Oxygen Scavengers Market: Industry Forecast (2022-2029) by Type, End-Use Industry, Form and Region

Oxygen Scavengers Market size was valued at US$ 2.30 Bn. in 2022 and the total revenue is expected to grow by 5.7% from 2023 to 2029, reaching nearly 3.39 Bn.

Oxygen scavengers, also known as oxygen absorber, is predominantly used to reduce or remove oxygen from different kinds of packages and feed water for boiler systems. It stops deteriorating reactions brought on by oxygen availability, enhancing the ability of numerous products & processes to function. Active packaging includes oxygen scavengers that are used exclusively for packaging purposes. This kind of packaging reacts to changes in the environment and is frequently used in the food, beverage, and pharmaceutical industries.

The market is being driven by an increase in demand from the processed food industry for oxygen scavengers. The market for oxygen scavengers is being driven by growing awareness about how to reduce food waste caused by unkempt packaging. The market is also being driven by an increase in urbanisation in emerging economies like APAC, the Middle East & Africa, and South America, along with an increase in the demand for water from industrial processes used in a variety of industries including food & beverage, power, oil & gas, chemical, and pulp & paper.To know about the Research Methodology :- Request Free Sample Report
Oxygen Scavengers Market Dynamics:
Growing Demand for Quality Packaged Food
In sealed packaging, trapped oxygen is absorbed by oxygen scavengers. These scavengers are typically employed during packaging to stop spoilage, mould development, colour change, rancidity, loss of nutritional content, and loss of overall product quality. These scavengers keep the food's original quality while extending the product's shelf life. Oxygen scavengers delay the non-enzymatic browning of various fruits and vegetables along with the growth of aerobic pathogens and food spoilage organisms. They also stop the breakdown and rancidity of polyunsaturated fats and oils. Products are healthier when oxygen scavengers are used. These elements are fueling the growth of the oxygen scavenger market across the globe.

To minimise oxygen in the package, oxygen scavengers are frequently employed in food, beverage, and pharmaceutical packaging. Scavengers of oxygen preserve the flavour, colour, smell, and nutritional value of newly prepared food while extending the shelf life of goods. Due to shifting lifestyles, greater disposable incomes, and the general convenience of packaged goods, consumers are choosing to buy more packaged food.

The need for oxygen scavengers is being fueled by factors such as a growth in the working population, married couples with two incomes, professionals living away from home, work-from-home initiatives, and a rise in nuclear families. These factors also increase the demand for packaged food across the globe.


Non-Volatile Nature Harmful Side Effects
In many different industries, oxygen scavengers are incredibly useful at preventing corrosion of expensive boiler equipment. The most often utilised oxygen scavengers in water treatment applications are sulfites and bisulfites. These scavengers, however, are non-volatile, thus they don't depart the boiler with the steam. These oxygen scavengers increase the number of dissolved solids in the water, which affects conductivity. To maintain optimum boiler water chemistry, this contaminant needs to be blown out of the system. This is one of the main things preventing the market for oxygen scavengers from growing.

Human health is adversely affected by oxygen scavengers like hydrazine and iron oxides. For instance, hydrazine exposure in humans can irritate the eyes, nose, and throat as well as lead to headaches, nausea, pulmonary edoema, convulsions, and coma. The US Food and Drug Administration (FDA) has classified it as a probable carcinogen. Iron oxide exposure in humans can result in symptoms such as fever, coughing up blood, and pneumoconiosis. The creation and implementation of numerous action plans against handling dangerous substances have been prompted by the health problems associated with oxygen scavengers.

Thanks to increase in production from pharmaceutical and food & beverage applications in developing nations for the development and growth of various industries. More producers are anticipated to enter the industry, and they are expected to offer platform-centric tools and supplies. To reduce complexity and lower operating costs, new enterprises entering the market would concentrate on inventing and delivering cutting-edge technologies. In addition, the increasing product adoption in developing countries will be a crucial area for industry growth.
Oxygen Scavengers Market Segment Analysis:
By End-Use Industry, the Oxygen Scavengers Market is segmented into Metal and Non-metallic. The Metal oxygen scavengers segment held the largest market share in 2022. Metal oxygen scavengers include Iron oxide, bisulfite ions, sodium bisulfite, and metal halides. They are easier to control and react more quickly than non-metallic ones. The use of these scavengers to prevent spoilage, mold growth, and color change is expected to drive growth. The non-metallic oxygen scavengers segment is expected to grow at the fastest rate through the forecast period. A less dangerous environment and better scavenger use in food packaging, where it is difficult to identify metal, may be related to growth. These include activated charcoal, ascorbic acid, lime, hydrazine, and oxidase oxygen. They are probably more expensive than metallic models.



