Oxygen Scavengers Market Size & Forecast Report - 2026 to 2030

The global oxygen scavengers market size is expected to witness a significant CAGR of around 5% during the forecast period 2021 to 2027. The increasing demand for good quality fresh packaged food among consumers is one of the prominent factor to drive the market growth. Furthermore, the growing demand for ready-to-eat food, increasing disposable income, and the increasing demand for active packaging techniques are further expected to fuel the market growth. Moreover, the increasing demand for the product in various end-use industries such as pharmaceutical, oil & gas, chemical, and others are expected to drive the market growth over the forecast period.

Market Drivers:

Increasing Demand for Food Preservation: The food and beverage industry is a significant consumer of oxygen scavengers. Oxygen can deteriorate the quality of food products by causing oxidation, spoilage, and microbial growth. Oxygen scavengers help in preserving the freshness and extending the shelf life of various food and beverage products. With the growing demand for processed and packaged food, there is an increasing need for oxygen scavengers to maintain product quality and reduce food waste.

Growth in Pharmaceutical and Healthcare Industries: The pharmaceutical and healthcare industries require oxygen-free environments for the storage and preservation of drugs, vaccines, and medical devices. Oxygen exposure can degrade the potency and effectiveness of pharmaceutical products. Oxygen scavengers are used in packaging and storage to remove oxygen and maintain the integrity of these sensitive products. The growth in the pharmaceutical and healthcare sectors drives the demand for oxygen scavengers.

Expansion of Packaging Industry: The packaging industry plays a vital role in preserving the quality and extending the shelf life of various products, including food, beverages, pharmaceuticals, and consumer goods. The increasing demand for convenient and longer-lasting packaging solutions fuels the growth of the packaging industry. Oxygen scavengers are incorporated into packaging materials, such as films, bottles, and pouches, to create oxygen barrier systems that protect the enclosed products from oxygen degradation. The expansion of the packaging industry drives the demand for oxygen scavengers.

Focus on Product Safety and Quality: Manufacturers across industries are increasingly focused on ensuring product safety and quality. Oxygen can negatively impact the quality, taste, and appearance of products, leading to customer dissatisfaction and brand reputation damage. By using oxygen scavengers, manufacturers can prevent oxygen-related issues and maintain product quality. The emphasis on product safety and quality drives the adoption of oxygen scavengers.

Increasing Awareness of Environmental Concerns: Oxygen scavengers offer a more sustainable alternative to traditional preservatives and antioxidants that may have environmental or health concerns. Oxygen scavengers are often composed of food-grade materials and are considered safe for use in various applications. The growing awareness and preference for environmentally friendly solutions drive the adoption of oxygen scavengers.

Technological Advancements in Packaging Materials: Technological advancements in packaging materials have led to the development of more effective and efficient oxygen scavengers. Innovative packaging materials, such as active and intelligent packaging systems, integrate oxygen scavenging properties directly into the packaging structure. These advancements enhance the oxygen-scavenging capabilities and compatibility of oxygen scavengers, opening up new opportunities and applications in the market.

Stringent Regulations and Standards: Regulatory bodies and industry organizations have established stringent regulations and standards for packaging, food safety, and product preservation. These regulations often require the use of oxygen scavengers in specific applications to ensure product quality, safety, and compliance. The adherence to regulations and standards drives the demand for oxygen scavengers.

Market Snapshot:

Market Insights:

The global oxygen scavengers market is bifurcated into type, end-use, and geography. On the basis of type, the market is further segmented into metallic and non-metallic. The metallic oxygen scavengers segment dominated the global market in 2020 and expected to hold the largest market share of around two-third of the market by the end of the analysis period. The wide use of the product in food & beverage and water treatment application is one of the key factor to drive the segment growth. Furthermore, the increasing demand for packaged food across the globe is further expected to drive the segment growth over the forecast period.

On the basis of end-use, the market is segmented into food & beverage, pharmaceuticals, chemicals, oil & gas, and others. The food & beverage segment dominated the global oxygen scavengers market in 2020 and accounted to maintain its dominance over the forecast period. The increasing demand for convenient food, rising concern regarding food wastage and food safety, and the rapid growth in urbanization in developing economies are some of the major factors to drive the segment growth. Furthermore, the growing demand for enhanced quality, freshness and better shelf life of packaged food is expected to fuel the growth of this segment.

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The oxygen scavengers comprehensive study analyzes industry trends, market size, competitive analysis, and market forecast – 2021 to 2027. Research Corridor report provides detailed premium insight into the global market and reveals the potential revenue streams, commercial prospects, market drivers, challenges, opportunities, issues, and events affecting the industry. In addition, the report has a dedicated section covering market forecasts and analysis for leading geographies, profiles of major companies operating in the market and expert opinion obtained from interviews with industry executives and experts from prominent companies.

The oxygen scavengers market research report presents the analysis of each segment from 2018 to 2027 considering 2020 as the base year for the research. The compounded annual growth rate (CAGR) for each respective segment is calculated for the forecast period from 2021 to 2027.

Historical & Forecast Period

• 2018-19 – Historical Year
• 2020 – Base Year
• 2021-2027 – Forecast Period

Market Segmentation:

By Type:

• Metallic
• Non-metallic

By From:

• Sachets/Canisters/Bottle Caps & Labels
• OS Films & PET Bottles
• Liquid
• Powder

By End-Use:

• Food & Beverage
• Pharmaceuticals
• Chemicals
• Oil & Gas
• Others

By Region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

Geographic Coverage

Geographically, the oxygen scavengers market report comprises dedicated sections centering on the regional market revenue and trends. The oxygen scavengers market has been segmented on the basis of geographic regions into North America, Europe, Asia Pacific, and Rest of the World (RoW). The RoW segment consists of Latin America and the Middle East & Africa. The oxygen scavengers market has been extensively analyzed on the basis of various regional factors such as demographics, gross domestic product (GDP), inflation rate, acceptance, and others. Oxygen scavengers market estimates have also been provided for the historical years 2018 & 2019 along with forecasts for the period from 2021 – 2027.

Competitive Assessment

Some of the major market players operating in the global oxygen scavengers market are Mitsubishi Gas Chemical Company, Inc., BASF SE, Ecolab Inc., Clariant AG, and SUEZ Water Technologies & Solutions. Companies are exploring markets through expansion, new investment, the introduction of new services, and collaboration as their preferred strategies. Players are exploring new geography through expansion and acquisition to gain a competitive advantage through joint synergy.

Key Companies:

• Mitsubishi Gas Chemical Company, Inc.
• BASF SE
• Ecolab Inc.
• Clariant AG
• SUEZ Water Technologies & Solutions
• Arkema Group
• Accepta Ltd.
• Angus Chemical Company
• Eastman Chemical Company
• Desiccare, Inc.

Key Questions Answered by Oxygen Scavengers Market Report

• Global oxygen scavengers market forecasts from 2021-2027
• Regional oxygen scavengers market forecasts from 2021-2027 covering Asia-Pacific, North America, Europe, Middle East & Africa, and Latin America
• Country-level forecasts from 2021-2027 covering 15 major countries from the regions as mentioned above
• Oxygen scavengers submarket forecasts from 2021-2027 covering the market by type, by form, by end-use, and geography
• Various industry models such as SWOT analysis, Value Chain Analysis about oxygen scavengers market
• Analysis of the key factors driving and restraining the growth of the global, regional, and country-level oxygen scavengers markets from 2021-2027
• Competitive Landscape and market positioning of top 10 players operating in the oxygen scavengers market