Oxygen Scavenger Market by Type (Inorganic and Organic) and End-Use Industry (Food & Beverages, Pharmaceuticals, Oil & Gas, Chemicals, and Others): Global Market Size Estimates and Forecast (2022-2030)

Code: BMIRE00026368 | Pages: 100 | Industry: Chemicals and Materials | Date: Sep 2022 | Type: Global

The market crossed US$ 2 billion mark in 2022 and is expected to hit US$ 4 billion by 2030, recording a CAGR of 5.5% during the forecast period. 

Increasing Demand for Oxygen Scavengers in the Food & Beverages Industry

Oxygen scavengers, also known as oxygen absorbers, are incorporated in enclosed packaging to decrease the level of oxygen in the package. It is also used as a corrosion inhibitor in chemicals, oil & gas, among other industries. There are two types of oxygen scavengers: organic and inorganic. Organic oxygen scavengers include tannins, diethylhydroxylamine (DEHA), and carbohydrazide whereas inorganic oxygen scavengers include sulphites. Over the past few years, the demand for packaged food has increased significantly. Due to increased hygiene concerns and hectic lifestyle, the preference for packaged food and beverages has also increased. Therefore, manufacturers of food and beverages are making significant investments in extending the shelf life of their products to meet the rising demand. Oxygen scavengers help in inhibiting the pathogenic and bacterial growth in packaged food and beverages which keeps the food fresh for a long period. Oxygen scavengers also prevent spoilage, colour change, loss of nutritional values, and rancidity in food packages. Thus, the rising consumption of packaged food and beverages is driving the demand for oxygen scavengers over the forecast period.

Within the report, the market is segmented into type, end-use industry, and geography. By type, the market is segmented into inorganic and organic. On the basis of end-use industry, the market is segmented into food & beverages, pharmaceuticals, oil & gas, chemicals, and others. Geographically, the market is sub-segmented into North America, Europe, Asia Pacific, South & Central America, and Middle East & Africa.

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Rising Usage of Oxygen Scavengers in Pharmaceutical Packaging

Oxygen scavenger is widely used in pharmaceutical products to prevent the deterioration caused by oxygen. They prevent lipid oxidation, nutrition loss, oxidation of vitamins and minerals by absorbing oxygen and moisture. This increases the shelf life of pharmaceutical products. With rising prevalence of various diseases and infections, there is a high demand for pharmaceuticals and nutraceuticals. Dietary supplements are becoming increasingly popular as consumers are focusing on their immune health and overall wellness. Thus, the rising demand for pharmaceuticals and nutraceuticals and increasing usage of oxygen scavengers in pharmaceutical products are the major factors driving the market growth.

Increasing Utilization in Oil and Gas and Chemical Industries

Oxygen scavengers are used as corrosion inhibitors in oil and gas industries to prevent oxygen-induced corrosion. Moreover, in chemicals industry, oxygen scavenger is used in brine solutions and completion fluids to prevent corrosion from dissolved oxygen. With the significant growth of oil and gas industries due to increasing global population and growth of transportation industry, the demand for oxygen scavengers is also expected to increase in the coming years.

Recent strategic developments in oxygen scavenger market

The oxygen scavenger market has undergone several significant developments, and a few of these have been mentioned below:

  • In April 2020, Avient launched a non-nylon-based, low haze oxygen scavenger under the product line ColorMatrix Amosorb 4020G. The product is suitable for rigid PET (polyethylene terephthalate) packaging and reduces the yellowing of the recycled PET material.
  • In September 2020, Avient launched a new line of oxygen scavengers for the pharmaceutical packaging industry. The product helps in extending the shelf life of drugs and nutraceuticals in PET bottles by limiting oxygen degradation.

The oxygen scavenger market is driven by several players by implementing strategic activities such as investments, new launches, mergers & acquisitions, and partnerships. Mitsubishi Gas Chemical Company, Inc.; BASF SE; Clariant AG; Ecolab Inc.; SUEZ Water Technologies & Solutions; and Accepta are among the prominent players operating in the market.

Target audience for the report:

  • Raw material providers
  • Manufacturers and distributors of oxygen scavenger
  • Government bodies, such as regulating authorities and policy makers
  • Packaging companies and distributors
  • Food and pharmaceuticals packaging companies
  • Research institutes, organizations, and consulting companies

Scope of the report:

In this report, the market has been segmented on the basis of:

  • Type:
    • Inorganic
    • Organic
  • End-Use Industry:
    • Food & Beverages
    • Pharmaceuticals
    • Oil & Gas
    • Chemicals
    • Others
  • Region
    • North America
    • Europe
    • Asia Pacific (APAC)
    • South & Central America
    • Middle East & Africa
  • Companies profiled       
    • Mitsubishi Gas Chemical Company, Inc. 
    • BASF SE
    • Clariant AG
    • Ecolab Inc.
    • SUEZ Water Technologies & Solutions
    • Accepta

Companies profiled
- Mitsubishi Gas Chemical Company, Inc.
- BASF SE
- Clariant AG
- Ecolab Inc.
- SUEZ Water Technologies & Solutions
- Accepta

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