Global Oxygen Scavengers Market Size Insights Forecasts to 2033
- The Global Oxygen Scavengers Market Size was valued at USD 3.3 Billion in 2023.
- The Market is Growing at a CAGR of 3.60% from 2023 to 2033
- The Worldwide Oxygen Scavengers Market Size is expected to reach By 2033
- Asia Pacific is expected to Grow the Fastest during the Forecast Period
Get more details on this report -
The Global Oxygen Scavengers Market Size is Expected to reach USD 4.7 Billion by 2033, at a CAGR of 3.60% during the forecast period 2023 to 2033.
Several variables influence the growth of the oxygen scavenger market. A primary driver is the rising demand for packaged food and beverages, along with a growing awareness of the need of product preservation. Furthermore, sectors such as pharmaceuticals and healthcare rely on oxygen scavengers to keep their products safe. The market is likely to grow further as emerging economies industrialise and manufacturing activity increases. The demand for effective oxygen scavenging solutions is expected to expand in line with these advances. It's a dynamic environment with several prospects for innovation and growth.
Oxygen Scavengers Market Value Chain Analysis
The value chain begins with vendors who provide raw ingredients for the production of oxygen scavengers. Iron powder, activated carbon, sodium sulfite, and other common ingredients are used. Manufacturers of oxygen scavengers obtain raw ingredients and employ various chemical procedures to create scavenger products. This stage entails research and development to improve the scavengers' efficacy and environmental sustainability. Some oxygen scavengers are built directly into packaging materials. At this step, manufacturers create packaging materials with oxygen-scavenging capabilities. The oxygen scavenger-embedded components are sourced by packaging providers, who then build packaging solutions. Food and beverage, pharmaceutical, and other industries employ oxygen scavengers as part of their packaging solutions. Scavengers are included into products by end users to enhance shelf life and maintain product quality.
Oxygen Scavengers Market Opportunity Analysis
Creating environmentally friendly oxygen scavengers to meet rising consumer and industry demand for sustainable and biodegradable packaging solutions. This could include the use of bio-based materials or the development of recyclable packaging. Customising oxygen scavenger solutions to satisfy the needs of various industries, including food and beverage, pharmaceuticals, and electronics. Exploring prospects in new markets and broadening the worldwide reach of oxygen scavenger products. As industry spreads across the globe, the demand for preservation solutions is expected to expand. Investing in educational efforts to improve consumer and industry understanding of the benefits of utilising oxygen scavengers. This has the potential to promote acceptance and market growth. Using digital technologies and the Internet of Things (IoT) to continuously monitor and adjust the effectiveness of oxygen scavengers.
Global Oxygen Scavengers Market Report Coverage
|Market Size in 2023:
|USD 3.3 billion
|Forecast Period 2023-2033 CAGR:
|2033 Value Projection:
|USD 4.7 billion
|Historical Data for:
|No. of Pages:
|Tables, Charts & Figures:
|By Type, By End-use, By Geographic
|Accepta Ltd., Angus Chemical Company, Arkema, Baker Hughes, BASF SE, Clariant Inc., Desiccare, Inc., Eastman Chemical Company, Ecolab Inc., Henkel AG & Co. KGaA, Innospec Inc., Kemira, Multisorb Technologies Inc., Plastichem (PTY) LTD, PolyOne Corporation, Sealed Air Corporation, Solenis, Solvay America Inc., SUEZ Water Technologies & Solutions, Tetra Technologies, Inc., and
|Growing demand for fresh and quality packaged food
|Pitfalls & Challenges:
|COVID-19 Empact,Challenges, Future, Growth, & Analysis
Get more details on this report -
Oxygen Scavengers Market Dynamics
Growing demand for fresh and quality packaged food
By lowering the presence of oxygen, which is a major contributor in food deterioration, oxygen scavengers serve to extend the shelf life of packaged food. This is especially crucial for perishable foods, as it ensures they stay fresh for a longer period of time. Fresh and high-quality packaged food is important not only for flavour but also for preserving the nutritional worth of the products. Oxygen scavengers help to preserve the nutritious content of foods, hence keeping their health advantages. As the food sector grows more globalised, items that can tolerate longer transportation and storage times are in demand. Oxygen scavengers play an important function in protecting food freshness over these long supply networks.
