+353-1-416-8900REST OF WORLD
+44-20-3973-8888REST OF WORLD
1-917-300-0470EAST COAST U.S
1-800-526-8630U.S. (TOLL FREE)

PRINTER FRIENDLY

Oxygen Scavengers - Global Market Trajectory & Analytics

  • ID: 4805896
  • Report
  • February 2022
  • Region: Global
  • 387 Pages
  • Global Industry Analysts, Inc

FEATURED COMPANIES

  • Accepta Ltd.
  • Arkema S.A.
  • Chemfax Products Ltd.
  • Ecolab Inc.
  • Henkel AG & Co. KGaA
  • RoEmex Limited

Global Oxygen Scavengers Market to Reach $2.5 Billion by 2026


Oxygen scavengers, also called oxygen absorbers, are used primarily to reduce or eliminate oxygen from packaged foods and also in feed water for boiler systems. An ever growing demand for advanced food packaging will be the major driver of growth in the global market. As healthy snacks become more popular in the developed countries and the leading FMCG multinationals adopt eco-friendly and recyclable packaging materials, oxygen scavenger requirement will spiral in future. Moreover, new methods of producing oxygen scavengers such as the utilization of aerobic microorganisms as active compounds, particularly for foods packaging, is yet another notable factor. The market will also be driven due to customers wanting more and more premium and fresh packaged foods in the foreseeable future. Demand is likely to decline in the aftermath of the Covid-19 crisis, particularly from the chemicals, and oil and gas end-use sectors. However, the decline is expected to be offset by growth in food and beverage, and pharmaceuticals end-use industries.

Amid the COVID-19 crisis, the global market for Oxygen Scavengers estimated at US$1.9 Billion in the year 2020, is projected to reach a revised size of US$2.5 Billion by 2026, growing at a CAGR of 4.4% over the analysis period. Metallic, one of the segments analyzed in the report, is projected to grow at a 4% CAGR to reach US$1.6 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Non-Metallic segment is readjusted to a revised 5% CAGR for the next 7-year period. This segment currently accounts for a 37% share of the global Oxygen Scavengers market. The industry is currently dominated by oxygen scavengers of the metallic type, as they extend product shelf-life more as against their non-metallic counterparts. The metallic oxygen scavengers exhibit superior features, especially in preventing rancidity, color change, mold growth, spoilage, and depletion of product quality and nutritive values. Metallic scavengers are finding extensive application in water treatment. They are available at an affordable cost in comparison to the non-metallic oxygen scavengers. The growth in Non-Metallic segment is linked to improved scavenger usage in foods where metals present a challenge. Such non-metallic oxygen scavengers include lime, ascorbic acid, oxidase oxygen, activated charcoal, and hydrazine.



The U.S. Market is Estimated at $560 Million in 2021, While China is Forecast to Reach $353.5 Million by 2026


The Oxygen Scavengers market in the U.S. is estimated at US$560 Million in the year 2021. The country currently accounts for a 28.5% share in the global market. China, the world`s second largest economy, is forecast to reach an estimated market size of US$353.5 Million in the year 2026 trailing a CAGR of 6.5% through the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.9% and 4% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 3.2% CAGR while Rest of European market (as defined in the study) will reach US$374.9 Million by the end of the analysis period. The US market dominates growth in the North America region due to a growing requirement for high-quality packaged foods being developed through perpetually ongoing research and development to preserve food freshness. Demand in the European market is being driven by burgeoning pharmaceuticals packaging sector. Moreover, the busy lifestyles of Europeans and their growing disposable incomes are making people opt more for packed foods instead of traditional home-cooked meals. A major reason behind the Asia Pacific market growing is the growing number of end-user industries in the region. Furthermore, burgeoning population, growing GDP, as also the presence of numerous major manufacturers open up huge opportunities to enhance foods and beverages production in the region.

