Oxygen scavengers are chemical compounds that remove dissolved oxygen from liquid packaging or breathing gases. They help protect perishable products from spoilage by binding with oxygen and preventing it from coming into contact with the product inside the package. Oxygen scavengers are commonly added to food and beverage packaging as well as industrial and medical gas containers. They help extend product shelf life by slowing down undesirable chemical reactions caused by oxygenation.

The global oxygen scavenger market was valued at US$ 3.5 Bn in 2023 and is expected to exhibit a CAGR of 5.4% over the forecast period 2023 to 2030, as highlighted in a new report published by CoherentMI.

Market Dynamics:

One of the key drivers for the growth of the global oxygen scavenger market is the increasing demand from the food & beverages industry. Oxygen can cause rancidity in edible oils, accelerate the browning of cut fruits and vegetables, compromise the nutrition quality in packaged milk and juices, and promote the growth of aerobic pathogens in meat products if not properly removed from food packaging. Oxygen scavengers thus help improve product quality and safety while enhancing shelf life by 12 months or more for many food items. They reducing oxidation reactions and retard lipid oxidation which damage taste and appearance of packaged food. The growth of the convenient, single-serve food packaging formats is also driving demand for oxygen scavengers globally.

Additionally, innovation in oxygen scavenger technologies is further fueling market growth. Manufacturers are developing advanced oxygen scavengers that work faster as well as over a broader temperature range. Dual-action oxygen scavengers combining iron-based and enzymatic technologies offer improved efficacy. Novel formulations such as self-powered scavengers that use moisture or carbon dioxide as an internal driving force are also gaining popularity.

SWOT Analysis:

Strength: The Global Oxygen Scavenger Market is dominated by major international players with a strong brand presence. Their extensive R&D capabilities allow continuous product innovation and development of efficient oxygen scavengers. In addition, growing end-use industries such as food and beverages, pharmaceuticals, and oil and gas are expanding the application scope of oxygen scavengers.

Weakness: Stringent government regulations regarding the use of chemical-based oxygen scavengers can restrict their use in several industries. Also, availability of alternative oxygen barrier packaging solutions is a challenge faced by players in this market.

Opportunity: Rising focus on enhancing product shelf-life and safety is driving increased adoption of oxygen scavengers across different industries globally. Expanding retail sector in emerging nations also provides new growth avenues. Further, development of bio-based and environment-friendly oxygen scavengers presents an opportunity area.

Global Oxygen Scavenger Market Segmentation:

  • By Type:
    • Organic
    • Inorganic
  • By Application:
    • Flexible Packaging
    • Rigid Packaging
    • Others
  • By End User:
    • Food & Beverage
    • Pharmaceutical
    • Oil & Gas
    • Chemicals
    • Others

Key Takeaways :

The Global Oxygen Scavenger Market Size is expected to witness high growth.

Regional Analysis: North America currently dominates led by strong demand from the food industry in countries like the US and Canada. Rising health awareness is accelerating sales of packaged foods and beverages in the region.
The Asia Pacific market is growing at the fastest rate due to increasing consumer spending, rapid urbanization, and improving economic conditions across countries like China, India, Indonesia, and Vietnam. China, being a major manufacturing hub, accounts for over 30% of the regional market share.

Key players operating in the global oxygen scavenger market are BASF SE, Mitsubishi Gas Chemical Company, Inc., Ecolab Inc., Clariant Ltd., Kemira OYJ, Arkema Group, Baker Hughes Company, Sealed Air Corporation, Solenis LLC, PolyOne Corporation, and Avient,Cortec Corporation. These companies are focused on new product launches, partnerships, and mergers & acquisitions to strengthen their market position globally.

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