Product Code: ANV4274
REPORT HIGHLIGHT
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.
Oxygen Scavenger Masterbatch Market- Market Dynamics
Increasing need for plastic packaging
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
Oxygen Scavenger Masterbatch Market- Segmentation Analysis:
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.
Oxygen Scavenger Masterbatch Market- Geographical Insights
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.
Oxygen Scavenger Masterbatch Market- Competitive Landscape:
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
- 2.2. Competitive Insights
3. Oxygen Scavenger Masterbatch Key Market Trends
- 3.1. Oxygen Scavenger Masterbatch Market Drivers
- 3.1.1. Impact Analysis of Market Drivers
- 3.2. Oxygen Scavenger Masterbatch Market Restraints
- 3.2.1. Impact Analysis of Market Restraints
- 3.3. Oxygen Scavenger Masterbatch Market Opportunities
- 3.4. Oxygen Scavenger Masterbatch Market Future Trends
4. Oxygen Scavenger Masterbatch Industry Study
- 4.1. PEST Analysis
- 4.2. Porter's Five Forces Analysis
- 4.3. Growth Prospect Mapping
- 4.4. Regulatory Framework Analysis
5. Oxygen Scavenger Masterbatch Market: COVID-19 Impact Analysis
- 5.1. Pre-COVID-19 Impact Analysis
- 5.2. Post-COVID-19 Impact Analysis
- 5.2.1. Top Performing Segments
- 5.2.2. Marginal Growth Segments
- 5.2.3. Top Looser Segments
- 5.2.4. Marginal Loss Segments
6. Oxygen Scavenger Masterbatch Market Landscape
- 6.1. Oxygen Scavenger Masterbatch Market Share Analysis, 2023
- 6.2. Breakdown Data, by Key Manufacturer
- 6.2.1. Established Players' Analysis
- 6.2.2. Emerging Players' Analysis
7. Oxygen Scavenger Masterbatch Market - By Product
- 7.1. Overview
- 7.1.1. Segment Share Analysis, By Product, 2023 & 2032 (%)
- 7.1.2. Inorganic Oxygen Scavenger Masterbatch
- 7.1.3. Organic Oxygen Scavenger Masterbatch
8. Oxygen Scavenger Masterbatch Market - By Application
- 8.1. Overview
- 8.1.1. Segment Share Analysis, By Application, 2023 & 2032 (%)
- 8.1.2. Rigid Packaging
- 8.1.3. Flexible Packaging
- 8.1.4. Others
9. Oxygen Scavenger Masterbatch Market- By Geography
- 9.1. Introduction
- 9.1.1. Segment Share Analysis, By Geography, 2023 & 2032 (%)
- 9.2. North America
- 9.2.1. Overview
- 9.2.2. Oxygen Scavenger Masterbatch Key Manufacturers in North America
- 9.2.3. North America Market Size and Forecast, By Country, 2019 - 2032 (US$ Million)
- 9.2.4. North America Market Size and Forecast, By Product, 2019 - 2032 (US$ Million)
- 9.2.5. North America Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
- 9.2.6. U.S.
- 9.2.6.1. Overview
- 9.2.6.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
- 9.2.6.3. U.S. Market Size and Forecast, By Product, 2019 - 2032 (US$ Million)
- 9.2.6.4. U.S. Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
- 9.2.7. Canada
- 9.2.7.1. Overview
- 9.2.7.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
- 9.2.7.3. Canada Market Size and Forecast, By Product, 2019 - 2032 (US$ Million)
- 9.2.7.4. Canada Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
- 9.3. Europe
- 9.3.1. Overview
- 9.3.2. Oxygen Scavenger Masterbatch Key Manufacturers in Europe
- 9.3.3. Europe Market Size and Forecast, By Country, 2019 - 2032 (US$ Million)
- 9.3.4. Europe Market Size and Forecast, By Product, 2019 - 2032 (US$ Million)
- 9.3.5. Europe Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
- 9.3.6. Germany
- 9.3.6.1. Overview
- 9.3.6.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
- 9.3.6.3. Germany Market Size and Forecast, By Product, 2019 - 2032 (US$ Million)
- 9.3.6.4. Germany Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
- 9.3.7. Italy
- 9.3.7.1. Overview
- 9.3.7.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
- 9.3.7.3. Italy Market Size and Forecast, By Product, 2019 - 2032 (US$ Million)
- 9.3.7.4. Italy Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
- 9.3.8. United Kingdom
- 9.3.8.1. Overview
- 9.3.8.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
- 9.3.8.3. United Kingdom Market Size and Forecast, By Product, 2019 - 2032 (US$ Million)
- 9.3.8.4. United Kingdom Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
- 9.3.9. France
- 9.3.9.1. Overview
- 9.3.9.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