By End-Use Industry, the Oxygen Scavengers Market is segmented into Food & beverage, Pharmaceutical, Power, Oil & gas, Chemical, Pulp & paper, and Others. The Food & beverage segment dominated the market share in 2022. Thanks to the rise in demand for packaged foods of higher quality, the rise in demand for convenience foods, the decrease in food waste, and the rapid urbanisation of emerging nations, food and beverage is the largest end-use industry for oxygen scavengers. These substances prolong the freshness of processed foods and lengthen their shelf lives. The need for oxygen scavengers in the food and beverage industry is also being driven by the rise in income levels and the growth of the middle-class population.
Oxygen Scavengers Market Regional Insights:
Asia Pacific dominated the market with the largest market share in 2022. The oxygen scavengers' fastest-growing market is in APAC. The region's growing economies include those in India, China, Indonesia, Malaysia, Singapore, Vietnam, and Thailand, where the consumption of packaged and easy food is growing. In addition, rising urbanisation rates and population growth are driving the demand for high-quality processed food items and increasing the consumption of oxygen scavengers.

The market for oxygen scavengers in the region is also being driven by the growth of industrialization, rising demand as a result of changing demographics, such as higher living standards and disposable incomes, and government initiatives to entice investment in sectors like power, oil & gas, and chemical. The growth of end-use industries and the relocation of manufacturing operations to developing nations like China and India are the two factors expected to increase demand for oxygen scavengers.

The North America region is expected to grow at the fastest rate through the forecast period. The region's growth is attributed to the growing demand for quality packaged food in the region. In addition, a number of EPA-developed rules and regulations for food safety are expected to have a favourable effect on the market. Over the forecast period, market growth is expected to be aided by the rising use of oxygen scavengers in the chemical and food and beverage industries.
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Oxygen Scavengers Market


Report Coverage
Details


Base Year:
2022
Forecast Period:
2023-2029


Historical Data:
2017 to 2022
Market Size in 2022:
US $ 2.30 Bn.


Forecast Period 2023 to 2029 CAGR:
5.7%
Market Size in 2029:
US $ 3.39 Bn.


 Segments Covered:
by Type
1. Metal
2. Non-metallic


by End-Use Industry
1. Food & beverage
2. Pharmaceutical
3. Power
4. Oil & gas
5. Chemical
6. Pulp & paper
7. Others


by Form
1. Sachets/Canisters/Bottle Caps & Labels
2. OS Films & PET Bottles
3. Liquid
4. Powder



Oxygen Scavengers Market, by Region
 North America (United States, Canada and Mexico)
 Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
 Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
 Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
 South America (Brazil, Argentina Rest of South America)
Oxygen Scavengers Market, Key Players are
1. Accepta Ltd
2. Arkema Group
3. BASF SE
4. Clariant
5. Kemira
6. Mitsubishi Gas Chemical Company Inc.
7. Solenis
8. Solvay America Inc.
9. SUEZ
10. Chardon Laboratories, Inc.
11. Ricmar Industries
12. Chemco Industries, Inc.
13. Coventya
14. Lubchem
15. QualiChem Technologies

FAQs:

1. What is the study period of the market?
Ans. The Global Oxygen Scavengers Market is studied from 2017-2029.

2. What is the growth rate of the Oxygen Scavengers Market?
Ans. The Oxygen Scavengers Market is growing at a CAGR of 5.7% over the forecast period.

3. What is the market size of the Oxygen Scavengers Market by 2029?
Ans. The market size of the Information Technology Market by 2029 is expected to reach 3.39 Bn.

4. What is the forecast period for the Oxygen Scavengers Market?
Ans. The forecast period for the Oxygen Scavengers Market is 2023-2029.

5. What was the market size of the Oxygen Scavengers Market in 2022?
Ans. The market size of the Oxygen Scavengers Market in 2022 was valued at USD 2.30 Bn.