Oxygen Scavenger Masterbatch Market by Product, Application, Country, and Region: Industry Analysis, Market Size, Market Share, and Forecast from 2024 to 2032
The Oxygen Scavenger Masterbatch Market was estimated at USD 22,514.2 million in 2023, growing at a CAGR of 8.00% between 2024 and 2032.
Oxygen scavenger masterbatch is a specialist ingredient used in plastic packaging materials to absorb oxygen and prevent oxidation. Its primary application is to extend the shelf life and quality of packaged products. The masterbatch is mixed into the plastic during the production process, allowing it to emit active oxygen scavengers that react with and destroy the oxygen in the package. This helps to reduce oxidation-related concerns such as color fading, rancidity, and degradation of packed food.
The rising demand for plastic packaging is a significant driver of growth in the Oxygen Scavenger Masterbatch Market Industry. Plastic packaging is used for a variety of products, including food and beverages, pharmaceuticals, and personal care items. As the need for plastic packaging increases, so will the need for oxygen scavenger masterbatch. Oxygen scavenger masterbatch is used to protect plastic packaging from oxygen deterioration, which can cause coloring, strength loss, and other issues. Manufacturers can increase the shelf life and preserve their products from degradation by incorporating an oxygen scavenger masterbatch into plastic packaging.
Oxygen Scavenger Masterbatch Market- Key Insights
Our research analyst estimates that the global market will develop at a CAGR of approximately 8.00% from 2024-2032.
According to Product segmentation, the organic oxygen category is expected to expand rapidly during the forecast period.
According to application segmentation, the flexible packaging segment dominated the industry.
On the basis of region, North America was the leading revenue generator in 2023
The Global Oxygen Scavenger Masterbatch Market is divided into three segments: Product, Application, and region.
The market is divided into two divisions based on Products: Inorganic Oxygen Scavenger Masterbatch, and Organic Oxygen Scavenger Masterbatch. The organic oxygen scavenger masterbatch segment is expected to rise significantly as firms increase their research and development operations to improve overall product performance. These products grab O2 by oxidizing carbon-carbon double bonds, greatly lowering O2 levels in packaging items.
The market is segmented into three segments according to Application: Rigid Packaging, Flexible Packaging, and Others. The flexible packaging category accounted for a majority of the overall industry during the study period. Flexible packaging is popular among consumers because of its lightweight and convenient design. Growing awareness of the benefits of sustainable packaging, together with rapid technological breakthroughs, are expected to drive the oxygen scavenger masterbatch market growth for food packaging throughout the forecast period.
Geographically, this market is distributed over Asia Pacific, North America, Europe, Latin America, the Middle East, and Africa. These regions are further segmented according to the countries bringing commerce. North America dominates the market share. The growing demand for oxygen-sensitive items in the food and beverage, healthcare, and automotive industries is propelling the market forward in this region.
APAC is expected to have the quickest growth in the Oxygen Scavenger Masterbatch Market, owing to the rapidly expanding plastics and packaging sectors in China, India, and Japan. Increased demand for packaged foods and beverages, combined with a growing middle class and rising disposable incomes, is likely to drive market expansion in this region.
The oxygen scavenger masterbatch industry is also highly competitive with significant companies contributing to innovation in the industry. The top companies include NanoBioMatters, Polyone, Sealed Air Corporation, and Mitsubishi Gas Chemical Company, Inc. That have advanced oxygen scavenging technologies integrated into masterbatches. These companies focus on developing applications that might remove oxygen from a packaging system, thus ensuring the products' shelf life remains up for a longer period than spoiling. The competitive environment contributes to continued improvement in packaging technology that will ensure increasing demand for efficient and reliable oxygen-scavenging solutions across a broad spectrum of industries.
Recent Developments:
In October 2023, Clariant AG, a well-known specialty chemicals manufacturer, has developed and patented an oxygen scavenger additive Masterbatch for their new product, Cesa(R) ProTect. The unique product's intended market is monolayer PET packaging. Furthermore, the product is projected to find a wide range of uses in polyester packaging in the next years.
SCOPE OF THE REPORT
This report's scope includes the following important market segments:
GLOBAL OXYGEN SCAVENGER MASTERBATCH MARKET KEY PLAYERS- DETAILED COMPETITIVE INSIGHTS
NanoBioMatters
Polyone
Sealed Air Corporation
Mitsubishi Gas Chemical Company, Inc
Mondi Pic
Berry Global
Clariant
Tosaf Inc
Others
GLOBAL OXYGEN SCAVENGER MASTERBATCH MARKET, BY PRODUCT- MARKET ANALYSIS, 2019 - 2032
Inorganic Oxygen Scavenger Masterbatch
Organic Oxygen Scavenger Masterbatch
GLOBAL OXYGEN SCAVENGER MASTERBATCH MARKET, BY APPLICATION- MARKET ANALYSIS, 2019 - 2032
Rigid Packaging
Flexible Packaging
Others
GLOBAL OXYGEN SCAVENGER MASTERBATCH MARKET, BY REGION- MARKET ANALYSIS, 2019 - 2032
North America
The U.S.
Canada
Europe
Germany
France
Italy
Spain
United Kingdom
Russia
Netherlands
Sweden
Poland
Rest of Europe
Asia Pacific
India
China
South Korea
Japan
Australia
Thailand
Indonesia
Philippines
Rest of APAC
Latin America
Brazil
Mexico
Argentina
Colombia
Rest of LATAM
The Middle East and Africa
Saudi Arabia
United Arab Emirates
Israel
Turkey
Algeria
Egypt
Rest of MEA
Table of Contents
1. Oxygen Scavenger Masterbatch Market Overview
1.1. Study Scope
1.2. Market Estimation Years
2. Executive Summary
2.1. Market Snippet
2.1.1. Oxygen Scavenger Masterbatch Market Snippet by Product
2.1.2. Oxygen Scavenger Masterbatch Market Snippet by Application
2.1.3. Oxygen Scavenger Masterbatch Market Snippet by Country
2.1.4. Oxygen Scavenger Masterbatch Market Snippet by Region