Home Press Releases Oxygen Scavengers Market Size worth $3.79 Billion By 2030 | CAGR: 6.0%

Oxygen Scavengers Market Size worth $3.79 Billion By 2030 | CAGR: 6.0%

The global oxygen scavengers market size is expected to reach USD 3.79 billion by 2030, according to a new study by Polaris Market Research. The report “Oxygen Scavengers Market Share, Size, Trends, Industry Analysis Report, By Type (Inorganic, Organic); By Form (Sachets/Canisters/Bottle Caps & Labels, OS Films & PET Bottles, Liquid, Powder), By End-Use, By Region; Segment Forecast, 2022 – 2030” gives a detailed insight into current market dynamics and provides analysis on future market growth.

 

The key factors responsible for the industry growth include shifting consumer tastes, increased health awareness, the growing millennial population, and an increase in supplemental income among consumers. For instance, according to the U.S. Census Bureau, in 2019, the population estimates for Millennials (ages 23 to 38) and Boomers (ages 55 to 73) are around 72.1 million and 71.6 million, respectively. Generation X (ages 39 to 54) is expected to surpass that of the Baby Boomers by 2028. The desire for novel dietary ingredients with high protein and a pleasant flavor constantly increases among the millennial population. The convergence of important industry trends has given key industry players new opportunities.

 

Based on the type, the inorganic scavenger segment accounted for the leading share in the industry in 2021. Inorganic segments are commonly employed in food & beverage processing as well as water purification.

 

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With the emerging packing technologies in O2, scavenging is the factor boosting the industry growth during the forecast period. The use of “active packaging” is one of the most successful methods of O2 control in packaging process applications. Packaging systems that respond to environmental changes are referred to as active packaging. “Oxygen scavengers” is a term used to describe a type of active packaging.

 

Industry players such Angus Chemical Company, Accepta Ltd., Arkema, BASF SE, Clariant Inc., Desiccare, Inc., SUEZ Water Technologies & Solutions, Baker Hughes, Eastman Chemical Company, Henkel AG & Co. KGaA, Ecolab Inc., Innospec Inc., Multisorb Technologies Inc., Kemira, Plastichem (PTY) LTD, PolyOne Corporation, Solenis, Sealed Air Corporation, Solvay America Inc., and Tetra Technologies, Inc are some key players operating in the global market.

 

In August 2021, Arkema Group agreed to buy Ashland’s Performance Sealants sector, a worldwide provider in high-performance sealants for commercial applications in the United States with a distinctive and creative product portfolio.

 

Polaris Market Research has segmented the oxygen scavengers market report based on type, form, end-use, and region:

 

Oxygen Scavengers, Type Outlook (Revenue – USD Billion, 2018 – 2030)

  • Inorganic
  • Organic

Oxygen Scavengers, Form Outlook (Revenue – USD Billion, 2018 – 2030)

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

Oxygen Scavengers, End-Use Outlook (Revenue – USD Billion, 2018 – 2030)

  • Food & beverage
  • Pharmaceutical
  • Power
  • Oil & gas
  • Chemical
  • Pulp & paper
  • Others

Oxygen Scavengers, Regional Outlook (Revenue – USD Billion, 2018 – 2030)

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • UK
    • Italy
    • France
    • Spain
    • Austria
    • Netherlands
  • Asia Pacific
    • China
    • Japan
    • India
    • Indonesia
    • Malaysia
    • South Korea
  • Latin America
    • Brazil
    • Argentina
    • Mexico
  • Middle East & Africa
    • Israel
    • Saudi Arabia
    • South Africa
    • UAE

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