Plastic Odor Scavenger by Type (Physical Adsorption Type Deodorant, Chemical Reaction Type Deodorant, World Plastic Odor Scavenger Production ), by Application (Household Appliances, Toys, Textile Packaging, Other), by North America (United States, Canada, Mexico), by South America (Brazil, Argentina, Rest of South America), by Europe (United Kingdom, Germany, France, Italy, Spain, Russia, Benelux, Nordics, Rest of Europe), by Middle East & Africa (Turkey, Israel, GCC, North Africa, South Africa, Rest of Middle East & Africa), by Asia Pacific (China, India, Japan, South Korea, ASEAN, Oceania, Rest of Asia Pacific) Forecast 2025-2033
The global plastic odor scavenger market size was valued at USD 1.04 billion in 2022 and is projected to expand at a compound annual growth rate (CAGR) of 6.1% during the forecast period, from 2023 to 2030. The market growth is primarily driven by the rising demand for odorless plastics in various industries such as household appliances, toys, and textile packaging.
Increasing consumer awareness about the harmful effects of plastic odors and the stringent regulations imposed by governments to control emissions are other factors contributing to the market growth. The market is segmented based on type (physical adsorption type deodorant and chemical reaction type deodorant), application (household appliances, toys, textile packaging, and others), company (EuP Group, Tosaf, Ampacet, Nexam Chemical, Blend Colours, Sidma Polymers, LyondellBasell, Avient, Clariant, Evonik, BYK, OMI Industries), and region (North America, Europe, Asia-Pacific, South America, and Middle East & Africa).
The global plastic odor scavenger market is projected to reach USD 1.24 billion by 2027, exhibiting a CAGR of 6.3% during the forecast period from 2021 to 2027. The rising demand for odorless plastic products, stringent government regulations on plastic waste disposal, and increasing environmental concerns are key factors driving the market growth.
Key Market Insights
Increasing Demand for Odorless Plastic Products: Consumers are becoming increasingly demanding of plastic products that are odorless and do not release harmful fumes. This trend is particularly evident in the household appliances, automotive, and packaging industries.
Stringent Government Regulations: Governments worldwide are implementing strict regulations to reduce plastic waste and improve air quality. These regulations include restrictions on the use of certain odor-causing chemicals in plastic manufacturing, which is driving the adoption of odor scavengers.
Growing Environmental Concerns: Consumers and businesses alike are becoming more aware of the environmental impact of plastic waste. Plastic odor scavengers help reduce the release of harmful volatile organic compounds (VOCs) and other pollutants, making them an attractive option for environmentally conscious manufacturers and consumers.
Cost Considerations: Physical adsorption type deodorants are relatively cost-effective, but chemical reaction type deodorants can be more expensive. This cost consideration may limit their adoption in certain applications.
Effectiveness Limitations: Plastic odor scavengers may not be effective against all types of odors, especially strong or persistent smells. This can limit their application in certain industries, such as food processing and healthcare.
Regulatory Restrictions: Some countries have regulations restricting the use of certain additives in plastics, which may impact the availability and adoption of plastic odor scavengers. It is important for manufacturers and users to ensure compliance with local regulations.
This report provides comprehensive insights into the plastic odor scavenger industry, including:
The report also analyzes the impact of COVID-19 on the plastic odor scavenger industry and provides recommendations for businesses operating in the sector.
Aspects | Details |
---|---|
Study Period | 2019-2033 |
Base Year | 2024 |
Estimated Year | 2025 |
Forecast Period | 2025-2033 |
Historical Period | 2019-2024 |
Growth Rate | CAGR of XX% from 2019-2033 |
Segmentation |
|
Aspects | Details |
---|---|
Study Period | 2019-2033 |
Base Year | 2024 |
Estimated Year | 2025 |
Forecast Period | 2025-2033 |
Historical Period | 2019-2024 |
Growth Rate | CAGR of XX% from 2019-2033 |
Segmentation |
|
Note* : In applicable scenarios
Primary Research
Secondary Research
Involves using different sources of information in order to increase the validity of a study
These sources are likely to be stakeholders in a program - participants, other researchers, program staff, other community members, and so on.
Then we put all data in single framework & apply various statistical tools to find out the dynamic on the market.
During the analysis stage, feedback from the stakeholder groups would be compared to determine areas of agreement as well as areas of divergence
MR Forecast provides premium market intelligence on deep technologies that can cause a high level of disruption in the market within the next few years. When it comes to doing market viability analyses for technologies at very early phases of development, MR Forecast is second to none. What sets us apart is our set of market estimates based on secondary research data, which in turn gets validated through primary research by key companies in the target market and other stakeholders. It only covers technologies pertaining to Healthcare, IT, big data analysis, block chain technology, Artificial Intelligence (AI), Machine Learning (ML), Internet of Things (IoT), Energy & Power, Automobile, Agriculture, Electronics, Chemical & Materials, Machinery & Equipment's, Consumer Goods, and many others at MR Forecast. Market: The market section introduces the industry to readers, including an overview, business dynamics, competitive benchmarking, and firms' profiles. This enables readers to make decisions on market entry, expansion, and exit in certain nations, regions, or worldwide. Application: We give painstaking attention to the study of every product and technology, along with its use case and user categories, under our research solutions. From here on, the process delivers accurate market estimates and forecasts apart from the best and most meaningful insights.
Products generically come under this phrase and may imply any number of goods, components, materials, technology, or any combination thereof. Any business that wants to push an innovative agenda needs data on product definitions, pricing analysis, benchmarking and roadmaps on technology, demand analysis, and patents. Our research papers contain all that and much more in a depth that makes them incredibly actionable. Products broadly encompass a wide range of goods, components, materials, technologies, or any combination thereof. For businesses aiming to advance an innovative agenda, access to comprehensive data on product definitions, pricing analysis, benchmarking, technological roadmaps, demand analysis, and patents is essential. Our research papers provide in-depth insights into these areas and more, equipping organizations with actionable information that can drive strategic decision-making and enhance competitive positioning in the market.