Select Competitors (Total 46 Featured) -

  • Accepta Ltd.
  • Angus Chemical Company
  • Arkema S.A.
  • BASF SE
  • Chemfax Products Ltd.
  • Clariant International Ltd.
  • Eastman Chemical Company
  • Ecolab Inc.
  • Guardian Chemicals Inc.
  • Henkel AG & Co. KGaA
  • Hydrite Chemical Co.
  • Mitsubishi Gas Chemical Company Inc.
  • Multisorb Technologies, Inc.
  • RoEmex Limited
  • Solenis LLC
  • SUEZ Water Technologies & Solutions
  • TETRA Technologies, Inc.
  • Thermax Ltd.
The global analysis and forecast periods covered within the report are 2020-2027 (Current & Future Analysis) and 2012-2019 (Historic Review). Research estimates are provided for 2020, while research projections cover the period 2021-2027.
Frequently Asked Questions about the Global Market for Oxygen Scavengers

What is the estimated value of the Global Market for Oxygen Scavengers?

The Global Market for Oxygen Scavengers was estimated to be valued at $1.9 Billion in 2020.

What is the growth rate of the Global Market for Oxygen Scavengers?

The growth rate of the Global Market for Oxygen Scavengers is 4.7%, with an estimated value of $2.5 Billion by 2026.

What is the forecasted size of the Global Market for Oxygen Scavengers?

The Global Market for Oxygen Scavengers is estimated to be worth $2.5 Billion by 2026.

Who are the key companies in the Global Market for Oxygen Scavengers?

Key companies in the Global Market for Oxygen Scavengers include Accepta Ltd., Angus Chemical Company, Arkema S.A., BASF SE, Chemfax Products Ltd., Clariant International Ltd., Eastman Chemical Company, Ecolab Inc. and Henkel AG & Co. KGaA.
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • Accepta Ltd.
  • Arkema S.A.
  • Chemfax Products Ltd.
  • Ecolab Inc.
  • Henkel AG & Co. KGaA
  • RoEmex Limited

I. METHODOLOGY


II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

  • Oxygen Scavengers - Global Key Competitors Percentage Market Share in 2022 (E)
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
  • A Prelude to Oxygen Scavengers
  • Benefits of Oxygen Scavengers
  • Oxygen Scavenging Chemicals
  • Variants of Oxygen Scavenger Agents
  • Metallic Scavengers
  • Polymer-based Scavengers
  • Organic Scavengers
  • Impact of COVID-19 on the Global Economy
  • World Economic Growth Projections (Real GDP, Annual % Change) for 2019, 2020 & 2021
  • Global Oxygen Scavenger Market: Current & Future Prospects
  • Metallic Oxygen Scavengers Dominate, Non-Metallic to Witness Fastest Growth
  • Food & Beverage Industry Leads the Global Oxygen Scavengers Market
  • Developed Regions Dominate, Asia-Pacific to Register Fastest Growth
  • Competition

