Oxygen Scavengers

Oxygen Scavengers

Global Oxygen Scavengers Market to Reach US$3.0 Billion by 2030

The global market for Oxygen Scavengers estimated at US$2.2 Billion in the year 2023, is expected to reach US$3.0 Billion by 2030, growing at a CAGR of 5.0% over the analysis period 2023-2030. Metallic Oxygen Scavengers, one of the segments analyzed in the report, is expected to record a 4.6% CAGR and reach US$1.8 Billion by the end of the analysis period. Growth in the Non-Metallic Oxygen Scavengers segment is estimated at 5.5% CAGR over the analysis period.

The U.S. Market is Estimated at US$608.7 Million While China is Forecast to Grow at 7.3% CAGR

The Oxygen Scavengers market in the U.S. is estimated at US$608.7 Million in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$467.0 Million by the year 2030 trailing a CAGR of 7.3% over the analysis period 2023-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 3.3% and 4.4% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 3.9% CAGR.

Global Oxygen Scavengers Market - Key Trends & Drivers Summarized

Oxygen scavengers, also known as oxygen absorbers, are substances used to remove or decrease the level of oxygen in packaging, thus preserving the quality and shelf life of perishable products. These scavengers are commonly found in food packaging, pharmaceuticals, and industrial applications where oxygen can cause degradation or spoilage. The primary components of oxygen scavengers include iron powder, ascorbic acid, and enzymes, which react with oxygen to form non-reactive compounds. In food packaging, oxygen scavengers help to prevent the growth of aerobic microorganisms and the oxidation of fats, oils, and vitamins, thereby maintaining the freshness and nutritional value of the food. In the pharmaceutical industry, they protect drugs from oxidation, ensuring their efficacy and safety. The industrial sector uses oxygen scavengers to prevent rust and corrosion in metal components and machinery, enhancing their longevity and performance.

Technological advancements have significantly improved the efficiency and application range of oxygen scavengers. Modern scavengers are designed to be more selective, targeting only the oxygen while leaving other gases in the packaging untouched. This selectivity is crucial for modified atmosphere packaging, where other gases like nitrogen and carbon dioxide are used to prolong shelf life. Advances in materials science have led to the development of oxygen scavengers that are more effective at lower temperatures, expanding their use in refrigerated and frozen products. Additionally, the integration of nanotechnology has enabled the creation of more efficient and compact scavengers that can be easily incorporated into various packaging materials, including plastics, films, and bottle caps. These innovations have broadened the application scope of oxygen scavengers, making them indispensable in maintaining product quality across different industries.

The growth in the oxygen scavengers market is driven by several factors. The increasing demand for packaged and convenience foods, driven by changing consumer lifestyles and preferences, is creating a substantial need for effective packaging solutions to extend shelf life and ensure food safety. The pharmaceutical industry`s growth, coupled with stringent regulations on drug safety and efficacy, is boosting the demand for oxygen scavengers to protect sensitive medications from oxidation. Technological advancements in packaging materials and the development of more efficient and versatile scavengers are encouraging their adoption across various sectors. Furthermore, the rising awareness about food waste and the need for sustainable packaging solutions are promoting the use of oxygen scavengers to reduce spoilage and extend the usability of products. Lastly, the expansion of the global supply chain and the need to preserve product quality during long-distance transportation are driving the market for oxygen scavengers. Together, these factors are fostering a dynamic and expanding market for oxygen scavengers, presenting significant opportunities for innovation and growth.

Select Competitors (Total 46 Featured) -

• Eastman Chemical Company
• Mitsubishi Gas Chemical Co., Inc.
• Kemira Oyj
• Accepta
• Chemfax
• Chemtex Speciality Limited
• Guardian Chemicals, Inc.
• Bell Chem Corp.
• Jay Dinesh Chemicals
• Desiccare, Inc.
• Multisorb Filtration Group
• KPL International Limited
• NuGenTec
• Avient Corp.
• Chemco Industries, Inc.

Please note: Reports are sold as single-site single-user licenses. Electronic versions require 24-48 hours as each copy is customized to the client with digital controls and custom watermarks. The Publisher uses digital controls protecting against copying and printing is restricted to one full copy to be used at the same location.

The latest version of Adobe Acrobat Reader is required to view the report. Upon ordering an electronic version, the Publisher will provide a link to download the purchased report.

Prior to fulfillment of an order, the client will be required to sign a document detailing the purchase terms for a publication from this publisher.