Oxygen Scavenger Market Set to Reach USD 2.68 billion by 2030 | BASF SE, Accepta Ltd, Mitsubishi Gas Chemical Company Inc
Global Oxygen Scavenger Market was valued at USD 1.98 billion in 2023 and is expected to reach USD 2.68 billion by the year 2030, at a CAGR of 4.4%.
According to a comprehensive market study, the global oxygen scavenger market is projected to attain a value of USD 3.57 Billion by 2030, with a Compound Annual Growth Rate (CAGR) of 6.2% from 2023 to 2030. The market's growth is predominantly fueled by the increasing demand for oxygen scavengers in the food and beverage sector, aimed at preventing food spoilage and prolonging shelf life. Additionally, significant drivers include the escalating adoption of oxygen scavengers in pharmaceutical packaging to uphold product integrity and their expanding utilization in power plants and oil and gas facilities to mitigate corrosion and optimize operational efficiency.
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Global Oxygen Scavenger Market was valued at USD 1.98 billion in 2023 and is expected to reach USD 2.68 billion by the year 2030, at a CAGR of 4.4%.
According to a comprehensive market study, the global oxygen scavenger market is projected to attain a value of USD 3.57 Billion by 2030, with a Compound Annual Growth Rate (CAGR) of 6.2% from 2023 to 2030. The market's growth is predominantly fueled by the increasing demand for oxygen scavengers in the food and beverage sector, aimed at preventing food spoilage and prolonging shelf life. Additionally, significant drivers include the escalating adoption of oxygen scavengers in pharmaceutical packaging to uphold product integrity and their expanding utilization in power plants and oil and gas facilities to mitigate corrosion and optimize operational efficiency.
Request Sample Copy/ View detailed Table of Content here: https://introspectivemarke...
9 months ago
