Oxygen Scavengers Market Size (2024 – 2030)

The Global Oxygen Scavengers Market was estimated to be worth USD 2.96 billion in 2023 and is projected to reach a value of USD 4.33 billion by 2030, growing at a CAGR of 5.6% during the forecast period 2024-2030.

To assist in removing or lessening the amount of oxygen in enclosed packaging, oxygen scavengers or oxygen absorbers are advised. They support both the extension of shelf life and the preservation of food standards. Numerous varieties of oxygen absorbers are created to fit a variety of purposes. The specifications of an oxygen absorber vary based on the intended application, the item being maintained's water activity, and other elements. Although it can also be a part of packing films, the oxygen absorber or scavenger is typically enclosed in a permeable pouch or package.

Key Market Insights:

To increase the shelf life of medicinal products, Clariant, a specialty chemical company, has developed a new formula for its MEVOPUR line of medical-grade packaging materials and services. The most recent version of MEVOPUR Safe includes a cutting-edge oxygen-scavenging ingredient to lessen oxygen oxidation in pharmaceuticals and nutraceuticals packaged in polyethylene terephthalate (PET) bottles.

A renowned maker of specialty chemicals, Clariant AG, has introduced and patented an oxygen scavenger additive under the trademark Cesa ProTect. Packaging composed of monolayer PET is the novel drug's target market. In the upcoming years, the product is also anticipated to find use in a variety of polyester packaging applications.

Avient unveiled the ColorMatrix Amosorb 4020G product. It is a non-nylon, low-haze oxygen scavenger for PET rigid packaging that lessens the impact on recovered PET by reducing yellowing by 50% during the mechanical recycling process.

Global Oxygen Scavengers Market Drivers:

Growing disposable incomes and rising packaged food consumption in emerging economies:

To minimize oxygen in the container, oxygen scavengers are frequently employed in food, beverage, and pharmaceutical packaging. Scavengers of oxygen preserve the flavor, color, smell, and nutritional value of newly produced food while extending the shelf life of goods. Consumers are opting to purchase more packaged food due to changing lifestyles, rising disposable incomes, and the convenience of packaged items in general. Factors including an increase in the working population, married couples with two incomes, professionals living away from home, and work-from-home options are fueling the need for oxygen scavenge initiatives, and a rise in nuclear families. These factors also raise the demand for packaged food.

Product developments and technological progress can accelerate market expansion:

Major industrial companies are always looking for ways to improve technology to provide better products and work more effectively. Demand is anticipated to increase as a result of the expanding usage of oxygen scavengers in the food and beverage sectors. Additionally, a multiplicity of rules and laws put in place by authorities in various locations must be followed by producers.

Global Oxygen Scavengers Market Challenges:

The non-volatile nature of oxygen scavengers and the absence of technical know-how for managing certain oxygen scavengers:

In many different sectors, oxygen scavengers are incredibly useful in preventing corrosion of expensive boiler equipment. Sulfites and bisulfites are the oxygen scavengers that are most often used in water treatment applications. These scavengers, however, are nonvolatile, so they don't travel with the steam as it leaves the boiler. These oxygen scavengers increase the number of dissolved solids in the water, which affects conductivity. This pollutant needs to be blasted out of the system to ensure optimal boiler water chemistry. This is one of the main things preventing the market for oxygen scavengers from expanding.

Global Oxygen Scavengers Market Opportunities:

The market expansion might be fueled by increasing demand from the water treatment industry:

Another important end-user of oxygen scavengers is the water treatment sector. Dissolved oxygen in water, which may harm industrial equipment and cause corrosion, is removed using oxygen scavengers. The need for oxygen scavengers in the water treatment sector is expanding along with the demand for clean, safe water. Manufacturers are working to create oxygen scavengers that are economical, cost-effective, and efficient in removing dissolved oxygen from water.

OXYGEN SCAVENGERS MARKET REPORT COVERAGE:

Global Oxygen Scavengers Market Segmentation:

Global Oxygen Scavengers Market Segmentation: By Composition

• Organic
• Inorganic

The oxygen scavengers market is divided into organic and inorganic products based on composition. In comparison to organic oxygen scavengers, inorganic oxygen scavengers are employed on a much larger scale, and this category brought in more than USD 950 million. In this market, sodium sulfite, bisulfite, and hydrazine hydrate are utilized to treat boiler feed water, whereas iron-based scavengers are often selected for packing applications.

The market for organic oxygen scavengers will expand at a CAGR of about 5%. Despite having a narrow variety of applications, they have a bright future because of ongoing research and development efforts. This group includes salts manufactured from ascorbic acid and catechol for packaging and salts from carbohydrazide, diethyl hydroxylamine (DEHA), hydroquinone, erythrobate, etc. for treating water in commercial boilers.

Global Oxygen Scavengers Market Segmentation: By Type

• Metallic
• Non-metallic

In terms of type-based segmentation, the oxygen scavenger market was led by the metallic segment by 48%. Among the popular metallic oxygen scavengers with metal in their makeup are sodium bisulfite, metal halides, iron powder, and bisulfite ions. The segment's expansion is driven by the usage of these scavengers to prevent mold development, spoiling, and color change. In comparison to non-metallic scavengers, they are also easy to handle and give fast reactions.

During the anticipated period, a good rise in the non-metallic category is anticipated. The segment's expansion is driven by the reduced toxicity of non-metallic oxygen scavengers and the demand for oxygen scavengers that do not set off metal detectors in certain packaging applications. Because they are more expensive than metallic oxygen scavengers, non-metallic ones are less often used. Hydrazine, ascorbic acid, activated carbon, citrus, and glucose oxidase are a few examples of non-metallic oxygen scavengers.