- 9.3.9.3. France Market Size and Forecast, By Product, 2019 - 2032 (US$ Million)
- 9.3.9.4. France Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
- 9.3.10. Russia
- 9.3.10.1. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
- 9.3.10.2. Russia Market Size and Forecast, By Product, 2019 - 2032 (US$ Million)
- 9.3.10.3. Russia Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
- 9.3.11. Netherlands
- 9.3.11.1. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
- 9.3.11.2. Netherlands Market Size and Forecast, By Product, 2019 - 2032 (US$ Million)
- 9.3.11.3. Netherlands Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
- 9.3.12. Sweden
- 9.3.12.1. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
- 9.3.12.2. Sweden Market Size and Forecast, By Product, 2019 - 2032 (US$ Million)
- 9.3.12.3. Sweden Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
- 9.3.13. Poland
- 9.3.13.1. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
- 9.3.13.2. Poland Market Size and Forecast, By Product, 2019 - 2032 (US$ Million)
- 9.3.13.3. Poland Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
- 9.3.14. Rest of Europe
- 9.3.14.1. Overview
- 9.3.14.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
- 9.3.14.3. Rest of the Europe Market Size and Forecast, By Product, 2019 - 2032 (US$ Million)
- 9.3.14.4. Rest of the Europe Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
- 9.4. Asia Pacific (APAC)
- 9.4.1. Overview
- 9.4.2. Oxygen Scavenger Masterbatch Key Manufacturers in Asia Pacific
- 9.4.3. Asia Pacific Market Size and Forecast, By Country, 2019 - 2032 (US$ Million)
- 9.4.4. Asia Pacific Market Size and Forecast, By Product, 2019 - 2032 (US$ Million)
- 9.4.5. Asia Pacific Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
- 9.4.6. India
- 9.4.6.1. Overview
- 9.4.6.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
- 9.4.6.3. India Market Size and Forecast, By Product, 2019 - 2032 (US$ Million)
- 9.4.6.4. India Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
- 9.4.7. China
- 9.4.7.1. Overview
- 9.4.7.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
- 9.4.7.3. China Market Size and Forecast, By Product, 2019 - 2032 (US$ Million)
- 9.4.7.4. China Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
- 9.4.8. Japan
- 9.4.8.1. Overview
- 9.4.8.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
- 9.4.8.3. Japan Market Size and Forecast, By Product, 2019 - 2032 (US$ Million)
- 9.4.8.4. Japan Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
- 9.4.9. South Korea
- 9.4.9.1. Overview
- 9.4.9.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
- 9.4.9.3. South Korea Market Size and Forecast, By Product, 2019 - 2032 (US$ Million)
- 9.4.9.4. South Korea Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
- 9.4.10. Australia
- 9.4.10.1. Overview
- 9.4.10.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
- 9.4.10.3. Australia Market Size and Forecast, By Product, 2019 - 2032 (US$ Million)
- 9.4.10.4. Australia Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
- 9.4.11. Thailand
- 9.4.11.1. Overview
- 9.4.11.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
- 9.4.11.3. Thailand Market Size and Forecast, By Product, 2019 - 2032 (US$ Million)
- 9.4.11.4. Thailand Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
- 9.4.12. Indonesia
- 9.4.12.1. Overview
- 9.4.12.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
- 9.4.12.3. Indonesia Market Size and Forecast, By Product, 2019 - 2032 (US$ Million)
- 9.4.12.4. Indonesia Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
- 9.4.13. Philippines
- 9.4.13.1. Overview
- 9.4.13.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
- 9.4.13.3. Philippines Market Size and Forecast, By Product, 2019 - 2032 (US$ Million)
- 9.4.13.4. Philippines Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
- 9.4.14. Rest of APAC
- 9.4.14.1. Overview
- 9.4.14.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
- 9.4.14.3. Rest of APAC Market Size and Forecast, By Product, 2019 - 2032 (US$ Million)
- 9.4.14.4. Rest of APAC Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
- 9.5. Latin America
- 9.5.1. Overview
- 9.5.2. Oxygen Scavenger Masterbatch Key Manufacturers in Latin America
