Global Oxygen Scavengers Market 2018-2022
About Oxygen Scavengers
Oxygen scavengers are substances that react with oxygen chemically or enzymatically to protect the target product against oxidative deterioration thereby maintaining quality. They are segmented based on types of oxygen scavengers and application in various end-user industries.Technavio’s analysts forecast the global oxygen scavengers market to grow at a CAGR of 5.00% during the period 2018-2022.Covered in this report The report covers the present scenario and the growth prospects of the global oxygen scavengers market for 2018-2022. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Oxygen Scavengers Market 2018-2022
Technavio recognizes the following companies as the key players in the global oxygen scavengers market: Arkema Group, Clariant, General Electric, Innospec, Mitsubishi Gas Chemical Company, and Sealed Air.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is augmenting demand from the pharmaceutical and nutraceutical industries. With the growing demand from the pharmaceutical and nutraceutical industries, vendors in the oxygen scavengers market focus on the personalization and customization of nutraceuticals, which are food products sold in medicinal forms.”
According to the report, one driver in the market is increasing demand for packaged food. Rising demand for healthy snacks in advanced economies of the Americas and Europe is likely to foster the adoption of sustainable packaging technologies.
Further, the report states that one challenge in the market is necessity of technical knowledge for selecting oxygen scavengers. Oxygen scavenger sachets used in food products must be safe, easily handheld, compact size, non-toxic, and must not produce offensive odors. They are highly reactive upon exposure to air; hence, they are required to be handled and packaged in such a way as to minimize exposure to the environment.