Inorganic Oxygen Scavengers Market Size (2024–2030)

The global inorganic oxygen scavengers market was valued at USD 850 million in 2023; it is projected to grow at a CAGR of 5.8% from 2024 to 2030. By 2030, the market is expected to reach USD 1.26 billion.

Inorganic oxygen-scavenging systems are in great demand as residual oxygen can be removed with their help to increase the shelf life of packaged food, pharmaceuticals, etc. Increasing awareness regarding the ill effects of oxygen on product quality and rising demand for advanced packaging solutions also favor market growth.

Key Market Highlights:

The food and beverage segment is the largest application due to the high demand for shelf-life extension in this area.

North America dominates the market, followed by Europe and Asia-Pacific.

Fast-growing awareness among consumers about preserving food and keeping it safe is a major driver of the global inorganic oxygen scavengers market.

Moreover, developments in nanotechnology and material science have resulted in more efficient and cost-effective oxygen scavengers.

Global Inorganic Oxygen Scavengers Market Drivers

The growth of Demand for Packaged Food Products is driving the market growth.

This rising demand for packaged foodstuffs is thus driving the Global Inorganic Oxygen Scavenger Market. With a rising interest in convenience and ready-to-eat food products, today's consumers seek highly efficient packaging solutions to retain freshness and quality. Traces of oxygen can cause the spoilage of packaged foods, off-flavors, and reduction in shelf life. Inorganic oxygen scavengers remove the residual content of oxygen from food packages to extend their shelf life and maintain the quality of food products. Increasing demand for packaged foods, stemming from changing lifestyles, urbanization, and improving disposable incomes, is raising demand for inorganic oxygen scavengers in the food industry.

Rising Awareness of the Impact of Oxygen on the Quality of Products is driving market growth.

The other key driver of the Global Inorganic Oxygen Scavengers Market is increasing awareness concerning the effects of oxygen on the quality of the products. It can cause oxidative degradation to various products, including food and pharmaceutical products, as well as devices, to decrease quality and shelf life. In food, oxygen can result in the rancidity of fats and oils, spoilage of meat and dairy products, and a decrease in the nutritional value of fruits and vegetables. Talking about pharmaceutical products, oxygen degrades the active ingredients in the products and hence decreases their safety and efficiency rating. In the electronics industry, oxygen can cause corrosion and damage to sensitive components. The rising awareness regarding these adverse effects adds to the adoption of inorganic oxygen scavengers for the protection of quality in products ranging from industries such as food to electronics.

Advances in Packaging Technologies are driving the market growth.

Advances in packaging technologies are also feeding into the growth of the global inorganic oxygen scavengers market. Changes in packaging materials and technologies have improved oxygen scavenger performance and efficiency. For instance, developments of active packaging solutions by which oxygen scavengers are directly integrated into the structures of the packages made them more convenient and improved their performance. Improving technological innovations in oxygen scavenger manufacturing companies offer better and more reliable solutions for their customers, hence driving the demand for inorganic oxygen scavengers across various applications.

Global Inorganic Oxygen Scavengers Market Challenges and Restraints:

The high Cost of Advanced Oxygen Scavenger Solutions is restricting the market growth.

This is one of the major challenges that will be faced by the Global Inorganic Oxygen Scavengers Market—advanced oxygen scavenger solutions are pricey. While such products give superior performance and efficiency, they are usually perceived as more costly than traditional oxygen scavengers. This high cost may deter SMEs and highly cost-sensitive customers, reducing their ability to adapt. Besides PAA, the progress of raw materials involved in the manufacturing of advanced oxygen scavengers is another factor contributing to their rising cost. The challenge for the market is to come up with cost-effective solutions with high performance and without compromise on quality and reliability.

Regulatory and Environmental Concerns are restricting the market growth.

The Global Inorganic Oxygen Scavengers Market also faces the challenge of regulatory and environmental concerns. The usage of some chemicals and materials in oxygen scavengers is governed by strict regulations and standards to be followed for the safety and care of the environment. Additional complexity and cost to the development and production of a product are involved in complying with these regulations. Moreover, environmental issues during the disposal of the packaging material and recycling can arise due to the presence of oxygen scavengers. The growing trend toward sustainability and green packaging solutions impels manufacturers to develop environmentally responsible products and processes. The challenge to the market is to balance compliance, sustainability to the environment, and cost-effectiveness in the development and production of inorganic oxygen scavengers.

