According to the research report titled ‘Oxygen Scavenger Masterbatch Market Size for Food Packaging By Product , By Application (Flexible Packaging, Rigid Packaging), By End-user (Meat, Poultry & Fish, Fruits & Vegetables, Dairy Products, Alcoholic Beverages, Snacks & Confectionaries), Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2019 – 2025’, available with Market Study Report, global scavenger masterbatch market is likely to exceed a valuation of USD 25 million by the year 2025.
 

Mounting consumption of meat & dairy products and technological breakthroughs in this business sphere are the major factors driving the growth of global scavenger masterbatch market for food packaging. Perishable food products have high oxygen levels which negatively impact the shelf life of the item.
 

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Oxygen absorber masterbatch is known to reduce the oxygen levels in packaged goods, thus further extending the shelf life. Apart from this, growing demand for smart packaging solutions, shifting preferences towards using convenience food products, and increasing utilization of portable and reusable packaging methods are stimulating global oxygen scavenger masterbatch industry for food packaging applications.
 

Based on product landscape, the organic segment is predicted to expand with a CAGR of 8% through 2025, primarily due to increasing R&D activities to improve the performance of organic products. On the other hand, the inorganic segment is likely to generate lucrative returns for this business sphere, owing to its high popularity in commercial applications.
 

Elaborating on the application spectrum, the flexible packaging segment is expected to hold 75% market share during the study period. Flexible packaging solutions are known to offer weight reduction as well as better convenience, which in turn is favoring the overall market scenario.
 

Citing the end-user scope, the meat, poultry, & fish segment is expected to capture 35% market share in the ensuing years, largely due to rising concerns of bacterial growth and lipid oxidation in convenience food products.
 

On the other hand, snacks & confectionaries segment is also expected to register significant growth, accounting for one-fifth of the total market share by the year 2025. Growing demand for baked and savory snacks and high presence of oxygen in these items are facilitating the overall market scenario.
 

The oxygen scavenger masterbatch industry share for food packaging in Asia-Pacific is reckoned to witness a y-o-y growth rate of 6% between 2019 and 2025. High demand for convenience food items, especially in the emerging nations, is favoring the regional market outlook.
 

The major oxygen scavenging masterbatch suppliers are PolyOne Corporation, Tosaf Compounds Ltd., NanoBioMatters, Gabriel-Chemie Group, Henkel AG & Co. KGaA, Albis Plastic GmbH, Clariant AG  Meanwhile, oxygen scavenging packaging material suppliers include Berry Global Inc., Mondi Plc, Sealed Air Corporation, CSP Technologies Inc., and Mitsubishi Gas Chemical Company Inc. among others.