Oxygen Scavenger Market is projected to surpass around USD 3.46 billion by 2029 at a CAGR of 5.9% | BASF SE, Clariant AG, Ecolab Inc

Exactitude Consultancy Market Research analyses that the Oxygen Scavenger Market will witness a CAGR of 5.9% for the forecast period of 2023-2029 and is likely USD 2.09 billion in 2022 to reach at USD 3.46 billion by 2029.

Oxygen scavengers extract trapped oxygen inside sealed packaging. To minimize spoiling, mold formation, color change, rancidity, nutritional value loss, and overall product quality loss, these scavengers are frequently used during packaging. These scavengers preserve the original food quality and extend the shelf life of the product. Aerobic pathogens and food spoilage organisms are inhibited by oxygen scavengers, as are the degradation and rancidity of polyunsaturated fats and oils, the oxidation of vitamins A, C, and E, and the non-enzymatic browning of fruits and vegetables. The use of oxygen scavengers helps products to be healthier. These factors are driving the global oxygen scavenger market forward.

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Oxygen Scavengers Market Dynamics

✦ Drivers

Increasing demand for oxygen scavengers in the packaging industry

Oxygen scavengers are widely used in the packaging industry to extend the shelf life of food and beverage products. The growing demand for packaged and processed foods, coupled with the increasing need to minimize food waste, is driving the demand for oxygen scavengers in the packaging industry. Manufacturers are developing new oxygen scavengers that are more efficient and cost-effective to cater to the growing demand from the packaging industry.

Rising demand from the water treatment industry

The water treatment industry is another major end-user of oxygen scavengers. Oxygen scavengers are used to remove dissolved oxygen from water, which can cause corrosion and damage to industrial equipment. With the growing demand for clean and safe water, the demand for oxygen scavengers in the water treatment industry is increasing. Manufacturers are developing oxygen scavengers that are effective in removing dissolved oxygen from water, while also being environmentally friendly and cost-effective.

✦ Restraints

Environmental Concerns

Oxygen scavengers are often made from synthetic materials that can be harmful to the environment. The use of such materials can lead to pollution and other environmental issues. This can lead to increased regulatory pressure on manufacturers to use more eco-friendly materials, which can impact the growth of the market.

Prominent Key players of the Oxygen Scavenger Market survey report:

Historical data available in the report elaborates on the development of the Oxygen Scavenger on national, regional and international levels. Market Research Report presents a detailed analysis based on the thorough research of the overall market, particularly on questions that border on the market size, growth scenario, potential opportunities, operation landscape, trend analysis, and competitive analysis. Some Key Competitors of the Market are - Mitsubishi Gas Chemical Company, Inc., BASF SE, Clariant AG, Ecolab Inc., SUEZ Water Technologies & Solutions, Accepta, and Arkema Group.

Recent Developments

In August 2022, Solenis, a manufacturer of specialty chemicals, announced that it had made an agreement to acquire Clearon, a company that produces disinfectants and sanitizers. This acquisition has enabled Solenis to enhance its position in the water treatment sector.

In May 2021, Mitsubishi Gas Chemical Company announced that it had developed a new type of oxygen scavenger material that can be used in the packaging of food and pharmaceutical products. The new material is said to be more effective at removing oxygen from packaging than existing solutions, which could lead to longer shelf life for products and reduced waste.

In July 2021, Clariant, a Swiss specialty chemical company, announced that it had expanded its line of oxygen scavenger products with the launch of a new masterbatch solution. The new masterbatch is designed to be added to plastic packaging materials to improve their oxygen-scavenging capabilities, helping to extend the shelf life of packaged products.

Oxygen Scavenger Market Segmentation:

Oxygen Scavenger Market by Type,2023-2029, (USD Million), (Kilotons)

» Inorganic Oxygen Scavengers

» Organic Oxygen Scavengers

Oxygen Scavenger Market by End Use Industry,2023-2029, (USD Million), (Kilotons)

» Food &Beverage

» Pharmaceutical

» Power

» Oil &Gas

» Chemical

» Pulp & Paper

The regional outlook by revenue covers the countries namely:

✦ North America (United States, Canada and Mexico)

✦ Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)

✦ Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)

✦ South America (Brazil, Argentina, Colombia, and Rest of South America)

✦ Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)

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Key Features of the Oxygen Scavenger Market Report: -

⇨  Analyse competitive developments such as expansions, deployments, new product launches, and market acquisitions.

⇨  Examine the market opportunities for stakeholders by identifying higher growth sections.

⇨  To study and analyse the global Oxygen Scavenger industry status and forecast including key regions.

⇨  An in-depth analysis of key product segments and application spectrum, providing strategic recommendations to incumbents and new entrants to give them a competitive advantage over others.

⇨  It provides a comprehensive analysis of key regions of the industry as well as a SWOT analysis and Porter's Five Forces analysis to provide a deeper understanding of the market.

⇨  It helps you make strategic business decisions and investment plans.

Competitive Landscape

Competition has been growing for the Oxygen Scavenger industry as the supply and demand has been on an increasing trend sine past decade. This report gives a detailed analysis of the presence of various small, medium and micro enterprises in the industry of numerous scales, their relative sizes, product offerings, and market positions in the pre and post pandemic situations. Additionally, the report provides an overview of the competitor strategy with regards to business and corporate office and functions have been provided. The report also mentions about the operations, technology infrastructure, marketing strategies and financial capabilities. Thus, the report gives a very good understanding of the market to the shareholders and stakeholders from an overall perspective.

Highlight the Following Key Factors:

► Business Description: a particular description of agency operations and enterprise departments.

► Company Strategy: The analyst's precis of the company's commercial enterprise strategy.

► SWOT Analysis: Detailed evaluation of the company's strengths, weaknesses, opportunities, and threats.

► Company History: The development of predominant occasions associated to the company.

► Main merchandise and services: A listing of the company's fundamental products, services, and brands.

► Main Competitors: A listing of the company's fundamental competitors.

► Important places and subsidiaries: The company's major places and subsidiaries' listing and contact information.

► Detailed economic ratios of the previous 5 years: The trendy monetary ratios come from the annual economic statements issued by means of agencies with a record of 5 years.

Table of Contents

Global Oxygen Scavenger Market Research Report 2023-2029

1 Oxygen Scavenger Market Overview

1.1 Product Overview and Scope of Oxygen Scavenger

1.2 Oxygen Scavenger Segment by Type (Product Category)

1.3 Global Oxygen Scavenger market Segment by Application

1.4 Global Oxygen Scavenger Market by Region (2023-2029)

1.4.1 Global Oxygen Scavenger Market Size (Value) and CAGR (%) Comparison by Region (2023-2029)

1.4.2 North America Status and Prospect (2023-2029

1.4.3 Europe Status and Prospect (2023-2029)

1.4.4 China Status and Prospect (2023-2029)

1.4.5 Japan Status and Prospect (2023-2029)

1.4.6 Southeast Asia Status and Prospect (2023-2029)

1.4.7 India Status and Prospect (2023-2029)

1.5 Global Market Size (Value) of Oxygen Scavenger (2023-2029)

1.5.1 Global Oxygen Scavenger Revenue Status and Outlook (2023-2029)

1.5.2 Global Oxygen Scavenger Capacity, Production Status and Outlook (2023-2029)

…

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