The global market for Oxygen Scavengers was valued at US$2.3 Billion in 2024 and is projected to reach US$3.0 Billion by 2030, growing at a CAGR of 4.9% from 2024 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.
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.
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.
Scope of the Study
The report analyzes the Oxygen Scavengers market, presented in terms of market value (US$ Thousand). The analysis covers the key segments and geographic regions outlined below.Segments:
Type (Metallic, Non-Metallic); End-Use (Food & Beverage, Pharmaceutical, Chemical, Oil & Gas, Other End-Uses).Geographic Regions/Countries:
World; USA; Canada; Japan; China; Europe; France; Germany; Italy; UK; Spain; Russia; Rest of Europe; Asia-Pacific; Australia; India; South Korea; Rest of Asia-Pacific; Latin America; Argentina; Brazil; Mexico; Rest of Latin America; Middle East; Iran; Israel; Saudi Arabia; UAE; Rest of Middle East; Africa.Key Insights:
- Market Growth: Understand the significant growth trajectory of the Metallic Scavengers segment, which is expected to reach US$1.8 Billion by 2030 with a CAGR of a 4.6%. The Non-Metallic Scavengers segment is also set to grow at 5.5% CAGR over the analysis period.
- Regional Analysis: Gain insights into the U.S. market, valued at $637.7 Million in 2024, and China, forecasted to grow at an impressive 7.2% CAGR to reach $467.0 Million by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2024 to 2030.
- In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
- Company Profiles: Coverage of major players such as Eastman Chemical Company, Mitsubishi Gas Chemical Co., Inc., Kemira Oyj, Accepta, Chemfax and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
Why You Should Buy This Report:
- Detailed Market Analysis: Access a thorough analysis of the Global Oxygen Scavengers Market, covering all major geographic regions and market segments.
- Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
- Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Oxygen Scavengers Market.
- Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.
Key Questions Answered:
- How is the Global Oxygen Scavengers Market expected to evolve by 2030?
- What are the main drivers and restraints affecting the market?
- Which market segments will grow the most over the forecast period?
- How will market shares for different regions and segments change by 2030?
- Who are the leading players in the market, and what are their prospects?
Some of the 46 major companies featured in this Oxygen Scavengers market report include:
- 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.
Table of Contents
I. METHODOLOGYMII. EXECUTIVE SUMMARY2. FOCUS ON SELECT PLAYERSIII. MARKET ANALYSISSOUTH KOREAREST OF ASIA-PACIFICARGENTINABRAZILMEXICOREST OF LATIN AMERICAIRANISRAELSAUDI ARABIAUNITED ARAB EMIRATESREST OF MIDDLE EASTIV. COMPETITION
1. MARKET OVERVIEW
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
UNITED STATES
CANADA
JAPAN
CHINA
EUROPE
FRANCE
GERMANY
ITALY
UNITED KINGDOM
SPAIN
RUSSIA
REST OF EUROPE
ASIA-PACIFIC
AUSTRALIA
INDIA
LATIN AMERICA
MIDDLE EAST
AFRICA
Companies Mentioned
- 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.
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 387 |
| Published | February 2025 |
| Forecast Period | 2024 - 2030 |
| Estimated Market Value ( USD | $ 2.3 Billion |
| Forecasted Market Value ( USD | $ 3 Billion |
| Compound Annual Growth Rate | 4.9% |
| Regions Covered | Global |
| No. of Companies Mentioned | 15 |
