Oxygen Scavengers Market Introduction 

Some of the key industry players in the overhead conductor market include:

General Cable Technologies Corporation

Nexans S.A.

Southwire Company LLC

Prysmian Group

Sterlite Power Transmission Ltd.

LAMIFIL NV

ZTT International Limited

Sumitomo Electric Industries, Ltd.

KEI Industries Limited

Apar Industries Ltd.

These companies are continuously investing in research and development to enhance the performance of their products and improve their efficiency. They are also adopting various strategies such as mergers and acquisitions, collaborations, and partnerships to expand their market presence and strengthen their product portfolios.

Oxygen Scavengers Market Size

Oxygen scavengers are chemicals used to remove or reduce oxygen content in a wide range of products, including food and beverage packaging, pharmaceuticals, and oil and gas. Oxygen scavengers prevent the growth of aerobic bacteria, which require oxygen to survive, by removing oxygen from the environment. This helps to extend the shelf life of the products and prevent spoilage, thereby reducing waste and saving costs.Oxygen scavengers are available in various forms, including sachets, films, and coatings. They are typically made from a combination of organic and inorganic materials, such as iron, ascorbic acid, and activated carbon. The selection of an oxygen scavenger depends on various factors such as the application, target oxygen levels, and required shelf life.The use of oxygen scavengers has become increasingly popular in recent years due to the growing demand for packaged food and beverages, rising consumer awareness of food safety, and the need to reduce waste and improve sustainability. As a result, the oxygen scavenger market is expected to see significant growth in the coming years.

Oxygen Scavengers Market Share

The global oxygen scavengers market is highly competitive and is dominated by a few key players. The market was valued at USD 2.13 billion in 2020 and is expected to reach USD 3.28 billion by 2028, growing at a CAGR of 5.6% from 2021 to 2028.Asia Pacific is the largest market for oxygen scavengers due to the presence of several large food and beverage manufacturers and the increasing demand for packaged food and beverages in the region. North America and Europe are also significant markets for oxygen scavengers due to the strict food safety regulations in these regions.Iron-based oxygen scavengers are the most widely used type of oxygen scavengers due to their high efficiency and low cost. Organic oxygen scavengers are also seeing increasing demand due to their ability to be used in a wider range of products and their compatibility with various packaging materials.Key players in the oxygen scavenger market include Mitsubishi Gas Chemical Company, Inc., Clariant AG, BASF SE, Henkel AG & Co. KGaA, Ecolab Inc., Arkema S.A., Solenis LLC, Sealed Air Corporation, and Multisorb Technologies, Inc. These companies are focusing on developing new and innovative products and expanding their market presence through mergers and acquisitions and collaborations with other companies.

Oxygen Scavengers Market Trends

Some of the current trends in the oxygen scavengers market include:

Increasing demand for sustainable packaging solutions: With growing concerns about the environmental impact of packaging waste, there is a rising demand for sustainable packaging solutions that reduce waste and minimize the use of non-recyclable materials. Oxygen scavengers offer an effective way to extend the shelf life of food and beverages, reducing waste and improving sustainability.

Advancements in technology: The development of new and innovative oxygen scavenger technologies is driving the growth of the market. For instance, the use of nanotechnology has led to the development of highly efficient oxygen scavengers that can be incorporated into packaging materials to protect food and beverages.

Growing demand for packaged food and beverages: The increasing demand for convenience foods and ready-to-eat meals is driving the growth of the packaged food and beverage industry. Oxygen scavengers play a critical role in ensuring the safety and quality of these products, thus driving the demand for oxygen scavengers.

Increasing focus on food safety: With growing awareness of foodborne illnesses and contamination, there is a heightened focus on food safety. Oxygen scavengers help to prevent the growth of aerobic bacteria and other microorganisms that can cause food spoilage, thus ensuring the safety and quality of food products.

Rising demand for pharmaceuticals: Oxygen scavengers are also used in the pharmaceutical industry to prevent the degradation of drugs and extend their shelf life. With the increasing demand for pharmaceuticals, the use of oxygen scavengers in this industry is also expected to grow.

Oxygen Scavengers Market Driving factors

There are several driving factors behind the growth of the oxygen scavengers market. These include:

Increasing demand for packaged food and beverages: With the growth of the global food and beverage industry, there is a rising demand for packaging materials that can help to extend the shelf life of these products. Oxygen scavengers play a crucial role in this by reducing the amount of oxygen inside the package, which helps to prevent spoilage and preserve the quality of the food and beverages.

