Oxygen Scavenger Market Key Factors And Emerging Opportunities With Current Trends Analysis 2029

Market Overview:
The global Oxygen Scavenger Market was valued at USD 1.98 billion in 2021 and is expected to reach USD 2.68 billion by the year 2028, at a CAGR of 4.4%.

Oxygen scroungers alluded to as oxygen safeguards, are utilized uncommonly to survive or kill oxygen from bundled food sources and furthermore in feed water for kettle frameworks. Oxygen foragers are extremely durable synthetic safeguards that have a place with sub-atomic oxygen that is used to guard or to control oxygen crumbling rate and to forestall wastage in bundled food sources, refreshments, drugs, and clinical gadgets. Oxygen scavengers are also used to control corrosion in industrial liquid separation processes like distillation, extraction, and wastewater treatment plants, where saltwater is typically produced in large quantities, as well as to prevent corrosion of metal and alloy-fabricated equipment

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Market Dynamics:
Driver:
Oxygen scavenger demand is anticipated to accelerate in the coming years due to consumers' growing preference for fresh, high-quality packaged food. Developing worries about food wastage and security worries over the world are projected to arise as key drivers. The interest in oxygen scroungers has noticed outrageous development because of their oxygen assimilation capacity, which forestalls the wastage of food things and other consumables. Today's customers want food that can be stored for longer and is ready to eat.

Opportunities:
Growing Disposable Incomes and Working Population
Oxygen scavengers extend the shelf life of products and preserve the nutrition, color, and fragrance of freshly prepared foods. Due to shifting lifestyles, rising disposable incomes, and the overall convenience of packaged goods, consumers are increasingly choosing packaged food. Factors, for example, the ascent in the functioning populace, wedded couples with twofold pay, experts avoiding home, telecommute drives, and development in family units are working on the interest for bundled food, which thusly is animating the interest for oxygen scroungers.

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The Report Will Contains A Crucial Chapter
• Patent Analysis
• Regulatory Framework
• Technology Roadmap
• BCG Matrix
• Heat Map Analysis
• Price Trend Analysis
• Investment Analysis
• Company Profiling and Competitive Positioning
• Industry Value Chain Analysis
• Market Dynamics and Factors
• Porter's Five Forces Analysis
• Pestle Analysis
• SWOT Analysis

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The Major Players Covered in this Report:
• BASF SE
• Accepta Ltd.
• Multisorb Technologies Inc.
• Mitsubishi Gas Chemical Company Inc.
• Angus Chemical Company
• Arkema S.A.
• Chemfax Products Ltd.
• Solenis LLC
• Clariant International Ltd.
• RoEmex Limited
• Eastman Chemical Company
• Ecolab Inc.
• Guardian Chemicals Inc.
• Thermax Ltd
• Henkel AG & Co. KGaA
• Hydrite Chemical Co.
• TETRA Technologies Inc.
• SUEZ Water Technologies & Solutions and other major players.

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Segmentation of the Oxygen Scavenger Market
By Type
• Metallic Oxygen Scavengers
• Non-Metallic Oxygen Scavengers

By Composition
• Organic
• Inorganic

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

By End-Use Industry
• Food & Beverage
• Pulp& Paper
• Pharmaceutical
• Others

Regional Analysis of Oxygen Scavenger Market:
The Asia-Pacific region is expected to dominate the oxygen scavenger market during the forecast period, due to the rising demand from countries, like India and China. The Chinese food and beverage industry is enormous and plays an important role in the country's economy. The food and beverage industry are anticipated to record continuous growth, owing to the growing number of the middle-class population, with more purchasing power, as well as growing attention on food safety and food quality. China is a hub for chemical processing, accounting for a major chunk of the chemicals produced globally. With the rising demand for various chemicals globally, the demand for oxygen scavengers from this sector is estimated to increase over the forecast period.
• North America (U.S., Canada, Mexico)
• Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
• Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
• Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)
• South America (Brazil, Argentina, Rest of SA)

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Key Industry Developments In The Oxygen Scavenger Market
In February 2020, Clariant, a specialty chemical firm, has produced the latest recipe for its MEVOPUR range of medical-grade packaging materials and services to extend therapeutic goods shelf life. The new MEVOPUR Safe formula launches a modern oxygen-scavenging additive to overcome the oxygen oxidation in medications and nutraceuticals contained in bottles of polyethylene terephthalate (PET).

In September 2020, Avient launched MEVOPUR ProTect oxygen scavenger at Medtec China 2020. This product decreases the oxygen degradation of drugs and nutraceuticals stored in PET bottles. It is utilized as an additive in food packaging. This product focus to improve the shelf life of pharmaceutical products.

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