
The global oxygen scavenger market comprises metal scavengers and non-metal scavengers. Oxygen scavengers are chemical compounds added to packages, containers, and storage tanks to preserve sensitive products such as food and beverages, cosmetics, and pharmaceuticals by removing dissolved oxygen or preventing oxygen from entering. They extend product shelf life by limiting oxidation. Metal scavengers work by oxidation-reduction reaction where transition metals donate electrons to remove oxygen from the atmosphere. Non-metal scavengers operate by chemical reaction where ethylene-based polymers absorb oxygen. The increasing demand for extended shelf life of packaged foods and beverages is driving the oxygen scavenger market.
Global oxygen scavenger market is expected to reach US$ 3.5 Bn by 2030, from US$ 2.4 Bn in 2023, exhibiting a CAGR of 5.4% during the forecast period.
Key Takeaways
Key players operating in the global oxygen scavenger market are BASF SE, Mitsubishi Gas Chemical Company, Inc., Ecolab Inc., and Clariant Ltd. BASF SE offers ageless oxygen scavengers for alcoholic and non-alcoholic beverages packaging. Mitsubishi Gas Chemical Company, Inc. provides oxygen absorbers for food, pharmaceutical, and other industries.
The growing demand for packaged food and beverages globally is propelling the Global Oxygen Scavenger Market. Rising disposable incomes and busy lifestyles have increased the demand for convenient ready-to-eat meals and packaged drinks, necessitating oxygen scavengers. Extended shelf life allows vendors to supply products over long distances.
Technological advancements include development of reusable and recyclable oxygen scavengers. Reusable oxygen scavengers absorb and release oxygen multiple times, improving efficiency. Biodegradable polymers and inorganic compounds are being researched to replace non-environment friendly ethylene-based polymers and transition metals. This makes oxygen scavengers sustainable and reduces environmental footprint.
Market Trends
One key trend is the growing demand of sustainable oxygen scavengers from packaging manufacturers. Biodegradable polymers and inorganic oxygen scavengers allow recyclable and reusable packaging. Another trend is the customization of oxygen scavengers as per specific headspace volumes and rates of absorption according to product type.
Market Opportunities
Rising global e-commerce has opened opportunities for oxygen scavengers in protective packaging. There is also scope for increasing replacement of conventional aging with modern oxygen scavenging techniques in industries like pharmaceuticals and nutraceuticals.
Impact of COVID-19 on Global Oxygen Scavenger Market Growth
The COVID-19 pandemic has negatively impacted the growth of the global oxygen scavenger market. During the initial months of the pandemic, nationwide lockdowns imposed across various countries led to disruptions in the production and supply chain of oxygen scavengers. This adversely affected the demand and sales in 2020. However, with the resumption of manufacturing activities and ease of restrictions from mid-2021, the market has witnessed gradual recovery.
The demand from key end-use industries such as food and beverages, pharmaceuticals, and chemicals significantly reduced during the peak period of the pandemic due to minimal operations. However, the demand from healthcare and medical sectors increased owing to the production of medical equipment, vaccines, and therapeutics. With growing awareness about consumer safety and hygiene, the demand for oxygen scavenger-based packaging is expected to surge in the food and beverage industry in the post-COVID period.
To sustain in the market, manufacturers focused on developing novel solutions for new applications emerged due to the pandemic. They also enhanced their production capabilities and distribution networks to cater to the rising demand. The market is anticipated to steadily grow in the coming years driven by increasing consumption from industries restarting operations and growing health, safety, and hygiene concern among consumers globally.
Geographical Regions with Highest Market Value of Global Oxygen Scavenger Market
Asia Pacific accounts for the largest share of the global oxygen scavenger market in terms of value. This is attributed to the presence of major consuming industries including food and beverages, pharmaceuticals, and chemicals in countries such as China, India, Japan, and South Korea. China dominates the market in the region owing to its immense manufacturing prowess and consumption. The growing demand for safety and sustainable packaging from the expanding middle-class population further supports the market growth.
Europe captures the second position in terms of value contributed by countries such as Germany, France, UK, Italy, and Spain. Stringent packaging regulations regarding product protection and eco-friendliness favor the market growth. North America is another prominent region driven by focus on supply-chain integrity and consumer packaging needs in the US and Canada.
Fastest Growing Regional Market of Global Oxygen Scavenger Market
The North American oxygen scavenger market is poised to register the highest CAGR during the forecast period. This can be attributed to increasing consumer awareness about anti-microbial and extended shelf-life packaging applications. Furthermore, developing healthcare infrastructure and rising expenditure on medical supplies will augment the product demand. Stringent regulations regarding food safety, including the Food Safety Modernization Act (FSMA), also necessitate the deployment of advanced packaging technologies. Hence, North America is anticipated to emerge as the fastest growing regional market.
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