Stringent food safety regulations: Governments around the world are implementing increasingly strict regulations to ensure the safety and quality of food products. Oxygen scavengers help to prevent the growth of bacteria and other microorganisms that can cause food spoilage, making them a critical component of food packaging.

Increasing awareness of food waste: With growing concerns about food waste and its impact on the environment, there is a greater emphasis on developing packaging solutions that can help to reduce waste. Oxygen scavengers can extend the shelf life of food products, reducing the amount of food that is thrown away due to spoilage.

Advancements in technology: The development of new and innovative oxygen scavenger technologies is driving the growth of the market. For example, the use of nanotechnology has led to the development of highly efficient oxygen scavengers that can be incorporated into packaging materials to protect food and beverages.

Growing demand for pharmaceuticals: Oxygen scavengers are also used in the pharmaceutical industry to prevent the degradation of drugs and extend their shelf life. With the increasing demand for pharmaceuticals, the use of oxygen scavengers in this industry is also expected to grow.

Increasing focus on sustainability: With growing concerns about the environmental impact of packaging waste, there is a rising demand for sustainable packaging solutions. Oxygen scavengers can help to extend the shelf life of food products, reducing the amount of waste that is generated due to spoilage.

Oxygen Scavengers Market Regional Analysis

The global oxygen scavengers market can be analyzed based on several regions, including North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.North America is expected to dominate the market due to the high demand for packaged food and beverages and the presence of key market players in the region. The United States and Canada are the major contributors to the growth of the oxygen scavengers market in North America.Europe is also a significant market for oxygen scavengers due to the stringent food safety regulations in the region. The increasing demand for packaged food and beverages, particularly in Western Europe, is also driving the growth of the market. The United Kingdom, Germany, France, and Italy are the major contributors to the growth of the oxygen scavengers market in Europe.The Asia Pacific region is expected to witness significant growth in the oxygen scavengers market due to the increasing demand for packaged food and beverages and the growing awareness of food waste in the region. The increasing population and rising disposable income in countries such as China and India are also expected to drive the growth of the market in the region.Latin America and the Middle East and Africa are also expected to witness growth in the oxygen scavengers market due to the increasing demand for packaged food and beverages and the growing awareness of food safety and waste reduction in these regions.

Overall, the global oxygen scavengers market is expected to witness significant growth in the coming years, driven by the increasing demand for packaged food and beverages and the growing focus on food safety, waste reduction, and sustainability.

Oxygen Scavengers Market Forecasts 2030 

The global oxygen scavengers market is expected to continue growing at a significant rate over the forecast period from 2021 to 2030.The market is expected to reach a value of USD 3.5 billion by 2030, growing at a CAGR of 5.7% during the forecast period.The increasing demand for packaged food and beverages, particularly in emerging economies, is expected to be the primary driver of market growth. The rising awareness of food safety, waste reduction, and sustainability is also expected to drive the demand for oxygen scavengers.Furthermore, the increasing adoption of modified atmosphere packaging and the growing demand for extended shelf life for food products are expected to drive the growth of the oxygen scavengers market. The market is also expected to benefit from the growing demand for innovative and cost-effective solutions to extend the shelf life of food products.In terms of application, the food and beverage segment is expected to remain the largest segment of the oxygen scavengers market. However, the pharmaceuticals segment is expected to witness the highest growth rate during the forecast period, driven by the increasing demand for oxygen scavengers in the packaging of pharmaceuticals and medical devices.Geographically, Asia Pacific is expected to witness the highest growth rate in the oxygen scavengers market due to the increasing demand for packaged food and beverages, particularly in China and India. The North American and European markets are also expected to witness steady growth during the forecast period.

Overall, the oxygen scavengers market is expected to witness significant growth in the coming years, driven by the increasing demand for packaged food and beverages and the growing focus on food safety, waste reduction, and sustainability.

Oxygen Scavengers Market Key Industry Players

Some of the key players in the global oxygen scavengers market include:

Mitsubishi Gas Chemical Company, Inc.

BASF SE

Clariant AG

Ecolab Inc.

Solenis LLC

Sealed Air Corporation

Kemira Oyj

Arkema S.A.

Baker Hughes Company

Innospec Inc.

These companies are involved in developing innovative solutions for oxygen scavenging and are also focused on expanding their presence in emerging markets. The companies are also investing heavily in R&D to develop new and innovative oxygen scavengers and to improve the performance of their existing products.