Report Id: SNS/C&M/2386 | July 2022 | Region: Global | 125 Pages
Report Scope & Overview:
Oxygen Scavenger Market Size was valued at USD 2.21 billion in 2022, and is expected to reach USD 3.34 billion by 2030, and grow at a CAGR of 5.3 % over the forecast period 2023-2030.
For enclosed packaging, oxygen scavengers or oxygen absorbers are advised to help minimize or eliminate the amount of oxygen. They support maintaining food standards and extending shelf life. Oxygen absorbers come in a variety of designs that are suited for a variety of applications. The specifications of an oxygen absorber vary depending on the intended application, the object being maintained's water activity and other factors. Although it can also be a part of packaging films, the oxygen absorber or scavenger is typically enclosed in a permeable pouch or package.
Demand for Fresh and Quality Packaged Food Is Growing
Growing Demand from End-Use Industries for Process Water
Consumer concern over reducing food waste and demand for advanced packaging is growing
Oxygen scavengers are non-volatile substances.
There are several oxygen scavenger compounds that have health risks.
Growing disposable incomes and a Rise in the Demand for Packaged Food in Emerging Economies
Technical Expertise Required to Handle Some Oxygen Scavengers
The use of oxygen scavenger sachets in food packaging generally causes annoyance
Impact of Covid-19:
Applications for oxygen scavengers include water treatment to remove oxygen that could otherwise destroy machinery, pipelines, etc., as well as food or medicine packaging in industries including food & beverage, power, oil & gas, pharmaceutical, pulp & paper, chemical, and so forth. Globally, the pandemic has had an effect on industries like food and beverage, textiles, pulp and paper, and power. The COVID-19 epidemic hindered the water sector's expansion in 2020 while it was under lockdown. The industry had to deal with emergency measures, a change in demand patterns, and supply chain interruptions. Due to closures or decreased activity, many important water users lowered their needs. During this economic crisis, revenue loss and a decline in capital expenditures were noted.
Short-term revenue increases and growth stabilisation are anticipated with the help of strategies like long-term CAPEX planning to build resilience, maintaining hygienic workplaces, government financial support, improved supply chain planning, appropriate communication, and restarting industrial operations.
SUEZ Water Technologies & Solutions, BASF SE, Mitsubishi Gas Chemical Company, Inc., Arkema Group, Ecolab Inc., Clariant AG, Accepta, and other players.
Inorganic oxygen scavengers
Organic oxygens scavengers
By End-use industry
Food & beverage
Oil & gas
Pulp & paper
The oxygen scavengers market in Asia Pacific, which would develop at the quickest rate, produced around USD 800 million in 2018. This significant expansion can be attributed to the region's food and beverage packaging industry's positive tendencies. Future market expansion is projected to be aided by rising packaged food consumption and a focus on reducing food waste.
Due to increasing demand from the pharmaceutical packaging and oil & gas industries, the North American market will expand at a CAGR of about 3.5 percent over the anticipated time period. North America held more than 45% of the global pharmaceutical industry in 2017, according to the European Federation of Pharmaceutical Industries and Associations (EFPIA). The demand for the product will rise in the future due to an increase in applications involving the preservation of medications for designated periods of time.
Rest of Europe
Rest of Asia-Pacific
The Middle East & Africa
Rest of Middle East & Africa
Rest of Latin America
|Market Size in 2022||US$ 2.21 Billion|
|Market Size by 2030||US$ 3.34 Billion|
|CAGR||CAGR of 5.3% From 2023 to 2030|
|Report Scope & Coverage||Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook|
|Key Segments||• By Type (Inorganic oxygen scavengers, Organic oxygens scavengers)
• By End-use industry (Food & beverage, Pharmaceutical, Power, Oil & gas, Chemical, Pulp & paper, Others)
|Regional Analysis/Coverage||North America (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
|Company Profiles||SUEZ Water Technologies & Solutions, BASF SE, Mitsubishi Gas Chemical Company, Inc., Arkema Group, Ecolab Inc., Clariant AG, Accepta, and other players.|
|DRIVERS||• Demand for Fresh and Quality Packaged Food Is Growing
• Growing Demand from End-Use Industries for Process Water
• Consumer concern over reducing food waste and demand for advanced packaging is growing
|Restraints||• Oxygen scavengers are non-volatile substances.
• There are several oxygen scavenger compounds that have health risks.
Frequently Asked Questions (FAQ) :
Ans: Manufacturers, Consultant, aftermarket players, association, Research institute, private and universities libraries, suppliers and distributors of the product.
Ans: SUEZ Water Technologies & Solutions, BASF SE, Mitsubishi Gas Chemical Company, Inc., Arkema Group, Ecolab Inc., Clariant AG, Accepta, and other players are the major key players of Oxygen Scavenger Marke
Ans: Growing disposable incomes and a Rise in the Demand for Packaged Food in Emerging Economies are the opportunity for Oxygen Scavenger Market.
Ans: Demand for Fresh and Quality Packaged Food Is Growing and Growing Demand from End-Use Industries for Process Water.
Ans: Oxygen Scavenger Market Size was valued at USD 2.1 billion in 2021, and expected to reach USD 3.02 billion by 2028, and grow at a CAGR of 5.3 % over the forecast period 2022-2028.
Table of Contents
1.1 Market Definition
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia war
4.3 Impact of ongoing Recession
4.3.2 Impact on major economies
184.108.40.206 United Kingdom
220.127.116.11 South Korea
18.104.22.168 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8.Oxygen Scavenger Market Segment, By Type
8.1 Inorganic oxygen scavengers
8.2 Organic oxygens scavengers
9.Oxygen Scavenger Market Segment, By End-use industry
9.1 Food & beverage
9.4 Oil & gas
9.6 Pulp & paper
10. Regional Analysis
10.2 North America
10.3.6 The Netherlands
10.3.7 Rest of Europe
10.4.2 South Korea
10.4.6 Rest of Asia-Pacific
10.5 The Middle East & Africa
10.5.3 South Africa
10.6 Latin America
10.6.3 Rest of Latin America
11. Company Profile
11.1 SUEZ Water Technologies & Solutions,
11.1.2 Products/ Services Offered
11.1.3 SWOT Analysis
11.1.4 The SNS view
11.2 BASF SE
11.3 Mitsubishi Gas Chemical Company, Inc.
11.4 Arkema Group
11.5 Ecolab Inc.
11.6 Clariant AG
12.1 Competitive Benchmark
12.2 Market Share analysis
12.3 Recent Developments
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