Global Oxygen Scavengers Market Segmentation: By Form

• Sachets/Canisters/Bottle Caps & Labels
• OS Films & PET Bottles
• Liquid
• Powder

The oxygen scavengers market is divided into four categories based on form: liquid form, powder form, sachets/canisters/bottle caps & labels, OS films & PET bottles. In terms of volume, the sachets, canisters, bottle caps, and labels category had a sizable market share of 30%. They are commonly utilized because they are inexpensive and readily available. Sachets and labels scavenge oxygen far more quickly than materials that are directly included in the packaging. Around the projection period, liquid oxygen absorbers will expand at a CAGR of around 4%. They efficiently eliminate any residual oxygen from boilers while guarding against component corrosion. Industrial boiler productivity is increased, and the likelihood of system failure is reduced.

Global Oxygen Scavengers Market Segmentation: By End-user

• Food & Beverage
• Pharmaceutical
• Oil & Gas
• Power Generation

Food and beverage production is the largest end-use industry for oxygen scavengers because of the growth in demand for higher-quality packaged foods, the rise in demand for quick meals, the decline in food waste, and the quick urbanization of developing countries by 38%. These ingredients increase the freshness and shelf life of processed meals. The need for oxygen scavengers in the food and beverage sector is also being driven by the rise in income levels and the expansion of the middle-class population.

The oxygen scavengers market's pharmaceuticals category is expanding at the highest rate. In the pharmaceutical sector, oxygen scavengers are used to prevent oxidation and deterioration of medications, vaccines, and other healthcare goods. The expansion of this market is being driven by the rising demand for pharmaceutical and medical goods as well as the growing understanding of the detrimental effects of oxygen on these products. Additionally, the demand for more sophisticated oxygen scavenger technologies is being driven by the creation of novel medicine formulations and the rising usage of biologics and biosimilars.

Global Oxygen Scavengers Market Segmentation: By Region

• North America
• Europe
• Asia-Pacific
• South America
• Middle East and Africa

With widespread application in the food and beverage sector, North America dominated the worldwide oxygen scavengers market by 45%. Due to the region's stringent food safety standards, the need for oxygen scavengers to prolong food items' shelf lives has grown. Due to the expansion of the food and beverage sector and the rising need for environmentally friendly and biodegradable oxygen scavengers, the market is anticipated to expand steadily. The food and beverage industry makes up the majority of the market demand in the United States, the largest market in North America for oxygen scavengers. Several significant market participants, including Mitsubishi Gas Chemical Company, Ecolab Inc., and BASF SE, are based in the nation. Due to the rising need for packaging materials that can increase the shelf life of medications, the pharmaceutical sector is also a big consumer of oxygen scavengers in the US. Because of the country's expanding food and beverage sector, Canada is another sizable market for oxygen scavengers in North America. Numerous food safety laws put in place by the Canadian government are encouraging the use of oxygen scavengers there. The need for biodegradable and sustainable oxygen scavengers is also rising across the nation.

The oxygen scavengers' fastest-growing market is in APAC. This is mostly attributable to the region's expanding economies, which include India, China, Indonesia, Malaysia, Singapore, Vietnam, and Thailand. In these nations, the consumption of packaged and convenient food items is increasing yearly. The market for high-quality processed food items is also being driven by rising urbanization rates and population growth, which is also raising the usage of oxygen scavengers. The market is also being driven by the advancement of industrialization, increased demand brought on by shifting demographics, including higher living standards and disposable incomes, as well as government programs to entice investment in sectors like electricity, oil & gas, and chemical.

COVID-19 Impact on Global Oxygen Scavengers Market:

Oxygen scavengers are used in processes like water treatment to remove oxygen that might otherwise harm machinery, pipelines, etc., as well as in the packaging of food or medicines in sectors like food and beverage, power, oil and gas, pharmaceutical, pulp and paper, chemical, etc. The continuing epidemic has affected industries throughout the world, including food and beverage, textile, pulp and paper, and power. The COVID-19 epidemic hindered the expansion of the water sector during the lockdown period in 2020. The sector had to deal with emergency measures, changes in demand patterns, and supply chain interruptions. Many big water users lowered their needs as a result of shutdowns or reduced activities.

Global Oxygen Scavengers Market Recent developments:

Solenis purchased Poliqumicos (Mexico), a famous manufacturer and supplier of specialized chemical solutions for water-intensive industries. The business will combine as part of Solenis' direct-to-market strategy.

The packaging of food and pharmaceutical items can now employ a new type of oxygen scavenger material that Mitsubishi Gas Chemical Company developed. According to claims, the new material may effectively remove more oxygen from packaging than current methods, potentially extending product shelf life and decreasing waste.

Key Players:

1. Robert Bosch GmbH
2. I.M.A. INDUSTRIA MACCHINE AUTOMATICHE S.P.A.
3. Körber AG
4. Coesia S.p.A
5. Syntegon Technology GmbH
6. Romaco Group
7. Uhlmann Group
8. Maquinaria Industries Dara, SL
9. MULTIVAC

• In August 2021: In a $5.25 billion deal, Platinum Equity bought Solenis from Clayton, Dubilier & Rice (CD&R) and BASF. Solenis amalgamated with Sigura Water, an existing Platinum Equity portfolio firm, as part of the purchase, for a combined transaction value of around $6.5 billion. The business generates about $3.5 billion in total sales.
• In July 2021: A new masterbatch solution was introduced by the Swiss specialty chemical manufacturer Clariant, which has expanded its portfolio of oxygen scavenger solutions. To increase the plastic packaging materials' capacity to scavenge oxygen and lengthen the shelf life of packed goods, the new masterbatch is intended to be added to them.