The oxygen scavengers market is currently valued at US$ 2.2 billion and is projected to reach US$ 3.6 billion by 2032. This growth is driven by changing consumer preferences, increasing urbanization, and the rising demand for packaged foods. The expanding use of oxygen scavengers in various industries such as pharmaceuticals, chemicals, and oil & gas is also expected to contribute significantly to market growth over the forecast period. Additionally, increasing investments in developing active packaging solutions are anticipated to create lucrative opportunities in the market.

To capitalize on this growth, oxygen scavenger suppliers are introducing new products aimed at enhancing revenue and gaining a competitive edge. For instance, in September 2020, Avient, a specialized materials manufacturer, launched the MEVOPUR ProTect oxygen scavenger at Medtec China 2020. This innovative product is designed to limit oxygen degradation in nutraceuticals and drugs stored in PET bottles, showcasing the company’s commitment to advancing packaging technology.

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Key Takeaways from Market Study

The global oxygen scavengers market is valued at US$ 2.2 billion in 2022.
Over the next ten years, demand for oxygen scavengers is predicted to rise at a 5% CAGR.
By 2032-end, oxygen scavenger sales are slated to accumulate a revenue value of US$ 3.6 billion.
Increasing investments in the oil & gas industry, rising demand for convenience foods, growing disposable income, increasing population, and changing consumer preferences are prime factors that boost market growth.
The non-volatile nature of oxygen scavengers and health risks associated with prolonged exposure are expected to inhibit market growth in the coming years.
Consumption of oxygen scavengers in China is forecasted to increase at a 6.7% CAGR through 2032.
Sales of metallic oxygen scavengers are estimated to attain a value of US$ 1.8 billion by the end of 2032.
“Increasing investments in the expansion of the manufacturing sector in Asia Pacific are projected to provide lucrative opportunities for oxygen scavenger suppliers going forward,” says a Fact.MR analyst

Key Segments of Oxygen Scavengers Industry Research

By Type:
Organic
Inorganic

By Material:

Metallic
Non-metallic

By End-use Industry:

Food & Beverages
Pharmaceuticals
Power
Oil & Gas
Chemicals
Pulp & Paper
Other Industries
By Region:
North America
Latin America
Europe
APAC
MEA
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Winning Strategy

Oxygen scavenger manufacturers are focusing heavily on research and development to create innovative products, responding to the growing demand across multiple industries. By accelerating the frequency of new product launches, these companies aim to capture a larger market share. Additionally, market players are likely to pursue collaborations, mergers, and partnerships to strengthen their market presence and expand their reach.

The latest industry survey by Fact.MR, a market research and competitive intelligence provider, offers a detailed overview of the strategies employed by both major and minor players in the oxygen scavengers market.

Key Companies Profiled

BASF SE
Baker Hughes
Innospec Inc.
Arkema Group
Clariant
Solvay America Inc.
Kemira
Coventya
Lubchem
Mitsubishi Gas Chemical Company Inc.
Solenis
SUEZ
Accepta Ltd.
Sealed Air Corporation
Ricmar Industries
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More Valuable Insights on Offer

Fact.MR, in its new offering, presents an unbiased analysis of the global oxygen scavengers market, presenting historical demand data (2017-2021) and forecast statistics for the period of 2022-2032.

The study divulges essential insights on the market on the basis of material (metallic, non-metallic), type (organic, inorganic), and end-use industry (food & beverages, pharmaceuticals, power, oil & gas, chemicals, pulp & paper, other industries), across five major regions (North America, Latin America, Europe, Asia Pacific, and the Middle East & Africa).

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