sector.

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Growing utilization in food and beverages packaging

As household income levels continue to increase, the demand for greater variety of food also grows. The past few years have witnessed a considerably higher demand for higher-value and quality foods such as milk, eggs, and meat, as compared with cereals and other plant-based foods. These changes in eating habits and increased consumption of meat and dairy products, combined with sizeable population growth, have significantly increased the overall demand for livestock products in many emerging economies, and the trend is likely to continue.

With a significant rise in the consumption of packaged food and beverage products, manufacturers worldwide are focusing on launching innovative packaging solutions. These companies are also looking to expand their geographical presence by entering and establishing business in new territories.

Citing an instance, in October 2019, Swiss specialty chemicals company Clariant had launched a new oxygen scavenger additive under its CESA® protect brand for polyester packaging. The CESA ProTect oxygen scavenger is active only after processing and PET-based containers can be easily filled, shipped, and protected after production. The product also performs well when used on refrigerated products and is suited for cold chain distribution.

In February 2020, Clariant expanded its MEVOPUR portfolio of medical-grade materials and services with the addition of a new oxygen scavenging additive masterbatch for the packaging of pharmaceuticals and medical devices. The new MEVOPUR ProTect is highly-effective at preventing the oxygen degradation of drugs and nutraceuticals stored in PET bottle. 

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Major growth restraints and future trends

High costs associated with oxygen scavenger masterbatches and the availability of numerous alternatives might limit their adoption in the upcoming years. These high costs can be attributed to complexities in product manufacturing as well as processing of oxygen scavenger masterbatches into oxygen scavenger films. However, favorable growth trends in the packaged food sector and growing consumption of meat and dairy products will bolster oxygen scavenger masterbatch industry outlook.

About Global Market Insights

Global Market Insights Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider, offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy, and biotechnology.

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