- 9.5.3. Latin America Market Size and Forecast, By Country, 2019 - 2032 (US$ Million)
- 9.5.4. Latin America Market Size and Forecast, By Product, 2019 - 2032 (US$ Million)
- 9.5.5. Latin America Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
- 9.5.6. Brazil
- 9.5.6.1. Overview
- 9.5.6.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
- 9.5.6.3. Brazil Market Size and Forecast, By Product, 2019 - 2032 (US$ Million)
- 9.5.6.4. Brazil Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
- 9.5.7. Mexico
- 9.5.7.1. Overview
- 9.5.7.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
- 9.5.7.3. Mexico Market Size and Forecast, By Product, 2019 - 2032 (US$ Million)
- 9.5.7.4. Mexico Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
- 9.5.8. Argentina
- 9.5.8.1. Overview
- 9.5.8.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
- 9.5.8.3. Argentina Market Size and Forecast, By Product, 2019 - 2032 (US$ Million)
- 9.5.8.4. Argentina Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
- 9.5.9. Colombia
- 9.5.9.1. Overview
- 9.5.9.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
- 9.5.9.3. Colombia Market Size and Forecast, By Product, 2019 - 2032 (US$ Million)
- 9.5.9.4. Colombia Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
- 9.5.10. Rest of LATAM
- 9.5.10.1. Overview
- 9.5.10.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
- 9.5.10.3. Rest of LATAM Market Size and Forecast, By Product, 2019 - 2032 (US$ Million)
- 9.5.10.4. Rest of LATAM Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
- 9.6. Middle East and Africa
- 9.6.1. Overview
- 9.6.2. Oxygen Scavenger Masterbatch Key Manufacturers in Middle East and Africa
- 9.6.3. Middle East and Africa Market Size and Forecast, By Country, 2019 - 2032 (US$ Million)
- 9.6.4. Middle East and Africa Market Size and Forecast, By Product, 2019 - 2032 (US$ Million)
- 9.6.5. Middle East and Africa Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
- 9.6.6. Saudi Arabia
- 9.6.6.1. Overview
- 9.6.6.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
- 9.6.6.3. Saudi Arabia Market Size and Forecast, By Product, 2019 - 2032 (US$ Million)
- 9.6.6.4. Saudi Arabia Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
- 9.6.7. United Arab Emirates
- 9.6.7.1. Overview
- 9.6.7.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
- 9.6.7.3. United Arab Emirates Market Size and Forecast, By Product, 2019 - 2032 (US$ Million)
- 9.6.7.4. United Arab Emirates Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
- 9.6.8. Israel
- 9.6.8.1. Overview
- 9.6.8.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
- 9.6.8.3. Israel Market Size and Forecast, By Product, 2019 - 2032 (US$ Million)
- 9.6.8.4. Israel Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
- 9.6.9. Turkey
- 9.6.9.1. Overview
- 9.6.9.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
- 9.6.9.3. Turkey Market Size and Forecast, By Product, 2019 - 2032 (US$ Million)
- 9.6.9.4. Turkey Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
- 9.6.10. Algeria
- 9.6.10.1. Overview
- 9.6.10.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
- 9.6.10.3. Algeria Market Size and Forecast, By Product, 2019 - 2032 (US$ Million)
- 9.6.10.4. Algeria Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
- 9.6.11. Egypt
- 9.6.11.1. Overview
- 9.6.11.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
- 9.6.11.3. Egypt Market Size and Forecast, By Product, 2019 - 2032 (US$ Million)
- 9.6.11.4. Egypt Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
- 9.6.12. Rest of MEA
- 9.6.12.1. Overview
- 9.6.12.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
- 9.6.12.3. Rest of MEA Market Size and Forecast, By Product, 2019 - 2032 (US$ Million)
- 9.6.12.4. Rest of MEA Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
10. Key Vendor Analysis- Oxygen Scavenger Masterbatch Industry
- 10.1. Competitive Dashboard
- 10.2. Company Profiles
- 10.2.1. NanoBioMatters
- 10.2.2. Polyone
- 10.2.3. Sealed Air Corporation
- 10.2.4. Mitsubishi Gas Chemical Company, Inc
- 10.2.5. Mondi Pic
- 10.2.6. Berry Global
- 10.2.7. Clariant
- 10.2.8. Tosaf Inc
- 10.2.9. Others
11. 360 Degree Analyst View
12. Appendix
- 12.1. Research Methodology
- 12.2. References
- 12.3. Abbreviations
- 12.4. Disclaimer
- 12.5. Contact Us