Restraints & Challenges
The development of effective oxygen scavengers using innovative technologies and environmentally benign materials can be costly at times. To remain competitive, manufacturers must strike a compromise between the need for innovation and cost-effectiveness. It is critical to educate customers about the benefits and safety of oxygen scavengers. Consumer acceptance and use of these technologies may be hampered by a lack of information or misconceptions about them. It can be difficult to develop oxygen scavengers that are compatible with a wide range of food products. Different meals have different requirements, therefore developing a universal solution that works for a wide range of items is a difficult issue. Economic changes and uncertainty can have an impact on consumers' and companies' purchasing power.
North America Market Statistics
Get more details on this report -
North America is anticipated to dominate the Oxygen Scavengers Market from 2023 to 2033. Because of changing lives and preferences, North America has seen a constant increase in packaged food demand. As a result, effective oxygen scavengers are required to retain the freshness and quality of packed food. North America is a centre for technical progress and creativity. Companies in the region make significant investments in R&D to increase the efficiency and sustainability of oxygen scavenger systems. Several significant participants in the packaging sector, including those specialising in oxygen scavengers, are based in North America. The presence of these industry leaders contributes to the market's overall growth and competitiveness. With the rise of e-commerce, there is a greater need for efficient packing solutions to ensure the safe shipping of goods.
Asia Pacific Market Statistics
Asia Pacific is witnessing the fastest market growth between 2023 to 2033. The APAC area is seeing rapid industrialization and economic growth. This has raised the demand for oxygen scavengers, particularly in industries such as food and beverage, medicines, and electronics. With the expansion of e-commerce platforms in the Asia-Pacific area, there is a greater need for effective packing solutions. Oxygen scavengers aid in the preservation of product quality throughout transit and storage. Due to the large geographical breadth of the APAC area, effective supply chain management is critical. To ensure product integrity throughout the supply chain, oxygen scavengers must be seamlessly integrated into packing materials.
Insights by Type
The metallic oxygen absorbers segment accounted for the largest market share over the forecast period 2023 to 2033. Metallic oxygen absorbers, which frequently contain iron powder, have proven to be quite successful in eliminating oxygen from sealed spaces. Their ability to rapidly absorb oxygen aids in the preservation of many items. Metallic oxygen absorbers are used in a variety of industries, such as food & drinks, medicines, and electronics. Their adaptability makes them suited for a wide range of packaging requirements, aiding to the segment's growth. Metallic oxygen absorbers often have a longer shelf life, providing producers with a solid and dependable solution. This feature is critical for ensuring that oxygen scavengers work consistently throughout the product life cycle. The global increase in demand for packaged goods, notably in the food and pharmaceutical sectors, has raised the demand for effective oxygen scavengers such as metallic absorbers.
Insights by End Use
The food and beverage segment accounted for the largest market share over the forecast period 2023 to 2033. The global trend towards convenience and on-the-go eating has resulted in a huge increase in packaged food demand. This increase provides a sizable market for oxygen scavengers, which are critical in maintaining the freshness and quality of packaged food goods. Health and wellness trends are driving an increasing consumer desire for minimally processed and fresh food products. Oxygen scavengers help to preserve the nutritional content and sensory qualities of such meals. Rapid urbanisation and the rise of middle-class populations in emerging nations all contribute to an increase in packaged food and beverage consumption. This demographic shift increases the demand for oxygen scavengers, which are necessary to maintain the quality of these products.
Recent Market Developments
- In September 2017, BASF purchased Thermotek, a Mexican supplier of waterproofing systems, to boost its Construction Chemicals segment.
Major players in the market
- Accepta Ltd.
- Angus Chemical Company
- Baker Hughes
- BASF SE
- Clariant Inc.
- Desiccare, Inc.
- Eastman Chemical Company
- Ecolab Inc., Henkel AG & Co. KGaA
- Innospec Inc.
- Multisorb Technologies Inc.
- Plastichem (PTY) LTD
- PolyOne Corporation
- Sealed Air Corporation
- Solenis, Solvay America Inc.
- SUEZ Water Technologies & Solutions
- Tetra Technologies, Inc.
This study forecasts revenue at global, regional, and country levels from 2023 to 2033.
Oxygen Scavengers Market, Type Analysis
Oxygen Scavengers Market, End Use Analysis
- Food & Beverage
- Oil & Gas
Oxygen Scavengers Market, Regional Analysis
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- South America
- Middle East & Africa
- Saudi Arabia
- South Africa
Need help to buy this report?