2. FOCUS ON SELECT PLAYERS

  • Recent Market Activity
  • Select World Brands

3. MARKET TRENDS & DRIVERS

  • Increase in Adoption of Oxygen Scavenging Films for Food Packaging
  • Food Safety Emerges as a Major Concern for Public Health Systems
  • Increasing Risk of Food Fraud to Drive the Demand for Oxygen Scavengers in Food & Beverage Sector
  • At-home Consumption Products Find Favor
  • Increasing Focus on Safe and High-Quality Foods Propels Oxygen Scavengers Demand
  • Increasing Consumption of Meat and Dairy Products to Augment Demand for Oxygen Scavengers
  • Technological Advances in Barrier & Oxygen-Scavenging
  • Increasing Demand for Aseptic Packaging Solutions Augurs Well for Oxygen Scavengers Market
  • Global Aseptic Packaging Market: Annual Revenues in US$ Billion for the Years 2018, 2020, 2022 and 2024
  • Recent Key Developments in Oxygen Scavenger Films
  • Use of Nanomaterials in Food Packaging as Nanoactive Oxygen Absorbing Films
  • Eco-friendly Oxygen Absorbing Films
  • Use of Oxygen Scavenging Films for Food Packaging: Future Scope and Research Areas
  • Strong Rise in Pharmaceutical Sales to Drive Demand for Oxygen Scavengers in Pharmaceutical Sector
  • Global Prescription Drug Sales (In US$ Billion) for the Years 2017, 2019, 2021, 2023 & 2025
  • Rapid Growth of Generic Drugs Augurs Well for Oxygen Scavengers Market
  • Global Generic Drugs Market Size (in $ Billion) for the Years 2016, 2019, 2020 & 2025
  • Demand for Oxygen Scavengers in Oil & Gas Industry to Witness Steady Increase in the Long Term
  • Global Oil & Gas E&P Industry Spending (2015-2021E)
  • Global Daily Crude Oil Demand in Million Barrels for the Years 2015 through 2020
  • Select Product Developments
  • Clariant Unveils CESA ProTect
  • PolyOne Offers ColorMatrix Amosorb 4020G Oxygen Scavenger
  • MACRO GROWTH FACTORS IMPACTING OXYGEN SCAVENGERS MARKET
  • World Population (in Thousands) by Geographic Region for the Years 2019, 2030, 2050, 2100
  • Increasing Burden of Chronic Disease to Drive the Demand for Caps and Closures for Pharmaceuticals
  • Global Cancer Incidence: Number of New Cancer Cases in Million for the Years 2018, 2020, 2025, 2030, 2035 and 2040
  • World Diabetes and Population Statistics (2019, 2030 & 2045)
  • Urbanization Trend
  • World Urban Population in Thousands: 1950-2050P
  • Burgeoning Middle Class Population
  • Global Middle Class Population (in Millions) and as a Percentage of Total Population: 2005, 2015, 2025 & 2035
  • Global Middle Class Spending (US$ Trillion) by Region for the Years 2020, 2025, 2030
  • Changing Lifestyles & Demographic Structure

4. GLOBAL MARKET PERSPECTIVE


III. MARKET ANALYSIS

UNITED STATES

  • Oxygen Scavengers Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2022 (E)

CANADA

  • 18 Active Players in Canada

JAPAN

  • Oxygen Scavengers Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2022 (E)
  • 17 Active Players in Japan

CHINA

  • Oxygen Scavengers Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2022 (E)
  • 16 Active Players in China

EUROPE

  • Oxygen Scavengers Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2022 (E)

FRANCE

  • Oxygen Scavengers Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2022 (E)
  • 17 Active Players in France

GERMANY

  • Oxygen Scavengers Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2022 (E)
  • 18 Active Players in Germany

ITALY

  • 16 Active Players in Italy

UNITED KINGDOM

  • Oxygen Scavengers Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2022 (E)
  • 20 Active Players in United Kingdom

SPAIN


RUSSIA

REST OF EUROPE

  • 16 Active Players in Rest of Europe

ASIA-PACIFIC

  • Oxygen Scavengers Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2022 (E)
  • 16 Active Players in Asia-Pacific

AUSTRALIA

  • Oxygen Scavengers Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Australia for 2022 (E)

INDIA

  • Oxygen Scavengers Market Presence - Strong/Active/Niche/Trivial - Key Competitors in India for 2022 (E)

SOUTH KOREA


REST OF ASIA-PACIFIC

LATIN AMERICA

  • Oxygen Scavengers Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Latin America for 2022 (E)

ARGENTINA


BRAZIL


MEXICO


REST OF LATIN AMERICA

MIDDLE EAST

  • Oxygen Scavengers Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Middle East for 2022 (E)

IRAN


ISRAEL


SAUDI ARABIA


UNITED ARAB EMIRATES


REST OF MIDDLE EAST

AFRICA

  • Oxygen Scavengers Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Africa for 2022 (E)

IV. COMPETITION

  • Total Companies Profiled: 46
Note: Product cover images may vary from those shown

A selection of companies mentioned in this report includes:

  • Accepta Ltd.
  • Angus Chemical Company
  • Arkema S.A.
  • BASF SE
  • Chemfax Products Ltd.
  • Clariant International Ltd.
  • Eastman Chemical Company
  • Ecolab Inc.
  • Guardian Chemicals Inc.
  • Henkel AG & Co. KGaA
  • Hydrite Chemical Co.
  • Mitsubishi Gas Chemical Company Inc.
  • Multisorb Technologies, Inc.
  • RoEmex Limited
  • Solenis LLC
  • SUEZ Water Technologies & Solutions
  • TETRA Technologies, Inc.
  • Thermax Ltd.
Note: Product cover images may vary from those shown