Market Opportunities:

The Global Inorganic Oxygen Scavengers Market has huge potential for growth and innovation. The probable opportunity presented by oxygen scavengers lies in their gradually growing applications in the pharmaceutical and healthcare industries. The growing requirement for effective packaging that can prevent oxygen-induced degradation indicates a continuous key driver of high-quality and safe pharmaceuticals. Inorganic oxygen scavengers can play a key role in maintaining the stability and efficacy of pharmaceutical products, which presents a huge growth opportunity for the market. A further major opportunity is the development of eco-friendly and sustainable oxygen-scavenger solutions. As environmental sustainability enters common practice, so does heuristic demand for the delivery of effective and environmentally responsible packaging solutions. This means manufacturers can develop ground-breaking, sustainable oxygen-scavenging products and capitalize on this trend, meeting regulatory and environmental standards. At the same time, advanced packaging technologies, more specifically active and intelligent packaging, open opportunities for integrated oxygen scavenger solutions to be offered by market players. Starting from the pharmaceutical and healthcare industries with growing applications, and development of green products, to the mainstreaming of advanced packaging technologies, overall, the market is huge in terms of growth opportunity.

INORGANIC OXYGEN SCAVENGERS MARKET REPORT COVERAGE:

Inorganic Oxygen Scavengers Segmentation - by Type

• Iron-Based Oxygen Scavengers

• Metal Oxide-Based Oxygen Scavengers

• Others

The inorganic oxygen scavengers market is dominated by the iron-based oxygen scavengers segment. The usage of iron-based scavengers is very broad because of the high efficiency of the oxygen removal properties and cost-effective features. They have wide applications in food packaging, pharmaceuticals, and others where this removal of oxygen is most vital.

Inorganic Oxygen Scavengers Segmentation - by Application

• Food and Beverage

• Pharmaceuticals

• Chemical

• Electronics

• Others

The food and beverage segment is the most dominant application segment in the Inorganic Oxygen Scavengers Market. The need to lengthen the shelf life of food products and maintain their quality drives the use of oxygen scavengers in this segment. Growing consumer preference for fresh, quality packaged food adds further to the growth in demand for inorganic oxygen scavengers.

Inorganic Oxygen Scavengers Segmentation - Region

• North America

• Asia-Pacific

• Europe

• South America

• Middle East and Africa

North America dominates in the inorganic oxygen scavengers market. The well-established food and beverage industries, coupled with strict food safety regulations and high consumer awareness of product quality, have created demand for inorganic oxygen scavengers. The presence of key pharmaceutical and electronic industries further adds to the growth available in the North American region.

COVID-19 Impact Analysis on the Inorganic Oxygen Scavengers Market:

The COVID-19 pandemic had a very huge impact on the Global Inorganic Oxygen Scavengers Market. The pandemic disrupted the supply chains, which in turn hampered the production and distribution of oxygen scavengers. The lockdown and restrictions on movement also impacted the operations of manufacturing facilities to a great extent. On the other hand, the pandemic has brought out the need for maintaining quality and safety in packaged food and pharmaceutical products. The pandemics enforced health and hygiene awareness, hence fueling demand for efficient solutions in packaging, thereby incorporating inorganic oxygen scavengers. A rise in consumer preference for packaged foodstuffs and pharmaceuticals owing to increased consumption during the pandemic boosted the market further. In terms of the post-pandemic recovery phase, there is a very good possibility of focusing on quality and safety as prime objectives that boost product demand toward inorganic oxygen scavengers.

Latest Trends/Developments:

Variety is the hallmark of trends and developments seen in this inorganic oxygen scavengers market. One major trend in the inorganic oxygen scavengers market concerns the rising demand for active and intelligent packaging solutions. Active packaging solutions embed oxygen scavengers into the packaging materials to bring improved performance and convenience. While active packaging embeds oxygen scavengers, intelligent packaging solutions come fitted with sensors and indicators for tracking real-time status regarding the quality and safety of packaged products. It is in light of this factor that modern packaging solutions are making waves across industries, thereby promoting innovations in the market. Another key trend is the development of eco-friendly and sustainable oxygen scavenger solutions. It is against the increasing push for environmental sustainability that innovators are developing products that have effectiveness combined with being sensitive to the environment. Improvements in areas like material science and nanotechnology are fueling innovations in oxygen scavenger technologies, resulting in more effective and lower-cost solutions. Increasing e-commerce and online retail platforms spur innovations in the market. These e-commerce platforms give an easy and effective way for the consumer to acquire packaging solutions, including inorganic oxygen scavengers. The market for inorganic oxygen scavengers is developing rapidly via technology and innovation. Advanced packaging solution adoption, emphasis on sustainability driving demand, and the huge growth potential of material science and nanotechnologies are some main causative factors.

Key Players:

1. Mitsubishi Gas Chemical Company, Inc.

2. Multisorb Technologies, Inc.

3. Clariant International Ltd.

4. BASF SE

5. Henkel AG & Co. KGaA

6. Arkema Group

7. SUEZ Water Technologies & Solutions

8. Solvay S.A.

9. Sealed Air Corporation

10. Ecolab Inc.